$MGRC
MCGRATH RENTCORP

2022 Q3 Form 10-Q Financial Statement

#000156459022026871 Filed on July 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $200.5M $177.0M $145.4M
YoY Change 15.72% 20.89% 19.95%
Cost Of Revenue $111.1M $99.19M $78.88M
YoY Change 13.96% 23.12% 23.04%
Gross Profit $89.44M $77.84M $66.49M
YoY Change 17.99% 18.17% 16.48%
Gross Profit Margin 44.6% 43.97% 45.74%
Selling, General & Admin $44.10M $40.79M $39.13M
YoY Change 11.61% 12.48% 18.08%
% of Gross Profit 49.3% 52.4% 58.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.92M $27.77M $27.58M
YoY Change -2.0% 2.63% 17.58%
% of Gross Profit 31.21% 35.68% 41.49%
Operating Expenses $44.10M $40.79M $39.13M
YoY Change 11.61% 12.48% 18.08%
Operating Profit $45.35M $37.05M $27.36M
YoY Change 24.92% 25.14% 14.27%
Interest Expense -$4.413M -$3.182M -$2.807M
YoY Change 33.89% 40.86% 55.94%
% of Operating Profit -9.73% -8.59% -10.26%
Other Income/Expense, Net
YoY Change
Pretax Income $40.93M $33.87M $24.56M
YoY Change 25.55% 23.84% 11.08%
Income Tax $10.37M $7.730M $5.762M
% Of Pretax Income 25.32% 22.82% 23.47%
Net Earnings $30.57M $26.14M $18.79M
YoY Change 31.46% 26.83% 8.02%
Net Earnings / Revenue 15.24% 14.76% 12.93%
Basic Earnings Per Share $1.25 $1.07 $0.77
Diluted Earnings Per Share $1.25 $1.07 $766.0K
COMMON SHARES
Basic Shares Outstanding 24.38M 24.36M 24.29M
Diluted Shares Outstanding 24.50M 24.51M 24.53M

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.561M $874.0K $1.603M
YoY Change -34.41% -63.76% -30.3%
Cash & Equivalents $1.561M $874.0K $1.603M
Short-Term Investments
Other Short-Term Assets $72.26M $65.80M $50.73M
YoY Change 21.4% 14.44% 21.95%
Inventory
Prepaid Expenses
Receivables $190.0M $167.3M $151.6M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $263.8M $234.0M $203.9M
YoY Change 14.32% 16.52% 22.76%
LONG-TERM ASSETS
Property, Plant & Equipment $1.239B $1.235B $1.221B
YoY Change 3.38% 1.93% 14.05%
Goodwill $132.3M $132.3M $132.3M
YoY Change
Intangibles $42.61M $44.09M $45.57M
YoY Change -12.54% -13.84% 544.59%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $1.414B $1.411B $1.399B
YoY Change 2.49% 1.16% 26.49%
TOTAL ASSETS
Total Short-Term Assets $263.8M $234.0M $203.9M
Total Long-Term Assets $1.414B $1.411B $1.399B
Total Assets $1.678B $1.645B $1.603B
YoY Change 4.18% 3.09% 26.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $154.9M $137.7M $138.7M
YoY Change 12.84% -4.95% 23.17%
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 $154.9M $137.7M $138.7M
YoY Change 12.84% -4.95% 23.17%
LONG-TERM LIABILITIES
Long-Term Debt $419.5M $441.5M $424.0M
YoY Change -8.71% -6.61% 103.05%
Other Long-Term Liabilities $92.12M $77.55M $63.94M
YoY Change 32.28% 36.14% 26.36%
Total Long-Term Liabilities $511.6M $519.0M $487.9M
YoY Change -3.31% -2.01% 88.09%
TOTAL LIABILITIES
Total Short-Term Liabilities $154.9M $137.7M $138.7M
Total Long-Term Liabilities $511.6M $519.0M $487.9M
Total Liabilities $904.6M $893.4M $865.4M
YoY Change 0.75% -0.51% 48.0%
SHAREHOLDERS EQUITY
Retained Earnings $665.5M $646.1M $631.2M
YoY Change
Common Stock $107.5M $105.9M $106.8M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $773.1M $752.0M $737.9M
YoY Change
Total Liabilities & Shareholders Equity $1.678B $1.645B $1.603B
YoY Change 4.18% 3.09% 26.0%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income $30.57M $26.14M $18.79M
YoY Change 31.46% 26.83% 8.02%
Depreciation, Depletion And Amortization $27.92M $27.77M $27.58M
YoY Change -2.0% 2.63% 17.58%
Cash From Operating Activities $51.25M $30.30M $51.74M
YoY Change 33.81% -49.82% 37.58%
INVESTING ACTIVITIES
Capital Expenditures -$39.58M -$56.57M $5.417M
YoY Change 31.16% 34.13% 452.19%
Acquisitions
YoY Change
Other Investing Activities $22.36M $21.52M $10.31M
YoY Change 43.36% -107.97% -0.88%
Cash From Investing Activities -$17.21M -$35.05M -$34.54M
YoY Change 18.09% -88.78% 304.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.22M 3.882M -17.09M
YoY Change 39.63% -98.46% -38.88%
NET CHANGE
Cash From Operating Activities 51.25M 30.30M 51.74M
Cash From Investing Activities -17.21M -35.05M -34.54M
Cash From Financing Activities -33.22M 3.882M -17.09M
Net Change In Cash 826.0K -863.0K 112.0K
YoY Change -1476.67% -906.54% -89.73%
FREE CASH FLOW
Cash From Operating Activities $51.25M $30.30M $51.74M
Capital Expenditures -$39.58M -$56.57M $5.417M
Free Cash Flow $90.83M $86.87M $46.33M
YoY Change 32.64% -15.3% 26.48%

Facts In Submission

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