MRC Global Inc. (MRC) financial statements (2022 and earlier)

Company profile

Business Address FULBRIGHT TOWER
HOUSTON, TX 77010
State of Incorp. DE
Fiscal Year End December 31
SIC 5084 - Industrial Machinery and Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments   434810969
Cash and cash equivalents   434810969
Receivables379319459587522399533
Inventory, net of allowances, customer advances and progress billings453509701797701561781
Inventory453509701797701561781
Other current assets19192638474823
Other undisclosed current assets4811932    
Total current assets:8999661,2181,4651,3181,1171,405
Noncurrent Assets
Operating lease, right-of-use asset191200186
Property, plant and equipment91103138140147135127
Intangible assets, net (including goodwill)468493764806854893943
Goodwill264264483484486482484
Intangible assets, net (excluding goodwill)204229281322368411459
Other undisclosed noncurrent assets22191923211927
Total noncurrent assets:7728151,1079691,0221,0471,096
TOTAL ASSETS:1,6711,7812,3252,4342,3402,1642,502
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities401358448565558425436
Accounts payable321264357435415314327
Accrued liabilities809491130143111110
Debt24384488
Other undisclosed current liabilities3337     
Total current liabilities:436399486569562433444
Noncurrent Liabilities
Long-term debt and lease obligation472566714680522406516
Long-term debt, excluding current maturities295379547680522406516
Operating lease, liability177187167
Liabilities, other than long-term debt85111128138142207230
Deferred tax liabilities, net98106184208
Deferred income tax liabilities537091
Other liabilities32413740362322
Total noncurrent liabilities:557677842818664613746
Total liabilities:9931,0761,3281,3871,2261,0461,190
Temporary equity, carrying amount355355355355355355355
Stockholders' equity
Stockholders' equity attributable to parent323350642692759763956
Common stock1111111
Treasury stock, value(375)(375)(375)(300)(175)(107)(12)
Additional paid in capital1,7471,7391,7311,7211,6911,6771,666
Accumulated other comprehensive loss(231)(234)(232)(232)(210)(234)(232)
Accumulated deficit(819)(781)(483)(498)(548)(574)(467)
Total stockholders' equity:323350642692759763956
TOTAL LIABILITIES AND EQUITY:1,6711,7812,3252,4342,3402,1642,502

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues2,6662,5603,6624,1723,6463,0414,529
Revenue, net3,6463,0414,529
Cost of revenue
(Cost of Goods and Services Sold)
(2,249)(2,129)(3,009)(3,483)(3,064)(2,573)(3,743)
Gross profit:417431653689582468786
Operating expenses(410)(449)(550)(562)(536)(524)(607)
Other undisclosed operating loss (242)    (462)
Operating income (loss):7(260)10312746(56)(282)
Nonoperating income (expense)2536(8)113
Investment income, nonoperating   1   
Other nonoperating income (expense)2537 1(9)
Interest and debt expense(23)(28)(40)(39)(39)(36)(51)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   18 (22)
Income (loss) from continuing operations before income taxes:(14)(283)66957(91)(342)
Income tax expense (benefit) 9(27)(21)43811
Net income (loss) attributable to parent:(14)(274)397450(83)(332)
Preferred stock dividends and other adjustments(24)(24)(24)(24)(24)(24)(13)
Net income (loss) available to common stockholders, diluted:(38)(298)155026(107)(345)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(14)(274)397450(83)(332)
Other comprehensive income (loss)3(2) (22)24(2)(95)
Comprehensive income (loss), net of tax, attributable to parent:(11)(276)395274(85)(427)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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