Materion Corporation (MTRN) financial statements (2022 and earlier)

Company profile

Business Address 6070 PARKLAND BLVD.
MAYFIELD HTS., OH 44124
State of Incorp. OH
Fiscal Year End December 31
SIC 346 - Metal Forgings And Stampings (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 investments142612571423124
Cash and cash equivalents142612571423124
Receivables22416615513112410197
Inventory, net of allowances, customer advances and progress billings361251190215220201212
Inventory361251190215220201212
Other undisclosed current assets28212223251213
Total current assets:627464492439411345346
Noncurrent Assets
Operating lease, right-of-use asset636223
Property, plant and equipment 310232251256253264
Intangible assets, net (including goodwill)475200859710198100
Goodwill3191457991918787
Intangible assets, net (excluding goodwill)1575566101114
Deferred income tax assets53 
Other noncurrent assets2719187767
Other undisclosed noncurrent assets409 26173926
Total noncurrent assets:980594361361380396397
TOTAL ASSETS:1,6071,058853800791741743
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1811171181331218984
Accounts payable86564350493332
Accrued liabilities53413233262021
Employee-related liabilities38194148433027
Taxes payable4213464
Deferred revenue883
Debt15212119
Accrued environmental loss contingencies   1   
Deferred revenue and credits514
Other undisclosed current liabilities   4   
Total current liabilities:2051271221401279096
Noncurrent Liabilities
Long-term debt and lease obligation5081143717345
Long-term debt, excluding current maturities4343712345
Finance lease, liability162117
Capital lease obligations15   
Operating lease, liability575718
Liabilities, other than long-term debt1751628062166153118
Deferred revenue and credits3741 
Accounts payable and accrued liabilities1333521
Deferred revenue988733
Deferred tax liabilities, net0000
Deferred income tax liabilities2716 
Liability, pension and other postretirement and postemployment benefits33423239939293
Accrued environmental loss contingencies   5  5
Other liabilities15141215311818
Total noncurrent liabilities:68327511779169157122
Total liabilities:887402240219296247219
Stockholders' equity
Stockholders' equity attributable to parent, including:720656611554495494483
Common stock272259250235223213209
Treasury stock, value(210)(199)(187)(175)(166)(154)(149)
Accumulated other comprehensive loss(40)(39)(45)(58)(103)(86)(81)
Retained earnings694631590548536518500
Other additional capital543444 
Other undisclosed stockholders' equity attributable to parent      4
Total stockholders' equity:720656611554495494483
Other undisclosed liabilities and equity  227  41
TOTAL LIABILITIES AND EQUITY:1,6071,058853800791741743

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
Revenues1,5111,1761,1851,2081,1399691,025
Revenue, net1,1399691,025
Cost of revenue
(Cost of Goods and Services Sold)
(1,227)(984)(926)(957)(928)(786)(834)
Gross profit:284193259251211183191
Operating expenses(190)(165)(166)(174)(160)(142)(143)
Other operating expense, net(17)(8)(12)(15)(13)(14)(3)
Other undisclosed operating loss  (14)    
Operating income:77196761392745
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
54(3)(43)   
Interest and debt expense(1)(1)(2)(1)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:81226218382645
Other undisclosed income (loss) from continuing operations before income taxes(4)(14)0(1)(1)(1)(2)
Income from continuing operations before income taxes:7786216362543
Income tax expense (benefit)(5)7(11)5(25)0(11)
Net income available to common stockholders, diluted:72155121112632

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:72155121112632
Other comprehensive income (loss)(2)71345(17)(5)2
Comprehensive income (loss), net of tax, attributable to parent:71226366(5)2034

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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