McGRATH RENTCORP MGRC Income Statement

Mcgrath rentcorp (MGRC)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Revenues
Rental
353,889	318,774	289,417	271,388	273,696	269,575	255,766	248,444	234,906	200,615	186,442
Rental related services
101,038	82,907	78,068	75,859	73,314	64,132	53,148	46,920	39,486	34,702	33,352
Rental operations
454,927	401,681	367,485	347,247	347,010	333,707	308,914	295,364	274,392	235,317	219,794
Revenues
115,303	96,649	94,549	76,833	-	-	-	-	-	-	-
Total revenues
570,230	498,330	462,034	424,080	404,544	408,122	379,509	364,039	342,670	291,400	275,833
Costs and Expenses
Direct costs of rental operations:
Depreciation of rental equipment
80,391	73,139	69,908	72,197	75,213	72,678	68,208	63,819	60,187	56,399	57,215
Rental related services
76,241	64,298	60,029	59,044	57,144	48,849	40,189	37,207	30,692	26,542	25,271
Other
79,365	68,678	65,472	60,130	58,511	56,946	55,017	45,581	39,859	40,007	33,147
Total direct costs of rental operations
235,997	206,115	195,409	191,371	190,868	178,473	163,414	146,607	130,738	122,948	115,633
Costs of sales
68,068	58,964	60,280	48,542	36,769	47,430	47,080	49,173	45,141	37,637	38,695
Total costs of revenues
304,065	265,079	255,689	239,913	227,637	225,903	210,494	195,780	175,879	160,585	154,328
Gross profit
266,165	233,251	206,345	184,167	176,907	182,219	169,015	168,259	166,791	130,815	121,505
Selling and administrative expenses
124,793	115,770	111,605	104,908	99,950	96,859	88,765	86,278	78,127	65,579	60,426
Income from operations
141,372	117,481	94,740	79,259	76,957	85,360	80,250	81,981	88,664	65,236	61,079
Other income (expense):
Interest expense
12,331	12,297	11,622	12,207	10,092	9,280	8,687	-9,149	7,606	6,186	7,105
Gain on sale of property, plant and equipment
-	-	-	-	-	812	-	-	-	-	-
Foreign currency exchange (loss) gain
84	-489	334	-121	-488	-331	-189	35	-	-	-
Income before provision for income taxes
129,125	104,695	83,452	66,931	66,377	76,561	71,374	72,867	81,058	59,050	53,974
Provision for income taxes
32,319	25,289	-70,468	28,680	25,907	30,852	27,977	28,090	31,456	22,571	20,649
Net income
96,806	79,406	153,920	38,251	40,470	45,709	43,397	44,777	49,602	36,479	33,325
Earnings per share:
Basic
3.99	3.29	6.41	1.60	1.60	1.77	1.71	1.80	2.04	1.52	1.40
Diluted
3.93	3.24	6.34	1.60	1.59	1.75	1.67	1.78	2.00	1.50	1.40
Shares used in per share calculation:
Basic
24,250	24,141	23,999	23,900	25,369	25,914	25,433	24,759	24,349	23,944	23,745
Diluted
24,623	24,540	24,269	23,976	25,457	26,175	25,926	25,156	24,760	24,289	23,869
Cash dividends declared per share
1.50	1.36	1.04	1.02	1.00	0.98	0.96	0.94	0.92	0.90	0.88
Sales [Member]
Revenues
110,229	92,618	91,500	74,410	55,385	72,248	68,443	66,444	66,382	54,055	53,376
Other [Member]
Revenues
5,074	4,031	3,049	2,423	2,149	2,167	2,152	2,231	1,896	2,028	2,663