$MGRC
MCGRATH RENTCORP

2020 Q2 Form 10-Q Financial Statement

#000156459020034288 Filed on July 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q2
Revenue $137.7M
YoY Change 8.03%
Cost Of Revenue $74.40M
YoY Change 10.13%
Gross Profit $63.23M
YoY Change 5.6%
Gross Profit Margin 45.93%
Selling, General & Admin $30.50M
YoY Change -1.02%
% of Gross Profit 48.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.80M
YoY Change 8.18%
% of Gross Profit 37.64%
Operating Expenses $30.60M
YoY Change -0.7%
Operating Profit $32.69M
YoY Change 12.48%
Interest Expense -$2.100M
YoY Change -32.26%
% of Operating Profit -6.42%
Other Income/Expense, Net
YoY Change
Pretax Income $30.63M
YoY Change 17.95%
Income Tax $8.100M
% Of Pretax Income 26.45%
Net Earnings $22.55M
YoY Change 15.71%
Net Earnings / Revenue 16.38%
Basic Earnings Per Share $0.93
Diluted Earnings Per Share $0.92
COMMON SHARES
Basic Shares Outstanding 24.12M
Diluted Shares Outstanding 24.47M

Balance Sheet

Concept 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $700.0K
YoY Change -53.33%
Cash & Equivalents $694.0K
Short-Term Investments
Other Short-Term Assets $47.00M
YoY Change -11.49%
Inventory
Prepaid Expenses
Receivables $125.9M
Other Receivables $0.00
Total Short-Term Assets $173.6M
YoY Change -1.14%
LONG-TERM ASSETS
Property, Plant & Equipment $133.6M
YoY Change 5.28%
Goodwill $28.20M
YoY Change 1.4%
Intangibles $7.223M
YoY Change 6.11%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.139B
YoY Change 3.09%
TOTAL ASSETS
Total Short-Term Assets $173.6M
Total Long-Term Assets $1.139B
Total Assets $1.312B
YoY Change 2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.8M
YoY Change 6.76%
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 $116.8M
YoY Change 6.76%
LONG-TERM LIABILITIES
Long-Term Debt $272.1M
YoY Change -9.87%
Other Long-Term Liabilities $60.80M
YoY Change -8.71%
Total Long-Term Liabilities $332.9M
YoY Change -9.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $116.8M
Total Long-Term Liabilities $332.9M
Total Liabilities $668.5M
YoY Change -2.82%
SHAREHOLDERS EQUITY
Retained Earnings $537.8M
YoY Change 10.33%
Common Stock $106.0M
YoY Change 0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $643.8M
YoY Change
Total Liabilities & Shareholders Equity $1.312B
YoY Change 2.51%

Cashflow Statement

Concept 2020 Q2
OPERATING ACTIVITIES
Net Income $22.55M
YoY Change 15.71%
Depreciation, Depletion And Amortization $23.80M
YoY Change 8.18%
Cash From Operating Activities $51.80M
YoY Change 13.85%
INVESTING ACTIVITIES
Capital Expenditures -$25.90M
YoY Change -55.19%
Acquisitions
YoY Change
Other Investing Activities $11.50M
YoY Change 26.37%
Cash From Investing Activities -$14.30M
YoY Change -70.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -37.20M
YoY Change -1227.27%
NET CHANGE
Cash From Operating Activities 51.80M
Cash From Investing Activities -14.30M
Cash From Financing Activities -37.20M
Net Change In Cash 300.0K
YoY Change 200.0%
FREE CASH FLOW
Cash From Operating Activities $51.80M
Capital Expenditures -$25.90M
Free Cash Flow $77.70M
YoY Change -24.78%

Facts In Submission

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PropertySubjectToOrAvailableForOperatingLeaseGross
1546823000
CY2020Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
969681000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
170801000
mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
45922000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
32724000
us-gaap Revenues
Revenues
249447000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
38687000
us-gaap Gross Profit
GrossProfit
116886000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
60510000
us-gaap Operating Income Loss
OperatingIncomeLoss
56376000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6246000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
50216000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
89940000
CY2019Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
121018000
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1477286000
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
943152000

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