$MRC
MRC GLOBAL INC.

2020 Q4 Form 10-Q Financial Statement

#000143774920021942 Filed on October 29, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $579.0M $585.0M $942.0M
YoY Change -24.41% -37.9% -12.04%
Cost Of Revenue $477.0M $471.0M $768.0M
YoY Change -24.88% -38.67% -14.57%
Gross Profit $90.00M $114.0M $174.0M
YoY Change -31.3% -34.48% 1.16%
Gross Profit Margin 15.54% 19.49% 18.47%
Selling, General & Admin $96.00M $100.0M $137.0M
YoY Change -31.91% -27.01% -2.14%
% of Gross Profit 106.67% 87.72% 78.74%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $12.00M $16.00M
YoY Change -21.43% -25.0% -5.88%
% of Gross Profit 12.22% 10.53% 9.2%
Operating Expenses $96.00M $100.0M $137.0M
YoY Change -31.91% -27.01% -2.14%
Operating Profit -$6.000M $14.00M $37.00M
YoY Change -40.0% -62.16% 15.63%
Interest Expense -$6.000M $7.000M $10.00M
YoY Change -33.33% -30.0% 0.0%
% of Operating Profit 50.0% 27.03%
Other Income/Expense, Net $6.000M $1.000M $2.000M
YoY Change -50.0% 0.0%
Pretax Income -$7.000M $8.000M $29.00M
YoY Change -63.16% -72.41% 20.83%
Income Tax -$2.000M $5.000M $8.000M
% Of Pretax Income 62.5% 27.59%
Net Earnings -$5.000M $3.000M $21.00M
YoY Change -79.17% -85.71% -12.5%
Net Earnings / Revenue -0.86% 0.51% 2.23%
Basic Earnings Per Share -$0.13 -$0.04 $0.18
Diluted Earnings Per Share -$0.13 -$0.04 $0.18
COMMON SHARES
Basic Shares Outstanding 82.24M 82.10M 82.70M
Diluted Shares Outstanding 82.10M 83.40M

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.0M $40.00M $25.00M
YoY Change 271.88% 60.0% -13.79%
Cash & Equivalents $119.0M $40.00M $25.00M
Short-Term Investments
Other Short-Term Assets $19.00M $29.00M $37.00M
YoY Change -26.92% -21.62% -15.91%
Inventory $509.0M $582.0M $742.0M
Prepaid Expenses
Receivables $319.0M $343.0M $586.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $966.0M $994.0M $1.390B
YoY Change -20.69% -28.49% -12.91%
LONG-TERM ASSETS
Property, Plant & Equipment $103.0M $128.0M $140.0M
YoY Change -25.36% -8.57% -1.41%
Goodwill $264.0M $264.0M $482.0M
YoY Change -45.34% -45.23% -0.62%
Intangibles $229.0M $235.0M $288.0M
YoY Change -18.51% -18.4%
Long-Term Investments
YoY Change
Other Assets $19.00M $16.00M $21.00M
YoY Change 0.0% -23.81% -12.5%
Total Long-Term Assets $815.0M $811.0M $1.117B
YoY Change -26.38% -27.39% 13.4%
TOTAL ASSETS
Total Short-Term Assets $966.0M $994.0M $1.390B
Total Long-Term Assets $815.0M $811.0M $1.117B
Total Assets $1.781B $1.805B $2.507B
YoY Change -23.4% -28.0% -2.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $264.0M $293.0M $431.0M
YoY Change -26.05% -32.02% -8.3%
Accrued Expenses $94.00M $86.00M $93.00M
YoY Change 3.3% -7.53% -29.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.000M $4.000M $4.000M
YoY Change 0.0% 0.0% 0.0%
Total Short-Term Liabilities $399.0M $417.0M $562.0M
YoY Change -17.9% -25.8% -7.11%
LONG-TERM LIABILITIES
Long-Term Debt $379.0M $405.0M $623.0M
YoY Change -30.71% -34.99% -12.87%
Other Long-Term Liabilities $41.00M $41.00M $37.00M
YoY Change 10.81% 10.81% 8.82%
Total Long-Term Liabilities $420.0M $446.0M $660.0M
YoY Change -28.08% -32.42% -11.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $399.0M $417.0M $562.0M
Total Long-Term Liabilities $420.0M $446.0M $660.0M
Total Liabilities $819.0M $863.0M $1.222B
YoY Change -23.46% -29.38% -9.75%
SHAREHOLDERS EQUITY
Retained Earnings -$781.0M -$770.0M -$453.0M
YoY Change 61.7% 69.98% -9.76%
Common Stock $1.740B $1.737B $1.728B
YoY Change 0.46% 0.52% 0.58%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.0M $375.0M $363.0M
YoY Change 0.0% 3.31% 61.33%
Treasury Stock Shares $24.22M $24.22M $23.44M
Shareholders Equity $350.0M $347.0M $671.0M
YoY Change
Total Liabilities & Shareholders Equity $1.781B $1.805B $2.507B
YoY Change -23.4% -28.0% -2.87%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$5.000M $3.000M $21.00M
YoY Change -79.17% -85.71% -12.5%
Depreciation, Depletion And Amortization $11.00M $12.00M $16.00M
YoY Change -21.43% -25.0% -5.88%
Cash From Operating Activities $83.00M $94.00M $126.0M
YoY Change -23.15% -25.4% -1900.0%
INVESTING ACTIVITIES
Capital Expenditures -$3.000M -$3.000M -$6.000M
YoY Change -50.0% -50.0% 0.0%
Acquisitions
YoY Change
Other Investing Activities $29.00M $1.000M $0.00
YoY Change -100.0%
Cash From Investing Activities $26.00M -$2.000M -$6.000M
YoY Change -533.33% -66.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -33.00M -72.00M -129.0M
YoY Change -65.63% -44.19% -2680.0%
NET CHANGE
Cash From Operating Activities 83.00M 94.00M 126.0M
Cash From Investing Activities 26.00M -2.000M -6.000M
Cash From Financing Activities -33.00M -72.00M -129.0M
Net Change In Cash 76.00M 20.00M -9.000M
YoY Change 1166.67% -322.22% 350.0%
FREE CASH FLOW
Cash From Operating Activities $83.00M $94.00M $126.0M
Capital Expenditures -$3.000M -$3.000M -$6.000M
Free Cash Flow $86.00M $97.00M $132.0M
YoY Change -24.56% -26.52% -13300.0%

Facts In Submission

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CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q3 us-gaap Loss Contingency Pending Claims Number
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1139 pure

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