$MRC
MRC GLOBAL INC.

2021 Q4 Form 10-Q Financial Statement

#000143774921025902 Filed on November 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2021 Q2
Revenue $686.0M $685.0M $686.0M
YoY Change 18.48% 17.09% 13.95%
Cost Of Revenue $534.0M $590.0M $574.0M
YoY Change 11.95% 25.27% 9.75%
Gross Profit $152.0M $95.00M $112.0M
YoY Change 68.89% -16.67% 41.77%
Gross Profit Margin 22.16% 13.87% 16.33%
Selling, General & Admin $105.0M $102.0M $102.0M
YoY Change 9.38% 2.0% -19.05%
% of Gross Profit 69.08% 107.37% 91.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $10.00M $11.00M
YoY Change 0.0% -16.67% 0.0%
% of Gross Profit 7.24% 10.53% 9.82%
Operating Expenses $105.0M $102.0M $102.0M
YoY Change 9.38% 2.0% -19.05%
Operating Profit $47.00M -$7.000M $10.00M
YoY Change -883.33% -150.0% -103.46%
Interest Expense -$5.000M $6.000M $6.000M
YoY Change -16.67% -14.29% -14.29%
% of Operating Profit -10.64% 60.0%
Other Income/Expense, Net $1.000M $0.00 $1.000M
YoY Change -83.33% -100.0% -150.0%
Pretax Income -$3.000M -$13.00M $5.000M
YoY Change -57.14% -262.5% -101.68%
Income Tax $1.000M -$2.000M $1.000M
% Of Pretax Income 20.0%
Net Earnings -$4.000M -$11.00M $4.000M
YoY Change -20.0% -466.67% -101.42%
Net Earnings / Revenue -0.58% -1.61% 0.58%
Basic Earnings Per Share -$0.21 -$0.02
Diluted Earnings Per Share -$48.48K -$0.21 -$0.02
COMMON SHARES
Basic Shares Outstanding 82.67M 82.70M 82.60M
Diluted Shares Outstanding 82.70M 82.60M

Balance Sheet

Concept 2021 Q4 2021 Q3 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $48.00M $47.00M $63.00M
YoY Change -59.66% 17.5% 231.58%
Cash & Equivalents $48.00M $47.00M $63.00M
Short-Term Investments
Other Short-Term Assets $19.00M $28.00M $32.00M
YoY Change 0.0% -3.45% -11.11%
Inventory $453.0M $471.0M $484.0M
Prepaid Expenses
Receivables $379.0M $399.0M $382.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $899.0M $945.0M $961.0M
YoY Change -6.94% -4.93% -9.43%
LONG-TERM ASSETS
Property, Plant & Equipment $91.00M $92.00M $95.00M
YoY Change -11.65% -28.13% -27.48%
Goodwill $264.0M $264.0M $264.0M
YoY Change 0.0% 0.0% 0.0%
Intangibles $204.0M $210.0M $216.0M
YoY Change -10.92% -10.64% -10.37%
Long-Term Investments
YoY Change
Other Assets $22.00M $22.00M $19.00M
YoY Change 15.79% 37.5% 11.76%
Total Long-Term Assets $772.0M $774.0M $784.0M
YoY Change -5.28% -4.56% -3.92%
TOTAL ASSETS
Total Short-Term Assets $899.0M $945.0M $961.0M
Total Long-Term Assets $772.0M $774.0M $784.0M
Total Assets $1.671B $1.719B $1.745B
YoY Change -6.18% -4.76% -7.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $321.0M $329.0M $350.0M
YoY Change 21.59% 12.29% 16.28%
Accrued Expenses $80.00M $76.00M $81.00M
YoY Change -14.89% -11.63% -8.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.000M $2.000M $1.000M
YoY Change -50.0% -50.0% -75.0%
Total Short-Term Liabilities $436.0M $440.0M $466.0M
YoY Change 9.27% 5.52% 9.13%
LONG-TERM LIABILITIES
Long-Term Debt $295.0M $323.0M $296.0M
YoY Change -22.16% -20.25% -37.02%
Other Long-Term Liabilities $32.00M $32.00M $34.00M
YoY Change -21.95% -21.95% -26.09%
Total Long-Term Liabilities $327.0M $355.0M $330.0M
YoY Change -22.14% -20.4% -36.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $436.0M $440.0M $466.0M
Total Long-Term Liabilities $327.0M $355.0M $330.0M
Total Liabilities $763.0M $795.0M $796.0M
YoY Change -6.84% -7.88% -15.59%
SHAREHOLDERS EQUITY
Retained Earnings -$819.0M -$809.0M -$792.0M
YoY Change 4.87% 5.06% 3.26%
Common Stock $1.748B $1.748B $1.745B
YoY Change 0.46% 0.63% 0.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.0M $375.0M $375.0M
YoY Change 0.0% 0.0% 0.0%
Treasury Stock Shares $24.22M $24.22M $24.22M
Shareholders Equity $323.0M $331.0M $347.0M
YoY Change
Total Liabilities & Shareholders Equity $1.671B $1.719B $1.745B
YoY Change -6.18% -4.76% -7.03%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2021 Q2
OPERATING ACTIVITIES
Net Income -$4.000M -$11.00M $4.000M
YoY Change -20.0% -466.67% -101.42%
Depreciation, Depletion And Amortization $11.00M $10.00M $11.00M
YoY Change 0.0% -16.67% 0.0%
Cash From Operating Activities $40.00M -$31.00M $23.00M
YoY Change -51.81% -132.98% -51.06%
INVESTING ACTIVITIES
Capital Expenditures -$4.000M -$2.000M -$2.000M
YoY Change 33.33% -33.33% -33.33%
Acquisitions
YoY Change
Other Investing Activities $1.000M $0.00 $1.000M
YoY Change -96.55% -100.0%
Cash From Investing Activities -$3.000M -$2.000M -$1.000M
YoY Change -111.54% 0.0% -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 -36.00M 19.00M -92.00M
YoY Change 9.09% -126.39% 70.37%
NET CHANGE
Cash From Operating Activities 40.00M -31.00M 23.00M
Cash From Investing Activities -3.000M -2.000M -1.000M
Cash From Financing Activities -36.00M 19.00M -92.00M
Net Change In Cash 1.000M -14.00M -70.00M
YoY Change -98.68% -170.0% 600.0%
FREE CASH FLOW
Cash From Operating Activities $40.00M -$31.00M $23.00M
Capital Expenditures -$4.000M -$2.000M -$2.000M
Free Cash Flow $44.00M -$29.00M $25.00M
YoY Change -48.84% -129.9% -50.0%

Facts In Submission

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