$MRC
MRC GLOBAL INC.

2022 Q4 Form 10-Q Financial Statement

#000143774922026541 Filed on November 09, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3
Revenue $869.0M $904.0M
YoY Change 26.68% 31.97%
Cost Of Revenue $695.0M $739.0M
YoY Change 30.15% 25.25%
Gross Profit $174.0M $165.0M
YoY Change 14.47% 73.68%
Gross Profit Margin 20.02% 18.25%
Selling, General & Admin $123.0M $120.0M
YoY Change 17.14% 17.65%
% of Gross Profit 70.69% 72.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00M $9.000M
YoY Change -9.09% -10.0%
% of Gross Profit 5.75% 5.45%
Operating Expenses $123.0M $120.0M
YoY Change 17.14% 17.65%
Operating Profit $51.00M $45.00M
YoY Change 8.51% -742.86%
Interest Expense -$7.000M $6.000M
YoY Change 40.0% 0.0%
% of Operating Profit -13.73% 13.33%
Other Income/Expense, Net $5.000M -$5.000M
YoY Change 400.0%
Pretax Income $33.00M $34.00M
YoY Change -1200.0% -361.54%
Income Tax $12.00M $10.00M
% Of Pretax Income 36.36% 29.41%
Net Earnings $15.00M $24.00M
YoY Change -475.0% -318.18%
Net Earnings / Revenue 1.73% 2.65%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $0.18 $0.21
COMMON SHARES
Basic Shares Outstanding 83.61M 83.60M
Diluted Shares Outstanding 85.00M

Balance Sheet

Concept 2022 Q4 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.00M $29.00M
YoY Change -33.33% -38.3%
Cash & Equivalents $32.00M $29.00M
Short-Term Investments
Other Short-Term Assets $31.00M $30.00M
YoY Change 63.16% 7.14%
Inventory $578.0M $584.0M
Prepaid Expenses
Receivables $501.0M $526.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.142B $1.169B
YoY Change 27.03% 23.7%
LONG-TERM ASSETS
Property, Plant & Equipment $82.00M $83.00M
YoY Change -9.89% -9.78%
Goodwill $264.0M $264.0M
YoY Change 0.0% 0.0%
Intangibles $183.0M $189.0M
YoY Change -10.29% -10.0%
Long-Term Investments
YoY Change
Other Assets $22.00M $23.00M
YoY Change 0.0% 4.55%
Total Long-Term Assets $753.0M $753.0M
YoY Change -2.46% -2.71%
TOTAL ASSETS
Total Short-Term Assets $1.142B $1.169B
Total Long-Term Assets $753.0M $753.0M
Total Assets $1.895B $1.922B
YoY Change 13.41% 11.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $410.0M $479.0M
YoY Change 27.73% 45.59%
Accrued Expenses $115.0M $96.00M
YoY Change 43.75% 26.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.000M
YoY Change 50.0% 50.0%
Total Short-Term Liabilities $564.0M $612.0M
YoY Change 29.36% 39.09%
LONG-TERM LIABILITIES
Long-Term Debt $337.0M $338.0M
YoY Change 14.24% 4.64%
Other Long-Term Liabilities $22.00M $22.00M
YoY Change -31.25% -31.25%
Total Long-Term Liabilities $359.0M $360.0M
YoY Change 9.79% 1.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $564.0M $612.0M
Total Long-Term Liabilities $359.0M $360.0M
Total Liabilities $923.0M $972.0M
YoY Change 20.97% 22.26%
SHAREHOLDERS EQUITY
Retained Earnings -$768.0M -$783.0M
YoY Change -6.23% -3.21%
Common Stock $1.759B $1.755B
YoY Change 0.63% 0.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $375.0M $375.0M
YoY Change 0.0% 0.0%
Treasury Stock Shares $24.22M $24.22M
Shareholders Equity $386.0M $363.0M
YoY Change
Total Liabilities & Shareholders Equity $1.895B $1.922B
YoY Change 13.41% 11.81%

Cashflow Statement

Concept 2022 Q4 2022 Q3
OPERATING ACTIVITIES
Net Income $15.00M $24.00M
YoY Change -475.0% -318.18%
Depreciation, Depletion And Amortization $10.00M $9.000M
YoY Change -9.09% -10.0%
Cash From Operating Activities $10.00M $33.00M
YoY Change -75.0% -206.45%
INVESTING ACTIVITIES
Capital Expenditures $3.000M -$3.000M
YoY Change -175.0% 50.0%
Acquisitions
YoY Change
Other Investing Activities $2.000M $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 -7.000M -21.00M
YoY Change -80.56% -210.53%
NET CHANGE
Cash From Operating Activities 10.00M 33.00M
Cash From Investing Activities -1.000M -3.000M
Cash From Financing Activities -7.000M -21.00M
Net Change In Cash 2.000M 9.000M
YoY Change 100.0% -164.29%
FREE CASH FLOW
Cash From Operating Activities $10.00M $33.00M
Capital Expenditures $3.000M -$3.000M
Free Cash Flow $7.000M $36.00M
YoY Change -84.09% -224.14%

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Files In Submission

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