$MRC
MRC GLOBAL INC.

2024 Q3 Form 10-Q Financial Statement

#000143774924025158 Filed on August 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $797.0M $832.0M
YoY Change -10.25% -4.48%
Cost Of Revenue $637.0M $659.0M
YoY Change -9.65% -5.32%
Gross Profit $160.0M $173.0M
YoY Change -12.57% -1.14%
Gross Profit Margin 20.08% 20.79%
Selling, General & Admin $123.0M $126.0M
YoY Change -2.38% -3.08%
% of Gross Profit 76.88% 72.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $11.00M $10.00M
YoY Change 10.0% 0.0%
% of Gross Profit 6.88% 5.78%
Operating Expenses $123.0M $126.0M
YoY Change -2.38% -3.08%
Operating Profit $37.00M $47.00M
YoY Change -35.09% 4.44%
Interest Expense $4.000M $7.000M
YoY Change -55.56% -30.0%
% of Operating Profit 10.81% 14.89%
Other Income/Expense, Net -$1.000M $2.000M
YoY Change -200.0% -300.0%
Pretax Income $32.00M $42.00M
YoY Change -34.69% 23.53%
Income Tax $3.000M $12.00M
% Of Pretax Income 9.38% 28.57%
Net Earnings $29.00M $30.00M
YoY Change -17.14% 25.0%
Net Earnings / Revenue 3.64% 3.61%
Basic Earnings Per Share $0.27 $0.28
Diluted Earnings Per Share $0.27 $0.28
COMMON SHARES
Basic Shares Outstanding 85.24M 85.08M
Diluted Shares Outstanding 86.20M 86.40M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $62.00M $49.00M
YoY Change 19.23% 58.06%
Cash & Equivalents $62.00M $49.00M
Short-Term Investments
Other Short-Term Assets $41.00M $38.00M
YoY Change 17.14% -2.56%
Inventory $462.0M $509.0M
Prepaid Expenses
Receivables $478.0M $481.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.043B $1.077B
YoY Change -14.86% -14.73%
LONG-TERM ASSETS
Property, Plant & Equipment $85.00M $80.00M
YoY Change 10.39% 2.56%
Goodwill $264.0M $264.0M
YoY Change 0.0% 0.0%
Intangibles $148.0M $153.0M
YoY Change -11.9% -11.56%
Long-Term Investments
YoY Change
Other Assets $31.00M $18.00M
YoY Change 72.22% 12.5%
Total Long-Term Assets $713.0M $710.0M
YoY Change -2.73% -3.66%
TOTAL ASSETS
Total Short-Term Assets $1.043B $1.077B
Total Long-Term Assets $713.0M $710.0M
Total Assets $1.756B $1.787B
YoY Change -10.32% -10.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $382.0M $378.0M
YoY Change -12.79% -15.63%
Accrued Expenses $108.0M $105.0M
YoY Change -2.7% 8.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $524.0M $517.0M
YoY Change -11.19% -11.62%
LONG-TERM LIABILITIES
Long-Term Debt $85.00M $152.0M
YoY Change -71.67% -58.7%
Other Long-Term Liabilities $27.00M $20.00M
YoY Change 35.0% 0.0%
Total Long-Term Liabilities $112.0M $172.0M
YoY Change -65.0% -55.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $524.0M $517.0M
Total Long-Term Liabilities $112.0M $172.0M
Total Liabilities $636.0M $689.0M
YoY Change -30.11% -29.19%
SHAREHOLDERS EQUITY
Retained Earnings -$618.0M -$641.0M
YoY Change -10.82% -11.22%
Common Stock $1.775B $1.771B
YoY Change 0.57% 0.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $557.0M $523.0M
YoY Change
Total Liabilities & Shareholders Equity $1.756B $1.787B
YoY Change -10.32% -10.65%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $29.00M $30.00M
YoY Change -17.14% 25.0%
Depreciation, Depletion And Amortization $11.00M $10.00M
YoY Change 10.0% 0.0%
Cash From Operating Activities $96.00M $63.00M
YoY Change -5.88% 215.0%
INVESTING ACTIVITIES
Capital Expenditures $9.000M $8.000M
YoY Change 80.0% 300.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$9.000M -$8.000M
YoY Change 28.57% 300.0%
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 -152.0M
YoY Change 0.0% 508.0%
NET CHANGE
Cash From Operating Activities 96.00M 63.00M
Cash From Investing Activities -9.000M -8.000M
Cash From Financing Activities -73.00M -152.0M
Net Change In Cash 14.00M -97.00M
YoY Change -36.36% 1285.71%
FREE CASH FLOW
Cash From Operating Activities $96.00M $63.00M
Capital Expenditures $9.000M $8.000M
Free Cash Flow $87.00M $55.00M
YoY Change -10.31% 205.56%

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