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)

12/31/2020
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 investments372243213215191232250
Cash and cash equivalents368242209212189229250
Short-term investments4243231
Receivables369376387383341349413
Inventory, net of allowances, customer advances and progress billings248253239219187195212
Inventory248253239219187195212
Prepaid expense35353230282526
Deferred tax assets    20
Other current assets911554324
Other undisclosed current assets      (20)
Total current assets:1,034919876852751804925
Noncurrent Assets
Property, plant and equipment1,0401,0531,1031,0611,0521,1041,182
Long-term investments and receivables  181614815
Long-term investments  181614815
Intangible assets, net (including goodwill)1,0041,0101,027976983994983
Goodwill809807812779779781771
Intangible assets, net (excluding goodwill)196203214197204213212
Deferred income tax assets2523
Other noncurrent assets1071075556504881
Deferred tax assets, net    (259)
Other undisclosed noncurrent assets  9101322300
Total noncurrent assets:2,1762,1932,2112,1182,1122,1762,302
TOTAL ASSETS:3,2093,1133,0872,9702,8632,9803,227
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities217218219243228234271
Accounts payable148163169179145152170
Employee-related liabilities60514855616574
Taxes payable9428221727
Debt11031091013106
Asset retirement obligation      2
Other liabilities78775557557576
Other undisclosed current liabilities      (2)
Total current liabilities:296399382310296319353
Noncurrent Liabilities
Long-term debt and lease obligation9338249089601,0701,2551,456
Long-term debt, excluding current maturities9338249089601,0701,2551,456
Liabilities, other than long-term debt482455412422467468550
Asset retirement obligations      21
Deferred tax liabilities, net197159239252315
Deferred income tax liabilities164181
Liability, pension and other postretirement and postemployment benefits179149124155147142147
Other liabilities13912691107817568
Other undisclosed noncurrent liabilities      (21)
Total noncurrent liabilities:1,4151,2801,3201,3811,5371,7241,985
Total liabilities:1,7111,6781,7021,6911,8332,0422,338
Stockholders' equity
Stockholders' equity attributable to parent1,4611,4031,3541,2521,007911863
Common stock5555555
Treasury stock, value(700)(660)(619)(597)(596)(594)(594)
Additional paid in capital453442432423400388373
Accumulated other comprehensive loss(308)(290)(234)(186)(221)(181)(113)
Retained earnings2,0111,9061,7691,6071,4191,2931,192
Stockholders' equity attributable to noncontrolling interest38323227242726
Total stockholders' equity:1,4991,4351,3851,2791,031938889
TOTAL LIABILITIES AND EQUITY:3,2093,1133,0872,9702,8632,9803,227

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
Revenues1,5951,7911,8081,6761,6381,7981,725
Revenue, net1,6761,6381,7981,725
Cost of revenue
(Cost of Goods and Services Sold)
(1,189)(1,350)(1,346)(1,209)(1,178)(1,327)(1,290)
Gross profit:405441461467460471435
Operating expenses(217)(232)(206)(225)(240)(271)(292)
Other undisclosed operating income (loss)(1)     26
Operating income:188209256243221200169
Nonoperating expense(50)(51)(52)(52)(51)(68)(46)
Other nonoperating income (expense)(5)(8)(2)(5)4(2)2
Interest and debt expense(38)(43)(46)(43)(54)(5)(48)
Other undisclosed income from continuing operations before equity method investments, income taxes3843464354548
Income from continuing operations before equity method investments, income taxes:138157204191170133123
Income from equity method investments2242221
Income from continuing operations before income taxes:140159208192172134124
Income tax expense (benefit)(24)(23)(34)7(35)(23)(31)
Income from continuing operations:11613617319913711293
Income from discontinued operations      2
Net income:11613617319913711296
Net loss attributable to noncontrolling interest(3)(4)(4)(4)(4)(4)(3)
Net income available to common stockholders, diluted:11213316919513310892

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:11613617319913711296
Other comprehensive income (loss)(16)(46)(49)37(42)(69)(83)
Comprehensive income:10091124236954213
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(4)(2)(5)(2)(2)(2)
Comprehensive income, net of tax, attributable to parent:9487121230934011

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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