$MLI
MUELLER INDUSTRIES INC

2022 Q1 Form 10-Q Financial Statement

#000008943922000022 Filed on April 20, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $1.010B $818.1M
YoY Change 23.45% 35.7%
Cost Of Revenue $744.5M $668.4M
YoY Change 11.38% 31.39%
Gross Profit $265.5M $149.7M
YoY Change 77.31% 58.94%
Gross Profit Margin 26.29% 18.3%
Selling, General & Admin $47.46M $45.44M
YoY Change 4.45% 6.28%
% of Gross Profit 17.87% 30.34%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.84M $11.76M
YoY Change -7.78% 6.49%
% of Gross Profit 4.08% 7.85%
Operating Expenses $47.46M $45.44M
YoY Change 4.45% 6.28%
Operating Profit $212.7M $92.54M
YoY Change 129.85% 56.03%
Interest Expense $158.0K $4.469M
YoY Change -96.46% -16.92%
% of Operating Profit 0.07% 4.83%
Other Income/Expense, Net $780.0K $577.0K
YoY Change 35.18% 107.55%
Pretax Income $213.3M $88.65M
YoY Change 140.64% 63.53%
Income Tax $54.20M $21.76M
% Of Pretax Income 25.41% 24.55%
Net Earnings $158.3M $63.11M
YoY Change 150.87% 94.68%
Net Earnings / Revenue 15.67% 7.71%
Basic Earnings Per Share $2.82 $1.13
Diluted Earnings Per Share $2.78 $1.11
COMMON SHARES
Basic Shares Outstanding 56.10M shares 55.92M shares
Diluted Shares Outstanding 56.91M shares 56.67M shares

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $139.3M $129.9M
YoY Change 7.2% -15.81%
Cash & Equivalents $139.3M $129.9M
Short-Term Investments
Other Short-Term Assets $40.95M $43.71M
YoY Change -6.32% 6.9%
Inventory $471.9M $365.5M
Prepaid Expenses
Receivables $588.4M $447.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.241B $986.5M
YoY Change 25.75% 27.44%
LONG-TERM ASSETS
Property, Plant & Equipment $380.7M $384.9M
YoY Change -1.08% 4.91%
Goodwill $172.1M $168.2M
YoY Change 2.3% 4.59%
Intangibles $60.79M $77.78M
YoY Change -21.84% 37.47%
Long-Term Investments $63.07M $38.90M
YoY Change 62.13% -12.98%
Other Assets $6.791M $13.57M
YoY Change -49.94% -44.1%
Total Long-Term Assets $705.4M $711.8M
YoY Change -0.9% 5.95%
TOTAL ASSETS
Total Short-Term Assets $1.241B $986.5M
Total Long-Term Assets $705.4M $711.8M
Total Assets $1.946B $1.698B
YoY Change 14.58% 17.46%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $226.7M $177.2M
YoY Change 27.96% 87.98%
Accrued Expenses $40.65M $46.00M
YoY Change -11.63% 20.42%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $812.0K $106.2M
YoY Change -99.24% 1298.55%
Total Short-Term Liabilities $451.6M $444.5M
YoY Change 1.6% 93.34%
LONG-TERM LIABILITIES
Long-Term Debt $1.098M $286.6M
YoY Change -99.62% -38.8%
Other Long-Term Liabilities $21.59M $14.50M
YoY Change 48.84% 47.97%
Total Long-Term Liabilities $22.68M $301.1M
YoY Change -92.47% -37.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $451.6M $444.5M
Total Long-Term Liabilities $22.68M $301.1M
Total Liabilities $539.8M $830.3M
YoY Change -34.99% 6.36%
SHAREHOLDERS EQUITY
Retained Earnings $1.602B $1.075B
YoY Change 49.01% 15.66%
Common Stock $802.0K $802.0K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $474.3M $469.3M
YoY Change 1.07% -1.2%
Treasury Stock Shares
Shareholders Equity $1.370B $841.1M
YoY Change
Total Liabilities & Shareholders Equity $1.946B $1.698B
YoY Change 14.58% 17.46%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $158.3M $63.11M
YoY Change 150.87% 94.68%
Depreciation, Depletion And Amortization $10.84M $11.76M
YoY Change -7.78% 6.49%
Cash From Operating Activities $62.86M -$22.58M
YoY Change -378.37% -180.5%
INVESTING ACTIVITIES
Capital Expenditures -$5.259M -$9.200M
YoY Change -42.84% -46.2%
Acquisitions $0.00 $14.03M
YoY Change -100.0% -8.94%
Other Investing Activities $7.178M -$12.30M
YoY Change -158.36% -20.13%
Cash From Investing Activities $1.919M -$21.53M
YoY Change -108.91% -33.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.972M $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $56.00K $35.29M
YoY Change -99.84% 71.53%
Cash From Financing Activities -$4.258M $64.98M
YoY Change -106.55% -23.11%
NET CHANGE
Cash From Operating Activities $62.86M -$22.58M
Cash From Investing Activities $1.919M -$21.53M
Cash From Financing Activities -$4.258M $64.98M
Net Change In Cash $60.82M $21.66M
YoY Change 180.86% -70.71%
FREE CASH FLOW
Cash From Operating Activities $62.86M -$22.58M
Capital Expenditures -$5.259M -$9.200M
Free Cash Flow $68.12M -$13.38M
YoY Change -609.07% -129.64%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2022Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2022Q1 dei Document Fiscal Year Focus
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CY2022Q1 dei Document Transition Report
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CY2022Q1 dei Entity File Number
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MUELLER INDUSTRIES INC
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CY2022Q1 mli Proceeds Dividends From Unconsolidated Affiliates
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CY2022Q1 us-gaap Assets
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CY2021Q4 us-gaap Assets
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CY2022Q1 us-gaap Effective Income Tax Rate Continuing Operations
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103000 USD
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CY2021Q4 us-gaap Inventory Raw Materials And Supplies
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CY2022Q1 us-gaap Inventory Finished Goods
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CY2022Q1 us-gaap Inventory Adjustments
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CY2022Q1 us-gaap Derivative Collateral Obligation To Return Cash
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11200000 USD
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
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2000000 USD
CY2022Q1 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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1700000 USD
CY2021Q1 us-gaap Income Tax Reconciliation Other Adjustments
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700000 USD
CY2021Q3 us-gaap Equity Method Investment Ownership Percentage
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0.17
CY2022Q1 mli Term Of Guarantees
TermOfGuarantees
P1Y
CY2022Q1 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
28900000 USD
CY2022Q1 us-gaap Income Tax Reconciliation Other Adjustments
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600000 USD
CY2021Q1 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
2400000 USD

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