$MRC
MRC GLOBAL INC.

2021 Q2 Form 10-Q Financial Statement

#000143774921017989 Filed on July 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2
Revenue $686.0M $602.0M
YoY Change 13.95% -38.82%
Cost Of Revenue $574.0M $523.0M
YoY Change 9.75% -35.43%
Gross Profit $112.0M $79.00M
YoY Change 41.77% -54.6%
Gross Profit Margin 16.33% 13.12%
Selling, General & Admin $102.0M $126.0M
YoY Change -19.05% -5.26%
% of Gross Profit 91.07% 159.49%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $11.00M
YoY Change 0.0% -35.29%
% of Gross Profit 9.82% 13.92%
Operating Expenses $102.0M $126.0M
YoY Change -19.05% -5.26%
Operating Profit $10.00M -$289.0M
YoY Change -103.46% -804.88%
Interest Expense $6.000M $7.000M
YoY Change -14.29% -30.0%
% of Operating Profit 60.0%
Other Income/Expense, Net $1.000M -$2.000M
YoY Change -150.0% -300.0%
Pretax Income $5.000M -$298.0M
YoY Change -101.68% -1031.25%
Income Tax $1.000M -$17.00M
% Of Pretax Income 20.0%
Net Earnings $4.000M -$281.0M
YoY Change -101.42% -1270.83%
Net Earnings / Revenue 0.58% -46.68%
Basic Earnings Per Share -$0.02 -$3.50
Diluted Earnings Per Share -$0.02 -$3.50
COMMON SHARES
Basic Shares Outstanding 82.60M 82.00M
Diluted Shares Outstanding 82.60M 82.00M

Balance Sheet

Concept 2021 Q2 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $63.00M $19.00M
YoY Change 231.58% -45.71%
Cash & Equivalents $63.00M $19.00M
Short-Term Investments
Other Short-Term Assets $32.00M $36.00M
YoY Change -11.11% 0.0%
Inventory $484.0M $627.0M
Prepaid Expenses
Receivables $382.0M $379.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $961.0M $1.061B
YoY Change -9.43% -29.08%
LONG-TERM ASSETS
Property, Plant & Equipment $95.00M $131.0M
YoY Change -27.48% -3.68%
Goodwill $264.0M $264.0M
YoY Change 0.0% -45.45%
Intangibles $216.0M $241.0M
YoY Change -10.37% -19.67%
Long-Term Investments
YoY Change
Other Assets $19.00M $17.00M
YoY Change 11.76% -39.29%
Total Long-Term Assets $784.0M $816.0M
YoY Change -3.92% -27.98%
TOTAL ASSETS
Total Short-Term Assets $961.0M $1.061B
Total Long-Term Assets $784.0M $816.0M
Total Assets $1.745B $1.877B
YoY Change -7.03% -28.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $350.0M $301.0M
YoY Change 16.28% -31.28%
Accrued Expenses $81.00M $89.00M
YoY Change -8.99% -6.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $4.000M
YoY Change -75.0% 0.0%
Total Short-Term Liabilities $466.0M $427.0M
YoY Change 9.13% -25.35%
LONG-TERM LIABILITIES
Long-Term Debt $296.0M $470.0M
YoY Change -37.02% -35.97%
Other Long-Term Liabilities $34.00M $46.00M
YoY Change -26.09% 31.43%
Total Long-Term Liabilities $330.0M $516.0M
YoY Change -36.05% -32.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $466.0M $427.0M
Total Long-Term Liabilities $330.0M $516.0M
Total Liabilities $796.0M $943.0M
YoY Change -15.59% -29.68%
SHAREHOLDERS EQUITY
Retained Earnings -$792.0M -$767.0M
YoY Change 3.26% 63.89%
Common Stock $1.745B $1.734B
YoY Change 0.63% 0.64%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.0M $375.0M
YoY Change 0.0% 7.14%
Treasury Stock Shares $24.22M $24.22M
Shareholders Equity $347.0M $341.0M
YoY Change
Total Liabilities & Shareholders Equity $1.745B $1.877B
YoY Change -7.03% -28.6%

Cashflow Statement

Concept 2021 Q2 2020 Q2
OPERATING ACTIVITIES
Net Income $4.000M -$281.0M
YoY Change -101.42% -1270.83%
Depreciation, Depletion And Amortization $11.00M $11.00M
YoY Change 0.0% -35.29%
Cash From Operating Activities $23.00M $47.00M
YoY Change -51.06% -2.08%
INVESTING ACTIVITIES
Capital Expenditures -$2.000M -$3.000M
YoY Change -33.33% -25.0%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.000M -$3.000M
YoY Change -66.67% 50.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -92.00M -54.00M
YoY Change 70.37% 38.46%
NET CHANGE
Cash From Operating Activities 23.00M 47.00M
Cash From Investing Activities -1.000M -3.000M
Cash From Financing Activities -92.00M -54.00M
Net Change In Cash -70.00M -10.00M
YoY Change 600.0% -242.86%
FREE CASH FLOW
Cash From Operating Activities $23.00M $47.00M
Capital Expenditures -$2.000M -$3.000M
Free Cash Flow $25.00M $50.00M
YoY Change -50.0% -3.85%

Facts In Submission

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us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2021Q2 us-gaap Assets
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586 pure
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1152 pure

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