$MGRC
MCGRATH RENTCORP

2017 Q2 Form 10-Q Financial Statement

#000156459017014892 Filed on August 02, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $109.6M $103.1M
YoY Change 6.28% 7.37%
Cost Of Revenue $12.78M $59.30M
YoY Change -78.45% 7.61%
Gross Profit $49.21M $43.76M
YoY Change 12.47% 6.94%
Gross Profit Margin 44.91% 42.44%
Selling, General & Admin $27.40M $25.70M
YoY Change 6.61% 5.1%
% of Gross Profit 55.68% 58.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.40M $20.50M
YoY Change -5.37% -3.76%
% of Gross Profit 39.42% 46.85%
Operating Expenses $27.30M $25.70M
YoY Change 6.23% 5.1%
Operating Profit $21.85M $18.07M
YoY Change 20.88% 9.77%
Interest Expense -$2.900M -$3.100M
YoY Change -6.45% 29.17%
% of Operating Profit -13.27% -17.15%
Other Income/Expense, Net
YoY Change
Pretax Income $18.91M $15.01M
YoY Change 26.0% 6.93%
Income Tax $7.447M $5.900M
% Of Pretax Income 39.39% 39.32%
Net Earnings $11.46M $9.079M
YoY Change 26.24% 6.94%
Net Earnings / Revenue 10.46% 8.81%
Basic Earnings Per Share $0.48 $0.38
Diluted Earnings Per Share $0.48 $0.38
COMMON SHARES
Basic Shares Outstanding 23.99M 23.90M
Diluted Shares Outstanding 24.09M 23.95M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.900M $1.200M
YoY Change 58.33% 71.43%
Cash & Equivalents $1.871M $1.238M
Short-Term Investments
Other Short-Term Assets $34.40M $31.40M
YoY Change 9.55% -5.99%
Inventory
Prepaid Expenses
Receivables $96.50M $95.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $132.8M $128.5M
YoY Change 3.35% 0.31%
LONG-TERM ASSETS
Property, Plant & Equipment $118.1M $982.7M
YoY Change -87.98% 789.95%
Goodwill $27.81M
YoY Change
Intangibles $8.159M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.017B $1.020B
YoY Change -0.22% 1.48%
TOTAL ASSETS
Total Short-Term Assets $132.8M $128.5M
Total Long-Term Assets $1.017B $1.020B
Total Assets $1.150B $1.148B
YoY Change 0.18% 1.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.30M $73.80M
YoY Change 11.52% -3.66%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.30M $73.80M
YoY Change 11.52% -3.66%
LONG-TERM LIABILITIES
Long-Term Debt $330.3M $363.1M
YoY Change -9.03% 7.68%
Other Long-Term Liabilities $42.50M $38.30M
YoY Change 10.97% 28.96%
Total Long-Term Liabilities $372.8M $401.4M
YoY Change -7.13% 9.4%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.30M $73.80M
Total Long-Term Liabilities $372.8M $401.4M
Total Liabilities $747.8M $764.7M
YoY Change -2.22% 8.33%
SHAREHOLDERS EQUITY
Retained Earnings $299.5M
YoY Change
Common Stock $103.0M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $402.4M $383.3M
YoY Change
Total Liabilities & Shareholders Equity $1.150B $1.148B
YoY Change 0.18% 1.35%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $11.46M $9.079M
YoY Change 26.24% 6.94%
Depreciation, Depletion And Amortization $19.40M $20.50M
YoY Change -5.37% -3.76%
Cash From Operating Activities $23.60M $32.90M
YoY Change -28.27% 7.52%
INVESTING ACTIVITIES
Capital Expenditures -$34.00M -$30.70M
YoY Change 10.75% -30.39%
Acquisitions
YoY Change
Other Investing Activities $10.60M $7.000M
YoY Change 51.43% 22.81%
Cash From Investing Activities -$23.50M -$23.80M
YoY Change -1.26% -38.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 -8.900M
YoY Change -100.0% -214.1%
NET CHANGE
Cash From Operating Activities 23.60M 32.90M
Cash From Investing Activities -23.50M -23.80M
Cash From Financing Activities 0.000 -8.900M
Net Change In Cash 100.0K 200.0K
YoY Change -50.0% -21474836480001490.0%
FREE CASH FLOW
Cash From Operating Activities $23.60M $32.90M
Capital Expenditures -$34.00M -$30.70M
Free Cash Flow $57.60M $63.60M
YoY Change -9.43% -14.86%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CommonStockValue
103040000
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
11461000
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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18908000
CY2017Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
11000
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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23985000
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Increase Decrease In Income Taxes Receivable
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CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Deferred Income Taxes
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-587000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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2863000
CY2017Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
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CY2017Q2 mgrc Relocatable Modular Buildings
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CY2017Q2 us-gaap Liabilities
Liabilities
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us-gaap Provision For Doubtful Accounts
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Amortization Of Financing Costs
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Amortization Of Financing Costs
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Proceeds From Sale Of Machinery And Equipment
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Increase Decrease In Deferred Revenue
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5034000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2061000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-6105000
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
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us-gaap Payments To Acquire Machinery And Equipment
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45715000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
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us-gaap Payments Of Dividends Common Stock
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-11000
CY2017Q2 us-gaap Prepaid Expense And Other Assets
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CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2017Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
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CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
11442000
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24092000
CY2017Q2 mgrc Liquid And Solid Containment Tanks And Boxes
LiquidAndSolidContainmentTanksAndBoxes
309784000
CY2017Q2 us-gaap Goodwill
Goodwill
27808000
CY2017Q2 us-gaap Property Subject To Or Available For Operating Lease Net
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863207000
CY2017Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2017Q2 us-gaap Assets
Assets
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CY2017Q2 mgrc Electronic Test Equipment
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249935000
CY2017Q2 us-gaap Property Plant And Equipment Net
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CY2017Q2 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
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CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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us-gaap Depreciation Depletion And Amortization
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CY2017Q2 us-gaap Common Stock Shares Issued
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us-gaap Share Based Compensation
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us-gaap Gain Loss On Sale Of Properties
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CY2017Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2017Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2017Q2 us-gaap Stockholders Equity
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CY2017Q2 us-gaap Liabilities And Stockholders Equity
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CY2017Q2 us-gaap Allowance For Doubtful Accounts Receivable
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CY2017Q2 us-gaap Common Stock No Par Value
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CY2017Q2 us-gaap Common Stock Shares Authorized
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CY2017Q2 us-gaap Deferred Revenue
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CY2017Q2 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
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CY2017Q2 us-gaap Deferred Tax Liabilities
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CY2017Q2 us-gaap Notes Payable
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Income Taxes Paid Net
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
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us-gaap Cash And Cash Equivalents Period Increase Decrease
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us-gaap Interest Paid
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us-gaap Interest Paid
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us-gaap Income Taxes Paid Net
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2016Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2016Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2017Q2 us-gaap Indefinite Lived Trade Names
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CY2016Q4 us-gaap Indefinite Lived Trade Names
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us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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CY2017Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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us-gaap Number Of Reportable Segments
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us-gaap Interest Income Expense Net
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mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
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us-gaap Interest Income Expense Net
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CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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107000

Files In Submission

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0001564590-17-014892-index-headers.html Edgar Link pending
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mgrc-10q_20170630.htm Edgar Link pending
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mgrc-ex151_6.htm Edgar Link pending
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