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 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,011 | 3,412 | 3,363 | 2,666 | 2,560 | — | — | — |
| Cost of sales | 2,391 | 2,722 | 2,753 | 2,249 | 2,129 | 3,009 | 3,483 | 3,064 |
| Gross profit | 620 | 690 | 610 | 417 | 431 | 653 | 689 | 582 |
| Selling, general and administrative expenses | 485 | 503 | 470 | 410 | 449 | 550 | 562 | 536 |
| Goodwill and intangible asset impairment | — | — | 0 | 0 | 242 | — | — | — |
| Operating income | 135 | 187 | 140 | 7 | (260) | 103 | 127 | 46 |
| Other (expense) income: | ||||||||
| Interest expense | (26) | (32) | (24) | (23) | (28) | (40) | (38) | (31) |
| Write off of debt issuance costs | — | — | — | — | 0 | — | (1) | (8) |
| Other, net | (4) | (2) | (6) | 2 | 5 | 3 | 7 | — |
| Income (loss) before income taxes | — | — | — | — | — | — | — | 7,000,000 |
| Income from continuing operations before income taxes | 105 | 153 | 110 | (14) | (283) | 66 | 95 | — |
| Income tax expense from continuing operations | 27 | 39 | 35 | 0 | (9) | 27 | 21 | (43) |
| Net income from continuing operations | 78 | — | — | — | — | — | — | — |
| (Loss) income from discontinued operations, net of tax | (23) | — | — | — | — | — | — | — |
| Net income | 55 | 114 | 75 | (14) | (274) | 39 | 74 | 50 |
| Series A preferred stock dividends | — | — | — | — | — | — | — | 24,000,000 |
| Series A preferred stock dividends | 20 | 24 | 24 | 24 | 24 | 24 | 24 | — |
| Net income (loss) attributable to common stockholders | — | 90 | 51 | (38) | (298) | 15 | 50 | 26 |
| 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) | (3.63) | 0.18 | 0.55 | 0.28 |
| 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) | (3.63) | 0.18 | 0.54 | 0.27 |
| Weighted-average common shares, basic (in shares) | 85,100,000 | 84,200,000 | 83,500,000 | 82,500,000 | 82,000,000 | 83,000,000 | 90,100,000 | 94,300,000 |
| Weighted-average common shares, diluted (in shares) | 86,600,000 | 85,500,000 | 84,900,000 | 82,500,000 | 82,000,000 | 83,900,000 | 91,800,000 | 95,600,000 |
| Sales | — | — | — | — | — | 3,662,000,000 | 4,172,000,000 | — |
| Sales | — | — | — | — | — | — | — | 3,646,000,000 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.