$MGRC
MCGRATH RENTCORP

2021 Q2 Form 10-Q Financial Statement

#000156459021040206 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $146.4M $137.7M $129.5M
YoY Change 6.36% 8.03% 6.1%
Cost Of Revenue $80.57M $74.40M $67.80M
YoY Change 8.29% 10.13% 4.3%
Gross Profit $65.87M $63.23M $61.66M
YoY Change 4.17% 5.6% 8.16%
Gross Profit Margin 44.98% 45.93% 47.63%
Selling, General & Admin $36.26M $30.50M $31.95M
YoY Change 18.89% -1.02% 7.61%
% of Gross Profit 55.05% 48.24% 51.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.06M $23.80M $23.86M
YoY Change 13.69% 8.18% 13.09%
% of Gross Profit 41.08% 37.64% 38.7%
Operating Expenses $36.26M $30.60M $31.95M
YoY Change 18.5% -0.7% 7.61%
Operating Profit $29.61M $32.69M $29.70M
YoY Change -9.44% 12.48% 8.76%
Interest Expense -$2.259M -$2.100M -$3.100M
YoY Change 7.57% -32.26% 0.0%
% of Operating Profit -7.63% -6.42% -10.44%
Other Income/Expense, Net
YoY Change
Pretax Income $27.35M $30.63M $26.61M
YoY Change -10.7% 17.95% 9.74%
Income Tax $6.739M $8.100M $6.455M
% Of Pretax Income 24.64% 26.45% 24.25%
Net Earnings $20.61M $22.55M $20.16M
YoY Change -8.61% 15.71% 9.27%
Net Earnings / Revenue 14.07% 16.38% 15.57%
Basic Earnings Per Share $0.85 $0.93 $0.83
Diluted Earnings Per Share $0.84 $0.92 $0.81
COMMON SHARES
Basic Shares Outstanding 24.23M 24.12M 24.29M
Diluted Shares Outstanding 24.49M 24.47M 24.74M

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.412M $700.0K $300.0K
YoY Change 244.57% -53.33% -78.57%
Cash & Equivalents $2.412M $694.0K $342.0K
Short-Term Investments
Other Short-Term Assets $57.50M $47.00M $45.00M
YoY Change 22.34% -11.49% 3.93%
Inventory
Prepaid Expenses
Receivables $140.9M $125.9M $125.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $200.8M $173.6M $171.1M
YoY Change 15.68% -1.14% 4.27%
LONG-TERM ASSETS
Property, Plant & Equipment $1.212B $133.6M $132.1M
YoY Change 806.85% 5.28% -87.31%
Goodwill $28.20M $28.20M
YoY Change 1.4%
Intangibles $51.17M $7.223M $7.279M
YoY Change 608.42% 6.11%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.395B $1.139B $1.143B
YoY Change 22.52% 3.09% 6.3%
TOTAL ASSETS
Total Short-Term Assets $200.8M $173.6M $171.1M
Total Long-Term Assets $1.395B $1.139B $1.143B
Total Assets $1.596B $1.312B $1.314B
YoY Change 21.62% 2.51% 6.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.9M $116.8M $104.0M
YoY Change 24.06% 6.76% 0.97%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $144.9M $116.8M $104.0M
YoY Change 24.06% 6.76% 0.97%
LONG-TERM LIABILITIES
Long-Term Debt $472.7M $272.1M $291.5M
YoY Change 73.72% -9.87% 0.69%
Other Long-Term Liabilities $56.96M $60.80M $61.90M
YoY Change -6.31% -8.71% 6.36%
Total Long-Term Liabilities $529.7M $332.9M $353.4M
YoY Change 59.1% -9.66% 1.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $144.9M $116.8M $104.0M
Total Long-Term Liabilities $529.7M $332.9M $353.4M
Total Liabilities $897.9M $668.5M $676.8M
YoY Change 34.32% -2.82% 2.7%
SHAREHOLDERS EQUITY
Retained Earnings $537.8M $530.6M
YoY Change 10.33%
Common Stock $106.0M $107.0M
YoY Change 0.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $698.1M $643.8M $637.6M
YoY Change
Total Liabilities & Shareholders Equity $1.596B $1.312B $1.314B
YoY Change 21.62% 2.51% 6.04%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $20.61M $22.55M $20.16M
YoY Change -8.61% 15.71% 9.27%
Depreciation, Depletion And Amortization $27.06M $23.80M $23.86M
YoY Change 13.69% 8.18% 13.09%
Cash From Operating Activities $60.38M $51.80M $45.68M
YoY Change 16.57% 13.85% -1.77%
INVESTING ACTIVITIES
Capital Expenditures -$42.17M -$25.90M $3.196M
YoY Change 62.83% -55.19% 16.09%
Acquisitions
YoY Change
Other Investing Activities -$270.1M $11.50M $10.40M
YoY Change -2448.41% 26.37% 13.04%
Cash From Investing Activities -$312.3M -$14.30M -$28.21M
YoY Change 2084.2% -70.64% 2.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $7.852M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 252.1M -37.20M -19.51M
YoY Change -777.6% -1227.27% 3.21%
NET CHANGE
Cash From Operating Activities 60.38M 51.80M 45.68M
Cash From Investing Activities -312.3M -14.30M -28.21M
Cash From Financing Activities 252.1M -37.20M -19.51M
Net Change In Cash 107.0K 300.0K -2.000M
YoY Change -64.33% 200.0% 2930.3%
FREE CASH FLOW
Cash From Operating Activities $60.38M $51.80M $45.68M
Capital Expenditures -$42.17M -$25.90M $3.196M
Free Cash Flow $102.6M $77.70M $42.49M
YoY Change 31.99% -24.78% -2.9%

Facts In Submission

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