Minerals Technologies Inc. (MTX) financial statements (2021 and earlier)

Company profile

Business Address 622 THIRD AVENUE
NEW YORK, NY 10017-6707
State of Incorp. DE
Fiscal Year End December 31
SIC 281 - Industrial Inorganic Chemicals (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 investments243213215191232250506
Cash and cash equivalents242209212189229250490
Short-term investments24323116
Receivables376387383341349413204
Inventory, net of allowances, customer advances and progress billings25323921918719521289
Inventory25323921918719521289
Prepaid expense353230282526 
Deferred tax assets    204
Other current assets11554324 
Other undisclosed current assets     (20)11
Total current assets:919876852751804925815
Noncurrent Assets
Property, plant and equipment1,0531,1031,0611,0521,1041,182306
Long-term investments and receivables 181614815 
Long-term investments 181614815 
Intangible assets, net (including goodwill)1,0101,02797698399498358
Goodwill80781277977978177164
Intangible assets, net (excluding goodwill)203214197204213212(6)
Deferred income tax assets23
Other noncurrent assets107555650488132
Deferred tax assets, net    (259)16
Other undisclosed noncurrent assets 9101322300(10)
Total noncurrent assets:2,1932,2112,1182,1122,1762,302402
TOTAL ASSETS:3,1133,0872,9702,8632,9803,2271,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities218219243228234271140
Accounts payable16316917914515217095
Employee-related liabilities51485561657438
Taxes payable4282217277
Debt103109101310614
Asset retirement obligation     20
Other liabilities77555755757627
Other undisclosed current liabilities     (2)(0)
Total current liabilities:399382310296319353181
Noncurrent Liabilities
Long-term debt and lease obligation8249089601,0701,2551,45675
Long-term debt, excluding current maturities8249089601,0701,2551,45675
Liabilities, other than long-term debt455412422467468550102
Pension and other postretirement defined benefit plans, liabilities58
Asset retirement obligations     2114
Deferred tax liabilities, net197159239252315 
Deferred income tax liabilities181
Liability, pension and other postretirement and postemployment benefits149124155147142147
Other liabilities1269110781756829
Other undisclosed noncurrent liabilities     (21)(14)
Total noncurrent liabilities:1,2801,3201,3811,5371,7241,985162
Total liabilities:1,6781,7021,6911,8332,0422,338343
Stockholders' equity
Stockholders' equity attributable to parent1,4031,3541,2521,007911863848
Common stock5555555
Treasury stock, value(660)(619)(597)(596)(594)(594)(594)
Additional paid in capital442432423400388373361
Accumulated other comprehensive loss(290)(234)(186)(221)(181)(113)(31)
Retained earnings1,9061,7691,6071,4191,2931,1921,106
Stockholders' equity attributable to noncontrolling interest32322724272627
Total stockholders' equity:1,4351,3851,2791,031938889874
TOTAL LIABILITIES AND EQUITY:3,1133,0872,9702,8632,9803,2271,218

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
Revenues1,7911,8081,6761,6381,7981,7251,021
Revenue, net1,6761,6381,7981,7251,018
Cost of revenue
(Cost of Goods and Services Sold)
(1,350)(1,346)(1,209)(1,178)(1,327)(1,290)(785)
Other undisclosed gross profit      (3)
Gross profit:441461467460471435234
Operating expenses(232)(206)(225)(240)(271)(292)(112)
Other operating expense, net
(Noninterest Income, Other Operating Income)
      (3)
Other undisclosed operating income     268
Operating income:209256243221200169127
Nonoperating expense(51)(52)(52)(51)(68)(46)(3)
Investment income, nonoperating      3
Foreign currency transaction loss, before tax      (2)
Other nonoperating income (expense)(8)(2)(5)4(2)2(1)
Interest and debt expense(43)(46)(43)(54)(5)(48)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes434643545483
Income from continuing operations before equity method investments, income taxes:157204191170133123124
Income from equity method investments242221 
Income from continuing operations before income taxes:159208192172134124124
Income tax expense (benefit)(23)(34)7(35)(23)(31)(35)
Income from continuing operations:1361731991371129389
Income (loss) from discontinued operations     2(6)
Net income:1361731991371129683
Net loss attributable to noncontrolling interest(4)(4)(4)(4)(4)(3)(3)
Net income available to common stockholders, diluted:1331691951331089280

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:1361731991371129683
Other comprehensive income (loss)(46)(49)37(42)(69)(83) 
Other undisclosed comprehensive income      18
Comprehensive income:91124236954213102
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(2)(5)(2)(2)(2)(1)
Comprehensive income, net of tax, attributable to parent:87121230934011100

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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