MRC · As filed with the SEC

MRC Global cash flow statement, 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 Statements of Cash Flows (Unaudited) · USD millions

USD millions	Q3 2025^† 3 months ended Sep 30, 2025	Q2 2025^† 3 months ended Jun 30, 2025	Q1 2025 3 months ended Mar 31, 2025	Q4 2024^† 3 months ended Dec 31, 2024
Net income	(9)^†	13^†	8	(1)^†
Adjustments to reconcile net income from continuing operations to net cash (used in) provided by continuing operations:
Depreciation and amortization	6^†	7^†	5	5^†
Amortization of intangibles	4^†	4^†	5	4^†
Equity-based compensation expense	4^†	4^†	4	5^†
Increase (decrease) in LIFO reserve	13^†	—	—	2^†
Other non-cash items	2^†	(5)^†	2	(1)^†
Deferred income tax (benefit)	(2)^†	(1)^†	1	(2)^†
Changes in operating assets and liabilities:
Accounts receivable	(4)^†	(21)^†	(59)	66^†
Inventories	(47)^†	(38)^†	(44)	2^†
Other current assets	(2)^†	(9)^†	5	3^†
Accounts payable	(4)^†	6^†	100	(41)^†
Accrued expenses and other current liabilities	3^†	(17)^†	(6)	26^†
Operating cash flows from continuing operations	(36)^†	(46)^†	21	73^†
Operating cash flows from discontinued operations	(1)^†	2^†	(7)	6^†
Net cash (used in) provided by operating activities	(37)^†	(44)^†	14	79^†
Investing activities
Purchases of property, plant and equipment	(6)^†	(15)^†	(9)	(5)^†
Other investing activities	0^†	5^†	0	0^†
Investing cash flows from continuing operations	(6)^†	(10)^†	(9)	(5)^†
Investing cash flows from discontinued operations	1^†	0^†	17	0^†
Net cash used in investing activities	(5)^†	(10)^†	8	(5)^†
Financing activities
Payments on revolving credit facilities	(167)^†	(153)^†	(184)	(173)^†
Proceeds from revolving credit facilities	195^†	232^†	168	132^†
Payments on debt obligations	(1)^†	(1)^†	0	0^†
Dividends paid on preferred stock	0^†	0^†	0	(5)^†
Repurchases of common stock	0^†	—	—	—
Repurchases of shares to satisfy tax withholdings	0^†	(1)^†	(6)	0^†
Other financing activities	0^†	—	—	(2)^†
Financing cash flows from continuing operations	26^†	62^†	(23)	(72)^†
Financing cash flows from discontinued operations	0^†	0^†	0	0^†
Net cash provided by (used in) financing activities	26^†	62^†	(23)	(72)^†
Debt issuance costs paid	—	—	(1)	(7)^†
Decrease in cash	(16)^†	8^†	(1)	2^†
Effect of foreign exchange rate on cash	0^†	4^†	1	(1)^†
Cash -- beginning of period	75	63	63	62
Cash -- end of period	59	75	63	63
Supplemental disclosures of cash flow information:
Cash paid for interest, net of capitalized interest	9^†	13^†	9	1^†
Cash paid for income taxes	0^†	8^†	2	2^†
Supplemental non-cash transactions:
Change in accrued purchases of property, plant and equipment	—	—	1	5^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

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