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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments  43481096925
Cash and cash equivalents  43481096925
Receivables319459587522399533974
Inventory, net of allowances, customer advances and progress billings5097017977015617811,187
Inventory5097017977015617811,187
Other current assets19263847482336
Other undisclosed current assets11932     
Total current assets:9661,2181,4651,3181,1171,4052,222
Noncurrent Assets
Operating lease, right-of-use asset200186
Property, plant and equipment103138140147135127116
Intangible assets, net (including goodwill)4937648068548939431,507
Goodwill264483484486482484806
Intangible assets, net (excluding goodwill)229281322368411459701
Other undisclosed noncurrent assets19192321192729
Total noncurrent assets:8151,1079691,0221,0471,0961,652
TOTAL ASSETS:1,7812,3252,4342,3402,1642,5023,874
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities358448565558425436707
Accounts payable264357435415314327539
Accrued liabilities9491130143111110168
Debt43844888
Deferred tax liabilities    69
Other undisclosed current liabilities37      
Total current liabilities:399486569562433444784
Noncurrent Liabilities
Long-term debt and lease obligation5667146805224065161,446
Long-term debt, excluding current maturities3795476805224065161,446
Operating lease, liability187167
Liabilities, other than long-term debt111128138142207230247
Deferred tax liabilities, net98106184208224
Deferred income tax liabilities7091
Other liabilities41374036232223
Total noncurrent liabilities:6778428186646137461,692
Total liabilities:1,0761,3281,3871,2261,0461,1902,477
Temporary equity, carrying amount355355355355355355 
Stockholders' equity
Stockholders' equity attributable to parent3506426927597639561,397
Common stock1111111
Treasury stock, value(375)(375)(300)(175)(107)(12) 
Additional paid in capital1,7391,7311,7211,6911,6771,6661,656
Accumulated other comprehensive loss(234)(232)(232)(210)(234)(232)(137)
Accumulated deficit(781)(483)(498)(548)(574)(467)(123)
Total stockholders' equity:3506426927597639561,397
TOTAL LIABILITIES AND EQUITY:1,7812,3252,4342,3402,1642,5023,874

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,5603,6624,1723,6463,0414,5295,933
Revenue, net3,6463,0414,5295,933
Cost of revenue
(Cost of Goods and Services Sold)
(2,129)(3,009)(3,483)(3,064)(2,573)(3,743)(4,915)
Gross profit:4316536895824687861,018
Operating expenses(449)(550)(562)(536)(524)(607)(740)
Other undisclosed operating income (loss)(242)    (462)24
Operating income (loss):(260)10312746(56)(282)302
Nonoperating income (expense)536(8)11314
Investment income, nonoperating  1    
Other nonoperating income (expense)537 1(9)(14)
Interest and debt expense(28)(40)(39)(39)(36)(51)(62)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  18 (22)(29)
Income (loss) from continuing operations before income taxes:(283)66957(91)(342)226
Income tax expense (benefit)9(27)(21)43811(82)
Net income (loss) attributable to parent:(274)397450(83)(332)144
Preferred stock dividends and other adjustments(24)(24)(24)(24)(24)(13) 
Net income (loss) available to common stockholders, diluted:(298)155026(107)(345)144

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(274)397450(83)(332)144
Other comprehensive income (loss)(2) (22)24(2)(95)(96)
Comprehensive income (loss), net of tax, attributable to parent:(276)395274(85)(427)48

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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