$MGRC
MCGRATH RENTCORP

2017 Q2 Form 10-Q Financial Statement

#000156459018018097 Filed on July 31, 2018

View on sec.gov

Income Statement

Concept 2017 Q2
Revenue $109.6M
YoY Change 6.28%
Cost Of Revenue $12.78M
YoY Change -78.45%
Gross Profit $49.21M
YoY Change 12.47%
Gross Profit Margin 44.91%
Selling, General & Admin $27.40M
YoY Change 6.61%
% of Gross Profit 55.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $19.40M
YoY Change -5.37%
% of Gross Profit 39.42%
Operating Expenses $27.30M
YoY Change 6.23%
Operating Profit $21.85M
YoY Change 20.88%
Interest Expense -$2.900M
YoY Change -6.45%
% of Operating Profit -13.27%
Other Income/Expense, Net
YoY Change
Pretax Income $18.91M
YoY Change 26.0%
Income Tax $7.447M
% Of Pretax Income 39.39%
Net Earnings $11.46M
YoY Change 26.24%
Net Earnings / Revenue 10.46%
Basic Earnings Per Share $0.48
Diluted Earnings Per Share $0.48
COMMON SHARES
Basic Shares Outstanding 23.99M
Diluted Shares Outstanding 24.09M

Balance Sheet

Concept 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.900M
YoY Change 58.33%
Cash & Equivalents $1.871M
Short-Term Investments
Other Short-Term Assets $34.40M
YoY Change 9.55%
Inventory
Prepaid Expenses
Receivables $96.50M
Other Receivables $0.00
Total Short-Term Assets $132.8M
YoY Change 3.35%
LONG-TERM ASSETS
Property, Plant & Equipment $118.1M
YoY Change -87.98%
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
YoY Change -0.22%
TOTAL ASSETS
Total Short-Term Assets $132.8M
Total Long-Term Assets $1.017B
Total Assets $1.150B
YoY Change 0.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $82.30M
YoY Change 11.52%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $82.30M
YoY Change 11.52%
LONG-TERM LIABILITIES
Long-Term Debt $330.3M
YoY Change -9.03%
Other Long-Term Liabilities $42.50M
YoY Change 10.97%
Total Long-Term Liabilities $372.8M
YoY Change -7.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $82.30M
Total Long-Term Liabilities $372.8M
Total Liabilities $747.8M
YoY Change -2.22%
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
YoY Change
Total Liabilities & Shareholders Equity $1.150B
YoY Change 0.18%

Cashflow Statement

Concept 2017 Q2
OPERATING ACTIVITIES
Net Income $11.46M
YoY Change 26.24%
Depreciation, Depletion And Amortization $19.40M
YoY Change -5.37%
Cash From Operating Activities $23.60M
YoY Change -28.27%
INVESTING ACTIVITIES
Capital Expenditures -$34.00M
YoY Change 10.75%
Acquisitions
YoY Change
Other Investing Activities $10.60M
YoY Change 51.43%
Cash From Investing Activities -$23.50M
YoY Change -1.26%
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
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities 23.60M
Cash From Investing Activities -23.50M
Cash From Financing Activities 0.000
Net Change In Cash 100.0K
YoY Change -50.0%
FREE CASH FLOW
Cash From Operating Activities $23.60M
Capital Expenditures -$34.00M
Free Cash Flow $57.60M
YoY Change -9.43%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
35880000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
34621000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
18282000
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
17374000
CY2018Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
18103000
CY2017Q2 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
17242000
CY2018Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11181000
CY2017Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
12778000
us-gaap Profit Loss
ProfitLoss
30378000
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
39000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
15000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-596000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
14938000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-365000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
4854000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
5034000
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-388000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
53765000
us-gaap Payments To Acquire Equipment On Lease
PaymentsToAcquireEquipmentOnLease
58662000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6417000
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
19212000
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
16057000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-53000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1019000
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1871000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45867000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-39684000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
31431000
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
23996000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
20000000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
20000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
319000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12390000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-5862000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8713000
us-gaap Interest Paid Net
InterestPaidNet
6123000
us-gaap Interest Paid Net
InterestPaidNet
5817000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
18141000
CY2017Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
6214000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
6359000
CY2018Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15311000
CY2017Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
15311000
mgrc Revenue Credit Period For Customers
RevenueCreditPeriodForCustomers
P30D
CY2018Q2 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
1200000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
3500000
mgrc Products Warranty Period For Rental Equipment
ProductsWarrantyPeriodForRentalEquipment
P90D
mgrc Products Warranty Period For Equipment Manufactured
ProductsWarrantyPeriodForEquipmentManufactured
P1Y
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
439000
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
107000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
443000
CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
306000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10000
CY2018Q2 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
5700000
CY2017Q4 us-gaap Indefinite Lived Trade Names
IndefiniteLivedTradeNames
5700000
CY2018Q2 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
9611000
CY2017Q4 us-gaap Finite Lived Customer Relationships Gross
FiniteLivedCustomerRelationshipsGross
9611000
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8022000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7587000
us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P11Y
CY2017 us-gaap Asset Impairment Charges
AssetImpairmentCharges
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
500000
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
900000
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
200000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
33623000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5991000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
59458000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
29757000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-5738000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
49599000
CY2017Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
96539000
CY2017Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1342222000
CY2017Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
863207000

Files In Submission

Name View Source Status
0001564590-18-018097-index-headers.html Edgar Link pending
0001564590-18-018097-index.html Edgar Link pending
0001564590-18-018097.txt Edgar Link pending
0001564590-18-018097-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
mgrc-10q_20180630.htm Edgar Link pending
mgrc-20180630.xml Edgar Link completed
mgrc-20180630.xsd Edgar Link pending
mgrc-20180630_cal.xml Edgar Link unprocessable
mgrc-20180630_def.xml Edgar Link unprocessable
mgrc-20180630_lab.xml Edgar Link unprocessable
mgrc-20180630_pre.xml Edgar Link unprocessable
mgrc-ex151_8.htm Edgar Link pending
mgrc-ex311_6.htm Edgar Link pending
mgrc-ex312_7.htm Edgar Link pending
mgrc-ex321_9.htm Edgar Link pending
mgrc-ex322_10.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending