MRC Global Inc. (MRC) financial statements (2021 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4348109692525
Cash and cash equivalents 4348109692525
Receivables459587522399533974812
Inventory, net of allowances, customer advances and progress billings7017977015617811,187972
Inventory7017977015617811,187972
Prepaid expense and other current assets37
Other current assets263847482336 
Other undisclosed current assets32      
Total current assets:1,2181,4651,3181,1171,4052,2221,846
Noncurrent Assets
Operating lease, right-of-use asset186
Property, plant and equipment138140147135127116119
Intangible assets, net (including goodwill)7648068548939431,5071,340
Goodwill483484486482484806632
Intangible assets, net (excluding goodwill)281322368411459701708
Other undisclosed noncurrent assets19232119272930
Total noncurrent assets:1,1079691,0221,0471,0961,6521,490
TOTAL ASSETS:2,3252,4342,3402,1642,5023,8743,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities448565558425436707125
Accounts payable357435415314327539 
Accrued liabilities91130143111110168125
Debt38448888
Deferred tax liabilities    6979
Other undisclosed current liabilities      550
Total current liabilities:486569562433444784762
Noncurrent Liabilities
Long-term debt and lease obligation7146805224065161,446979
Long-term debt, excluding current maturities5476805224065161,446979
Operating lease, liability167
Liabilities, other than long-term debt128138142207230247256
Deferred tax liabilities, net98106184208224241
Deferred income tax liabilities91
Other liabilities37403623222315
Total noncurrent liabilities:8428186646137461,6921,235
Total liabilities:1,3281,3871,2261,0461,1902,4771,997
Temporary equity, carrying amount355355355355355  
Stockholders' equity
Stockholders' equity attributable to parent6426927597639561,3971,338
Common stock1111111
Treasury stock, value(375)(300)(175)(107)(12)  
Additional paid in capital1,7311,7211,6911,6771,6661,6561,644
Accumulated other comprehensive loss(232)(232)(210)(234)(232)(137)(40)
Accumulated deficit(483)(498)(548)(574)(467)(123)(267)
Total stockholders' equity:6426927597639561,3971,338
TOTAL LIABILITIES AND EQUITY:2,3252,4342,3402,1642,5023,8743,336

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues3,6624,1723,6463,0414,5295,9335,231
Revenue, net3,6463,0414,5295,9335,231
Cost of revenue
(Cost of Goods and Services Sold)
(3,009)(3,483)(3,064)(2,573)(3,743)(4,915)(4,276)
Gross profit:6536895824687861,018955
Operating expenses(550)(562)(536)(524)(607)(740)(665)
Other undisclosed operating income (loss)    (462)2422
Operating income (loss):10312746(56)(282)302312
Nonoperating income (expense)36(8)1131414
Investment income, nonoperating 1     
Other nonoperating income (expense)37 1(9)(14)(14)
Interest and debt expense(40)(39)(39)(36)(51)(62)(64)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 18 (22)(29)(26)
Income (loss) from continuing operations before income taxes:66957(91)(342)226237
Income tax expense (benefit)(27)(21)43811(82)(85)
Net income (loss) attributable to parent:397450(83)(332)144152
Preferred stock dividends and other adjustments(24)(24)(24)(24)(13)  
Net income (loss) available to common stockholders, diluted:155026(107)(345)144152

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):397450(83)(332)144152
Other comprehensive income (loss) (22)24(2)(95)(96)(18)
Comprehensive income (loss), net of tax, attributable to parent:395274(85)(427)48134

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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