$MAS
MASCO CORP /DE/

2013 Q4 Form 10-Q Financial Statement

#000119312513415880 Filed on October 29, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q3
Revenue $1.998B $2.150B $1.913B
YoY Change 9.12% 12.39% 0.9%
Cost Of Revenue $1.467B $1.543B $1.413B
YoY Change 6.3% 9.2% -4.72%
Gross Profit $531.0M $607.0M $500.0M
YoY Change 17.74% 21.4% 1.42%
Gross Profit Margin 26.58% 28.23% 26.14%
Selling, General & Admin $390.0M $395.0M $391.0M
YoY Change 4.0% 1.02% 2.89%
% of Gross Profit 73.45% 65.07% 78.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $186.0M
YoY Change -13.08%
% of Gross Profit 35.03%
Operating Expenses $390.0M $395.0M $391.0M
YoY Change 4.0% 1.02% 2.89%
Operating Profit $141.0M $212.0M $108.0M
YoY Change 85.53% 96.3% -5.26%
Interest Expense -$51.00M $58.00M $62.00M
YoY Change -10.53% -6.45% -1.59%
% of Operating Profit -36.17% 27.36% 57.41%
Other Income/Expense, Net -$68.00M -$52.00M -$50.00M
YoY Change 28.3% 4.0% 21.95%
Pretax Income $73.00M $160.0M $58.00M
YoY Change -431.82% 175.86% -20.55%
Income Tax $20.00M $38.00M $16.00M
% Of Pretax Income 27.4% 23.75% 27.59%
Net Earnings $45.00M $103.0M $15.00M
YoY Change -151.72% 586.67% -58.33%
Net Earnings / Revenue 2.25% 4.79% 0.78%
Basic Earnings Per Share $0.13 $0.29 $0.04
Diluted Earnings Per Share $0.12 $0.29 $0.04
COMMON SHARES
Basic Shares Outstanding 357.0M shares 349.0M shares 349.0M shares
Diluted Shares Outstanding 352.0M shares 350.0M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.544B $1.288B $1.166B
YoY Change 14.29% 10.46% -27.58%
Cash & Equivalents $1.223B $1.011B $889.0M
Short-Term Investments $321.0M $277.0M
Other Short-Term Assets $155.0M $217.0M $103.0M
YoY Change -25.12% 110.68% -12.71%
Inventory $765.0M $777.0M $830.0M
Prepaid Expenses
Receivables $1.004B $1.211B $1.156B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $3.468B $3.493B $3.255B
YoY Change 7.8% 7.31% -12.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.252B $1.257B $1.484B
YoY Change -5.58% -15.3% -10.39%
Goodwill $1.903B $1.900B $1.891B
YoY Change 0.48% 0.48%
Intangibles $149.0M $149.0M $193.0M
YoY Change -1.32% -22.8%
Long-Term Investments $70.00M
YoY Change
Other Assets $185.0M $187.0M $191.0M
YoY Change -3.65% -2.09% -5.45%
Total Long-Term Assets $3.489B $3.587B $3.761B
YoY Change -4.83% -4.63% -16.44%
TOTAL ASSETS
Total Short-Term Assets $3.468B $3.493B $3.255B
Total Long-Term Assets $3.489B $3.587B $3.761B
Total Assets $6.957B $7.080B $7.016B
YoY Change 1.08% 0.91% -14.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $902.0M $986.0M $866.0M
YoY Change 14.47% 13.86% 0.0%
Accrued Expenses $874.0M $847.0M $884.0M
YoY Change 6.2% -4.19% 8.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.000M $5.000M $207.0M
YoY Change -97.09% -97.58% -74.32%
Total Short-Term Liabilities $1.782B $1.887B $1.967B
YoY Change -4.3% -4.07% -20.85%
LONG-TERM LIABILITIES
Long-Term Debt $3.421B $3.421B $3.422B
YoY Change -0.03% -0.03% 6.14%
Other Long-Term Liabilities $666.0M
YoY Change 16550.0%
Total Long-Term Liabilities $3.421B $3.421B $3.422B
YoY Change -0.03% -0.03% 6.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.782B $1.887B $1.967B
Total Long-Term Liabilities $3.421B $3.421B $3.422B
Total Liabilities $6.170B $6.373B $6.342B
YoY Change -2.7% 0.49% -8.68%
SHAREHOLDERS EQUITY
Retained Earnings $79.00M $36.00M -$15.00M
YoY Change -177.45% -340.0%
Common Stock $365.0M $357.0M $383.0M
YoY Change 0.0% -6.79%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $559.0M $474.0M $467.0M
YoY Change
Total Liabilities & Shareholders Equity $6.957B $7.059B $7.016B
YoY Change 1.19% 0.61% -14.56%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q3
OPERATING ACTIVITIES
Net Income $45.00M $103.0M $15.00M
YoY Change -151.72% 586.67% -58.33%
Depreciation, Depletion And Amortization $186.0M
YoY Change -13.08%
Cash From Operating Activities $295.0M $291.0M $94.00M
YoY Change 54.45% 209.57% -25.4%
INVESTING ACTIVITIES
Capital Expenditures -$38.00M -$29.00M -$28.00M
YoY Change -2.56% 3.57% -28.21%
Acquisitions
YoY Change
Other Investing Activities -$18.00M -$54.00M $26.00M
YoY Change -166.67% -307.69% 0.0%
Cash From Investing Activities -$56.00M -$83.00M -$17.00M
YoY Change 366.67% 388.24% 30.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.00M -229.0M -771.0M
YoY Change -7.14% -70.3% 807.06%
NET CHANGE
Cash From Operating Activities 295.0M 291.0M 94.00M
Cash From Investing Activities -56.00M -83.00M -$17.00M
Cash From Financing Activities -26.00M -229.0M -771.0M
Net Change In Cash 213.0M -21.00M -$17.00M
YoY Change 41.06% 23.53% -160.71%
FREE CASH FLOW
Cash From Operating Activities $295.0M $291.0M $94.00M
Capital Expenditures -$38.00M -$29.00M -$28.00M
Free Cash Flow $333.0M $320.0M $122.0M
YoY Change 44.78% 162.3% -26.06%

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dei Trading Symbol
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dei Entity Registrant Name
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dei Amendment Flag
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dei Entity Filer Category
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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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