MRC · As filed with the SEC
MRC Global cash flow 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 Cash Flows · USD millions
| USD millions | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 |
|---|---|---|---|---|
| Operating activities | ||||
| Net income (loss) | — | 114 | 75 | (14) |
| Net income from continuing operations | 78 | — | — | — |
| Adjustments to reconcile net income from continuing operations to net cash provided by (used in) continuing operations: | ||||
| Depreciation and amortization | 21 | 19 | 18 | 19 |
| Amortization of intangibles | 19 | 21 | 21 | 24 |
| Equity-based compensation expense | 16 | 14 | 13 | 12 |
| Deferred income tax benefit | (8) | (7) | (7) | (15) |
| Amortization of debt issuance costs | — | — | 1 | 2 |
| (Decrease) increase in LIFO reserve | (2) | 2 | 66 | 77 |
| Goodwill and intangible asset impairment | — | — | 0 | 0 |
| Lease impairment and abandonment | — | — | 0 | 0 |
| Inventory-related charges | — | — | 0 | 0 |
| Provision for credit losses | — | — | 0 | (1) |
| Gain on sale leaseback | — | — | 0 | 0 |
| Foreign currency losses | 5 | — | — | — |
| Other non-cash items | 7 | 7 | 3 | 0 |
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | 25 | 72 | (128) | (61) |
| Inventories | 90 | 16 | (196) | (27) |
| Other current assets | 0 | (3) | (9) | (2) |
| Accounts payable | (10) | (58) | 90 | 60 |
| Accrued expenses and other current liabilities | 27 | (16) | 33 | (18) |
| Operating cash flows from continuing operations | 268 | — | — | — |
| Operating cash flows from discontinued operations | 8 | — | — | — |
| Net cash provided by (used in) operating activities | 276 | 181 | (20) | 56 |
| Investing activities | ||||
| Purchases of property, plant and equipment | (28) | (15) | (11) | (10) |
| Proceeds from the disposition of property, plant and equipment | 0 | 1 | 0 | 3 |
| Other investing activities | 1 | — | — | 0 |
| Investing cash flows from continuing operations | (27) | — | — | — |
| Investing cash flows from discontinued operations | 0 | — | — | — |
| Net cash used in investing activities | (27) | (14) | (11) | (7) |
| Financing activities | ||||
| Payments on revolving credit facilities | (449) | (882) | (779) | (389) |
| Proceeds from revolving credit facilities | 484 | 847 | 824 | 389 |
| Payments on debt obligations | (295) | (3) | (2) | (87) |
| Proceeds from term loan | 348 | — | — | — |
| Debt issuance costs paid | (7) | (1) | 0 | (3) |
| Purchases of common stock | — | — | — | 0 |
| Repurchase of preferred stock | (365) | — | — | — |
| Dividends paid on preferred stock | (23) | (24) | (24) | (24) |
| Repurchases of shares to satisfy tax withholdings | (5) | (4) | (2) | (4) |
| Other financing activities | (2) | — | — | — |
| Financing cash flows from continuing operations | (314) | — | — | — |
| Financing cash flows from discontinued operations | 0 | — | — | — |
| Net cash (used in) provided by financing activities | (314) | (67) | 17 | (118) |
| Cash end of year | 63 | 131 | 32 | — |
| Supplemental non-cash transactions: | ||||
| Equity-based compensation expense capitalized to software development costs | 1 | — | — | — |
| Change in accrued purchases of property, plant and equipment | 5 | — | — | — |
| (Decrease) increase in cash | (65) | 100 | (14) | (69) |
| Effect of foreign exchange rate on cash | — | — | — | (2) |
| Cash beginning of year | — | — | 48 | 119 |
| Cash end of year | — | — | — | 48 |
| Effect of foreign exchange rate on cash | (3) | (1) | (2) | — |
| Cash beginning of year | 131 | 32 | 48 | — |
| Supplemental cash flow information: | ||||
| Cash paid for income taxes | 40 | 55 | 35 | 15 |
| Cash paid for interest, net of capitalized interest | 18 | 33 | 21 | 21 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.