Matrix Service Company (MTRX) Financial Statements (2024 and earlier)
Company Profile
Business Address |
15 EAST 5TH STREET TULSA, OK 74103 |
State of Incorp. | DE |
Fiscal Year End | June 30 |
Industry (SIC) | 17 - Construction Special Trade Contractors (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 6/30/2023 | 12/31/2022 MRQ | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 54,812 | 31,464 | 52,371 | 83,878 | 100,036 | 89,715 | |||
Cash and cash equivalents | 54,812 | 31,464 | 52,371 | 83,878 | 100,036 | 89,715 | |||
Receivables | 146,260 | 195,600 | 167,426 | 164,995 | 164,590 | 218,461 | |||
Inventory, net of allowances, customer advances and progress billings | 7,437 | 7,981 | 9,974 | 7,342 | 6,460 | 8,017 | |||
Inventory | 7,437 | 7,981 | 9,974 | 7,342 | 6,460 | 8,017 | |||
Prepaid expense | 5,741 | 8,104 | |||||||
Contract with customer, asset, after allowance for credit loss | 44,888 | 46,588 | 44,752 | 30,774 | 59,548 | ||||
Other current assets | 3,118 | 4,745 | 12,889 | 4,230 | 4,526 | 5,034 | |||
Other undisclosed current assets | 96,083 | ||||||||
Total current assets: | 262,256 | 294,482 | 287,412 | 291,219 | 335,160 | 417,310 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 21,799 | 23,938 | 22,067 | 22,412 | 21,375 | ✕ | |||
Property, plant and equipment | 47,545 | 50,684 | 53,869 | 69,407 | 80,748 | 79,335 | |||
Intangible assets, net (including goodwill) | 32,186 | 33,664 | 46,931 | 67,250 | 69,206 | 112,840 | |||
Goodwill | 29,120 | 29,733 | 42,135 | 60,636 | 60,369 | 93,368 | |||
Intangible assets, net (excluding goodwill) | 3,066 | 3,931 | 4,796 | 6,614 | 8,837 | 19,472 | |||
Restricted cash and investments | 25,000 | 25,000 | 25,000 | ||||||
Deferred income tax assets | 5,295 | 5,988 | ✕ | ||||||
Other noncurrent assets | 11,718 | 10,350 | 5,514 | 11,973 | 4,833 | 21,226 | |||
Other undisclosed noncurrent assets | 2,683 | ||||||||
Total noncurrent assets: | 138,248 | 143,636 | 153,381 | 176,337 | 182,150 | 216,084 | |||
TOTAL ASSETS: | 400,504 | 438,118 | 440,793 | 467,556 | 517,310 | 633,394 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 95,623 | 98,731 | 124,063 | 88,496 | 96,600 | 164,542 | |||
Taxes payable | ✕ | ✕ | ✕ | 2,517 | |||||
Employee-related liabilities | ✕ | ✕ | ✕ | 21,526 | 21,008 | 16,205 | 38,357 | ||
Accounts payable | 76,365 | 80,561 | 74,886 | 60,920 | 73,094 | 114,647 | |||
Accrued liabilities | 19,258 | 18,170 | 27,651 | 6,568 | 7,301 | 9,021 | |||
Deferred revenue | 85,436 | 99,762 | 65,106 | 53,832 | 63,889 | ✕ | |||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | (105,626) | ||
Other liabilities | 1,815 | 5,525 | 4,427 | 5,327 | 7,890 | 5,331 | |||
Other undisclosed current liabilities | 4,661 | 4,534 | (15,811) | 5,747 | 7,568 | 211,252 | |||
Total current liabilities: | 187,535 | 208,552 | 177,785 | 153,402 | 175,947 | 275,499 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 19,904 | 20,771 | 19,997 | ||||||
Liabilities, other than long-term debt, including: | 799 | 374 | 372 | 7,810 | 4,208 | 293 | |||
Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 298 | ||
Deferred income tax liabilities | 26 | 27 | 26 | 34 | 61 | ✕ | |||
Liability for uncertainty in income taxes | 200 | 300 | 300 | 500 | 500 | ||||
Other liabilities | |||||||||
Operating lease, liability | 20,660 | 22,713 | 19,904 | 20,771 | 19,997 | ✕ | |||
Other undisclosed liabilities, other than long-term debt | (20,087) | (22,366) | 46 | 7,476 | 3,647 | (505) | |||
Other undisclosed noncurrent liabilities | 30,686 | 37,740 | 15,026 | 34 | 9,269 | 5,645 | |||
Total noncurrent liabilities: | 31,485 | 38,114 | 35,302 | 28,615 | 33,474 | 5,938 | |||
Total liabilities: | 219,020 | 246,666 | 213,087 | 182,017 | 209,421 | 281,437 | |||
Equity | |||||||||
Equity, attributable to parent | 181,484 | 191,452 | 227,706 | 285,539 | 307,889 | 351,957 | |||
Common stock | 279 | 279 | 279 | 279 | 279 | 279 | |||
Treasury stock, value | (9,753) | (10,092) | (15,530) | (20,744) | (29,385) | (17,759) | |||
Additional paid in capital | 140,810 | 137,989 | 139,854 | 137,575 | 138,966 | 137,712 | |||
Accumulated other comprehensive loss | (8,769) | (8,663) | (8,175) | (6,749) | (8,373) | (7,751) | |||
Retained earnings | 58,917 | 71,939 | 111,278 | 175,178 | 206,402 | 239,476 | |||
Total equity: | 181,484 | 191,452 | 227,706 | 285,539 | 307,889 | 351,957 | |||
TOTAL LIABILITIES AND EQUITY: | 400,504 | 438,118 | 440,793 | 467,556 | 517,310 | 633,394 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 795,020 | 779,993 | 707,780 | 673,398 | 1,100,938 | 1,416,680 | ||
Cost of revenue (Cost of Goods and Services Sold) | (764,200) | (769,192) | (708,986) | (640,633) | (998,762) | (1,284,729) | ||
Gross profit: | 30,820 | 10,801 | (1,206) | 32,765 | 102,176 | 131,951 | ||
Operating expenses | (68,249) | (69,495) | (67,690) | (77,696) | (142,592) | (94,021) | ||
Other undisclosed operating income (loss) | (15,458) | (32,539) | (18,958) | 1,184 | 3,791 | |||
Operating income (loss): | (52,887) | (91,233) | (87,854) | (43,747) | (36,625) | 37,930 | ||
Nonoperating income | 2,150 | 32,095 | 32,522 | 2,043 | 1,578 | 1,778 | ||
Investment income, nonoperating | 290 | 110 | 90 | 126 | 1,270 | 1,167 | ||
Other nonoperating income | 1,860 | 31,985 | 32,432 | 1,917 | 308 | 611 | ||
Interest and debt expense | (2,024) | (1,738) | (2,951) | (1,559) | (1,597) | (1,296) | ||
Income (loss) from continuing operations before income taxes: | (52,761) | (60,876) | (58,283) | (43,263) | (36,644) | 38,412 | ||
Income tax expense (benefit) | 400 | 94 | (5,617) | 12,039 | 3,570 | (10,430) | ||
Income (loss) from continuing operations: | (52,361) | (60,782) | (63,900) | (31,224) | (33,074) | 27,982 | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | (27,955) | (63,900) | (31,224) | (33,074) | 27,982 | |
Net income (loss) available to common stockholders, diluted: | (52,361) | (60,782) | (63,900) | (31,224) | (33,074) | 27,982 |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 6/30/2023 | 12/31/2022 TTM | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
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Net income (loss): | (52,361) | (60,782) | (63,900) | (31,224) | (33,074) | 27,982 | ||
Other comprehensive income (loss) | (25) | (71) | (223) | 88 | (27) | |||
Other undisclosed comprehensive income (loss) | (594) | (1,193) | (1,355) | 1,847 | (710) | (313) | ||
Comprehensive income (loss), net of tax, attributable to parent: | (52,955) | (62,000) | (65,326) | (29,600) | (33,696) | 27,642 |
Statements Sources
The financial statements are based on the Company's filings with 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.