$MGRC
MCGRATH RENTCORP

2021 Q3 Form 10-Q Financial Statement

#000156459021052629 Filed on October 28, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2020 Q3 2020 Q2
Revenue $173.3M $156.4M $137.7M
YoY Change 10.77% -9.86% 8.03%
Cost Of Revenue $97.49M $88.20M $74.40M
YoY Change 10.53% -7.45% 10.13%
Gross Profit $75.81M $68.20M $63.23M
YoY Change 11.14% -12.87% 5.6%
Gross Profit Margin 43.74% 43.6% 45.93%
Selling, General & Admin $39.51M $30.90M $30.50M
YoY Change 27.85% -1.9% -1.02%
% of Gross Profit 52.12% 45.31% 48.24%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.49M $23.50M $23.80M
YoY Change 21.23% 2.62% 8.18%
% of Gross Profit 37.58% 34.46% 37.64%
Operating Expenses $39.51M $30.90M $30.60M
YoY Change 27.85% -1.9% -0.7%
Operating Profit $36.30M $37.33M $32.69M
YoY Change -2.77% -20.14% 12.48%
Interest Expense -$3.296M -$1.800M -$2.100M
YoY Change 83.11% -45.45% -32.26%
% of Operating Profit -9.08% -4.82% -6.42%
Other Income/Expense, Net
YoY Change
Pretax Income $32.60M $35.50M $30.63M
YoY Change -8.15% -18.32% 17.95%
Income Tax $9.350M $7.400M $8.100M
% Of Pretax Income 28.68% 20.85% 26.45%
Net Earnings $23.25M $28.10M $22.55M
YoY Change -17.26% -13.45% 15.71%
Net Earnings / Revenue 13.42% 17.96% 16.38%
Basic Earnings Per Share $0.96 $1.17 $0.93
Diluted Earnings Per Share $948.8K $1.15 $0.92
COMMON SHARES
Basic Shares Outstanding 24.25M 24.10M 24.12M
Diluted Shares Outstanding 24.51M 24.44M 24.47M

Balance Sheet

Concept 2021 Q3 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.380M $1.500M $700.0K
YoY Change 58.67% -34.78% -53.33%
Cash & Equivalents $2.380M $1.543M $694.0K
Short-Term Investments
Other Short-Term Assets $59.52M $46.70M $47.00M
YoY Change 27.46% 7.11% -11.49%
Inventory
Prepaid Expenses
Receivables $168.8M $129.4M $125.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $230.7M $177.6M $173.6M
YoY Change 29.92% -3.48% -1.14%
LONG-TERM ASSETS
Property, Plant & Equipment $1.199B $1.082B $133.6M
YoY Change 10.73% 745.78% 5.28%
Goodwill $28.20M
YoY Change 1.4%
Intangibles $48.72M $7.167M $7.223M
YoY Change 579.71% -5.12% 6.11%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.380B $1.118B $1.139B
YoY Change 23.42% -0.4% 3.09%
TOTAL ASSETS
Total Short-Term Assets $230.7M $177.6M $173.6M
Total Long-Term Assets $1.380B $1.118B $1.139B
Total Assets $1.610B $1.295B $1.312B
YoY Change 24.32% -0.83% 2.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $137.3M $108.8M $116.8M
YoY Change 26.2% -2.25% 6.76%
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 $137.3M $108.8M $116.8M
YoY Change 26.2% -2.25% 6.76%
LONG-TERM LIABILITIES
Long-Term Debt $459.5M $250.0M $272.1M
YoY Change 83.79% -17.08% -9.87%
Other Long-Term Liabilities $69.63M $58.60M $60.80M
YoY Change 18.83% -3.62% -8.71%
Total Long-Term Liabilities $529.1M $308.6M $332.9M
YoY Change 71.45% -14.82% -9.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $137.3M $108.8M $116.8M
Total Long-Term Liabilities $529.1M $308.6M $332.9M
Total Liabilities $897.9M $633.8M $668.5M
YoY Change 41.67% -8.08% -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 $712.5M $661.6M $643.8M
YoY Change
Total Liabilities & Shareholders Equity $1.610B $1.295B $1.312B
YoY Change 24.31% -0.83% 2.51%

Cashflow Statement

Concept 2021 Q3 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $23.25M $28.10M $22.55M
YoY Change -17.26% -13.45% 15.71%
Depreciation, Depletion And Amortization $28.49M $23.50M $23.80M
YoY Change 21.23% 2.62% 8.18%
Cash From Operating Activities $38.31M $34.00M $51.80M
YoY Change 12.66% -24.28% 13.85%
INVESTING ACTIVITIES
Capital Expenditures -$30.17M -$10.80M -$25.90M
YoY Change 179.39% -76.92% -55.19%
Acquisitions
YoY Change
Other Investing Activities $15.60M $11.90M $11.50M
YoY Change 31.08% -4.8% 26.37%
Cash From Investing Activities -$14.57M $1.000M -$14.30M
YoY Change -1557.5% -102.92% -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 -23.79M -33.90M -37.20M
YoY Change -29.82% 245.92% -1227.27%
NET CHANGE
Cash From Operating Activities 38.31M 34.00M 51.80M
Cash From Investing Activities -14.57M 1.000M -14.30M
Cash From Financing Activities -23.79M -33.90M -37.20M
Net Change In Cash -60.00K 1.100M 300.0K
YoY Change -105.45% 22.22% 200.0%
FREE CASH FLOW
Cash From Operating Activities $38.31M $34.00M $51.80M
Capital Expenditures -$30.17M -$10.80M -$25.90M
Free Cash Flow $68.48M $44.80M $77.70M
YoY Change 52.85% -51.15% -24.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2021-01-31#ProductMember
us-gaap Type Of Revenue Extensible List
TypeOfRevenueExtensibleList
http://fasb.org/us-gaap/2021-01-31#ProductMember
mgrc Products Warranty Period For Equipment Manufactured
ProductsWarrantyPeriodForEquipmentManufactured
P1Y
CY2021Q3 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
135055000
CY2020Q4 us-gaap Property Plant And Equipment Excluding Lessor Asset Under Operating Lease After Accumulated Depreciation
PropertyPlantAndEquipmentExcludingLessorAssetUnderOperatingLeaseAfterAccumulatedDepreciation
136210000
CY2020Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
7852000
CY2020Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
401000
CY2020Q1 us-gaap Dividends Common Stock
DividendsCommonStock
10219000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
158000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
637604000
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
22549000
CY2020Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1501000
CY2020Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5648000
CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1939000
CY2020Q2 us-gaap Dividends Common Stock
DividendsCommonStock
10194000
CY2020Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-37000
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
643836000
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
28101000
CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1670000
CY2020Q3 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
117000
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
185000
us-gaap Foreign Currency Transaction Loss Before Tax
ForeignCurrencyTransactionLossBeforeTax
189000
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
100000000
us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
40000000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
13617000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4847000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3930000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31635000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
29642000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
200276000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-90649000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-5000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-224000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1142000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-799000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
2380000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
1543000
us-gaap Interest Paid Net
InterestPaidNet
6477000
us-gaap Interest Paid Net
InterestPaidNet
6829000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8074000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
24704000
CY2021Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
10002000
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
10355000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2199000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
5827000
mgrc Revenue Credit Period For Customers
RevenueCreditPeriodForCustomers
P30D
CY2021Q3 us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
600000
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
7800000
CY2021Q3 us-gaap Lease Income
LeaseIncome
118100000
us-gaap Lease Income
LeaseIncome
323500000
CY2021Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
117800000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
322200000
CY2021Q3 us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
300000
us-gaap Direct Financing Lease Lease Income
DirectFinancingLeaseLeaseIncome
1300000
CY2021Q3 us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
300000
us-gaap Direct Financing Lease Revenue
DirectFinancingLeaseRevenue
1200000
CY2021Q3 us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
100000
us-gaap Direct Financing Lease Interest Income
DirectFinancingLeaseInterestIncome
100000
CY2021Q3 us-gaap Revenues
Revenues
173292000
CY2020Q3 us-gaap Revenues
Revenues
156448000
us-gaap Revenues
Revenues
440922000
us-gaap Revenues
Revenues
423574000
mgrc Products Warranty Period For Rental Equipment
ProductsWarrantyPeriodForRentalEquipment
P90D
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24245000
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24097000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24209000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
24170000
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
262000
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
346000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
297000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
388000
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24507000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24443000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24506000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
24558000
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2021Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
1309805
CY2020Q3 us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
2355
us-gaap Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
282221
CY2020Q3 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
117000
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
13617000
CY2020Q3 mgrc Average Price Per Repurchased Shares
AveragePricePerRepurchasedShares
49.61
mgrc Average Price Per Repurchased Shares
AveragePricePerRepurchasedShares
48.25
CY2021Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56601000
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-13757000
CY2021Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
42844000
CY2021Q3 mgrc Indefinite Lived Intangible Assets Gross
IndefiniteLivedIntangibleAssetsGross
5871000
CY2021Q3 mgrc Indefinite Lived Intangible Assets Net
IndefiniteLivedIntangibleAssetsNet
5871000
CY2021Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
62472000
CY2021Q3 mgrc Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
-13757000
CY2021Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
48715000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10801000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-9554000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
1247000
CY2020Q4 mgrc Indefinite Lived Intangible Assets Gross
IndefiniteLivedIntangibleAssetsGross
5871000
CY2020Q4 mgrc Indefinite Lived Intangible Assets Net
IndefiniteLivedIntangibleAssetsNet
5871000
CY2020Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
16672000
CY2020Q4 mgrc Intangible Assets Accumulated Amortization Excluding Goodwill
IntangibleAssetsAccumulatedAmortizationExcludingGoodwill
-9554000
CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7118000
CY2020Q4 us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
1700000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
5900000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
5900000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
5900000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
5800000
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
5400000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
283937000
us-gaap Revenues
Revenues
440922000
mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
73870000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
83115000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
68216000
us-gaap Gross Profit
GrossProfit
198753000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
109305000
us-gaap Operating Income Loss
OperatingIncomeLoss
89448000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-7208000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
82055000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
215904000
CY2021Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
168831000
CY2021Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1698820000
CY2021Q3 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
1063462000
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
263273000
mgrc Operating Leases Income Statement Lease Related Services Revenue
OperatingLeasesIncomeStatementLeaseRelatedServicesRevenue
70026000
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
90275000
us-gaap Revenues
Revenues
423574000
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
64640000
us-gaap Gross Profit
GrossProfit
193093000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
93365000
us-gaap Operating Income Loss
OperatingIncomeLoss
99728000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-6804000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
92735000
mgrc Property Subject To Or Available For Operating Lease Acquisition Or Disposition
PropertySubjectToOrAvailableForOperatingLeaseAcquisitionOrDisposition
64990000
CY2020Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
129433000
CY2020Q3 us-gaap Property Subject To Or Available For Operating Lease Gross
PropertySubjectToOrAvailableForOperatingLeaseGross
1536944000
CY2020Q3 us-gaap Property Subject To Or Available For Operating Lease Net
PropertySubjectToOrAvailableForOperatingLeaseNet
948125000
mgrc Goodwill Deductible For Tax Purpose Period
GoodwillDeductibleForTaxPurposePeriod
P15Y
mgrc Effective Income Tax Rate Reconciliation Combined Federal State Tax Rate
EffectiveIncomeTaxRateReconciliationCombinedFederalStateTaxRate
0.28
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
471955000
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
496963000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
64618000
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
76585000
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
2.67
us-gaap Business Acquisition Pro Forma Earnings Per Share Basic
BusinessAcquisitionProFormaEarningsPerShareBasic
3.17
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
2.64
us-gaap Business Acquisition Pro Forma Earnings Per Share Diluted
BusinessAcquisitionProFormaEarningsPerShareDiluted
3.12

Files In Submission

Name View Source Status
0001564590-21-052629-index-headers.html Edgar Link pending
0001564590-21-052629-index.html Edgar Link pending
0001564590-21-052629.txt Edgar Link pending
0001564590-21-052629-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
mgrc-10q_20210930.htm Edgar Link pending
mgrc-10q_20210930_htm.xml Edgar Link completed
mgrc-20210930.xsd Edgar Link pending
mgrc-20210930_cal.xml Edgar Link unprocessable
mgrc-20210930_def.xml Edgar Link unprocessable
mgrc-20210930_lab.xml Edgar Link unprocessable
mgrc-20210930_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_10.htm Edgar Link pending
mgrc-ex322_9.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
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.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