$MGRC
MCGRATH RENTCORP

2017 Q1 Form 10-Q Financial Statement

#000156459018010014 Filed on May 01, 2018

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4
Revenue $94.84M $105.3M
YoY Change 1.21% 0.0%
Cost Of Revenue $51.17M $56.00M
YoY Change -3.54% -4.27%
Gross Profit $43.67M $49.32M
YoY Change 7.42% 5.49%
Gross Profit Margin 46.05% 46.85%
Selling, General & Admin $27.85M $26.60M
YoY Change 5.5% 5.14%
% of Gross Profit 63.77% 53.93%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.41M $19.70M
YoY Change -6.98% -6.19%
% of Gross Profit 44.44% 39.94%
Operating Expenses $27.85M $26.60M
YoY Change 5.5% 5.14%
Operating Profit $15.82M $22.70M
YoY Change 10.97% 5.73%
Interest Expense -$2.600M -$2.900M
YoY Change -23.53% 0.0%
% of Operating Profit -16.43% -12.78%
Other Income/Expense, Net
YoY Change
Pretax Income $13.26M $19.80M
YoY Change 22.17% 6.87%
Income Tax $5.286M $10.10M
% Of Pretax Income 39.87% 51.02%
Net Earnings $7.973M $9.734M
YoY Change 21.43% -15.49%
Net Earnings / Revenue 8.41% 9.25%
Basic Earnings Per Share $0.33 $0.41
Diluted Earnings Per Share $0.33 $0.40
COMMON SHARES
Basic Shares Outstanding 23.95M 23.93M
Diluted Shares Outstanding 24.23M 24.12M

Balance Sheet

Concept 2017 Q1 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.700M $900.0K
YoY Change 54.55% -18.18%
Cash & Equivalents $1.680M $852.0K
Short-Term Investments
Other Short-Term Assets $27.10M $25.60M
YoY Change 1.88% -10.49%
Inventory
Prepaid Expenses
Receivables $92.60M $96.90M
Other Receivables $0.00 $0.00
Total Short-Term Assets $121.4M $123.4M
YoY Change 1.51% -9.26%
LONG-TERM ASSETS
Property, Plant & Equipment $116.2M $112.2M
YoY Change -88.09% 2.22%
Goodwill $27.81M $27.81M
YoY Change 0.0%
Intangibles $8.377M $8.595M
YoY Change -9.19%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.009B $1.005B
YoY Change -0.34% -1.15%
TOTAL ASSETS
Total Short-Term Assets $121.4M $123.4M
Total Long-Term Assets $1.009B $1.005B
Total Assets $1.131B $1.128B
YoY Change -0.14% -2.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $78.80M $78.20M
YoY Change 23.13% 8.76%
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 $78.80M $78.20M
YoY Change 23.13% 8.76%
LONG-TERM LIABILITIES
Long-Term Debt $323.8M $326.3M
YoY Change -11.48% -14.42%
Other Long-Term Liabilities $39.90M $37.50M
YoY Change 8.42% 3.31%
Total Long-Term Liabilities $363.7M $363.8M
YoY Change -9.66% -12.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $78.80M $78.20M
Total Long-Term Liabilities $363.7M $363.8M
Total Liabilities $734.1M $734.0M
YoY Change -2.35% -5.03%
SHAREHOLDERS EQUITY
Retained Earnings $294.3M $292.5M
YoY Change 4.96%
Common Stock $102.5M $101.8M
YoY Change 0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $396.6M $394.3M
YoY Change
Total Liabilities & Shareholders Equity $1.131B $1.128B
YoY Change -0.15% -2.11%

Cashflow Statement

Concept 2017 Q1 2016 Q4
OPERATING ACTIVITIES
Net Income $7.973M $9.734M
YoY Change 21.43% -15.49%
Depreciation, Depletion And Amortization $19.41M $19.70M
YoY Change -6.98% -6.19%
Cash From Operating Activities $25.80M $35.40M
YoY Change -34.68% -18.99%
INVESTING ACTIVITIES
Capital Expenditures $5.835M -$15.20M
YoY Change 562.32% -44.73%
Acquisitions
YoY Change
Other Investing Activities $5.500M $5.400M
YoY Change -9.84% -16.92%
Cash From Investing Activities -$16.20M -$9.900M
YoY Change -7.95% -52.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.700M -25.90M
YoY Change -60.45% 15.63%
NET CHANGE
Cash From Operating Activities 25.80M 35.40M
Cash From Investing Activities -16.20M -9.900M
Cash From Financing Activities -8.700M -25.90M
Net Change In Cash 900.0K -400.0K
YoY Change -1000.0% -200.0%
FREE CASH FLOW
Cash From Operating Activities $25.80M $35.40M
Capital Expenditures $5.835M -$15.20M
Free Cash Flow $19.97M $50.60M
YoY Change -48.3% -28.93%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
289000
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
806000
CY2017Q1 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2943000
CY2018Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
39000
CY2017Q1 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
13000
CY2017Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4036000
CY2018Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
24168000
CY2017Q1 us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
15914000
CY2018Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
971000
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6300000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-10102000
CY2018Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
25000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1947000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
852000
CY2018Q1 us-gaap Interest Paid
InterestPaid
2537000
CY2018Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1572000
CY2018Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
8237000
CY2018Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6930000
CY2018Q1 mgrc Revenue Credit Period For Customers
RevenueCreditPeriodForCustomers
P30D
CY2018Q1 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
2300000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
105085000
CY2017Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94837000
CY2018Q1 mgrc Products Warranty Period For Rental Equipment
ProductsWarrantyPeriodForRentalEquipment
P90D
CY2018Q1 mgrc Products Warranty Period For Equipment Manufactured
ProductsWarrantyPeriodForEquipmentManufactured
P1Y
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
411000
CY2017Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
7000
CY2018Q1 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
5700000
CY2017Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
5700000
CY2018Q1 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
9611000
CY2017Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
9611000
CY2018Q1 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15311000
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15311000
CY2018Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7805000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7587000
CY2018Q1 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
CY2018Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
700000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
900000
CY2018Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
200000
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
CY2018Q1 mgrc Sales And Other Revenue Net
SalesAndOtherRevenueNet
12993000
CY2018Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2992000
CY2018Q1 mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
24692000
CY2017Q1 mgrc Sales And Other Revenue Net
SalesAndOtherRevenueNet
8924000
CY2017Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-2789000
CY2017Q1 mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
20552000
CY2017Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
92552000
CY2017Q1 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1331019000
CY2017Q1 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
856981000

Files In Submission

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0001564590-18-010014-index-headers.html Edgar Link pending
0001564590-18-010014-index.html Edgar Link pending
0001564590-18-010014.txt Edgar Link pending
0001564590-18-010014-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
mgrc-10q_20180331.htm Edgar Link pending
mgrc-20180331.xml Edgar Link completed
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