Minerals Technologies Inc. (MTX) financial statements (2022 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)

12/31/2021
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 investments304372243213215191232
Cash and cash equivalents300368242209212189229
Short-term investments5424323
Receivables368369376387383341349
Inventory, net of allowances, customer advances and progress billings298248253239219187195
Inventory298248253239219187195
Prepaid expense41353532302825
Other current assets179115543
Total current assets:1,0291,034919876852751804
Noncurrent Assets
Property, plant and equipment1,0491,0401,0531,1031,0611,0521,104
Long-term investments and receivables   1816148
Long-term investments   1816148
Intangible assets, net (including goodwill)1,1591,0041,0101,027976983994
Goodwill908809807812779779781
Intangible assets, net (excluding goodwill)252196203214197204213
Deferred income tax assets232523
Other noncurrent assets11510710755565048
Other undisclosed noncurrent assets   9101322
Total noncurrent assets:2,3462,1762,1932,2112,1182,1122,176
TOTAL ASSETS:3,3743,2093,1133,0872,9702,8632,980
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities254217218219243228234
Accounts payable196148163169179145152
Employee-related liabilities58605148556165
Taxes payable 94282217
Debt811103109101310
Other liabilities85787755575575
Total current liabilities:420296399382310296319
Noncurrent Liabilities
Long-term debt and lease obligation9369338249089601,0701,255
Long-term debt, excluding current maturities9369338249089601,0701,255
Liabilities, other than long-term debt439482455412422467468
Deferred tax liabilities, net197159239252
Deferred income tax liabilities188164181
Liability, pension and other postretirement and postemployment benefits114179149124155147142
Other liabilities136139126911078175
Total noncurrent liabilities:1,3751,4151,2801,3201,3811,5371,724
Total liabilities:1,7951,7111,6781,7021,6911,8332,042
Stockholders' equity
Stockholders' equity attributable to parent1,5391,4611,4031,3541,2521,007911
Common stock5555555
Treasury stock, value(775)(700)(660)(619)(597)(596)(594)
Additional paid in capital474453442432423400388
Accumulated other comprehensive loss(334)(308)(290)(234)(186)(221)(181)
Retained earnings2,1692,0111,9061,7691,6071,4191,293
Stockholders' equity attributable to noncontrolling interest40383232272427
Total stockholders' equity:1,5801,4991,4351,3851,2791,031938
TOTAL LIABILITIES AND EQUITY:3,3743,2093,1133,0872,9702,8632,980

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
Revenues1,8581,5951,7911,8081,6761,6381,798
Revenue, net1,6761,6381,798
Cost of revenue
(Cost of Goods and Services Sold)
(1,412)(1,189)(1,350)(1,346)(1,209)(1,178)(1,327)
Gross profit:447405441461467460471
Operating expenses(210)(217)(232)(206)(225)(240)(271)
Other undisclosed operating loss(0)(1)     
Operating income:236188209256243221200
Nonoperating expense(33)(50)(51)(52)(52)(51)(68)
Other nonoperating income (expense)6(5)(8)(2)(5)4(2)
Interest and debt expense(37)(38)(43)(46)(43)(54)(5)
Other undisclosed income from continuing operations before equity method investments, income taxes3738434643545
Income from continuing operations before equity method investments, income taxes:202138157204191170133
Income from equity method investments3224222
Income from continuing operations before income taxes:205140159208192172134
Income tax expense (benefit)(37)(24)(23)(34)7(35)(23)
Net income:169116136173199137112
Net loss attributable to noncontrolling interest(4)(3)(4)(4)(4)(4)(4)
Net income available to common stockholders, diluted:164112133169195133108

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:169116136173199137112
Other comprehensive income (loss)(25)(16)(46)(49)37(42)(69)
Comprehensive income:143100911242369542
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)(5)(4)(2)(5)(2)(2)
Comprehensive income, net of tax, attributable to parent:13994871212309340

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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