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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54,81231,46452,37183,878100,03689,715
Cash and cash equivalents54,81231,46452,37183,878100,03689,715
Receivables146,260195,600167,426164,995164,590218,461
Inventory, net of allowances, customer advances and progress billings7,4377,9819,9747,3426,4608,017
Inventory7,4377,9819,9747,3426,4608,017
Prepaid expense5,7418,104    
Contract with customer, asset, after allowance for credit loss44,88846,58844,75230,77459,548 
Other current assets3,1184,74512,8894,2304,5265,034
Other undisclosed current assets      96,083
Total current assets:262,256294,482287,412291,219335,160417,310
Noncurrent Assets
Operating lease, right-of-use asset21,79923,93822,06722,41221,375
Property, plant and equipment47,54550,68453,86969,40780,74879,335
Intangible assets, net (including goodwill)32,18633,66446,93167,25069,206112,840
Goodwill29,12029,73342,13560,63660,36993,368
Intangible assets, net (excluding goodwill)3,0663,9314,7966,6148,83719,472
Restricted cash and investments25,00025,00025,000   
Deferred income tax assets    5,2955,988
Other noncurrent assets11,71810,3505,51411,9734,83321,226
Other undisclosed noncurrent assets      2,683
Total noncurrent assets:138,248143,636153,381176,337182,150216,084
TOTAL ASSETS:400,504438,118440,793467,556517,310633,394
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities95,62398,731124,06388,49696,600164,542
Taxes payable   2,517
Employee-related liabilities21,52621,00816,20538,357
Accounts payable76,36580,56174,88660,92073,094114,647
Accrued liabilities19,25818,17027,6516,5687,3019,021
Deferred revenue85,43699,76265,10653,83263,889
Contract with customer, liability(105,626)
Other liabilities1,8155,5254,4275,3277,8905,331
Other undisclosed current liabilities4,6614,534(15,811)5,7477,568211,252
Total current liabilities:187,535208,552177,785153,402175,947275,499
Noncurrent Liabilities
Long-term debt and lease obligation:   19,90420,77119,997 
Liabilities, other than long-term debt, including:7993743727,8104,208293
Deferred tax liabilities, net298
Deferred income tax liabilities2627263461
Liability for uncertainty in income taxes 200 300300500500
Other liabilities      
Operating lease, liability20,66022,71319,90420,77119,997
Other undisclosed liabilities, other than long-term debt (20,087)(22,366)467,4763,647(505)
Other undisclosed noncurrent liabilities30,68637,74015,026349,2695,645
Total noncurrent liabilities:31,48538,11435,30228,61533,4745,938
Total liabilities:219,020246,666213,087182,017209,421281,437
Equity
Equity, attributable to parent181,484191,452227,706285,539307,889351,957
Common stock279279279279279279
Treasury stock, value(9,753)(10,092)(15,530)(20,744)(29,385)(17,759)
Additional paid in capital140,810137,989139,854137,575138,966137,712
Accumulated other comprehensive loss(8,769)(8,663)(8,175)(6,749)(8,373)(7,751)
Retained earnings58,91771,939111,278175,178206,402239,476
Total equity:181,484191,452227,706285,539307,889351,957
TOTAL LIABILITIES AND EQUITY:400,504438,118440,793467,556517,310633,394

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
Revenues795,020779,993707,780673,3981,100,9381,416,680
Cost of revenue
(Cost of Goods and Services Sold)
(764,200)(769,192)(708,986)(640,633)(998,762)(1,284,729)
Gross profit:30,82010,801(1,206)32,765102,176131,951
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)1,1843,791 
Operating income (loss):(52,887)(91,233)(87,854)(43,747)(36,625)37,930
Nonoperating income2,15032,09532,5222,0431,5781,778
Investment income, nonoperating290110901261,2701,167
Other nonoperating income1,86031,98532,4321,917308611
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)40094(5,617)12,0393,570(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
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.

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