10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001439095-15-000016 |
| Period End Date | 20150331 |
| Filing Date | 20150501 |
| Fiscal Year | 2015 |
| Fiscal Period | Q1 |
| XBRL Instance | mrc-20150331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, shares issued |
CommonStockSharesIssued
|
0.01 | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
102,143.00 | shares | Point-in-time |
| Common stock, shares outstanding |
CommonStockSharesOutstanding
|
102,095.00 | shares | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Preferred stock, shares outstanding |
PreferredStockSharesOutstanding
|
0.00 | shares | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$30.14M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$25.06M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$25.19M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$49.28M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$974.45M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$849.95M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$1.19B | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$1.18B | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$35.70M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$38.87M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.22B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.11B | USD | Point-in-time |
| Other assets |
OtherAssetsMiscellaneousNoncurrent
|
$28.53M | USD | Point-in-time |
| Other assets |
OtherAssetsMiscellaneousNoncurrent
|
$28.79M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$111.17M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$116.00M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$806.01M | USD | Point-in-time |
| Goodwill, net |
Goodwill
|
$788.80M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$677.94M | USD | Point-in-time |
| Other intangible assets, net |
FiniteLivedIntangibleAssetsNet
|
$701.12M | USD | Point-in-time |
| Total assets |
Assets
|
$3.87B | USD | Point-in-time |
| Total assets |
Assets
|
$3.72B | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$521.62M | USD | Point-in-time |
| Trade accounts payable |
AccountsPayableTradeCurrent
|
$538.94M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$167.82M | USD | Point-in-time |
| Accrued expenses and other current liabilities |
AccruedLiabilitiesCurrent
|
$140.55M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesCurrent
|
$68.04M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesCurrent
|
$69.44M | USD | Point-in-time |
| Current portion of long term debt |
LongTermDebtCurrent
|
$7.93M | USD | Point-in-time |
| Current portion of long term debt |
LongTermDebtCurrent
|
$7.93M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$738.14M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$784.14M | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$1.37B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$1.45B | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$223.71M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$219.19M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$22.55M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$23.05M | USD | Point-in-time |
| Commitments and contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.01 par value per share: 500,000 shares authorized, 102,143 and 102,095 issued and outstanding, respectively |
CommonStockValue
|
$1.02M | USD | Point-in-time |
| Common stock, $0.01 par value per share: 500,000 shares authorized, 102,143 and 102,095 issued and outstanding, respectively |
CommonStockValue
|
$1.02M | USD | Point-in-time |
| Preferred stock, $0.01 par value per share; 100,000 shares authorized, no shares issued and outstanding |
PreferredStockValue
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.66B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.66B | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-93.56M | USD | Point-in-time |
| Retained deficit |
RetainedEarningsAccumulatedDeficit
|
$-122.62M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-190.03M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-136.88M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.40B | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquity
|
$1.38B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.87B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.72B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Sales |
SalesRevenueNet
|
$1.29B | USD | 1 Quarter |
| Sales |
SalesRevenueNet
|
$1.31B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.07B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.07B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$232.13M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$219.92M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$159.45M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$171.39M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$60.47M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$60.74M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$14.60M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$15.15M | USD | 1 Quarter |
| Change in fair value of derivative instruments |
UnrealizedGainLossOnDerivatives
|
$-3.56M | USD | 1 Quarter |
| Change in fair value of derivative instruments |
UnrealizedGainLossOnDerivatives
|
$-743.00K | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-3.68M | USD | 1 Quarter |
| Other, net |
OtherNonoperatingIncomeExpense
|
$-8.87M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$42.20M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$36.72M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$13.20M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$13.14M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$23.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$29.07M | USD | 1 Quarter |
| Basic earnings per common share |
EarningsPerShareBasic
|
$0.28 | USD | 1 Quarter |
| Basic earnings per common share |
EarningsPerShareBasic
|
$0.23 | USD | 1 Quarter |
| Diluted earnings per common share |
EarningsPerShareDiluted
|
$0.23 | USD | 1 Quarter |
| Diluted earnings per common share |
EarningsPerShareDiluted
|
$0.28 | USD | 1 Quarter |
| Weighted-average common shares, basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
102.12M | shares | 1 Quarter |
| Weighted-average common shares, basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
101.92M | shares | 1 Quarter |
| Weighted-average common shares, diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
102.74M | shares | 1 Quarter |
| Weighted-average common shares, diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
102.24M | shares | 1 Quarter |
Cash Flow Statement
74 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$23.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$29.07M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.11M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$5.18M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$15.73M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$15.88M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$1.81M | USD | 1 Quarter |
| Equity-based compensation expense |
ShareBasedCompensation
|
$2.46M | USD | 1 Quarter |
| Deferred income tax benefit |
DeferredIncomeTaxExpenseBenefit
|
$-6.81M | USD | 1 Quarter |
| Deferred income tax benefit |
DeferredIncomeTaxExpenseBenefit
|
$-8.04M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.35M | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCostsAndDiscounts
|
$1.15M | USD | 1 Quarter |
| (Decrease) increase in LIFO reserve |
InventoryLIFOReserveEffectOnIncomeNet
|
$1.31M | USD | 1 Quarter |
| (Decrease) increase in LIFO reserve |
InventoryLIFOReserveEffectOnIncomeNet
|
$-237.00K | USD | 1 Quarter |
| Change in fair value of derivative instruments |
UnrealizedGainLossOnDerivatives
|
$-3.56M | USD | 1 Quarter |
| Change in fair value of derivative instruments |
UnrealizedGainLossOnDerivatives
|
$-743.00K | USD | 1 Quarter |
| Provision for uncollectible accounts |
ProvisionForDoubtfulAccounts
|
$244.00K | USD | 1 Quarter |
| Provision for uncollectible accounts |
ProvisionForDoubtfulAccounts
|
$1.15M | USD | 1 Quarter |
| Foreign currency losses (gains) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$1.64M | USD | 1 Quarter |
| Foreign currency losses (gains) |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-4.16M | USD | 1 Quarter |
| Other non-cash items |
NonoperatingLossesAndOtherNonCashIncomeExpense
|
$783.00K | USD | 1 Quarter |
| Other non-cash items |
NonoperatingLossesAndOtherNonCashIncomeExpense
|
$804.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$39.34M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-103.16M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$46.14M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$8.61M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInIncomeTaxes
|
$11.15M | USD | 1 Quarter |
| Income taxes payable |
IncreaseDecreaseInIncomeTaxes
|
$22.01M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-4.93M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherOperatingAssets
|
$4.28M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-6.01M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$-45.70M | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-32.02M | USD | 1 Quarter |
| Accrued expenses and other current liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-15.14M | USD | 1 Quarter |
| Net cash provided by (used in) operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-74.32M | USD | 1 Quarter |
| Net cash provided by (used in) operations |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$115.62M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$4.41M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$1.96M | USD | 1 Quarter |
| Proceeds from the disposition of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$492.00K | USD | 1 Quarter |
| Proceeds from the disposition of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$551.00K | USD | 1 Quarter |
| Acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$247.20M | USD | 1 Quarter |
| Other investment and notes receivable transactions |
PaymentsForProceedsFromOtherInvestingActivities
|
$2.92M | USD | 1 Quarter |
| Other investment and notes receivable transactions |
PaymentsForProceedsFromOtherInvestingActivities
|
$734.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-6.84M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-249.34M | USD | 1 Quarter |
| Payments on revolving credit facilities |
RepaymentsOfLinesOfCredit
|
$321.56M | USD | 1 Quarter |
| Payments on revolving credit facilities |
RepaymentsOfLinesOfCredit
|
$451.81M | USD | 1 Quarter |
| Proceeds from revolving credit facilities |
ProceedsFromLinesOfCredit
|
$243.25M | USD | 1 Quarter |
| Proceeds from revolving credit facilities |
ProceedsFromLinesOfCredit
|
$781.11M | USD | 1 Quarter |
| Payments on long term obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$1.98M | USD | 1 Quarter |
| Payments on long term obligations |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$1.98M | USD | 1 Quarter |
| Debt issuance costs paid |
PaymentsOfDebtIssuanceCosts
|
$90.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$329.00K | USD | 1 Quarter |
| Proceeds from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$84.00K | USD | 1 Quarter |
| Tax benefit on stock options |
DeferredTaxExpenseFromStockOptionsExercised
|
$-9.00K | USD | 1 Quarter |
| Other |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-109.00K | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-80.32M | USD | 1 Quarter |
| Net cash (used in) provided by financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$327.55M | USD | 1 Quarter |
| Increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$28.46M | USD | 1 Quarter |
| Increase in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$3.89M | USD | 1 Quarter |
| Effect of foreign exchange rate on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-4.25M | USD | 1 Quarter |
| Effect of foreign exchange rate on cash |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.06M | USD | 1 Quarter |
| Cash -- beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$30.14M | USD | Point-in-time |
| Cash -- beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$25.06M | USD | Point-in-time |
| Cash -- beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$25.19M | USD | Point-in-time |
| Cash -- beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.28M | USD | Point-in-time |
| Cash -- end of period |
CashAndCashEquivalentsAtCarryingValue
|
$30.14M | USD | Point-in-time |
| Cash -- end of period |
CashAndCashEquivalentsAtCarryingValue
|
$25.06M | USD | Point-in-time |
| Cash -- end of period |
CashAndCashEquivalentsAtCarryingValue
|
$25.19M | USD | Point-in-time |
| Cash -- end of period |
CashAndCashEquivalentsAtCarryingValue
|
$49.28M | USD | Point-in-time |
| Cash paid for interest |
InterestPaid
|
$13.54M | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$13.51M | USD | 1 Quarter |
| Cash paid (received) for income taxes |
IncomeTaxesPaidNet
|
$10.34M | USD | 1 Quarter |
| Cash paid (received) for income taxes |
IncomeTaxesPaidNet
|
$-2.04M | USD | 1 Quarter |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$23.52M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$29.07M | USD | 1 Quarter |
| Other comprehensive (loss) income - Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
$2.33M | USD | 1 Quarter |
| Other comprehensive (loss) income - Foreign currency translation adjustments |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
|
$-53.15M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$-24.09M | USD | 1 Quarter |
| Comprehensive (loss) income |
ComprehensiveIncomeNetOfTax
|
$25.85M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.