MASCO CORP /DE/

Listed Company

MASCIK 0000062996NYSELarge AcceleratedHeating Equip, Except Elec & Warm Air; & Plumbing FixturesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$7.56B

Net Income

$810.00M

Total Assets

$5.20B

Equity

$-185.00M

Shares Out

201.70M

Op. Cash Flow

$1.02B

Business

MASCO CORP /DE/ is a global designer, manufacturer and distributor of branded home improvement and building products. It offers architectural coatings and paint products as well as plumbing fixtures, faucets, showering systems, spas, hardware, applicators and related accessories across leading brands such as BEHR, DELTA, HANSGROHE, LIBERTY and HOT SPRING. The company reports two primary business segments: Plumbing Products and Decorative Architectural Products. Its products are sold worldwide, primarily through home center retailers, online and mass retailers, wholesalers, distributors, specialty retailers and some consumer-direct channels.

Summary from filing dated 2025-02-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net sales	7,562	7,828	7,967	8,680	8,375
Cost of sales	4,883	4,997	5,131	5,967	5,512
Gross profit	2,679	2,831	2,836	2,713	2,863
Selling, general and administrative expenses	1,426	1,468	1,473	1,390	1,413
Impairment charges for other intangible assets	5	0	15	26	45
Operating profit	1,248	1,363	1,348	1,297	1,405
Interest expense	−101	−99	−106	−108	—
Other, net	−12	−103	−4	4	−439
Nonoperating income (expense)	−114	−202	−110	−104	−717
Income before income taxes	1,135	1,161	1,238	1,193	688
Income tax expense	277	287	278	288	210
Net income	858	874	960	905	478
Less: Net income attributable to noncontrolling interest	48	52	52	61	68
Net income attributable to Masco Corporation	810	822	908	844	410
Net income, basic (in dollars per share)	3.87	3.77	4.03	3.65	1.63
Net income, diluted (in dollars per share)	3.86	3.76	4.02	3.63	1.62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash investments	647	634	634	452	926
Receivables	1,028	1,035	1,090	1,149	1,171
Inventories	1,046	938	1,022	1,236	1,216
Prepaid expenses and other	119	123	110	109	109
Total current assets	2,840	2,730	2,856	2,946	3,422
Property and equipment, net	1,195	1,116	1,121	—	—
Goodwill	623	597	604	537	568
Other intangible assets, net	205	220	377	350	388
Operating lease right-of-use assets	233	231	268	266	187
Other assets	105	123	139	113	114
Total assets	5,201	5,016	5,363	5,187	5,575
Accounts payable	810	789	840	877	1,045
Notes payable	2	3	3	205	10
Accrued liabilities	761	767	852	807	884
Total current liabilities	1,573	1,560	1,695	1,889	1,939
Long-term debt	2,945	2,945	2,945	2,946	2,949
Noncurrent operating lease liabilities	221	223	258	255	172
Other liabilities	387	342	349	339	437
Total liabilities	5,125	5,069	5,247	5,429	5,497
Commitments and contingencies (Note R)	—	—	—	—	—
Common shares, par value $1 per share Authorized shares: 1,400,000,000; Issued and outstanding: 2025 204,300,000; 2024 212,500,000	204	212	221	225	241
Preferred shares authorized: 1,000,000; Issued and outstanding: 2025 and 2024 None	0	0	0	0	0
Paid-in capital	0	0	0	16	0
Retained deficit	−688	−693	−596	−947	−652
Accumulated other comprehensive income	298	201	249	226	232
Total Masco Corporation's shareholders' deficit	−185	−279	−126	−480	−179
Noncontrolling interest	261	227	224	—	—
Total equity	76	−53	98	−262	56
Total liabilities and equity	5,201	5,016	5,363	5,187	5,575

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	148	150	149	145	151
Deferred income taxes	64	28	−32	−15	−68
Employee withholding taxes paid on stock-based compensation	10	35	29	17	15
Loss on disposition of business, net	0	80	0	1	18
(Gain) loss on disposition of property and equipment	−5	3	6	—	—
Pension and other post-retirement benefits	−8	−7	−6	−3	312
Impairment charges for other intangible assets	5	0	15	—	—
Stock-based compensation	30	39	31	49	61
Decrease (increase) in receivables	19	−39	42	−15	−64
(Increase) decrease in inventories	−81	4	233	−43	−350
Decrease in accounts payable and accrued liabilities, net	−14	−95	−34	−225	190
Other, net	−4	3	21	22	−3
Net cash from operating activities	1,022	1,075	1,413	840	930
Purchase of Company common stock	−571	−751	−353	−914	−1,026
Excise tax paid on the purchase of Company common stock	−6	−3	0	0	—
Cash dividends paid	−261	−254	−257	−258	−211
Purchase of redeemable noncontrolling interest	0	−15	0	0	—
Dividends paid to noncontrolling interest	−45	−37	−49	−68	−43
Proceeds from short-term borrowings	0	0	77	0	0
Payment of short-term borrowings	0	0	−77	0	0
Payment of term loan	0	0	−200	−300	0
Proceeds from the exercise of stock options	6	79	38	1	5
Employee withholding taxes paid on stock-based compensation	−10	−35	−29	−17	−15
Payment of debt	−2	−3	−5	−10	−3
Net cash for financing activities	−888	−1,017	−854	−1,066	−1,298
Capital expenditures	−156	−168	−243	−224	−128
Acquisition of businesses, net of cash acquired	0	−4	−136	0	−57
Business, net of cash disposed	0	126	0	—	—
Property and equipment	14	1	3	1	0
Other, net	−3	−5	−7	−6	−3
Net cash for investing activities	−144	−50	−383	−230	−12
Effect of exchange rate changes on cash and cash investments	25	−9	6	−18	−20
Increase (decrease) for the year	14	−1	182	−474	−400

Filings

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