MRC Global Inc
(NYSE:MRC)

MRC Global Inc., through its subsidiaries, distributes pipes, valves, fittings, and other infrastructure products and services to the energy industry in the United States, Canada, and internationally. It offers ball, butterfly, gate, globe, check, diaphragm, needle, and plug valves; and other produc...

Website: http://www.mrcglobal.com

Full Time Employees: 2,700

Sector: Energy

Industry: Oil & Gas Equipment & Services

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Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30

sales	678,000,000	798,000,000	712,000,000	576,000,000	797,000,000	832,000,000	806,000,000	768,000,000	888,000,000	871,000,000	885,000,000	869,000,000	904,000,000	848,000,000	742,000,000	686,000,000	685,000,000	686,000,000	609,000,000	579,000,000	585,000,000	602,000,000	794,000,000	766,000,000	942,000,000	984,000,000	970,000,000	1,009,000,000	1,071,000,000	1,082,000,000	1,010,000,000	903,000,000	959,000,000	922,000,000	862,000,000	719,000,000	793,000,000	746,000,000	783,000,000	967,057,000	1,071,189,000	1,198,064,000	1,292,290,000	1,512,080,000	1,618,146,000	1,497,295,000	1,305,679,000	1,344,211,000	1,313,711,000	1,267,778,000	1,305,100,000	1,306,733,000	1,451,114,000	1,430,379,000	1,382,632,000	1,306,369,000	1,366,202,000	1,168,039,000
cost of sales	553,000,000	647,000,000	570,000,000	452,000,000	637,000,000	659,000,000	643,000,000	615,000,000	705,000,000	696,000,000	706,000,000	711,000,000	739,000,000	697,000,000	606,000,000	579,000,000	590,000,000	574,000,000	506,000,000	489,000,000	471,000,000	523,000,000	646,000,000	635,000,000	768,000,000	810,000,000	796,000,000	838,000,000	899,000,000	905,000,000	841,000,000	762,000,000	807,000,000	773,000,000	722,000,000	597,000,000	705,000,000	621,000,000	650,000,000	791,951,000	886,034,000	992,147,000	1,072,368,000	1,263,577,000	1,340,103,000	1,237,873,000	1,073,547,000	1,118,208,000	1,075,418,000	1,023,845,000	1,058,529,000	1,048,429,000	1,173,916,000	1,188,699,000	1,146,071,000	1,119,007,000	1,165,076,000	995,341,000
gross profit	125,000,000	151,000,000	142,000,000	124,000,000	160,000,000	173,000,000	163,000,000	153,000,000	183,000,000	175,000,000	179,000,000	158,000,000	165,000,000	151,000,000	136,000,000	107,000,000	95,000,000	112,000,000	103,000,000	90,000,000	114,000,000	79,000,000	148,000,000	131,000,000	174,000,000	174,000,000	174,000,000	171,000,000	172,000,000	177,000,000	169,000,000	141,000,000	152,000,000	149,000,000	140,000,000	122,000,000	88,000,000	125,000,000	133,000,000	175,106,000	185,155,000	205,917,000	219,922,000	248,503,000	278,043,000	259,422,000	232,132,000	226,003,000	238,293,000	243,933,000	246,571,000	258,304,000	277,198,000	241,680,000	236,561,000
yoy	-21.88%	-12.72%	-12.88%	-18.95%	-12.57%	-1.14%	-8.94%	-3.16%	10.91%	15.89%	31.62%	47.66%	73.68%	34.82%	32.04%	18.89%	-16.67%	41.77%	-30.41%	-31.30%	-34.48%	-54.60%	-14.94%	-23.39%	1.16%	-1.69%	2.96%	21.28%	13.16%	18.79%	20.71%	15.57%	72.73%	19.20%	5.26%	-30.33%	-52.47%	-39.30%	-39.52%	-29.54%	-33.41%	-20.62%	-5.26%	9.96%	16.68%	6.35%	-5.86%	-12.51%	-14.04%	0.93%	4.23%
qoq	-17.22%	6.34%	14.52%	-22.50%	-7.51%	6.13%	6.54%	-16.39%	4.57%	-2.23%	13.29%	-4.24%	9.27%	11.03%	27.10%	12.63%	-15.18%	8.74%	14.44%	-21.05%	44.30%	-46.62%	12.98%	-24.71%	0.00%	0.00%	1.75%	-0.58%	-2.82%	4.73%	19.86%	-7.24%	2.01%	6.43%	14.75%	38.64%	-29.60%	-6.02%	-24.05%	-5.43%	-10.08%	-6.37%	-11.50%	-10.62%	7.18%	11.76%	2.71%	-5.16%	-2.31%	-1.07%	-4.54%	-6.82%	14.70%	2.16%
selling, general and administrative expenses	128,000,000	130,000,000	124,000,000	111,000,000	123,000,000	126,000,000	125,000,000	125,000,000	126,000,000	130,000,000	122,000,000	123,000,000	120,000,000	120,000,000	107,000,000	106,000,000	102,000,000	102,000,000	100,000,000	97,000,000	100,000,000	126,000,000	126,000,000	141,000,000	137,000,000	133,000,000	139,000,000	148,000,000	140,000,000	136,000,000	138,000,000	148,000,000	130,000,000	132,000,000	126,000,000	128,000,000	124,000,000	135,000,000	137,000,000	146,105,000	142,044,000	158,903,000	159,448,000	174,482,000	184,842,000	185,287,000	171,389,000	167,358,000	160,910,000	153,975,000	160,757,000	154,225,000	154,955,000	151,189,000	146,384,000	137,469,000	134,685,000	122,500,000
operating income	-3,000,000	21,000,000	18,000,000	13,000,000	37,000,000	47,000,000	38,000,000	28,000,000	57,000,000	45,000,000	57,000,000	35,000,000	45,000,000	31,000,000	29,000,000	1,000,000	-7,000,000	10,000,000	3,000,000	-7,000,000	14,000,000	-289,000,000	22,000,000	-10,000,000	37,000,000	41,000,000	35,000,000	23,000,000	32,000,000	41,000,000	31,000,000	-7,000,000	22,000,000	17,000,000	14,000,000	-6,000,000	-36,000,000	-10,000,000		-432,899,000	43,111,000	47,014,000	60,474,000	74,021,000	93,201,000	74,135,000	60,743,000	58,645,000	77,383,000	89,958,000	85,814,000	104,079,000	122,243,000	90,491,000	90,177,000	49,893,000	66,441,000	50,198,000
yoy	-108.11%	-55.32%	-52.63%	-53.57%	-35.09%	4.44%	-33.33%	-20.00%	26.67%	45.16%	96.55%	3400.00%	-742.86%	210.00%	866.67%	-114.29%	-150.00%	-103.46%	-86.36%	-30.00%	-62.16%	-804.88%	-37.14%	-143.48%	15.63%	0.00%	12.90%	-428.57%	45.45%	141.18%	121.43%	16.67%	-161.11%	-270.00%		-98.61%	-183.51%	-121.27%		-684.83%	-53.74%	-36.58%	-0.44%	26.22%	20.44%	-17.59%	-29.22%	-43.65%	-36.70%	-0.59%	-4.84%	108.60%	83.99%	80.27%
qoq	-114.29%	16.67%	38.46%	-64.86%	-21.28%	23.68%	35.71%	-50.88%	26.67%	-21.05%	62.86%	-22.22%	45.16%	6.90%	2800.00%	-114.29%	-170.00%	233.33%	-142.86%	-150.00%	-104.84%	-1413.64%	-320.00%	-127.03%	-9.76%	17.14%	52.17%	-28.13%	-21.95%	32.26%	-542.86%	-131.82%	29.41%	21.43%	-333.33%	-83.33%	260.00%			-1104.15%	-8.30%	-22.26%	-18.30%	-20.58%	25.72%	22.05%	3.58%	-24.21%	-13.98%	4.83%	-17.55%	-14.86%	35.09%	0.35%	80.74%	-24.91%	32.36%
other income:
interest expense	-10,000,000	-10,000,000	-9,000,000	-7,000,000	-4,000,000	-7,000,000	-8,000,000	-6,000,000	-9,000,000	-10,000,000	-7,000,000	-7,000,000	-6,000,000	-5,000,000	-6,000,000	-5,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-7,000,000	-7,000,000	-8,000,000	-9,000,000	-10,000,000	-10,000,000	-11,000,000	-10,000,000	-10,000,000	-10,000,000		-7,000,000				-9,000,000				-9,135,000	-10,070,000	-13,699,000	-14,596,000	-16,364,000	-14,925,000	-15,363,000	-15,148,000	-14,712,000	-15,463,000	-15,223,000	-15,302,000	-19,898,000	-28,177,000	-30,727,000	-33,717,000	-34,472,000	-34,348,000	-34,524,000
other		7,000,000		-2,000,000	-1,000,000	2,000,000	-3,000,000	1,000,000	1,000,000		-3,000,000	5,000,000	-5,000,000	-6,000,000		1,000,000		1,000,000		6,000,000	1,000,000	-2,000,000			2,000,000	1,000,000		3,000,000	2,000,000		2,000,000					500,000	3,000,000			-10,096,000	844,000	-315,000	-3,676,000	-6,439,000	-4,677,000	2,026,000	-5,310,000	-329,000	-87,000	-13,500,000	116,000	-2,869,000	1,232,000	575,000	1,747,000	188,000	-821,000	-695,000
income from continuing operations before income taxes	-13,000,000	18,000,000	9,000,000
income tax expense from continuing operations	-4,000,000	5,000,000	1,000,000
net income from continuing operations	-9,000,000	13,000,000	8,000,000
loss from discontinued operations, net of tax			-30,000,000
net income	-9,000,000	13,000,000	-22,000,000	-23,000,000	29,000,000	30,000,000	19,000,000	21,000,000	35,000,000	24,000,000	34,000,000	21,000,000	24,000,000	14,000,000	16,000,000	-4,000,000	-11,000,000	4,000,000	-3,000,000	-5,000,000	3,000,000	-281,000,000	9,000,000	-24,000,000	21,000,000	24,000,000	18,000,000	10,000,000	24,000,000	22,000,000	18,000,000	35,000,000	3,000,000	6,000,000	6,000,000	-18,000,000	-40,000,000	-17,000,000		-392,859,000	16,019,000	16,275,000	29,065,000	31,146,000	50,134,000	39,300,000	23,520,000	23,308,000	38,757,000	43,852,000	46,183,000	-6,442,000	55,541,000	31,325,000	37,534,000	3,561,000	21,873,000	4,678,000
yoy	-131.03%	-56.67%	-215.79%	-209.52%	-17.14%	25.00%	-44.12%	0.00%	45.83%	71.43%	112.50%	-625.00%	-318.18%	250.00%	-633.33%	-20.00%	-466.67%	-101.42%	-133.33%	-79.17%	-85.71%	-1270.83%	-50.00%	-340.00%	-12.50%	9.09%	0.00%	-71.43%	700.00%	266.67%	200.00%	-294.44%	-107.50%	-135.29%		-95.42%	-349.70%	-204.45%		-1361.35%	-68.05%	-58.59%	23.58%	33.63%	29.35%	-10.38%	-49.07%	-461.81%	-30.22%	39.99%	23.04%	-280.90%	153.92%	569.62%
qoq	-169.23%	-159.09%	-4.35%	-179.31%	-3.33%	57.89%	-9.52%	-40.00%	45.83%	-29.41%	61.90%	-12.50%	71.43%	-12.50%	-500.00%	-63.64%	-375.00%	-233.33%	-40.00%	-266.67%	-101.07%	-3222.22%	-137.50%	-214.29%	-12.50%	33.33%	80.00%	-58.33%	9.09%	22.22%	-48.57%	1066.67%	-50.00%	0.00%	-133.33%	-55.00%	135.29%			-2552.46%	-1.57%	-44.00%	-6.68%	-37.87%	27.57%	67.09%	0.91%	-39.86%	-11.62%	-5.05%	-816.90%	-111.60%	77.31%	-16.54%	954.03%	-83.72%	367.57%
series a preferred stock dividends				2,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	5,925,000	5,982,000	1,293,000
net income attributable to common stockholders	-9,000,000	13,000,000	-22,000,000	-34,000,000	23,000,000	24,000,000	13,000,000	15,000,000	29,000,000	18,000,000	28,000,000	15,000,000	18,000,000	8,000,000	10,000,000				-9,000,000	-11,000,000	-3,000,000	-287,000,000	3,000,000	-30,000,000	15,000,000	18,000,000	12,000,000	4,000,000	18,000,000	16,000,000	12,000,000					-24,000,000	-46,000,000	-23,000,000	-14,000,000
basic earnings per common share:
income from continued operations	-110,000	150,000	90,000
loss from discontinued operations			-350,000
basic earnings per common share	-110,000	150,000	-260,000	-400,000	270,000	280,000	150,000	180,000	340,000	210,000	330,000	180,000	220,000	100,000	120,000																					-212,500	-480,000	-240,000	-140,000	132.5	100	150	280	277.5	490	390	230	317.5	380	430	450	-90	550	320	440	190	130	30
diluted earnings per common share:
diluted earnings per common share	-110,000	150,000	-260,000	-400,000	270,000	280,000	150,000	170,000	330,000	210,000	330,000	180,000	210,000	90,000	120,000																					-212,500	-480,000	-240,000	-140,000	132.5	100	150	280	275	490	380	230	315	380	430	450	-90	540	320	440	190	130	30
weighted-average common shares, basic	84,500,000	85,500,000	85,700,000	85,100,000	85,200,000	85,200,000	84,700,000	84,200,000	84,300,000	84,300,000	84,000,000	83,500,000	83,600,000	83,600,000	83,300,000	82,500,000	82,700,000	82,600,000	82,300,000		82,100,000	82,000,000	81,700,000		82,700,000	83,200,000	84,300,000	90,100,000	90,300,000	90,100,000	91,400,000		94,500,000	94,500,000	94,800,000		95,900,000	97,700,000	100,700,000		102,187,000	102,168,000	102,116,000		102,035,000	101,986,000	101,924,000		101,715,000	101,693,000	101,609,000	96,465,000	101,490,000	98,303,000	84,437,000	84,417,000	168,836,000	168,836,000
weighted-average common shares, diluted	84,500,000	86,600,000	85,700,000	86,600,000	86,200,000	86,400,000	86,100,000	85,500,000	105,900,000	85,300,000	85,400,000	84,900,000	85,000,000	84,900,000	84,300,000	82,500,000	82,700,000	82,600,000	82,300,000		82,100,000	82,000,000	82,400,000		83,400,000	83,900,000	85,300,000	91,800,000	91,700,000	91,600,000	92,500,000		94,500,000	95,600,000	94,800,000		95,900,000	97,700,000	100,700,000		102,529,000	102,786,000	102,241,000		102,860,000	102,978,000	102,738,000		102,393,000	102,519,000	102,426,000	96,925,000	102,029,000	98,726,000	84,756,000	84,655,000	169,314,000	169,210,000
income from discontinued operations, net of tax
income from discontinued operations
income before income taxes				25,250,000	32,000,000	42,000,000	27,000,000	23,000,000	49,000,000	34,000,000	47,000,000	33,000,000	34,000,000	20,000,000	23,000,000	-3,000,000	-13,000,000	5,000,000	-3,000,000	-7,000,000	8,000,000	-298,000,000	14,000,000	-19,000,000	29,000,000	32,000,000	24,000,000	16,000,000	24,000,000	30,000,000	25,000,000	-14,000,000	5,000,000	9,000,000	7,000,000	-17,000,000	-42,000,000	-19,000,000	-13,000,000	-449,415,000	35,555,000	29,358,000	42,202,000	52,885,000	76,192,000	60,101,000	36,722,000	42,615,000	60,005,000	63,085,000	71,195,000	-10,487,000	85,821,000	47,715,000	58,647,000	17,393,000	33,040,000	7,153,000
income tax expense				5,750,000	3,000,000	12,000,000	8,000,000	2,000,000	14,000,000	10,000,000	13,000,000	12,000,000	10,000,000	6,000,000	7,000,000	-250,000	-2,000,000	1,000,000		-2,000,000	5,000,000	-17,000,000	5,000,000	5,000,000	8,000,000	8,000,000	6,000,000	6,000,000		8,000,000	7,000,000	-49,000,000	2,000,000	3,000,000	1,000,000					11,439,000	19,536,000	13,083,000	13,137,000	15,015,250	26,058,000	20,801,000	13,202,000	16,373,250	21,248,000	19,233,000	25,012,000	-4,045,000	30,280,000	16,390,000	21,113,000	13,832,000	11,167,000	2,475,000
other expense:
goodwill and intangible asset impairment																						242,000,000
net loss attributable to common stockholders																-7,000,000	-17,000,000	-2,000,000
basic loss per common share																-85,000	-210,000	-20,000														-7,500	-30,000
diluted loss per common share																-85,000	-210,000	-20,000														-7,500	-30,000
basic income per common share																			-110,000	-875,000	-40,000	-3,500,000	40,000	135,000	180,000	220,000	140,000	127,500	200,000	180,000	130,000
diluted income per common share																			-110,000	-875,000	-40,000	-3,500,000	40,000	132,500	180,000	210,000	140,000	125,000	200,000	170,000	130,000
write off of debt issuance costs																																								-812,250		-3,249,000													-1,685,000			-9,450,000
change in fair value of derivative instruments																																								133,500	1,670,000	-393,000		-416,750	2,593,000	-697,000	-3,563,000	4,111,000	-1,828,000	1,850,000	567,000	416,000	845,000	-1,200,000	2,125,000	1,784,000	1,768,000	1,624,000
net income available to common stockholders																																								13,521,000	10,037,000	14,982,000
loss on early extinguishment of debt																																																				-92,215,000	-10,322,000	-11,424,000
other income: - sum																																																				-27,682,000	-36,422,000	-42,776,000	-31,530,000
gross margin																																																								187,362,000	201,126,000	172,698,000
effective tax rate																																																								8,450	33,800	34,600

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30

assets
current assets:
cash	59,000,000	75,000,000	63,000,000	63,000,000	62,000,000	49,000,000	146,000,000	131,000,000	52,000,000	31,000,000	39,000,000	32,000,000	29,000,000	21,000,000	31,000,000	48,000,000	47,000,000	63,000,000	132,000,000	119,000,000	40,000,000	19,000,000	28,000,000	32,000,000	25,000,000	35,000,000	27,000,000	43,000,000	29,000,000	31,000,000	45,000,000	48,000,000	40,000,000	37,000,000	93,000,000	109,000,000	213,000,000	167,000,000	121,000,000	68,997,000	32,944,000	32,942,000	49,280,000	25,064,000	31,130,000	36,491,000	30,140,000	25,188,000	33,439,000	37,812,000	27,421,000	37,090,000	36,839,000	39,995,000	58,833,000	46,127,000	200,000	100,000
accounts receivable	473,000,000	469,000,000	442,000,000	378,000,000	478,000,000	481,000,000	478,000,000	430,000,000	518,000,000	519,000,000	529,000,000	501,000,000	526,000,000	489,000,000	453,000,000	379,000,000	399,000,000	382,000,000	369,000,000	319,000,000	343,000,000	379,000,000	476,000,000	459,000,000	586,000,000	627,000,000	626,000,000	587,000,000	674,000,000	676,000,000	621,000,000	522,000,000	578,000,000	522,000,000	476,000,000	399,000,000	448,000,000	430,000,000	470,000,000	532,609,000	663,841,000	750,500,000	849,949,000	974,454,000	1,089,507,000	1,008,369,000	904,838,000	812,147,000	841,545,000	801,772,000	806,723,000	823,236,000	929,740,000	879,277,000	871,227,000	791,280,000	700,000	700,000
inventories	523,000,000	490,000,000	460,000,000	415,000,000	462,000,000	509,000,000	546,000,000	560,000,000	620,000,000	674,000,000	672,000,000	578,000,000	584,000,000	555,000,000	500,000,000	453,000,000	471,000,000	484,000,000	504,000,000	509,000,000	582,000,000	627,000,000	691,000,000	701,000,000	742,000,000	798,000,000	839,000,000	797,000,000	849,000,000	872,000,000	811,000,000	701,000,000	649,000,000	592,000,000	567,000,000	561,000,000	581,000,000	689,000,000	720,000,000	781,108,000	894,233,000	1,033,451,000	1,175,614,000	1,186,946,000	1,080,857,000	1,110,618,000	1,053,594,000	971,567,000	929,529,000	937,136,000	955,468,000	970,228,000	1,035,861,000	1,070,837,000	1,022,851,000	899,064,000
other current assets	49,000,000	43,000,000	30,000,000	29,000,000	41,000,000	38,000,000	34,000,000	34,000,000	35,000,000	39,000,000	30,000,000	31,000,000	30,000,000	36,000,000	28,000,000	19,000,000	28,000,000	32,000,000	24,000,000	19,000,000	29,000,000	36,000,000	24,000,000	26,000,000	37,000,000	36,000,000	29,000,000	38,000,000	44,000,000	39,000,000	49,000,000	47,000,000	40,000,000	47,000,000	48,000,000	48,000,000	26,000,000	29,000,000	35,000,000	22,591,000	37,528,000	35,367,000	38,868,000	35,698,000	48,553,000	43,411,000	36,895,000	37,091,000	31,954,000	32,273,000	19,916,000	13,169,000	17,563,000	17,532,000	17,598,000	11,437,000
current assets of discontinued operations	1,000,000	1,000,000	4,000,000	36,000,000
total current assets	1,105,000,000	1,078,000,000	999,000,000	921,000,000	1,043,000,000	1,077,000,000	1,204,000,000	1,155,000,000	1,225,000,000	1,263,000,000	1,270,000,000	1,142,000,000	1,169,000,000	1,101,000,000	1,012,000,000	899,000,000	945,000,000	961,000,000	1,029,000,000	966,000,000	994,000,000	1,061,000,000	1,219,000,000	1,218,000,000	1,390,000,000	1,496,000,000	1,521,000,000	1,465,000,000	1,596,000,000	1,618,000,000	1,526,000,000	1,318,000,000	1,307,000,000	1,198,000,000	1,184,000,000	1,117,000,000	1,268,000,000	1,315,000,000	1,346,000,000	1,405,305,000	1,628,546,000	1,852,260,000	2,113,711,000	2,222,162,000	2,250,047,000	2,198,889,000	2,025,467,000	1,845,993,000	1,836,467,000	1,808,993,000	1,814,789,000	1,850,574,000	2,020,003,000	2,007,641,000	1,970,509,000	1,747,908,000	1,200,000	1,000,000
long-term assets:
operating lease assets	160,000,000	159,000,000	171,000,000	170,000,000	185,000,000	195,000,000	196,000,000	205,000,000	206,000,000	206,000,000	207,000,000	202,000,000	194,000,000	197,000,000	200,000,000	191,000,000	186,000,000	190,000,000	195,000,000	200,000,000	168,000,000	163,000,000	179,000,000	186,000,000	186,000,000	185,000,000	190,000,000
property, plant and equipment	100,000,000	102,000,000	95,000,000	89,000,000	85,000,000	80,000,000	78,000,000	78,000,000	77,000,000	78,000,000	81,000,000	82,000,000	83,000,000	85,000,000	88,000,000	91,000,000	92,000,000	95,000,000	98,000,000	103,000,000	128,000,000	131,000,000	131,000,000	138,000,000	140,000,000	136,000,000	137,000,000	140,000,000	142,000,000	147,000,000	146,000,000	147,000,000	144,000,000	138,000,000	140,000,000	135,000,000	135,000,000	131,000,000	134,000,000	126,742,000	117,535,000	115,134,000	111,166,000	116,001,000	116,421,000	120,980,000	120,650,000	118,923,000	118,445,000	118,100,000	120,964,000	122,458,000	120,885,000	117,942,000	114,173,000	107,430,000
other assets	36,000,000	36,000,000	36,000,000	37,000,000	31,000,000	18,000,000	20,000,000	21,000,000	18,000,000	16,000,000	21,000,000	22,000,000	23,000,000	23,000,000	23,000,000	22,000,000	22,000,000	19,000,000	19,000,000	19,000,000	16,000,000	17,000,000	19,000,000	19,000,000	21,000,000	28,000,000	30,000,000	23,000,000	24,000,000	21,000,000	21,000,000	21,000,000	20,000,000	21,000,000	22,000,000	19,000,000	22,000,000	21,000,000	22,000,000	26,924,000	25,749,000	26,887,000	28,789,000	28,534,000	29,037,000	26,738,000	27,568,000	30,473,000	33,357,000	34,490,000	35,948,000	37,031,000	38,569,000	40,709,000	44,767,000	13,394,000
intangible assets:
goodwill	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	264,000,000	480,000,000	483,000,000	482,000,000	484,000,000	484,000,000	484,000,000	485,000,000	485,000,000	488,000,000	486,000,000	486,000,000	485,000,000	483,000,000	482,000,000	485,000,000	484,000,000	484,000,000	483,775,000	780,519,000	792,478,000	788,805,000	806,006,000	834,336,000	865,512,000	779,513,000	632,284,000	623,714,000	608,393,000	610,222,000	610,392,000	580,367,000	576,822,000	568,811,000	561,270,000
other intangible assets	130,000,000	135,000,000	139,000,000	143,000,000	148,000,000	153,000,000	158,000,000	163,000,000	168,000,000	173,000,000	178,000,000	183,000,000	189,000,000	194,000,000	199,000,000	204,000,000	210,000,000	216,000,000	222,000,000	229,000,000	235,000,000	241,000,000	273,000,000	281,000,000	288,000,000	300,000,000	311,000,000	322,000,000	334,000,000	345,000,000	357,000,000	368,000,000	379,000,000	390,000,000	400,000,000	411,000,000	425,000,000	436,000,000	448,000,000	458,800,000	646,045,000	664,993,000	677,939,000	701,118,000	739,338,000	756,372,000	767,122,000	708,009,000	711,574,000	718,810,000	735,672,000	749,272,000	743,418,000	754,038,000	780,198,000	771,867,000
total assets	1,795,000,000	1,774,000,000	1,704,000,000	1,624,000,000
liabilities and stockholders' equity
current liabilities:
trade accounts payable	433,000,000	438,000,000	434,000,000	329,000,000	382,000,000	378,000,000	402,000,000	355,000,000	438,000,000	448,000,000	467,000,000	410,000,000	479,000,000	433,000,000	400,000,000	321,000,000	329,000,000	350,000,000	338,000,000	264,000,000	293,000,000	301,000,000	399,000,000	357,000,000	431,000,000	438,000,000	462,000,000	435,000,000	470,000,000	527,000,000	523,000,000	415,000,000	449,000,000	388,000,000	390,000,000	314,000,000	344,000,000	320,000,000	309,000,000	326,813,000	387,606,000	422,981,000	521,617,000	538,943,000	617,369,000	652,912,000	535,842,000	550,393,000	498,797,000	488,225,000	519,218,000	438,344,000	521,818,000	547,083,000	555,556,000	479,584,000
accrued expenses and other current liabilities	119,000,000	114,000,000	121,000,000	124,000,000	108,000,000	105,000,000	95,000,000	102,000,000	111,000,000	97,000,000	99,000,000	115,000,000	96,000,000	79,000,000	87,000,000	80,000,000	76,000,000	81,000,000	85,000,000	94,000,000	86,000,000	89,000,000	82,000,000	91,000,000	93,000,000	95,000,000	97,000,000	130,000,000	131,000,000	136,000,000	136,000,000	143,000,000	115,000,000	114,000,000	112,000,000	111,000,000	99,000,000	104,000,000	100,000,000	109,618,000	116,481,000	116,367,000	140,549,000	167,825,000	173,030,000	149,989,000	150,118,000	124,925,000	121,874,000	105,521,000	105,856,000	124,026,000	134,550,000	100,298,000	142,500,000	108,973,000
operating lease liabilities	31,000,000	31,000,000	32,000,000	31,000,000	34,000,000	34,000,000	25,000,000	34,000,000	38,000,000	37,000,000	36,000,000	36,000,000	34,000,000	34,000,000	35,000,000	33,000,000	33,000,000	34,000,000	35,000,000	37,000,000	34,000,000	33,000,000	33,000,000	34,000,000	34,000,000	35,000,000	35,000,000
current portion of debt obligations	4,000,000	4,000,000	4,000,000	3,000,000			292,000,000	292,000,000
current liabilities of discontinued operations	1,000,000		2,000,000	21,000,000
total current liabilities	588,000,000	587,000,000	593,000,000	508,000,000	524,000,000	517,000,000	814,000,000	783,000,000	590,000,000	585,000,000	605,000,000	564,000,000	612,000,000	549,000,000	525,000,000	436,000,000	440,000,000	466,000,000	563,000,000	399,000,000	417,000,000	427,000,000	518,000,000	486,000,000	562,000,000	572,000,000	598,000,000	569,000,000	605,000,000	667,000,000	663,000,000	562,000,000	567,000,000	510,000,000	510,000,000	433,000,000	451,000,000	432,000,000	417,000,000	444,366,000	577,693,000	615,672,000	738,138,000	784,138,000	876,146,000	888,660,000	771,581,000	762,097,000	709,984,000	683,023,000	741,966,000	650,104,000	742,539,000	724,547,000	795,784,000	673,167,000	100,000	100,000
long-term liabilities:
long-term debt	472,000,000	445,000,000	367,000,000	384,000,000	85,000,000	152,000,000	3,000,000	9,000,000	300,000,000	368,000,000	387,000,000	337,000,000	338,000,000	353,000,000	300,000,000	295,000,000	323,000,000	296,000,000	277,000,000	379,000,000	405,000,000	470,000,000	517,000,000	547,000,000	623,000,000	734,000,000	742,000,000	680,000,000	715,000,000	704,000,000	635,000,000	522,000,000	444,000,000	402,000,000	404,000,000	406,000,000	507,000,000	508,000,000	510,000,000	515,720,000	655,858,000	840,101,000	1,365,351,000	1,445,709,000	1,408,998,000	1,389,908,000	1,306,292,000	978,899,000	1,037,264,000	1,077,329,000	1,066,570,000	1,250,089,000	1,267,971,000	1,355,122,000	1,611,960,000	1,526,740,000
deferred income taxes	35,000,000	37,000,000	39,000,000	35,000,000	41,000,000	45,000,000	47,000,000	45,000,000	46,000,000	51,000,000	54,000,000	49,000,000	55,000,000	56,000,000	57,000,000	53,000,000	65,000,000	70,000,000	71,000,000	70,000,000	80,000,000	81,000,000	90,000,000	91,000,000	91,000,000	95,000,000	98,000,000	98,000,000	99,000,000	102,000,000	106,000,000	106,000,000	172,000,000	177,000,000	184,000,000	184,000,000	197,000,000	204,000,000	208,000,000	208,470,000	65,671,000	68,389,000	68,037,000	69,435,000	77,812,000	77,824,000	77,686,000	78,844,000	82,813,000	82,777,000	5,261,000	6,603,000	65,699,000	65,787,000	69,155,000	68,210,000
other liabilities	28,000,000	27,000,000	27,000,000	28,000,000	27,000,000	20,000,000	20,000,000	20,000,000	20,000,000	20,000,000	21,000,000	22,000,000	22,000,000	23,000,000	26,000,000	32,000,000	32,000,000	34,000,000	36,000,000	41,000,000	41,000,000	46,000,000	43,000,000	37,000,000	37,000,000	35,000,000	32,000,000	40,000,000	34,000,000	38,000,000	36,000,000	36,000,000	22,000,000	23,000,000	24,000,000	23,000,000	20,000,000	23,000,000	22,000,000	21,678,000	21,501,000	23,031,000	22,551,000	23,054,000	24,413,000	28,256,000	19,750,000	15,302,000	18,659,000	20,776,000	22,197,000	22,164,000	16,693,000	17,204,000	18,108,000	17,933,000	6,000,000	6,000,000
commitments and contingencies
stockholders' equity:
common stock, 0.01 par value per share...	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000																			1,022,000	1,022,000	1,022,000	1,022,000	1,020,000	1,020,000	1,019,000	1,019,000	1,017,000	1,017,000	1,017,000	1,016,000	1,015,000	1,015,000	844,000	844,000
additional paid-in capital	1,785,000,000	1,781,000,000	1,777,000,000	1,779,000,000	1,774,000,000	1,770,000,000	1,767,000,000	1,768,000,000	1,764,000,000	1,761,000,000	1,757,000,000	1,758,000,000	1,754,000,000	1,751,000,000	1,748,000,000	1,747,000,000	1,747,000,000	1,744,000,000	1,742,000,000	1,739,000,000	1,736,000,000	1,733,000,000	1,730,000,000	1,731,000,000	1,727,000,000	1,722,000,000	1,719,000,000	1,721,000,000	1,717,000,000	1,714,000,000	1,695,000,000	1,691,000,000	1,686,000,000	1,683,000,000	1,678,000,000	1,677,000,000	1,674,000,000	1,671,000,000	1,668,000,000	1,665,726,000	1,663,502,000	1,660,473,000	1,657,742,000	1,655,696,000	1,653,702,000	1,649,880,000	1,646,421,000	1,644,406,000	1,637,003,000	1,632,368,000	1,629,729,000		1,622,423,000	1,620,271,000	1,284,790,000
retained deficit	-670,000,000	-661,000,000	-674,000,000	-652,000,000	-618,000,000	-641,000,000	-665,000,000	-678,000,000	-693,000,000	-722,000,000	-740,000,000	-768,000,000	-783,000,000	-801,000,000	-809,000,000	-819,000,000	-809,000,000	-792,000,000	-790,000,000	-781,000,000	-770,000,000	-767,000,000	-480,000,000	-483,000,000	-453,000,000	-468,000,000	-486,000,000	-498,000,000	-502,000,000	-520,000,000	-536,000,000	-548,000,000	-577,000,000	-574,000,000	-574,000,000	-574,000,000	-550,000,000	-504,000,000	-481,000,000	-467,378,000	-68,541,000	-78,578,000	-93,560,000	-122,625,000	-153,781,000	-203,915,000	-243,215,000	-266,735,000	-290,038,000	-328,795,000
less: treasury stock at cost: 25,433,286 and 24,216,330 shares, respectively	-390,000,000	-390,000,000
accumulated other comprehensive loss	-195,000,000	-195,000,000	-204,000,000	-237,000,000	-225,000,000	-232,000,000	-233,000,000	-228,000,000	-234,000,000	-230,000,000	-231,000,000	-230,000,000	-234,000,000	-229,000,000	-226,000,000	-231,000,000	-233,000,000	-231,000,000	-234,000,000	-234,000,000	-245,000,000	-251,000,000	-259,000,000	-232,000,000	-241,000,000	-233,000,000	-231,000,000	-232,000,000	-218,000,000	-220,000,000	-212,000,000	-210,000,000	-209,000,000	-220,000,000	-228,000,000	-234,000,000	-220,000,000	-220,000,000	-216,000,000	-231,999,000	-222,252,000	-178,608,000	-190,028,000	-136,878,000	-75,707,000	-31,292,000	-38,094,000	-40,422,000	-31,422,000	-43,535,000	-27,230,000	-22,164,000	-23,245,000	-35,396,000	-21,356,000	-26,140,000
total stockholders' equity	531,000,000	536,000,000	525,000,000	516,000,000
total liabilities and stockholders' equity	1,795,000,000	1,774,000,000	1,704,000,000	1,624,000,000
less: treasury stock at cost: 24,216,330 shares			-375,000,000		-375,000,000	-375,000,000	-375,000,000		-375,000,000	-375,000,000	-375,000,000		-375,000,000	-375,000,000	-375,000,000		-375,000,000	-375,000,000	-375,000,000		-375,000,000	-375,000,000	-375,000,000
noncurrent assets of discontinued operations
long-term obligations:
noncurrent liabilities of discontinued operations
6.5% series a convertible perpetual preferred stock, 0.01 par value...					355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000																			355,467,000	355,467,000
treasury stock				-375,000,000				-375,000,000				-375,000,000				-375,000,000				-375,000,000				-375,000,000				-300,000,000				-175,000,000				-107,000,000
stockholders' equity: - sum					557,000,000	523,000,000	495,000,000	488,000,000
current portion of long-term debt									3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	3,000,000	2,000,000	2,000,000	1,000,000	105,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	4,000,000	3,000,000	8,000,000	8,000,000	8,000,000	8,000,000	8,000,000	8,000,000	7,935,000	7,935,000	7,935,000	7,935,000	7,935,000	7,935,000	7,935,000	7,935,000	7,935,000	6,500,000	6,500,000		6,500,000
liabilities and stockholders’ equity
363,000 shares; 363,000 shares issued and outstanding																							355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000	355,000,000
stockholders’ equity:
106,209,943 and 105,624,750 issued, respectively																							1,000,000
stockholders’ equity: - sum																							617,000,000	642,000,000	671,000,000	672,000,000																										1,185,922,000	1,187,805,000	1,117,958,000	765,021,000	720,862,000
see notes to condensed consolidated financial statements.
105,624,750 and 104,953,693 issued, respectively																								1,000,000
see notes to consolidated financial statements.
105,623,390 and 104,953,693 issued, respectively																									1,000,000
less: treasury stock at cost: 23,436,329 and 19,347,839 shares, respectively																									-363,000,000
105,619,040 and 104,953,693 issued, respectively																										1,000,000
less: treasury stock at cost: 22,478,460 and 19,347,839 shares, respectively																										-350,000,000
105,545,121 and 104,953,693 issued, respectively																											1,000,000
less: treasury stock at cost: 21,106,376 and 19,347,839 shares, respectively																											-325,000,000
104,953,693 and 103,099,692 issued, respectively																												1,000,000
104,947,759 and 103,099,692 issued, respectively																													1,000,000
less: treasury stock at cost: 14,622,930 and 11,751,726 shares, respectively																													-225,000,000	-225,000,000
104,923,720 and 103,099,692 issued, respectively																														1,000,000
104,006,870 and 103,099,692 issued, respectively																															1,000,000
less: treasury stock at cost: 13,478,551 and 11,751,726 shares, respectively																															-205,000,000
103,099,692 and 102,529,637 issued, respectively																																1,000,000
103,051,858 and 102,529,637 issued, respectively																																	1,000,000
less: treasury stock at cost: 8,537,410 and 7,677,580 shares, respectively																																	-125,000,000	-125,000,000	-125,000,000
103,030,267 and 102,529,637 issued, respectively																																		1,000,000
102,927,696 and 102,529,637 issued, respectively																																			1,000,000
and 102,203,074 issued, respectively																																				1,000,000
102,513,201 and 102,202,599 issued, respectively																																					1,000,000
less: treasury stock at cost: 7,215,774 and 816,389 shares, respectively																																					-100,000,000
102,488,749 and 102,202,599 issued, respectively																																						1,000,000
less: treasury stock at cost: 6,094,663 and 816,389 shares, respectively																																						-83,000,000
102,345,890 and 102,202,599 issued, respectively																																							1,000,000
less: treasury stock at cost: 3,695,263 and 816,389 shares, respectively																																							-50,000,000
363 shares; 363 and no shares issued and outstanding, respectively																																								355,467,000
and 102,095 issued and outstanding, respectively																																								1,022,000
less: treasury stock at cost: 816 and no shares, respectively																																								-11,526,000
preferred stock, 0.01 par value per share...
income taxes payable																																																			24,912,000		17,936,000	7,091,000	26,133,000	11,950,000
deferred revenue																																																			5,320,000	1,573,000	2,536,000	4,288,000	2,440,000	4,450,000
current portion of long term debt																																																			6,500,000
retained																																																			-372,647,000	-418,830,000	-412,388,000	-467,932,000	-499,257,000	-536,791,000
income taxes receivable																																																				248,000					300,000	200,000
intangible assets: - sum																																																				1,359,664,000	1,323,785,000	1,330,860,000	1,349,009,000	1,333,137,000
long-term obligations: - sum																																																				1,533,701,000	1,572,898,000	1,654,647,000	1,917,653,000	1,833,658,000
additional paid-in-capital																																																				1,625,900,000				1,282,949,000
other assets:
debt issuance costs																																																								25,818,000
assets held for sale
other assets: - sum																																																								39,212,000
fixed assets:
inventory
investment in subsidiaries																																																									716,400,000	706,300,000
intercompany receivable																																																									7,500,000	7,800,000
fixed assets
accrued expenses																																																									100,000	100,000
intercompany payable
shareholders’ equity																																																									719,000,000	709,000,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30

operating activities																																								480,600	276,800
net income					29,000,000	30,000,000	19,000,000	21,000,000	35,000,000	24,000,000	34,000,000	21,000,000	24,000,000	14,000,000	16,000,000			4,000,000	-3,000,000	-5,000,000	3,000,000	-281,000,000	9,000,000	-24,000,000	21,000,000	24,000,000	18,000,000	10,000,000	24,000,000	22,000,000	18,000,000	35,000,000	3,000,000	6,000,000	6,000,000	-18,000,000	-40,000,000			16,019,000	16,275,000	29,065,000	31,156,000	50,134,000	39,300,000	23,520,000	23,303,000	38,757,000	43,852,000	46,183,000	-6,442,000	55,541,000	31,325,000	37,534,000	3,561,000	21,873,000
adjustments to reconcile net income from continuing operations to net cash from continuing operations:
depreciation and amortization	6,000,000	7,000,000	5,000,000	5,000,000	6,000,000	5,000,000	5,000,000	4,000,000	5,000,000	5,000,000	5,000,000	4,000,000	5,000,000	4,000,000	5,000,000	5,000,000	4,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	6,000,000	5,000,000	6,000,000	5,000,000	6,000,000	6,000,000	6,000,000	5,000,000	6,000,000	5,000,000	6,000,000	6,000,000	5,000,000	5,000,000	15,114,000	10,214,000	5,108,000	5,384,000	6,501,000	5,397,000	5,177,000	5,556,000	5,620,000	5,770,000	5,392,000	5,405,000	4,630,000	4,419,000	4,131,000
amortization of intangibles	4,000,000	4,000,000	5,000,000	4,000,000	5,000,000	5,000,000	5,000,000	6,000,000	5,000,000	5,000,000	5,000,000	6,000,000	4,000,000	6,000,000	5,000,000	6,000,000	6,000,000	6,000,000	6,000,000	6,000,000	7,000,000	6,000,000	7,000,000	9,000,000	11,000,000	11,000,000	11,000,000	11,000,000	12,000,000	11,000,000	11,000,000	11,000,000	12,000,000	11,000,000	11,000,000	12,000,000	12,000,000	11,000,000	12,000,000	45,913,000	30,943,000	15,879,000	14,590,000	19,329,000	18,150,000	15,730,000	12,944,000	13,100,000	12,785,000	13,243,000	12,282,000	12,428,000	12,439,000	12,317,000	12,853,000	12,731,000
equity-based compensation expense	4,000,000	4,000,000	4,000,000	5,000,000	4,000,000	3,000,000	4,000,000	4,000,000	3,000,000	4,000,000	3,000,000	4,000,000	3,000,000	3,000,000	3,000,000	2,000,000	3,000,000	2,000,000	5,000,000	4,000,000	3,000,000	3,000,000	2,000,000	4,000,000	5,000,000	3,000,000	4,000,000	3,000,000	4,000,000	3,000,000	4,000,000	4,000,000	3,000,000	5,000,000	4,000,000	3,000,000	2,000,000	4,000,000	3,000,000	8,282,000	5,373,000	2,456,000	1,505,000	3,402,000	2,258,000	1,808,000	6,886,000	3,963,000	2,719,000	1,920,000	2,616,000	2,201,000	1,817,000	1,841,000	2,121,000	3,822,000
deferred income tax
increase in lifo reserve	13,000,000							5,000,000	-4,000,000	2,000,000	-1,000,000	16,000,000	24,000,000	20,000,000	6,000,000	30,000,000	32,000,000	11,000,000	4,000,000				-3,000,000	1,000,000	-2,000,000			14,000,000	26,000,000	15,000,000	7,000,000	9,000,000	13,000,000	5,000,000	1,000,000					-30,082,000	-15,092,000	-237,000	5,953,000	3,840,000	752,000	1,315,000	1,067,000	-5,681,000	-12,494,000	-3,072,000	-27,220,000	-15,420,000	11,600,000	6,900,000	27,703,000	18,300,000
other non-cash items	2,000,000	-5,000,000	2,000,000	2,000,000	-2,000,000	4,000,000	3,000,000																													2,000,000	-2,000,000	2,000,000	2,000,000	-73,000	665,000	804,000	6,355,000	86,000	449,000	783,000	1,270,000	-380,000			1,743,000	3,645,000
changes in operating assets and liabilities:
accounts receivable	-4,000,000	-21,000,000	-59,000,000	72,000,000	6,000,000	-2,000,000	-51,000,000	92,000,000	-1,000,000	9,000,000	-28,000,000	31,000,000	-43,000,000	-42,000,000	-74,000,000	20,000,000	-19,000,000	-12,000,000	-50,000,000	31,000,000	41,000,000	102,000,000	-33,000,000	131,000,000	43,000,000	0	-47,000,000	82,000,000	1,000,000	-59,000,000	-98,000,000	47,000,000	-48,000,000	-42,000,000	-75,000,000	40,000,000	-16,000,000	37,000,000	67,000,000	663,841,000	750,500,000	103,160,000	94,662,000	-98,029,000	-89,425,000	-39,335,000	27,517,000	-32,233,000	-5,152,000	11,937,000	127,633,000	-41,711,000	-19,373,000	-44,150,000	45,731,000	-144,170,000
inventories	-47,000,000	-38,000,000	-44,000,000	-8,000,000	55,000,000	35,000,000	8,000,000	61,000,000	56,000,000	-5,000,000	-96,000,000	1,000,000	-61,000,000	-84,000,000	-52,000,000	-12,000,000	-23,000,000			71,000,000	61,000,000	45,000,000	-4,000,000	39,000,000			-42,000,000	31,000,000	-5,000,000	-84,000,000	-117,000,000	-68,000,000	-67,000,000			22,000,000	68,000,000	27,000,000	24,000,000	894,233,000	1,033,451,000	-8,612,000	-125,525,000	7,516,000	-44,561,000	-46,141,000	-43,547,000	21,002,000	14,443,000	12,581,000	105,563,000	59,272,000	-69,354,000	-68,807,000	-70,073,000	-38,963,000
other current assets	-2,000,000	-9,000,000	5,000,000		0	-4,000,000	1,000,000	1,000,000	5,000,000	-8,000,000	-1,000,000	2,000,000	7,000,000	-9,000,000	-9,000,000	9,000,000	5,000,000	-10,000,000	-6,000,000	10,000,000	7,000,000	-12,000,000	2,000,000			-7,000,000	8,000,000	5,000,000	-9,000,000			-5,000,000	8,000,000			-24,000,000	-1,000,000			37,528,000	35,367,000	-4,277,000	9,037,000	-4,169,000	-7,397,000	4,934,000	3,223,000	-3,009,000	-1,965,000	-6,987,000	5,155,000	372,000	-374,000	-5,834,000	-118,000	1,594,000
accounts payable	-4,000,000	6,000,000	100,000,000	-39,000,000	3,000,000	-23,000,000	49,000,000	-85,000,000	-9,000,000	-18,000,000	54,000,000	-75,000,000	49,000,000	38,000,000	78,000,000	-8,000,000	-18,000,000	11,000,000	75,000,000	-35,000,000	-12,000,000	-100,000,000	49,000,000	-76,000,000	-5,000,000	-25,000,000	27,000,000	-31,000,000	-58,000,000	10,000,000	106,000,000	-34,000,000	59,000,000	-6,000,000	74,000,000	-24,000,000	21,000,000	12,000,000	-22,000,000	-136,440,000	-111,375,000	-6,007,000	-68,144,000	-25,825,000	109,918,000	-45,696,000	52,471,000	6,364,000	-24,999,000	83,484,000	-93,942,000	-31,222,000	-3,032,000	43,816,000	-42,074,000	38,970,000
accrued expenses and other current liabilities	3,000,000	-17,000,000	-6,000,000	26,000,000	-3,000,000	11,000,000	-7,000,000	-11,000,000	13,000,000	-3,000,000	-15,000,000	15,000,000			8,000,000	3,000,000	-5,000,000	-4,000,000	-12,000,000	6,000,000	-8,000,000	4,000,000	-5,000,000	0	-4,000,000	-2,000,000	-29,000,000	-1,000,000	-6,000,000										-13,000,000	116,481,000	116,367,000	-32,025,000	-1,866,000	17,519,000	9,035,000	-15,140,000	-260,000	11,493,000	207,000	-15,578,000	-14,099,000	34,494,000	-27,710,000	17,346,000	-19,049,000	35,319,000
operating cash flows from continuing operations	-36,000,000	-46,000,000	21,000,000
operating cash flows from discontinued operations	-1,000,000	2,000,000	-7,000,000
net cash from operating activities	-37,000,000	-44,000,000	14,000,000
capital expenditures	-6,000,000	-15,000,000	-8,000,000
free cash flows	-43,000,000	-59,000,000	6,000,000
investing activities																																								-26,400	-15,300
purchases of property, plant and equipment	-6,000,000	-15,000,000	-9,000,000	-5,000,000	-9,000,000	-8,000,000	-6,000,000	-5,000,000	-5,000,000	-2,000,000	-3,000,000	-3,000,000	-3,000,000	-3,000,000	-2,000,000	-4,000,000	-2,000,000	-2,000,000	-2,000,000	-3,000,000	-3,000,000	-3,000,000	-2,000,000	-6,000,000	-6,000,000			-5,000,000				-7,000,000	-9,000,000	-3,000,000	-11,000,000	-9,000,000	-10,000,000	-4,000,000	-10,000,000	-23,781,000	-12,713,000	-4,410,000	-10,027,000	-5,465,000	-2,629,000	-1,957,000	-7,166,000	-4,260,000	-5,752,000	-4,890,000	-5,187,000	-6,145,000	-10,399,000	-4,458,000	-7,988,000	-4,750,000
other investing activities	0			0	0	0	1,000,000						0				0	1,000,000	1,000,000					0	0
investing cash flows from continuing operations	-6,000,000	-10,000,000	-9,000,000
investing cash flows from discontinued operations	1,000,000	0	17,000,000
net cash from investing activities	-5,000,000	-10,000,000	8,000,000	-5,000,000	-9,000,000	-8,000,000	-5,000,000	-2,000,000	-7,000,000	-2,000,000	-3,000,000	-1,000,000	-3,000,000	-5,000,000	-2,000,000	-3,000,000	-2,000,000	-1,000,000	-1,000,000	26,000,000	-2,000,000	-3,000,000	-2,000,000	-6,000,000	-6,000,000							-4,000,000	-9,000,000	-3,000,000	-11,000,000	-9,000,000	-11,000,000	-2,000,000	38,000,000	-26,418,000	-15,310,000	-6,840,000	-7,501,000	-3,274,000	-101,855,000	-249,341,000	-34,507,000	-24,113,000	-6,246,000	-4,543,000	-70,616,000	-6,595,000	-25,936,000	-79,892,000	-9,961,000	-9,618,000
financing activities																																								-441,500	-251,900
payments on revolving credit facilities	-167,000,000	-153,000,000	-184,000,000	-173,000,000	-161,000,000	-101,000,000	-14,000,000	-106,000,000	-279,000,000	-286,000,000	-211,000,000	-256,000,000	-248,000,000	-168,000,000	-107,000,000	-127,000,000	-137,000,000	-123,000,000	-2,000,000	-164,000,000	-195,000,000	-232,000,000	-228,000,000	-359,000,000	-273,000,000	-257,000,000	-256,000,000	-310,000,000	-333,000,000	-281,000,000	-194,000,000	-228,000,000	-245,000,000	-209,000,000	-14,000,000	-9,000,000	-5,000,000	-4,000,000	-23,000,000	-1,102,190,000	-764,774,000	-321,564,000	-352,372,000	-341,982,000	-354,960,000	-451,808,000	-616,093,000	-539,888,000	-449,747,000	-544,460,000
proceeds from revolving credit facilities	195,000,000	232,000,000	168,000,000	132,000,000	94,000,000	249,000,000	9,000,000	104,000,000	213,000,000	268,000,000	262,000,000	255,000,000	234,000,000	222,000,000	113,000,000	99,000,000	165,000,000	123,000,000	2,000,000	139,000,000	130,000,000	184,000,000	205,000,000	283,000,000	164,000,000	250,000,000	319,000,000	276,000,000	345,000,000	352,000,000	307,000,000	307,000,000	295,000,000	209,000,000	14,000,000	9,000,000	5,000,000	4,000,000	23,000,000	566,835,000	411,854,000	243,250,000	391,653,000	364,123,000	440,272,000	781,114,000	409,917,000	500,748,000	462,381,000	365,167,000
payments on debt obligations	-1,000,000			0	0	-294,000,000	-1,000,000
debt issuance costs paid			-1,000,000					0								0																								-1,361,000	-1,345,000		-107,000	-3,257,000	-259,000	-90,000	-508,000	-8,000	-8,000	-173,000	-12,108,000	-208,000	-623,000	-7,099,000	-146,000	-559,000
dividends paid on preferred stock				-5,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000	-6,000,000			-6,000,000	-6,000,000			-6,000,000	-6,000,000			-6,000,000	-6,000,000
repurchases of common stock	0
repurchases of shares to satisfy tax withholdings	0	-1,000,000	-6,000,000	0	0	0	-5,000,000	0	0	0	-4,000,000	0	0	0	-2,000,000	-2,000,000	0	0	-2,000,000	-1,000,000	0	0	-3,000,000	0	0
other financing activities	0
financing cash flows from continuing operations	26,000,000	62,000,000	-23,000,000
financing cash flows from discontinued operations
net cash from financing activities	26,000,000	62,000,000	-23,000,000	-72,000,000	-73,000,000	-152,000,000	-17,000,000	-9,000,000	-73,000,000	-25,000,000	40,000,000	-7,000,000	-21,000,000	47,000,000	-2,000,000	-36,000,000	19,000,000	-92,000,000	-9,000,000	-33,000,000	-72,000,000	-54,000,000	-36,000,000	-96,000,000	-129,000,000	-39,000,000	26,000,000	-115,000,000	5,000,000	58,000,000	76,000,000	23,000,000	23,000,000	-8,000,000	-29,000,000	-114,000,000	-25,000,000	-41,000,000	-46,000,000	-441,477,000	-251,913,000	-80,323,000	37,708,000	17,593,000	84,388,000	327,552,000	-56,654,000	-40,101,000	10,945,000	-179,181,000	-103,699,000	-100,505,000	68,121,000	75,591,000	24,574,000	47,473,000
decrease in cash													9,000,000									-10,000,000	-1,000,000	6,000,000	-9,000,000	7,000,000	-16,000,000		-2,000,000																		-8,948,000				-10,000	5,281,000
effect of foreign exchange rate on cash	0	4,000,000	1,000,000	-1,000,000	-1,000,000	0	-1,000,000	1,000,000	-1,000,000			1,000,000	-1,000,000			0			-1,000,000	3,000,000	1,000,000	1,000,000	-3,000,000									0	2,000,000	1,000,000	2,000,000		0	-1,000,000	2,000,000	-4,839,000	-1,734,000	-4,245,000	1,469,000	-2,898,000	1,354,000	1,059,000	697,000	366,000	-1,801,000	-352,000	261,000	-8,437,000	3,906,000	-1,308,000	-1,984,000	1,747,000
cash -- beginning of period	0	0	63,000,000		0	0	131,000,000		0	0	32,000,000		0	0	48,000,000		0	0	119,000,000		0	0	32,000,000		0	0	43,000,000		0	0	48,000,000		0	0	109,000,000		0	0	69,000,000	25,064,000	25,064,000	25,064,000		0	0	25,188,000		0
cash -- end of period	-16,000,000	12,000,000	63,000,000		13,000,000	-97,000,000	146,000,000		21,000,000	-8,000,000	39,000,000		8,000,000	-10,000,000	31,000,000		-16,000,000	-69,000,000	132,000,000		21,000,000	-9,000,000	28,000,000		-10,000,000	8,000,000	27,000,000		-2,000,000	-14,000,000	45,000,000		3,000,000	-56,000,000	93,000,000		46,000,000	46,000,000	121,000,000	32,944,000	32,942,000	49,280,000		-5,361,000	6,351,000	30,140,000		-4,373,000
supplemental disclosures of cash flow information:
cash paid for interest, net of capitalized interest	9,000,000	13,000,000	9,000,000
cash paid for income taxes	0	8,000,000	2,000,000	2,000,000	19,000,000	6,000,000	13,000,000	11,000,000	17,000,000	14,000,000	13,000,000	10,000,000	0	24,000,000	1,000,000	-1,000,000	4,000,000	10,000,000	2,000,000	0	1,000,000	1,000,000	1,000,000	7,000,000	10,000,000	12,000,000	5,000,000	5,000,000	12,000,000	21,000,000	1,000,000	2,000,000	11,000,000			3,000,000	2,000,000	5,000,000	1,000,000	70,213,000	49,796,000	10,342,000	34,942,000	26,746,000	43,004,000	-2,044,000		23,020,000	56,350,000	3,219,000		14,782,000	41,426,000	9,982,000	-9,690,000	5,731,000
supplemental non-cash transactions:
change in accrued purchases of property, plant and equipment			1,000,000
net income from continuing operations		13,000,000	8,000,000
deferred income tax expense			1,000,000			-1,000,000	2,000,000			-3,000,000	5,000,000			0	1,000,000																																								-2,263,000	-8,774,000
increase in cash		8,000,000	-1,000,000	2,000,000			16,000,000	78,000,000			7,000,000				-17,000,000	1,000,000			14,000,000	76,000,000												8,000,000	1,000,000	-57,000,000	-18,000,000	-100,000,000	46,000,000	47,000,000	50,000,000	12,719,000	9,612,000	28,461,000		-2,463,000	4,997,000	3,893,000			12,192,000	-9,317,000				14,014,000
deferred income tax benefit								-4,000,000				-6,000,000				-8,000,000	-6,000,000			-11,000,000	-2,000,000	-9,000,000	1,000,000	0	-3,000,000	-3,000,000	1,000,000					-65,000,000				-11,000,000				-17,477,000	-15,688,000	-8,040,000	-9,022,000	-9,840,000	-8,529,000	-6,809,000	-3,076,000	-5,743,000	-6,987,000	-4,017,000		6,060,000	-7,413,000	-2,110,000
foreign currency losses																																				3,000,000	-1,000,000	1,000,000	1,000,000	4,360,000	5,532,000	4,155,000	664,000	4,915,000			920,000	-1,448,000
proceeds from the disposition of property, plant and equipment																								0	0			0								0				994,000	756,000	492,000	104,000	395,000	285,000	551,000	558,000	3,798,000	175,000	52,000		541,000	715,000	1,195,000		899,000
proceeds from term loan
repurchase of preferred stock
cash beginning of year
cash end of year
supplemental cash flow information:
equity-based compensation expense capitalized to software development costs
adjustments to reconcile net income to net cash from operations:
net cash from operations					96,000,000	63,000,000	38,000,000	89,000,000	102,000,000	20,000,000	-30,000,000	10,000,000	33,000,000	-50,000,000	-13,000,000	40,000,000	-31,000,000	23,000,000	24,000,000	83,000,000	94,000,000	47,000,000	37,000,000	108,000,000	126,000,000	48,000,000	-40,000,000	135,000,000	-7,000,000	-65,000,000	-74,000,000	-11,000,000	-13,000,000	-46,000,000	22,000,000	23,000,000	82,000,000	90,000,000	58,000,000	480,614,000	276,835,000	115,624,000	-37,742,000	-16,782,000	22,464,000	-74,318,000	82,213,000	59,475,000	7,493,000	174,407,000	174,305,000	112,381,000	-64,929,000	18,315,000	-7,949,000	-37,592,000
cash paid for interest					4,000,000	6,000,000	7,000,000	8,000,000	9,000,000	9,000,000	7,000,000	5,000,000	6,000,000	5,000,000	5,000,000	5,000,000	5,000,000	5,000,000	6,000,000	6,000,000	6,000,000	7,000,000	8,000,000	9,000,000	10,000,000	10,000,000	10,000,000	10,000,000	9,000,000	10,000,000	8,000,000	6,000,000	8,000,000	6,000,000	7,000,000	7,000,000	7,000,000	8,000,000	8,000,000	35,009,000	25,832,000	13,543,000	13,660,000	14,978,000	14,404,000	13,509,000	13,918,000	13,870,000	14,048,000	13,648,000	40,478,000	5,409,000	51,515,000	7,444,000	57,004,000	4,916,000
other									-1,000,000	8,000,000	5,000,000		4,000,000				0				2,000,000	0	1,000,000		0	-1,000,000	4,000,000				2,000,000		-1,000,000	2,000,000	2,000,000					844,000	-315,000	-109,000
payments on long-term obligations									0	-1,000,000	-1,000,000	0	-1,000,000			0	0	-86,000,000	-1,000,000	-1,000,000	-1,000,000	0	-4,000,000	-1,000,000	-1,000,000							0								-255,951,000	-253,968,000	-1,984,000	-1,984,000	-1,983,000	-1,984,000	-1,984,000	-1,984,000	-1,625,000			-1,625,000	0	0	-31,456,000
amortization of debt issuance costs												0				1,000,000								0	0			0	0			0	1,000,000	1,000,000	1,000,000	1,000,000				3,339,000	2,267,000	1,148,000	1,186,000	1,118,000	1,352,000	1,352,000	1,401,000	1,467,000	1,463,000	1,446,000	1,694,000	2,283,000	2,479,000	2,326,000	2,399,000	2,684,000
goodwill and intangible asset impairment																				0	0
lease impairment and abandonment																				-1,000,000	0
inventory-related charges																				12,000,000	0															0
provision for credit losses
gain on sale leaseback
purchases of common stock
net loss
adjustments to reconcile net loss to net cash from operations:
write off of debt issuance costs																												0	0			0								3,249,000	-3,249,000										0	0	0	1,685,000	0	0
change in fair value of derivative instruments																																								1,670,000	-393,000	743,000	-580,000	-2,593,000	697,000	3,563,000	-4,142,000	1,828,000	-1,850,000	-567,000	-416,000	-845,000	1,200,000	-2,125,000	-1,784,000	-1,768,000
proceeds from exercise of stock options																												0	1,000,000	15,000,000	5,000,000									314,000	100,000	84,000	554,000	647,000	1,169,000	329,000	1,055,000	596,000	175,000	1,459,000	626,000	31,000			0	0
decrease in lifo reserve																					-11,000,000
provision for uncollectible accounts																					-2,000,000	-1,000,000	6,000,000													2,000,000				1,677,000	1,842,000	1,153,000	786,000	380,000	317,000	244,000	57,000	509,000	43,000	-907,000	-1,508,000	1,392,000	1,817,000	727,000	-300,000	418,000
purchase of common stock																									-13,000,000	-25,000,000	-25,000,000		0	-20,000,000	-30,000,000		0	0	-18,000,000		-17,000,000	-33,000,000	-38,000,000
see notes to condensed consolidated financial statements.
see notes to consolidated financial statements.
proceeds from the disposition of non-core product lines
income taxes payable																																		-14,000,000	2,000,000					-4,969,000	-7,440,000	11,151,000	-3,883,000	8,934,000	-13,768,000	22,013,000	-6,242,000	3,866,000	-29,879,000	25,198,000		10,754,000	-18,931,000	14,044,000
proceeds from issuance of preferred stock, net of issuance costs																																								355,467,000	355,467,000
adjustments to reconcile net income to net cash (used in) provided by operations:
proceeds from the disposition of non-core product line																																					0	0	48,000,000
acquisitions, net of cash acquired of 0, 0 and 4
benefit from uncollectible accounts																																						1,000,000	1,000,000
finished goods inventory at average cost:
energy carbon steel tubular products																																						-11,000,000	176,000,000	337,036,000	426,817,000
valves, valve actuation and instrumentation
all other products
less: excess of average cost over lifo cost																																						1,000,000	-78,000,000	-112,580,000	-127,570,000
less: other inventory reserves																																						-2,000,000	-31,000,000	-27,198,000	-25,781,000
valves, fittings, flanges and all other products																																							653,000,000	696,975,000	759,985,000
changes in operating assets and liabilities, net of acquisitions:
acquisitions, net of cash acquired of 0, 3,757 and 2,433
proceeds from issuance of term loan
tax benefit on stock options																																											-36,000	45,000			959,000	76,000	-225,000	451,000
☐
delaware																																								20,000	20,000
2 houston center, 909 fannin street, suite 3100 houston, texas																																								77,010,000	77,010,000
page
part i – financial information
item 1
item 2.
item 3.
item 4.
part ii – other information
item 1.
item 1a.
item 5.
item 6.
assets
current assets:
cash																																								32,944,000	32,942,000
total current assets																																								1,628,546,000	1,852,260,000
other assets																																								25,749,000	26,887,000
property, plant and equipment																																								117,535,000	115,134,000
intangible assets:
goodwill																																								780,519,000	792,478,000
other intangible assets																																								646,045,000	664,993,000
liabilities and stockholders' equity
current liabilities:
trade accounts payable																																								387,606,000	422,981,000
deferred income taxes																																								65,671,000	68,389,000
current portion of long-term debt																																								7,935,000	7,935,000
total current liabilities																																								577,693,000	615,672,000
long-term obligations:
long-term debt																																								655,858,000	840,101,000
other liabilities																																								21,501,000	23,031,000
commitments and contingencies
6.5% series a convertible perpetual preferred stock, 0.01 par value; authorized 363 shares; 363 and no shares issued and outstanding, respectively																																								355,467,000	355,467,000
stockholders' equity:
common stock, 0.01 par value per share: 500,000 shares authorized, 102,202 and 102,095 issued and outstanding, respectively																																								1,022,000
additional paid-in capital																																								1,663,502,000	1,660,473,000
retained deficit																																								-68,541,000	-78,578,000
accumulated other comprehensive loss																																								-222,252,000	-178,608,000
sales																																								1,071,189,000	1,198,064,000
cost of sales																																								886,034,000	992,147,000
gross profit																																								185,155,000	205,917,000
selling, general and administrative expenses																																								142,044,000	158,903,000
operating income																																								43,111,000	47,014,000
other expense:
interest expense																																								-10,070,000	-13,699,000
income before income taxes																																								35,555,000	29,358,000
income tax expense																																								19,536,000	13,083,000
series a preferred stock dividends																																								5,982,000	1,293,000
net income available to common stockholders																																								10,037,000	14,982,000
basic earnings per common share																																								100	150
diluted earnings per common share																																								100	150
weighted-average common shares, basic																																								102,187,000	102,168,000
weighted-average common shares, diluted																																								102,529,000	102,786,000
other comprehensive loss
foreign currency translation adjustments																																								-43,644,000	11,420,000
comprehensive income																																								-27,625,000	27,695,000
acquisitions, net of cash acquired																																												-320,000	-99,471,000	-247,201,000
other investment and notes receivable transactions																																								-3,631,000	-3,353,000	-2,922,000		2,116,000	-40,000	-734,000	-3,014,000	-1,742,000	-669,000	295,000	-2,776,000	-991,000	825,000	-3,813,000	-3,549,000	-1,207,000
dividend paid on series a preferred stock																																								-4,260,000
senior secured term loan b, net of discount of 2,122 and 3,693																																								525,508,000
global abl facility																																								138,282,000	320,663,000
less: current portion																																								7,935,000	7,935,000
currency translation adjustments																																								-221,639,000	-177,995,000
pension related adjustments																																								-613,000	-613,000
less: dividends on series a preferred stock																																								5,982,000	1,293,000
average basic shares outstanding																																								102,187,000	102,168,000
effect of dilutive securities																																								342,000	618,000
average diluted shares outstanding																																								102,529,000	102,786,000
net income per share
basic																																								100	150
diluted																																								100	150
u.s.																																								865,400	956,300
canada																																								69,400	77,600
international																																								136,400	164,200
total assets																																								3,198,400	3,451,800
type
energy carbon steel tubular products:
line pipe
oil country tubular goods
valves, fittings, flanges and other products:
valves and specialty products
carbon steel fittings and flanges and
stainless steel and alloy pipe and fittings
average rig count :
united states																																								866,000	907,000
total																																								2,188,000	2,174,000
average commodity prices :
wti crude oil																																								46,490	57,850
brent crude oil																																								50,440	61,650
natural gas																																								2,760	2,750
average monthly u.s. well permits																																								3,604,000	3,716,000
3:2:1 crack spread																																								20,930	24,410
_______________________
source-baker hughes
source-department of energy, eia
source-rig data
source- bloomberg
upstream																																								378,800	434,700
midstream																																								370,000	418,700
downstream and other industrials																																								322,400	344,700
sales:
consolidated																																								1,071,200	1,198,100
operating income:
other income																																								2,500	-4,000
adjusted gross profit																																								190,100	211,300
adjusted ebitda																																								51,300	63,200
gross profit, as reported																																								185,200	205,900
severance and restructuring charges																																								700	6,900
cancellation of executive employment agreements
other expense																																								-5,100	-7,600
loss on sale of canadian pcp business
net cash from:
net increase in cash and cash equivalents																																								12,700	9,600
a summary of our purchases of mrc global inc. common stock during the third quarter of fiscal year 2015 is as follows:
july 1 - july 31
august 1- august 31
september 1- september 30
we purchased 87 shares in connection with funding employee income tax withholding obligations arising upon the lapse of restrictions on restricted shares. there were no open-market repurchases.
number
31.1*
31.2*
32**
100*
101*
mrc global inc.
by: /s/ james e. braun
james e. braun executive vice president and chief financial officer
common stock, 0.01 par value per share: 500,000 shares authorized, 102,179 and 102,095 issued and outstanding, respectively																																									1,022,000
other comprehensive income
senior secured term loan b, net of discount of 2,252 and 3,693																																									527,362,000
carbon steel fittings and flanges andstainless steel and alloy pipe and fittings
a summary of our purchases of mrc global inc. common stock during the second quarter of fiscal year 2015 is as follows:
april 1 - april 30																																									2,480,000
may 1- may 31
june 1- june 30																																									16,000
we purchased 2,496 shares in connection with funding employee income tax withholding obligations arising upon the lapse of restrictions on restricted shares. there were no open-market repurchases.
by: /s/ james e.braun
loss on early extinguishment of debt																																																			92,215,000	10,322,000
acquisitions, net of cash acquired of 3,757, 2,433 and 0
proceeds from the sale of common stock																																																			0	-80,000
purchases and redemption of senior secured notes
cash -- beginning of year
cash -- end of year
foreign currency gains																																														-1,636,000
acquisitions, net of cash acquired of 2,433, 0 and 2,036
proceeds from the sale of assets held for sale																																																							0	0
cash paid for (received from) income taxes
purchase of senior secured notes																																																				-94,561,000
non-operating losses and other items not using cash																																																		388,000				700,000
deferred revenue																																																		3,763,000	-945,000	-1,815,000	1,865,000	-2,026,000	333,000	-874,000
payments on long term obligations																																																		-1,625,000
cash – beginning of period																																																		37,090,000		0	0	46,127,000
cash – end of period																																																		27,421,000		-3,156,000	-18,838,000	58,833,000
hedge termination
income taxes																																																							28,422,000	14,077,000
proceeds from the disposition of property, plant & equipment
acquisitions, net of cash acquired of 0, 2,036, and 781
net proceeds from/(payments) on revolving credit facilities
proceeds from issuance of senior secured notes
forfeited dividends on forfeited unvested restricted stock
cash equity contributions
cash—beginning of year
cash—end of year
acquisitions, net of cash acquired of 0 and 1,900 for 2012 and 2011, respectively																																																				0
net proceeds from/on revolving credit facilities																																																				-5,687,000
tax benefit of stock options																																																				0
acquisition of the assets and operations of onesteel piping systems																																																						-72,816,000
net proceeds on/from revolving credit facilities																																																						114,146,000
inventory write-down
goodwill and other intangible asset impairment
amortization and release of previously designated hedge from oci
net gain on early extinguishment of debt
non-operating losses and other items not using (providing) cash
acquisitions, net of cash acquired of 2,036, 781 and 42,989 for 2011, 2010, and 2009, respectively.
repurchase of common stock
dividends paid
cash—beginning of period
cash—end of period
depreciation and amortization expense																																																								4,654,000
write down of inventory
nonoperating losses and other items not using cash																																																								2,515,000
acquisitions, net of cash acquired of 1,900 and 781 for 2011 and 2010, respectively
net advances from (payments on) revolving credit facilities																																																								48,032,000
(decrease) in cash																																																								263,000
cash — beginning of period																																																								0
cash — end of period																																																								2,010,000
acquisition of the south texas supply company, inc., net of cash acquired of 781
acquisition of stainless pipe and fittings australia pty. ltd., net of cash acquired of 1,900

MRC Global Inc(NYSE:MRC)

MRC Global Inc
(NYSE:MRC)