$MAS
MASCO CORP /DE/

2012 Q4 Form 10-Q Financial Statement

#000119312512443542 Filed on October 31, 2012

View on sec.gov

Income Statement

Concept 2012 Q4 2012 Q3 2011 Q3
Revenue $1.831B $1.913B $1.896B
YoY Change 10.5% 0.9% -3.12%
Cost Of Revenue $1.380B $1.413B $1.483B
YoY Change -1.85% -4.72% 1.37%
Gross Profit $451.0M $500.0M $493.0M
YoY Change 31.87% 1.42% -0.2%
Gross Profit Margin 24.63% 26.14% 26.0%
Selling, General & Admin $375.0M $391.0M $380.0M
YoY Change 2.46% 2.89% -3.06%
% of Gross Profit 83.15% 78.2% 77.08%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $214.0M
YoY Change -18.63%
% of Gross Profit 47.45%
Operating Expenses $375.0M $391.0M $380.0M
YoY Change 2.46% 2.89% -3.06%
Operating Profit $76.00M $108.0M $114.0M
YoY Change -416.67% -5.26% 11.76%
Interest Expense -$57.00M $62.00M $63.00M
YoY Change -8.06% -1.59% -205.0%
% of Operating Profit -75.0% 57.41% 55.26%
Other Income/Expense, Net -$53.00M -$50.00M -$41.00M
YoY Change 21.95% 925.0%
Pretax Income -$22.00M $58.00M $73.00M
YoY Change -96.29% -20.55% 92.11%
Income Tax $37.00M $16.00M $4.000M
% Of Pretax Income 27.59% 5.48%
Net Earnings -$87.00M $15.00M $36.00M
YoY Change -84.82% -58.33% -820.0%
Net Earnings / Revenue -4.75% 0.78% 1.9%
Basic Earnings Per Share -$0.25 $0.04 $0.10
Diluted Earnings Per Share -$0.25 $0.04 $0.10
COMMON SHARES
Basic Shares Outstanding 357.1M shares 349.0M shares 348.0M shares
Diluted Shares Outstanding 350.0M shares 348.0M shares

Balance Sheet

Concept 2012 Q4 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.351B $1.166B $1.610B
YoY Change -18.42% -27.58% 4.75%
Cash & Equivalents $1.040B $889.0M $1.610B
Short-Term Investments $311.0M
Other Short-Term Assets $207.0M $103.0M $118.0M
YoY Change 130.0% -12.71% -59.03%
Inventory $726.0M $830.0M $850.0M
Prepaid Expenses
Receivables $71.00M $1.156B $1.133B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.217B $3.255B $3.711B
YoY Change -6.18% -12.29% -0.59%
LONG-TERM ASSETS
Property, Plant & Equipment $1.326B $1.484B $1.656B
YoY Change -8.8% -10.39% -9.9%
Goodwill $1.894B $1.891B
YoY Change 0.16%
Intangibles $151.0M $193.0M
YoY Change -22.96%
Long-Term Investments
YoY Change
Other Assets $192.0M $191.0M $202.0M
YoY Change -8.13% -5.45% -33.11%
Total Long-Term Assets $3.666B $3.761B $4.501B
YoY Change -5.22% -16.44% -18.46%
TOTAL ASSETS
Total Short-Term Assets $3.217B $3.255B $3.711B
Total Long-Term Assets $3.666B $3.761B $4.501B
Total Assets $6.883B $7.016B $8.212B
YoY Change -5.67% -14.56% -11.25%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $788.0M $866.0M $866.0M
YoY Change 8.39% 0.0% 33.23%
Accrued Expenses $823.0M $884.0M $813.0M
YoY Change 7.44% 8.73% -3.44%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $206.0M $207.0M $806.0M
YoY Change -74.35% -74.32% 1121.21%
Total Short-Term Liabilities $1.862B $1.967B $2.485B
YoY Change -21.2% -20.85% 59.5%
LONG-TERM LIABILITIES
Long-Term Debt $3.422B $3.422B $3.224B
YoY Change 6.21% 6.14% -20.12%
Other Long-Term Liabilities $4.000M
YoY Change
Total Long-Term Liabilities $3.422B $3.422B $3.224B
YoY Change 6.21% 6.14% -20.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.862B $1.967B $2.485B
Total Long-Term Liabilities $3.422B $3.422B $3.224B
Total Liabilities $6.341B $6.342B $6.945B
YoY Change -3.26% -8.68% 2.92%
SHAREHOLDERS EQUITY
Retained Earnings -$102.0M -$15.00M
YoY Change -368.42%
Common Stock $365.0M $383.0M
YoY Change -11.62%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $322.0M $467.0M $1.267B
YoY Change
Total Liabilities & Shareholders Equity $6.875B $7.016B $8.212B
YoY Change -5.78% -14.56% -11.25%

Cashflow Statement

Concept 2012 Q4 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income -$87.00M $15.00M $36.00M
YoY Change -84.82% -58.33% -820.0%
Depreciation, Depletion And Amortization $214.0M
YoY Change -18.63%
Cash From Operating Activities $191.0M $94.00M $126.0M
YoY Change 32.64% -25.4% -25.44%
INVESTING ACTIVITIES
Capital Expenditures -$39.00M -$28.00M -$39.00M
YoY Change -13.33% -28.21% 50.0%
Acquisitions
YoY Change
Other Investing Activities $27.00M $26.00M $26.00M
YoY Change -485.71% 0.0% 333.33%
Cash From Investing Activities -$12.00M -$17.00M -$13.00M
YoY Change -76.92% 30.77% -35.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -28.00M -771.0M -85.00M
YoY Change -3.45% 807.06% 203.57%
NET CHANGE
Cash From Operating Activities 191.0M 94.00M 126.0M
Cash From Investing Activities -12.00M -$17.00M -13.00M
Cash From Financing Activities -28.00M -771.0M -85.00M
Net Change In Cash 151.0M -$17.00M 28.00M
YoY Change 139.68% -160.71% -76.86%
FREE CASH FLOW
Cash From Operating Activities $191.0M $94.00M $126.0M
Capital Expenditures -$39.00M -$28.00M -$39.00M
Free Cash Flow $230.0M $122.0M $165.0M
YoY Change 21.69% -26.06% -15.38%

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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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dei Document Type
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dei Document Period End Date
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dei Entity Central Index Key
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dei Current Fiscal Year End Date
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dei Trading Symbol
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dei Entity Registrant Name
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MASCO CORP /DE/
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