◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

MASCO CORP /DE/ CIK: 62996 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0000062996-23-000014
Period End Date 20230331
Filing Date 20230426
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance mas-20230331_htm.xml
Balance Sheet 77 line items
Line Item Tag Value Unit Period
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, shares authorized (in shares) CommonStockSharesAuthorized 1.40B shares Point-in-time
Common shares, shares authorized (in shares) CommonStockSharesAuthorized 1.40B shares Point-in-time
Cash and cash investments CashAndCashEquivalentsAtCarryingValue $452.00M USD Point-in-time
Common shares, shares issued (in shares) CommonStockSharesIssued 225.00M shares Point-in-time
Cash and cash investments CashAndCashEquivalentsAtCarryingValue $510.00M USD Point-in-time
Common shares, shares issued (in shares) CommonStockSharesIssued 225.30M shares Point-in-time
Common shares, shares outstanding (in shares) CommonStockSharesOutstanding 225.30M shares Point-in-time
Receivables ReceivablesNetCurrent $1.15B USD Point-in-time
Common shares, shares outstanding (in shares) CommonStockSharesOutstanding 225.00M shares Point-in-time
Receivables ReceivablesNetCurrent $1.33B USD Point-in-time
Inventories InventoryNet $1.24B USD Point-in-time
Preferred shares, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Preferred shares, shares authorized (in shares) PreferredStockSharesAuthorized 1.00M shares Point-in-time
Inventories InventoryNet $1.20B USD Point-in-time
Preferred shares, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $113.00M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $109.00M USD Point-in-time
Preferred shares, shares issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred shares, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total current assets AssetsCurrent $3.15B USD Point-in-time
Preferred shares, shares outstanding (in shares) PreferredStockSharesOutstanding 0.00 shares Point-in-time
Total current assets AssetsCurrent $2.95B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $975.00M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.02B USD Point-in-time
Goodwill Goodwill $537.00M USD Point-in-time
Goodwill Goodwill $540.00M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $344.00M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $350.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $266.00M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $266.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $113.00M USD Point-in-time
Other assets OtherAssetsNoncurrent $113.00M USD Point-in-time
Total assets Assets $5.19B USD Point-in-time
Total assets Assets $5.43B USD Point-in-time
Accounts payable AccountsPayableCurrent $877.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $913.00M USD Point-in-time
Notes payable NotesPayableCurrent $205.00M USD Point-in-time
Notes payable NotesPayableCurrent $413.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $692.00M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $807.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.02B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.89B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.95B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.95B USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $255.00M USD Point-in-time
Noncurrent operating lease liabilities OperatingLeaseLiabilityNoncurrent $254.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $339.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $332.00M USD Point-in-time
Total liabilities Liabilities $5.55B USD Point-in-time
Total liabilities Liabilities $5.43B USD Point-in-time
Commitments and contingencies (Note L) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note L) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $20.00M USD Point-in-time
Redeemable noncontrolling interest RedeemableNoncontrollingInterestEquityCarryingAmount $20.00M USD Point-in-time
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2023 225,000,000; 2022 225,300,000 CommonStockValue $225.00M USD Point-in-time
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2023 225,000,000; 2022 225,300,000 CommonStockValue $225.00M USD Point-in-time
Preferred shares authorized: 1,000,000; Issued and outstanding: 2023 and 2022 None PreferredStockValue - USD Point-in-time
Preferred shares authorized: 1,000,000; Issued and outstanding: 2023 and 2022 None PreferredStockValue - USD Point-in-time
Paid-in capital AdditionalPaidInCapital $16.00M USD Point-in-time
Paid-in capital AdditionalPaidInCapital - USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-847.00M USD Point-in-time
Retained deficit RetainedEarningsAccumulatedDeficit $-947.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $243.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $226.00M USD Point-in-time
Total Masco Corporation's shareholders' deficit StockholdersEquity $-379.00M USD Point-in-time
Total Masco Corporation's shareholders' deficit StockholdersEquity $-480.00M USD Point-in-time
Noncontrolling interest MinorityInterest $218.00M USD Point-in-time
Noncontrolling interest MinorityInterest $239.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-140.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-262.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $56.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-121.00M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.43B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $5.19B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $2.20B USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $1.98B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.31B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $1.50B USD 1 Quarter
Gross profit GrossProfit $704.00M USD 1 Quarter
Gross profit GrossProfit $669.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $354.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $351.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $315.00M USD 1 Quarter
Operating profit OperatingIncomeLoss $353.00M USD 1 Quarter
Interest expense InterestExpense $28.00M USD 1 Quarter
Interest expense InterestExpense $25.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-1.00M USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-2.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-30.00M USD 1 Quarter
Other income (expense), net NonoperatingIncomeExpense $-26.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $285.00M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $327.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $75.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $64.00M USD 1 Quarter
Net income IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $252.00M USD 1 Quarter
Net income IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $221.00M USD 1 Quarter
Net income ProfitLoss $221.00M USD 1 Quarter
Net income ProfitLoss $252.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $16.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $19.00M USD 1 Quarter
Net income attributable to Masco Corporation NetIncomeLoss $233.00M USD 1 Quarter
Net income attributable to Masco Corporation NetIncomeLoss $205.00M USD 1 Quarter
Net income, basic (in dollars per share) EarningsPerShareBasic $0.98 USD 1 Quarter
Net income, basic (in dollars per share) EarningsPerShareBasic $0.91 USD 1 Quarter
Net income, diluted (in dollars per share) EarningsPerShareDiluted $0.90 USD 1 Quarter
Net income, diluted (in dollars per share) EarningsPerShareDiluted $0.97 USD 1 Quarter
Cash Flow Statement 42 line items
Line Item Tag Value Unit Period
Cash provided by operations CashProvidedByUsedInOperatingActivitiesBeforeAdjustments $334.00M USD 1 Quarter
Cash provided by operations CashProvidedByUsedInOperatingActivitiesBeforeAdjustments $286.00M USD 1 Quarter
Increase in receivables IncreaseDecreaseInReceivables $194.00M USD 1 Quarter
Increase in receivables IncreaseDecreaseInReceivables $349.00M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $-45.00M USD 1 Quarter
Decrease (increase) in inventories IncreaseDecreaseInInventories $127.00M USD 1 Quarter
Decrease in accounts payable and accrued liabilities, net IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-104.00M USD 1 Quarter
Decrease in accounts payable and accrued liabilities, net IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-85.00M USD 1 Quarter
Net cash from (for) operating activities NetCashProvidedByUsedInOperatingActivities $33.00M USD 1 Quarter
Net cash from (for) operating activities NetCashProvidedByUsedInOperatingActivities $-227.00M USD 1 Quarter
Purchase of Company common stock PaymentsForRepurchaseOfCommonStock $364.00M USD 1 Quarter
Purchase of Company common stock PaymentsForRepurchaseOfCommonStock $53.00M USD 1 Quarter
Proceeds from revolving credit borrowings, net ProceedsFromLinesOfCredit $210.00M USD 1 Quarter
Proceeds from revolving credit borrowings, net ProceedsFromLinesOfCredit $263.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $65.00M USD 1 Quarter
Cash dividends paid PaymentsOfDividendsCommonStock $67.00M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $9.00M USD 1 Quarter
Proceeds from the exercise of stock options ProceedsFromStockOptionsExercised $1.00M USD 1 Quarter
Employee withholding taxes paid on stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $17.00M USD 1 Quarter
Employee withholding taxes paid on stock-based compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation $20.00M USD 1 Quarter
Decrease in debt, net RepaymentsOfLongTermDebt $3.00M USD 1 Quarter
Decrease in debt, net RepaymentsOfLongTermDebt $3.00M USD 1 Quarter
Net cash from (for) financing activities NetCashProvidedByUsedInFinancingActivities $78.00M USD 1 Quarter
Net cash from (for) financing activities NetCashProvidedByUsedInFinancingActivities $-187.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $27.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $61.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-1.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-2.00M USD 1 Quarter
Net cash for investing activities NetCashProvidedByUsedInInvestingActivities $-59.00M USD 1 Quarter
Net cash for investing activities NetCashProvidedByUsedInInvestingActivities $-26.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash investments EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-7.00M USD 1 Quarter
Effect of exchange rate changes on cash and cash investments EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.00M USD 1 Quarter
Increase (decrease) for the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $58.00M USD 1 Quarter
Increase (decrease) for the period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-447.00M USD 1 Quarter
At January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $452.00M USD Point-in-time
At January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $926.00M USD Point-in-time
At January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $510.00M USD Point-in-time
At January 1 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $479.00M USD Point-in-time
At March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $452.00M USD Point-in-time
At March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $926.00M USD Point-in-time
At March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $510.00M USD Point-in-time
At March 31 CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $479.00M USD Point-in-time
Stockholders Equity 25 line items
Line Item Tag Value Unit Period
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-140.00M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-262.00M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $56.00M USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-121.00M USD Point-in-time
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $243.00M USD 1 Quarter
Total comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $242.00M USD 1 Quarter
Shares issued StockIssuedDuringPeriodValueNewIssues $6.00M USD 1 Quarter
Shares issued StockIssuedDuringPeriodValueNewIssues $1.00M USD 1 Quarter
Repurchased StockRepurchasedAndRetiredDuringPeriodValue $56.00M USD 1 Quarter
Repurchased StockRepurchasedAndRetiredDuringPeriodValue $364.00M USD 1 Quarter
Surrendered (non-cash) SurrenderedNonCash $17.00M USD 1 Quarter
Surrendered (non-cash) SurrenderedNonCash $17.00M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $65.00M USD 1 Quarter
Cash dividends declared DividendsCommonStockCash $67.00M USD 1 Quarter
Redeemable noncontrolling interest - redemption adjustment MinorityInterestChangeInRedemptionValue $1.00M USD 1 Quarter
Redeemable noncontrolling interest - redemption adjustment MinorityInterestChangeInRedemptionValue - USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $11.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $27.00M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-140.00M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-262.00M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $56.00M USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-121.00M USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $221.00M USD 1 Quarter
Net income ProfitLoss $252.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $16.00M USD 1 Quarter
Less: Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $19.00M USD 1 Quarter
Net income attributable to Masco Corporation NetIncomeLoss $233.00M USD 1 Quarter
Net income attributable to Masco Corporation NetIncomeLoss $205.00M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-11.00M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $22.00M USD 1 Quarter
Pension and other post-retirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.00M USD 1 Quarter
Pension and other post-retirement benefits OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax - USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $22.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTax $-10.00M USD 1 Quarter
Less: Other comprehensive income (loss) attributable to the noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $-4.00M USD 1 Quarter
Less: Other comprehensive income (loss) attributable to the noncontrolling interest OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest $5.00M USD 1 Quarter
Other comprehensive income (loss) attributable to Masco Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $17.00M USD 1 Quarter
Other comprehensive income (loss) attributable to Masco Corporation OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-6.00M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $243.00M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $242.00M USD 1 Quarter
Less: Total comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $15.00M USD 1 Quarter
Less: Total comprehensive income attributable to noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $21.00M USD 1 Quarter
Total comprehensive income attributable to Masco Corporation ComprehensiveIncomeNetOfTax $222.00M USD 1 Quarter
Total comprehensive income attributable to Masco Corporation ComprehensiveIncomeNetOfTax $227.00M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...