$MRC
MRC GLOBAL INC.

2023 Q3 Form 10-Q Financial Statement

#000143774923022474 Filed on August 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2022 Q2
Revenue $888.0M $871.0M $848.0M
YoY Change -1.77% 2.71% 23.62%
Cost Of Revenue $705.0M $696.0M $677.0M
YoY Change -4.6% 2.81% 17.94%
Gross Profit $183.0M $175.0M $171.0M
YoY Change 10.91% 2.34% 52.68%
Gross Profit Margin 20.61% 20.09% 20.17%
Selling, General & Admin $126.0M $130.0M $120.0M
YoY Change 5.0% 8.33% 17.65%
% of Gross Profit 68.85% 74.29% 70.18%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $10.00M $10.00M $10.00M
YoY Change 11.11% 0.0% -9.09%
% of Gross Profit 5.46% 5.71% 5.85%
Operating Expenses $126.0M $130.0M $120.0M
YoY Change 5.0% 8.33% 17.65%
Operating Profit $57.00M $45.00M $51.00M
YoY Change 26.67% -11.76% 410.0%
Interest Expense $9.000M $10.00M -$5.000M
YoY Change 50.0% -300.0% -183.33%
% of Operating Profit 15.79% 22.22% -9.8%
Other Income/Expense, Net $1.000M -$1.000M -$6.000M
YoY Change -120.0% -83.33% -700.0%
Pretax Income $49.00M $34.00M $20.00M
YoY Change 44.12% 70.0% 300.0%
Income Tax $14.00M $10.00M $6.000M
% Of Pretax Income 28.57% 29.41% 30.0%
Net Earnings $35.00M $24.00M $14.00M
YoY Change 45.83% 71.43% 250.0%
Net Earnings / Revenue 3.94% 2.76% 1.65%
Basic Earnings Per Share $0.34 $0.21 $0.10
Diluted Earnings Per Share $0.33 $0.21 $164.9K
COMMON SHARES
Basic Shares Outstanding 84.01M 84.21M 83.48M
Diluted Shares Outstanding 105.9M 85.30M 84.90M

Balance Sheet

Concept 2023 Q3 2023 Q2 2022 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $52.00M $31.00M $21.00M
YoY Change 79.31% 47.62% -66.67%
Cash & Equivalents $52.00M $31.00M $21.00M
Short-Term Investments
Other Short-Term Assets $35.00M $39.00M $36.00M
YoY Change 16.67% 8.33% 12.5%
Inventory $620.0M $674.0M $555.0M
Prepaid Expenses
Receivables $518.0M $519.0M $489.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.225B $1.263B $1.101B
YoY Change 4.79% 14.71% 14.57%
LONG-TERM ASSETS
Property, Plant & Equipment $77.00M $78.00M $282.0M
YoY Change -7.23% -72.34% 196.84%
Goodwill $264.0M $264.0M
YoY Change 0.0%
Intangibles $168.0M $173.0M
YoY Change -11.11%
Long-Term Investments
YoY Change
Other Assets $18.00M $16.00M $23.00M
YoY Change -21.74% -30.43% 21.05%
Total Long-Term Assets $733.0M $737.0M $763.0M
YoY Change -2.66% -3.41% -2.68%
TOTAL ASSETS
Total Short-Term Assets $1.225B $1.263B $1.101B
Total Long-Term Assets $733.0M $737.0M $763.0M
Total Assets $1.958B $2.000B $1.864B
YoY Change 1.87% 7.3% 6.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $438.0M $448.0M $433.0M
YoY Change -8.56% 3.46% 23.71%
Accrued Expenses $111.0M $97.00M $108.0M
YoY Change 15.63% -10.19% 33.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $3.000M $3.000M $3.000M
YoY Change 0.0% 0.0% 200.0%
Total Short-Term Liabilities $590.0M $585.0M $549.0M
YoY Change -3.59% 6.56% 17.81%
LONG-TERM LIABILITIES
Long-Term Debt $300.0M $368.0M $353.0M
YoY Change -11.24% 4.25% 19.26%
Other Long-Term Liabilities $20.00M $20.00M $204.0M
YoY Change -9.09% -90.2% 500.0%
Total Long-Term Liabilities $320.0M $388.0M $557.0M
YoY Change -11.11% -30.34% 68.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $590.0M $585.0M $549.0M
Total Long-Term Liabilities $320.0M $388.0M $557.0M
Total Liabilities $910.0M $973.0M $1.162B
YoY Change -6.38% -16.27% 45.98%
SHAREHOLDERS EQUITY
Retained Earnings -$693.0M -$722.0M
YoY Change -11.49%
Common Stock $1.765B $1.762B
YoY Change 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $463.0M $435.0M $702.0M
YoY Change
Total Liabilities & Shareholders Equity $1.958B $2.000B $1.864B
YoY Change 1.87% 7.3% 6.82%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2022 Q2
OPERATING ACTIVITIES
Net Income $35.00M $24.00M $14.00M
YoY Change 45.83% 71.43% 250.0%
Depreciation, Depletion And Amortization $10.00M $10.00M $10.00M
YoY Change 11.11% 0.0% -9.09%
Cash From Operating Activities $102.0M $20.00M -$50.00M
YoY Change 209.09% -140.0% -317.39%
INVESTING ACTIVITIES
Capital Expenditures $5.000M $2.000M -$3.000M
YoY Change -266.67% -166.67% 50.0%
Acquisitions
YoY Change
Other Investing Activities -$2.000M $0.00 -$2.000M
YoY Change -100.0% -300.0%
Cash From Investing Activities -$7.000M -$2.000M -$5.000M
YoY Change 133.33% -60.0% 400.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -73.00M -25.00M 47.00M
YoY Change 247.62% -153.19% -151.09%
NET CHANGE
Cash From Operating Activities 102.0M 20.00M -50.00M
Cash From Investing Activities -7.000M -2.000M -5.000M
Cash From Financing Activities -73.00M -25.00M 47.00M
Net Change In Cash 22.00M -7.000M -8.000M
YoY Change 144.44% -12.5% -88.57%
FREE CASH FLOW
Cash From Operating Activities $102.0M $20.00M -$50.00M
Capital Expenditures $5.000M $2.000M -$3.000M
Free Cash Flow $97.00M $18.00M -$47.00M
YoY Change 169.44% -138.3% -288.0%

Facts In Submission

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