$MRC
MRC GLOBAL INC. Stock $mrc

$mrc Overview Financials Valuation SEC Filings Company Website

2024 Q2 Form 10-Q Financial Statement

#000143774924015559 Filed on May 09, 2024

Income Statement

Concept	2024 Q2	2024 Q1	2023 Q1
Revenue	$832.0M	$806.0M	$885.0M
YoY Change	-4.48%	-8.93%	19.27%
Cost Of Revenue	$659.0M	$643.0M	$706.0M
YoY Change	-5.32%	-8.92%	16.5%
Gross Profit	$173.0M	$163.0M	$179.0M
YoY Change	-1.14%	-8.94%	31.62%
Gross Profit Margin	20.79%	20.22%	20.23%
Selling, General & Admin	$126.0M	$125.0M	$122.0M
YoY Change	-3.08%	2.46%	14.02%
% of Gross Profit	72.83%	76.69%	68.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$10.00M	$10.00M	$10.00M
YoY Change	0.0%	0.0%	0.0%
% of Gross Profit	5.78%	6.13%	5.59%
Operating Expenses	$126.0M	$125.0M	$122.0M
YoY Change	-3.08%	2.46%	14.02%
Operating Profit	$47.00M	$38.00M	$57.00M
YoY Change	4.44%	-33.33%	96.55%
Interest Expense	$7.000M	$8.000M	$7.000M
YoY Change	-30.0%	14.29%	16.67%
% of Operating Profit	14.89%	21.05%	12.28%
Other Income/Expense, Net	$2.000M	-$3.000M	-$3.000M
YoY Change	-300.0%	0.0%
Pretax Income	$42.00M	$27.00M	$47.00M
YoY Change	23.53%	-42.55%	104.35%
Income Tax	$12.00M	$8.000M	$13.00M
% Of Pretax Income	28.57%	29.63%	27.66%
Net Earnings	$30.00M	$19.00M	$34.00M
YoY Change	25.0%	-44.12%	112.5%
Net Earnings / Revenue	3.61%	2.36%	3.84%
Basic Earnings Per Share	$0.28	$0.15	$0.33
Diluted Earnings Per Share	$0.28	$0.15	$0.33
COMMON SHARES
Basic Shares Outstanding	85.08M	84.39M	83.65M
Diluted Shares Outstanding	86.40M	86.10M	85.40M

Balance Sheet

Concept	2024 Q2	2024 Q1	2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$49.00M	$146.0M	$39.00M
YoY Change	58.06%	274.36%	25.81%
Cash & Equivalents	$49.00M	$146.0M	$39.00M
Short-Term Investments
Other Short-Term Assets	$38.00M	$34.00M	$30.00M
YoY Change	-2.56%	13.33%	7.14%
Inventory	$509.0M	$546.0M	$672.0M
Prepaid Expenses
Receivables	$481.0M	$478.0M	$529.0M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$1.077B	$1.204B	$1.270B
YoY Change	-14.73%	-5.2%	25.49%
LONG-TERM ASSETS
Property, Plant & Equipment	$80.00M	$78.00M	$81.00M
YoY Change	2.56%	-3.7%	-7.95%
Goodwill	$264.0M	$264.0M	$264.0M
YoY Change	0.0%	0.0%	0.0%
Intangibles	$153.0M	$158.0M	$178.0M
YoY Change	-11.56%	-11.24%	-10.55%
Long-Term Investments
YoY Change
Other Assets	$18.00M	$20.00M	$21.00M
YoY Change	12.5%	-4.76%	-8.7%
Total Long-Term Assets	$710.0M	$716.0M	$751.0M
YoY Change	-3.66%	-4.66%	-2.97%
TOTAL ASSETS
Total Short-Term Assets	$1.077B	$1.204B	$1.270B
Total Long-Term Assets	$710.0M	$716.0M	$751.0M
Total Assets	$1.787B	$1.920B	$2.021B
YoY Change	-10.65%	-5.0%	13.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$378.0M	$402.0M	$467.0M
YoY Change	-15.63%	-13.92%	16.75%
Accrued Expenses	$105.0M	$95.00M	$99.00M
YoY Change	8.25%	-4.04%	13.79%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$292.0M	$3.000M
YoY Change	-100.0%	9633.33%	0.0%
Total Short-Term Liabilities	$517.0M	$814.0M	$605.0M
YoY Change	-11.62%	34.55%	15.24%
LONG-TERM LIABILITIES
Long-Term Debt	$152.0M	$3.000M	$387.0M
YoY Change	-58.7%	-99.22%	29.0%
Other Long-Term Liabilities	$20.00M	$20.00M	$21.00M
YoY Change	0.0%	-4.76%	-19.23%
Total Long-Term Liabilities	$172.0M	$23.00M	$408.0M
YoY Change	-55.67%	-94.36%	25.15%
TOTAL LIABILITIES
Total Short-Term Liabilities	$517.0M	$814.0M	$605.0M
Total Long-Term Liabilities	$172.0M	$23.00M	$408.0M
Total Liabilities	$689.0M	$837.0M	$1.013B
YoY Change	-29.19%	-17.37%	19.04%
SHAREHOLDERS EQUITY
Retained Earnings	-$641.0M	-$665.0M	-$740.0M
YoY Change	-11.22%	-10.14%	-8.53%
Common Stock	$1.771B	$1.768B	$1.758B
YoY Change	0.51%	0.57%	0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$523.0M	$495.0M	$412.0M
YoY Change
Total Liabilities & Shareholders Equity	$1.787B	$1.920B	$2.021B
YoY Change	-10.65%	-5.0%	13.16%

Cashflow Statement

Concept	2024 Q2	2024 Q1	2023 Q1
OPERATING ACTIVITIES
Net Income	$30.00M	$19.00M	$34.00M
YoY Change	25.0%	-44.12%	112.5%
Depreciation, Depletion And Amortization	$10.00M	$10.00M	$10.00M
YoY Change	0.0%	0.0%	0.0%
Cash From Operating Activities	$63.00M	$38.00M	-$30.00M
YoY Change	215.0%	-226.67%	130.77%
INVESTING ACTIVITIES
Capital Expenditures	$8.000M	$6.000M	$3.000M
YoY Change	300.0%	100.0%	50.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$1.000M	$0.00
YoY Change
Cash From Investing Activities	-$8.000M	-$5.000M	-$3.000M
YoY Change	300.0%	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	-152.0M	-$17.00M	$40.00M
YoY Change	508.0%	-142.5%	-2100.0%
NET CHANGE
Cash From Operating Activities	63.00M	$38.00M	-$30.00M
Cash From Investing Activities	-8.000M	-$5.000M	-$3.000M
Cash From Financing Activities	-152.0M	-$17.00M	$40.00M
Net Change In Cash	-97.00M	$16.00M	$7.000M
YoY Change	1285.71%	128.57%	-141.18%
FREE CASH FLOW
Cash From Operating Activities	$63.00M	$38.00M	-$30.00M
Capital Expenditures	$8.000M	$6.000M	$3.000M
Free Cash Flow	$55.00M	$32.00M	-$33.00M
YoY Change	205.56%	-196.97%	120.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Temporary Equity Par Or Stated Value Per Share TemporaryEquityParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	363000
CY2023Q4	us-gaap	Temporary Equity Shares Authorized TemporaryEquitySharesAuthorized	363000
CY2024Q1	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	363000
CY2024Q1	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	363000
CY2024Q1	dei	Amendment Flag AmendmentFlag	false
CY2024Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2024Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2024
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024Q1	mrc	Temporary Equity Dividend Rate Percentage TemporaryEquityDividendRatePercentage	0.065	pure
CY2023Q4	mrc	Temporary Equity Dividend Rate Percentage TemporaryEquityDividendRatePercentage	0.065	pure
CY2023Q4	us-gaap	Temporary Equity Shares Issued TemporaryEquitySharesIssued	363000
CY2023Q4	us-gaap	Temporary Equity Shares Outstanding TemporaryEquitySharesOutstanding	363000
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	109287979
CY2023Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	108531564
CY2024Q1	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	24216330
CY2023Q4	us-gaap	Treasury Stock Common Shares TreasuryStockCommonShares	24216330
CY2024Q1	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q1	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q1	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q1	dei	Document Type DocumentType	10-Q
CY2024Q1	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q1	dei	Document Period End Date DocumentPeriodEndDate	2024-03-31
CY2024Q1	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q1	dei	Entity File Number EntityFileNumber	001-35479
CY2024Q1	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2024Q1	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	20-5956993
CY2024Q1	dei	Entity Address Address Line1 EntityAddressAddressLine1	1301 McKinney Street, Suite 2300
CY2024Q1	dei	Entity Address City Or Town EntityAddressCityOrTown	Houston
CY2024Q1	dei	Entity Address State Or Province EntityAddressStateOrProvince	TX
CY2024Q1	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	77010
CY2024Q1	dei	City Area Code CityAreaCode	877
CY2024Q1	dei	Local Phone Number LocalPhoneNumber	294-7574
CY2024Q1	dei	Security12b Title Security12bTitle	Common Stock, par value $0.01
CY2024Q1	dei	Trading Symbol TradingSymbol	MRC
CY2024Q1	dei	Security Exchange Name SecurityExchangeName	NYSE
CY2024Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2024Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2024Q1	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
CY2024Q1	dei	Entity Small Business EntitySmallBusiness	false
CY2024Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q1	dei	Entity Shell Company EntityShellCompany	false
CY2024Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	85076144
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	146000000	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	131000000	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	478000000	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	430000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	546000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	560000000	usd
CY2024Q1	us-gaap	Other Assets Current OtherAssetsCurrent	34000000	usd
CY2023Q4	us-gaap	Other Assets Current OtherAssetsCurrent	34000000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	1204000000	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	1155000000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	196000000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	205000000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	78000000	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	78000000	usd
CY2024Q1	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	20000000	usd
CY2023Q4	us-gaap	Other Assets Miscellaneous Noncurrent OtherAssetsMiscellaneousNoncurrent	21000000	usd
CY2024Q1	us-gaap	Goodwill Goodwill	264000000	usd
CY2023Q4	us-gaap	Goodwill Goodwill	264000000	usd
CY2024Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	158000000	usd
CY2023Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	163000000	usd
CY2024Q1	us-gaap	Assets Assets	1920000000	usd
CY2023Q4	us-gaap	Assets Assets	1886000000	usd
CY2024Q1	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	402000000	usd
CY2023Q4	us-gaap	Accounts Payable Trade Current AccountsPayableTradeCurrent	355000000	usd
CY2024Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	95000000	usd
CY2023Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	102000000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	25000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	34000000	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	292000000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	292000000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	814000000	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	783000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3000000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	9000000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	186000000	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	186000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	47000000	usd
CY2023Q4	us-gaap	Deferred Income Tax Liabilities Net DeferredIncomeTaxLiabilitiesNet	45000000	usd
CY2024Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	20000000	usd
CY2023Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	20000000	usd
CY2024Q1	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	355000000	usd
CY2023Q4	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent	355000000	usd
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	1000000	usd
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	1000000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1767000000	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	1768000000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-665000000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-678000000	usd
CY2024Q1	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	375000000	usd
CY2023Q4	us-gaap	Treasury Stock Common Value TreasuryStockCommonValue	375000000	usd
CY2024Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-233000000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-228000000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	495000000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	488000000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1920000000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1886000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	806000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	885000000	usd
CY2024Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	643000000	usd
CY2023Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	706000000	usd
CY2024Q1	us-gaap	Gross Profit GrossProfit	163000000	usd
CY2023Q1	us-gaap	Gross Profit GrossProfit	179000000	usd
CY2024Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	125000000	usd
CY2023Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	122000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	38000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	57000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	8000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	7000000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3000000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	47000000	usd
CY2024Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	8000000	usd
CY2023Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	13000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	19000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	34000000	usd
CY2024Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	6000000	usd
CY2023Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	6000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	13000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	28000000	usd
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.33
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84700000
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84000000
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	86100000
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	85400000
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	19000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	34000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-5000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-5000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-1000000	usd
CY2024Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	14000000	usd
CY2023Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	33000000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	488000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	19000000	usd
CY2024Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-5000000	usd
CY2024Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	5000000	usd
CY2024Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	4000000	usd
CY2024Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	6000000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	495000000	usd
CY2022Q4	us-gaap	Stockholders Equity StockholdersEquity	386000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	34000000	usd
CY2023Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	-1000000	usd
CY2023Q1	us-gaap	Adjustments Related To Tax Withholding For Share Based Compensation AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation	4000000	usd
CY2023Q1	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	3000000	usd
CY2023Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	6000000	usd
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	412000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	19000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	34000000	usd
CY2024Q1	mrc	Depreciation And Amortization Gross DepreciationAndAmortizationGross	5000000	usd
CY2023Q1	mrc	Depreciation And Amortization Gross DepreciationAndAmortizationGross	5000000	usd
CY2024Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5000000	usd
CY2023Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	5000000	usd
CY2024Q1	us-gaap	Share Based Compensation ShareBasedCompensation	4000000	usd
CY2023Q1	us-gaap	Share Based Compensation ShareBasedCompensation	3000000	usd
CY2024Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	2000000	usd
CY2023Q1	us-gaap	Deferred Income Tax Expense Benefit DeferredIncomeTaxExpenseBenefit	5000000	usd
CY2024Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-3000000	usd
CY2023Q1	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-4000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	51000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	28000000	usd
CY2024Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-8000000	usd
CY2023Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	96000000	usd
CY2024Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-1000000	usd
CY2023Q1	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	1000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	49000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accounts Payable Trade IncreaseDecreaseInAccountsPayableTrade	54000000	usd
CY2024Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-7000000	usd
CY2023Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-15000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	38000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-30000000	usd
CY2024Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6000000	usd
CY2023Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3000000	usd
CY2024Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-1000000	usd
CY2023Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-0	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-5000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3000000	usd
CY2024Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	14000000	usd
CY2023Q1	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	211000000	usd
CY2024Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	9000000	usd
CY2023Q1	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	262000000	usd
CY2024Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	1000000	usd
CY2023Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	1000000	usd
CY2024Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	6000000	usd
CY2023Q1	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	6000000	usd
CY2024Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	5000000	usd
CY2023Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	4000000	usd
CY2024Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-17000000	usd
CY2023Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	40000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	16000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	7000000	usd
CY2024Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	-1000000	usd
CY2023Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	0	usd
CY2023Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	131000000	usd
CY2022Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	32000000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	146000000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	39000000	usd
CY2024Q1	us-gaap	Interest Paid Net InterestPaidNet	7000000	usd
CY2023Q1	us-gaap	Interest Paid Net InterestPaidNet	7000000	usd
CY2024Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	13000000	usd
CY2023Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	13000000	usd
CY2024Q1	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	10000000	usd
CY2023Q4	us-gaap	Contract With Customer Asset Net ContractWithCustomerAssetNet	9000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	12000000	usd
CY2023Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	7000000	usd
CY2024Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	3000000	usd
CY2023Q1	us-gaap	Contract With Customer Liability Revenue Recognized ContractWithCustomerLiabilityRevenueRecognized	2000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	806000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	885000000	usd
CY2024Q1	us-gaap	Inventory Finished Goods InventoryFinishedGoods	844000000	usd
CY2023Q4	us-gaap	Inventory Finished Goods InventoryFinishedGoods	859000000	usd
CY2024Q1	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	283000000	usd
CY2023Q4	us-gaap	Inventory Lifo Reserve InventoryLIFOReserve	282000000	usd
CY2024Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	15000000	usd
CY2023Q4	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	17000000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	546000000	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	560000000	usd
CY2024Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	11000000	usd
CY2023Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	10000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	35000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	41000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	35000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	30000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	26000000	usd
CY2024Q1	mrc	Lessee Operating Lease Liability To Be Paid After Year Four LesseeOperatingLeaseLiabilityToBePaidAfterYearFour	136000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	303000000	usd
CY2024Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	92000000	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	211000000	usd
CY2024Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P11Y
CY2024Q1	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.066	pure
CY2024Q1	us-gaap	Long Term Debt LongTermDebt	295000000	usd
CY2023Q4	us-gaap	Long Term Debt LongTermDebt	301000000	usd
CY2024Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	292000000	usd
CY2023Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	292000000	usd
CY2024Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3000000	usd
CY2023Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	9000000	usd
CY2024Q1	us-gaap	Net Income Loss NetIncomeLoss	19000000	usd
CY2023Q1	us-gaap	Net Income Loss NetIncomeLoss	34000000	usd
CY2024Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	6000000	usd
CY2023Q1	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	6000000	usd
CY2024Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	13000000	usd
CY2023Q1	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	28000000	usd
CY2024Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84700000
CY2023Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84000000
CY2024Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1400000
CY2023Q1	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	1400000
CY2024Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	86100000
CY2023Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	85400000
CY2024Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
CY2023Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.33
CY2024Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2023Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.33
CY2024Q1	us-gaap	Number Of Operating Segments NumberOfOperatingSegments	3	pure
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	806000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	885000000	usd
CY2024Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	38000000	usd
CY2023Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	57000000	usd
CY2024Q1	us-gaap	Interest Expense InterestExpense	8000000	usd
CY2023Q1	us-gaap	Interest Expense InterestExpense	7000000	usd
CY2024Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3000000	usd
CY2023Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-3000000	usd
CY2024Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	27000000	usd
CY2023Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	47000000	usd
CY2024Q1	us-gaap	Assets Assets	1920000000	usd
CY2023Q4	us-gaap	Assets Assets	1886000000	usd
CY2024Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	806000000	usd
CY2023Q1	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	885000000	usd
CY2024Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	295000000	usd
CY2023Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	301000000	usd

Files In Submission

Name	View Source	Status
0001437749-24-015559-index-headers.html	Edgar Link	pending
0001437749-24-015559-index.html	Edgar Link	pending
0001437749-24-015559.txt	Edgar Link	pending
0001437749-24-015559-xbrl.zip	Edgar Link	pending
ex_628642.htm	Edgar Link	pending
ex_628643.htm	Edgar Link	pending
ex_628644.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
mrc-20240331.xsd	Edgar Link	pending
mrc20240331c_10q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
mrc20240331c_10q_htm.xml	Edgar Link	completed
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
mrc-20240331_def.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
mrc-20240331_cal.xml	Edgar Link	unprocessable
mrc-20240331_lab.xml	Edgar Link	unprocessable
mrc-20240331_pre.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MRC
MRC GLOBAL INC. Stock $mrc

2024 Q2 Form 10-Q Financial Statement

#000143774924015559 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MRC MRC GLOBAL INC. Stock $mrc

2024 Q2 Form 10-Q Financial Statement

#000143774924015559 Filed on May 09, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MRC
MRC GLOBAL INC. Stock $mrc