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MATRIX SERVICE CO (MTRX)

Balance Sheet

Standardized | As Reported Annual | Quarterly
  Older >>
In millions, except per share itemsMar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Assets          
Current assets:          
    Cash and cash equivalents  48.231.514.352.434.165.034.783.9
    Accounts receivable, less allowances (March 31, 2023—$1,100 and June 30, 2022—$1,320)  163.4182.1149.3153.9137.7121.6144.9148.0
    Costs and estimated earnings in excess of billings on uncompleted contracts  53.446.659.644.846.434.533.830.8
    Inventories  8.08.08.410.06.96.36.37.3
    Income taxes receivable  0.513.513.513.513.716.216.817.0
    Other current assets  4.84.75.612.97.38.511.24.2
        Total current assets  284.8294.5260.6287.4246.1254.7250.3291.2
Property, plant and equipment, net  50.550.751.753.960.562.765.869.4
Operating lease right-of-use assets  22.923.921.222.120.820.421.522.4
Goodwill  29.729.741.942.142.260.560.560.6
Other intangible assets, net of accumulated amortization  3.53.94.44.85.25.76.16.6
   
Deferred income taxes          
Other assets, non-current  9.510.46.25.513.211.510.412.0
    Total assets  425.9438.1410.9440.8413.1440.6450.3467.6
   
Liabilities and stockholders’ equity          
Current liabilities:          
    Accounts payable  65.580.668.674.968.256.066.060.9
    Billings on uncompleted contracts in excess of costs and estimated earnings  114.799.853.365.173.984.951.053.8
    Accrued wages and benefits  13.312.416.621.523.116.020.221.0
    Accrued insurance  5.85.87.06.16.36.26.66.6
    Operating lease liabilities  4.64.54.95.74.95.45.65.7
    Other accrued expenses  4.55.54.24.43.85.64.95.3
        Total current liabilities  208.4208.6154.6177.8180.2173.9154.3153.4
Deferred income taxes  0.00.00.00.00.00.00.00.0
Operating lease liabilities  21.722.719.719.919.618.920.020.8
Borrowings under asset-backed credit facility  15.015.015.015.0    
Other liabilities  0.80.40.30.40.42.17.77.8
    Total liabilities  245.9246.7189.7213.1200.2195.0182.0182.0
   
Commitments and contingencies          
Stockholders' equity:          
    Common stock—$.01 par value; 60  0.30.30.30.30.30.30.30.3
    Additional paid-in capital  139.3138.0137.7139.9137.9135.9135.3137.6
    Retained earnings  59.371.9104.8111.397.8132.7157.6175.2
    Accumulated other comprehensive loss  -8.9-8.7-9.9-8.2-7.5-7.4-7.5-6.7
        Stockholders' equity  189.9201.5232.8243.2228.5261.5285.7306.3
Treasury stock, at cost — 850,661 shares as of March 31, 2023, and 1,097,703 shares as of June 30, 2022  -9.9-10.1-11.5-15.5-15.7-15.9-17.4-20.7
Total stockholders' equity  180.0191.5221.3227.7212.8245.6268.3285.5
    Total liabilities and stockholders’ equity  425.9438.1410.9440.8413.1440.6450.3467.6

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