McGRATH RENTCORP MGRC Income Statement

Mcgrath rentcorp (MGRC)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenues
Rental
360,699	353,889	346,749	338,047	327,209	318,774	311,388	303,014	295,700	289,417	282,064	276,040	272,834	271,388	271,730	274,168	274,726	273,696	274,696	274,143	272,647	269,575	264,062	260,361	257,595	255,766	254,702	252,179	249,525	248,444	246,125	243,671	240,400	234,906	224,782	211,669	0	0	0
Rental related services
104,094	101,038	98,848	91,912	86,531	82,907	80,278	78,254	77,964	78,068	77,418	75,684	76,203	75,859	75,886	77,626	75,538	73,314	72,059	68,068	65,987	64,132	60,313	58,300	55,815	53,148	51,581	48,733	47,100	46,920	45,573	43,300	41,659	39,486	39,017	36,481	0	0	0
Rental operations
464,793	454,927	445,597	429,959	413,740	401,681	391,666	381,268	373,664	367,485	359,482	351,724	349,037	347,247	347,616	351,794	350,264	347,010	346,755	342,211	338,634	333,707	324,375	318,661	313,410	308,914	306,283	300,912	296,625	295,364	291,698	286,971	282,059	274,392	263,799	248,150	0	0	0
Revenues
112,882	115,303	110,527	95,750	101,513	96,649	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total revenues
577,675	570,230	556,124	525,709	515,253	498,330	487,442	479,683	472,282	462,034	445,090	431,695	425,218	424,080	424,079	415,134	408,055	404,544	411,054	411,031	410,750	408,122	391,131	386,945	378,356	379,509	386,623	377,214	373,823	364,039	347,376	352,818	348,562	342,670	340,622	302,273	0	0	0
Costs and Expenses
Direct costs of rental operations:
Depreciation of rental equipment
83,068	80,391	78,074	75,946	74,323	73,139	72,082	71,167	70,306	69,908	69,720	70,047	71,036	72,197	73,296	74,286	75,071	75,213	75,066	74,555	73,463	72,678	71,866	70,801	69,503	68,208	67,044	65,974	65,020	63,819	62,629	61,823	60,993	60,187	58,903	57,332	0	0	0
Rental related services
78,141	76,241	74,401	70,012	66,893	64,298	62,677	60,670	59,964	60,029	59,917	59,332	59,697	59,044	60,425	60,201	58,425	57,144	54,272	51,976	50,441	48,849	45,777	43,549	41,574	40,189	38,982	37,956	37,576	37,207	36,307	34,376	32,504	30,692	30,536	28,275	0	0	0
Other
79,085	79,365	77,110	75,130	72,142	68,678	71,374	69,096	66,382	65,472	60,388	59,681	59,662	60,130	59,578	58,921	59,127	58,511	58,722	59,645	58,607	56,946	56,508	57,914	56,210	55,017	53,927	50,264	47,498	45,581	43,236	40,812	40,759	39,859	42,576	42,079	0	0	0
Total direct costs of rental operations
240,294	235,997	229,585	221,088	213,358	206,115	206,133	200,933	196,652	195,409	190,025	189,060	190,395	191,371	193,299	193,408	192,623	190,868	188,060	186,176	182,511	178,473	174,151	172,264	167,287	163,414	159,953	154,194	150,094	146,607	142,172	137,011	134,256	130,738	132,015	127,686	0	0	0
Costs of sales
66,565	68,068	66,268	58,582	61,809	58,964	58,472	61,188	62,785	60,280	54,086	49,998	47,641	48,542	49,180	40,413	36,957	36,769	40,639	43,348	45,571	47,430	42,306	44,116	42,414	47,080	58,310	56,209	56,307	49,173	36,710	43,655	43,596	45,141	52,005	34,755	0	0	0
Total costs of revenues
306,859	304,065	295,853	279,670	275,167	265,079	264,605	262,121	259,437	255,689	244,111	239,058	238,036	239,913	242,479	233,821	229,580	227,637	228,699	229,524	228,082	225,903	216,457	216,380	209,701	210,494	218,263	210,403	206,401	195,780	178,882	180,666	177,852	175,879	184,020	162,441	0	0	0
Gross profit
270,816	266,165	260,271	246,039	240,086	233,251	222,837	217,562	212,845	206,345	200,979	192,637	187,182	184,167	181,600	181,313	178,475	176,907	182,355	181,507	182,668	182,219	174,674	170,565	168,655	169,015	168,360	166,811	167,422	168,259	168,494	172,152	170,710	166,791	156,602	139,832	0	0	0
Selling and administrative expenses
127,052	124,793	121,981	118,673	117,337	115,770	113,736	113,999	111,885	111,605	110,329	108,041	106,359	104,908	103,570	102,365	101,135	99,950	100,069	99,273	98,660	96,859	94,403	92,586	90,538	88,765	88,719	87,184	86,555	86,278	84,261	83,405	80,866	78,127	73,807	70,764	0	0	0
Income from operations
143,764	141,372	138,290	127,366	122,749	117,481	109,101	103,563	100,960	94,740	90,650	84,596	80,823	79,259	78,030	78,948	77,340	76,957	82,286	82,234	84,008	85,360	80,271	77,979	78,117	80,250	79,641	79,627	80,867	81,981	84,233	88,747	89,844	88,664	82,795	69,068	0	0	0
Other income (expense):
Interest expense
11,875	12,331	12,571	12,552	12,413	12,297	12,031	11,875	11,825	11,622	11,445	11,399	11,440	12,207	12,396	11,900	11,257	10,092	9,538	9,480	9,468	9,280	13,399	8,865	8,687	8,687	-13,804	-9,344	-9,119	-9,149	8,986	8,725	8,297	7,606	7,119	6,574	0	0	0
Gain on sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency exchange (loss) gain
-401	84	-30	-27	-408	-489	-444	-279	76	334	93	42	-46	-121	25	-161	-169	-488	-672	-574	-411	-331	-92	-12	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Income before provision for income taxes
131,488	129,125	125,689	114,787	109,928	104,695	96,626	91,409	89,211	83,452	79,298	73,239	69,337	66,931	65,659	66,887	65,914	66,377	72,076	72,180	74,941	76,561	71,680	69,750	69,153	71,374	70,884	70,685	71,723	72,867	75,247	80,022	81,547	81,058	75,676	62,494	0	0	0
Provision for income taxes
32,972	32,319	31,035	27,822	26,539	25,289	-76,255	-73,455	-71,202	-70,468	33,368	31,199	29,679	28,680	25,624	26,108	25,724	25,907	29,237	29,211	30,257	30,852	28,097	27,340	27,100	27,977	27,312	27,235	27,642	28,090	29,179	31,050	31,648	31,456	29,601	24,386	0	0	0
Net income
98,516	96,806	94,654	86,965	83,389	79,406	172,881	164,864	160,413	153,920	45,930	42,040	39,658	38,251	40,035	40,779	40,190	40,470	42,839	42,969	44,684	45,709	43,583	42,410	42,053	43,397	43,572	43,450	44,081	44,777	46,068	48,972	49,899	49,602	46,075	38,108	0	0	0
Earnings per share:
Basic
0.83	1.09	1.34	0.80	0.76	1.00	1.03	0.66	0.60	4.90	0.70	0.48	0.33	0.40	0.54	0.38	0.28	0.47	0.54	0.33	0.26	0.54	0.53	0.39	0.31	0.46	0.49	0.39	0.37	0.48	0.50	0.42	0.40	0.54	0.63	0.47	0.40	0.41	0.31
Diluted
0.81	1.07	1.32	0.79	0.75	0.99	1.01	0.65	0.59	4.84	0.69	0.48	0.33	0.41	0.54	0.38	0.27	0.47	0.54	0.32	0.26	0.53	0.53	0.39	0.30	0.45	0.48	0.38	0.36	0.47	0.50	0.42	0.39	0.53	0.62	0.46	0.39	0.40	0.31
Shares used in per share calculation:
Basic
24,292	24,291	24,268	24,246	24,195	24,180	24,172	24,145	24,067	24,046	24,015	23,985	23,950	23,927	23,911	23,900	23,862	23,909	25,334	26,142	26,091	26,002	25,953	25,912	25,789	25,726	25,649	25,354	25,003	24,847	24,785	24,765	24,639	24,436	24,362	24,340	24,258	23,936	23,924
Diluted
24,738	24,741	24,632	24,579	24,540	24,535	24,563	24,584	24,478	24,524	24,228	24,092	24,232	24,003	24,041	23,949	23,911	23,871	25,408	26,273	26,276	26,098	26,152	26,220	26,230	26,356	26,095	25,818	25,435	25,186	25,106	25,149	25,183	24,919	24,719	24,742	24,660	24,173	24,201
Cash dividends declared per share
0.42	0.37	0.37	0.37	0.37	0.34	0.34	0.34	0.34	0.26	0.26	0.26	0.26	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.25	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.24	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.23	0.22	0.22
Sales [Member]
Revenues
107,770	110,229	106,283	91,513	97,352	92,618	92,056	94,655	95,296	91,500	82,660	77,462	73,671	74,410	74,120	61,060	55,632	55,385	62,223	66,795	69,997	72,248	64,463	65,980	62,716	68,443	78,312	74,179	75,103	66,444	53,494	63,895	64,554	66,382	74,846	52,021	0	0	0
Other [Member]
Revenues
5,112	5,074	4,244	4,237	4,161	4,031	3,720	3,760	3,322	3,049	2,948	2,509	2,510	2,423	2,343	2,280	2,159	2,149	2,076	2,025	2,119	2,167	2,293	2,304	2,230	2,152	2,028	2,123	2,095	2,231	2,184	1,952	1,949	1,896	1,977	2,102	0	0	0