MRC · As filed with the SEC

MRC Global balance sheet, by quarter

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.

Condensed Consolidated Balance Sheets (Current Period Unaudited) · USD millions

USD millions	Q3 2025 Sep 30, 2025	Q2 2025 Jun 30, 2025	Q1 2025 Mar 31, 2025	Q4 2024 Dec 31, 2024
Current assets:
Cash	59	75	63	63
Accounts receivable, net	473	469	442	378
Inventories, net	523	490	460	415
Other current assets	49	43	30	29
Current assets of discontinued operations	1	1	4	36
Total current assets	1,105	1,078	999	921
Long-term assets:
Operating lease assets	160	159	171	170
Property, plant and equipment, net	100	102	95	89
Other assets	36	36	36	37
Noncurrent assets of discontinued operations	—	—	—	0
Intangible assets:
Goodwill, net	264	264	264	264
Other intangible assets, net	130	135	139	143
Total assets	1,795	1,774	1,704	1,624
Trade accounts payable	433	438	434	329
Accrued expenses and other current liabilities	119	114	121	124
Operating lease liabilities	31	31	32	31
Current portion of debt obligations	4	4	4	3
Current liabilities of discontinued operations	1	0	2	21
Total current liabilities	588	587	593	508
Long-term liabilities:
Long-term debt	472	445	367	384
Operating lease liabilities	141	142	153	153
Deferred income taxes	35	37	39	35
Other liabilities	28	27	27	28
Noncurrent liabilities of discontinued operations	—	—	—	0
Series A Preferred Stock	—	—	—	0
Stockholders' equity:
Common stock, $0.01 par value per share: 500 million shares authorized, 110,424,832 and 109,460,293 issued, respectively	1	1	1	1
Additional paid-in capital	1,785	1,781	1,777	1,779
Retained deficit	(670)	(661)	(674)	(652)
Less: Treasury stock at cost: 25,433,286 and 24,216,330 shares, respectively	(390)	(390)	(375)	(375)
Accumulated other comprehensive loss	(195)	(195)	(204)	(237)
Total stockholders' equity	531	536	525	516
Total liabilities and stockholders' equity	1,795	1,774	1,704	1,624

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.