MRC · As filed with the SEC
MRC Global income statement, by fiscal year
The statement as MRC Global presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
Consolidated Statements of Operations · USD millions, except per-share amounts
| USD millions, except per-share amounts | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Sales | 3,011 | 3,412 | 3,363 | 2,666 |
| Cost of sales | 2,391 | 2,722 | 2,753 | 2,249 |
| Gross profit | 620 | 690 | 610 | 417 |
| Selling, general and administrative expenses | 485 | 503 | 470 | 410 |
| Goodwill and intangible asset impairment | — | — | 0 | 0 |
| Operating income | 135 | 187 | 140 | 7 |
| Other (expense) income: | ||||
| Interest expense | (26) | (32) | (24) | (23) |
| Other, net | (4) | (2) | (6) | 2 |
| Income from continuing operations before income taxes | 105 | 153 | 110 | (14) |
| Income tax expense from continuing operations | 27 | 39 | 35 | 0 |
| Net income from continuing operations | 78 | — | — | — |
| (Loss) income from discontinued operations, net of tax | (23) | — | — | — |
| Net income | 55 | 114 | 75 | (14) |
| Series A preferred stock dividends | 20 | 24 | 24 | 24 |
| Net income (loss) attributable to common stockholders | — | 90 | 51 | (38) |
| Loss on repurchase and retirement of preferred stock | 9 | — | — | — |
| Net income attributable to common stockholders | 26 | — | — | — |
| Basic earnings (loss) per common share: | ||||
| Income from continued operations (in dollars per share) | 0.58 | — | — | — |
| (Loss) income from discontinued operations (in dollars per share) | (0.27) | — | — | — |
| Basic earnings per common share (in dollars per share) | 0.31 | 1.07 | 0.61 | (0.46) |
| Diluted earnings (loss) per common share: | ||||
| Income from continued operations (in dollars per share) | 0.57 | — | — | — |
| (Loss) income from discontinued operations (in dollars per share) | (0.27) | — | — | — |
| Diluted earnings per common share (in dollars per share) | 0.30 | 1.05 | 0.60 | (0.46) |
| Weighted-average common shares, basic (in shares) | 85,100,000 | 84,200,000 | 83,500,000 | 82,500,000 |
| Weighted-average common shares, diluted (in shares) | 86,600,000 | 85,500,000 | 84,900,000 | 82,500,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.