Financial Statements — MERC
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.08 | 0.08 | 0.10 | 0.15 | 0.18 | 0.24 | 0.26 | 0.27 | 0.34 | 0.21 | 0.30 | 0.29 | 0.42 | 0.41 | 0.34 | 0.38 | 0.40 |
| Accounts Receivable | 0.31 | 0.33 | 0.33 | 0.34 | 0.35 | 0.35 | 0.34 | 0.37 | 0.27 | 0.34 | 0.35 | 0.32 | 0.31 | 0.39 | 0.25 | 0.23 | 0.24 |
| Inventory | 0.38 | 0.37 | 0.38 | 0.42 | 0.38 | 0.39 | 0.40 | 0.41 | 0.42 | 0.43 | 0.53 | 0.39 | 0.35 | 0.35 | 0.35 | 0.31 | 0.29 |
| Total Current Assets | 0.78 | 0.83 | 0.87 | 0.94 | 0.97 | 1.06 | 1.07 | 1.13 | 1.06 | 1.00 | 1.20 | 1.10 | 1.17 | 1.17 | 0.95 | 0.94 | 0.94 |
| Property, Plant & Equipment | 1.03 | 1.07 | 1.32 | 1.34 | 1.27 | 1.36 | 1.33 | 1.36 | 1.40 | 1.43 | 1.35 | 1.25 | 1.10 | 1.13 | 1.14 | 1.13 | 1.10 |
| Goodwill | -- | -- | -- | -- | -- | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | -- | -- | -- | -- | -- |
| Intangible Assets | 0.02 | 0.03 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.06 | 0.04 | 0.05 | 0.05 | 0.05 | 0.05 |
| Total Non-current Assets* | 1.09 | 1.13 | 1.42 | 1.44 | 1.37 | 1.44 | 1.42 | 1.48 | 1.59 | 1.63 | 1.54 | 1.45 | 1.25 | 1.29 | 1.28 | 1.28 | 1.24 |
| Total Assets | 1.87 | 1.96 | 2.29 | 2.38 | 2.34 | 2.50 | 2.48 | 2.61 | 2.66 | 2.63 | 2.74 | 2.54 | 2.42 | 2.46 | 2.23 | 2.21 | 2.18 |
| Accounts Payable | 0.27 | 0.28 | 0.29 | 0.29 | 0.29 | 0.27 | 0.30 | 0.29 | 0.27 | 0.37 | 0.38 | 0.32 | 0.27 | 0.28 | 0.26 | 0.26 | 0.23 |
| Short-term Debt | 0.33 | 0.11 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 0.60 | 0.38 | 0.29 | 0.30 | 0.30 | 0.28 | 0.31 | 0.30 | 0.27 | 0.37 | 0.38 | 0.32 | 0.27 | 0.28 | 0.26 | 0.27 | 0.23 |
| Long-term Debt | 1.64 | 1.62 | 1.55 | 1.53 | 1.50 | 1.60 | 1.57 | 1.62 | 1.59 | 1.40 | 1.38 | 1.34 | 1.25 | 1.26 | 1.16 | 1.16 | 1.20 |
| Total Non-current Liabilities* | 1.37 | 1.58 | 1.64 | 1.63 | 1.60 | 1.71 | 1.69 | 1.73 | 1.72 | 1.53 | 1.53 | 1.50 | 1.39 | 1.41 | 1.35 | 1.35 | 1.38 |
| Total Liabilities | 1.97 | 1.97 | 1.93 | 1.93 | 1.90 | 1.99 | 2.00 | 2.03 | 1.99 | 1.90 | 1.92 | 1.82 | 1.66 | 1.69 | 1.60 | 1.61 | 1.61 |
| Retained Earnings | (0.40) | (0.33) | 0.03 | 0.11 | 0.20 | 0.22 | 0.24 | 0.31 | 0.43 | 0.46 | 0.56 | 0.58 | 0.52 | 0.45 | 0.30 | 0.24 | 0.22 |
| Total Stockholder Equity | (0.10) | (0.01) | 0.36 | 0.45 | 0.44 | 0.52 | 0.49 | 0.57 | 0.67 | 0.73 | 0.82 | 0.72 | 0.75 | 0.77 | 0.63 | 0.60 | 0.57 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 460.28 | 489.30 | 449.50 | 458.07 | 453.52 | 506.97 | 488.41 | 502.14 | 499.38 | 553.43 | 470.49 | 470.82 | 529.86 | 522.67 | 583.06 | 532.81 | 572.33 | 592.74 | 518.96 | 469.75 |
| Selling, General & Admin | 31.55 | 28.55 | 25.48 | 28.82 | 30.43 | 29.70 | 25.79 | 29.16 | 29.79 | 31.70 | 26.74 | 30.10 | 32.39 | 33.95 | 35.76 | 24.26 | 23.62 | 22.20 | 18.67 | 19.48 |
| Operating Income | (58.97) | (32.89) | (278.49) | (67.59) | (58.40) | 6.73 | 50.39 | 8.84 | (43.78) | (0.45) | (56.39) | (3.43) | (108.83) | (20.12) | 47.26 | 108.72 | 114.03 | 122.35 | 129.96 | 113.76 |
| Pretax Income | (89.39) | (60.17) | (306.11) | (95.56) | (87.93) | (21.61) | 20.16 | (17.68) | (66.32) | (23.07) | (86.13) | (21.97) | (125.78) | (35.93) | 28.63 | 98.04 | 105.50 | 113.13 | 118.23 | 101.61 |
| Tax Provision | (13.41) | (8.18) | 2.59 | (14.78) | (1.86) | 0.73 | 3.45 | (0.12) | 1.26 | (6.36) | 1.08 | 3.98 | (27.48) | (5.36) | 8.61 | 31.29 | 34.13 | 24.24 | 43.71 | 32.49 |
| Net Income | (75.98) | (52.00) | (308.70) | (80.78) | (86.07) | (22.34) | 16.71 | (17.56) | (67.59) | (16.70) | (87.22) | (25.96) | (98.31) | (30.58) | 20.02 | 66.75 | 71.37 | 88.90 | 74.52 | 69.12 |
| Basic EPS | (1.13) | (0.78) | (4.61) | (1.21) | (1.29) | (0.33) | 0.25 | (0.26) | (1.01) | (0.25) | (1.32) | (0.39) | (1.48) | (0.46) | 0.30 | 1.01 | 1.08 | 1.35 | 1.13 | 1.05 |
| Diluted EPS | (1.13) | (0.78) | (4.61) | (1.21) | (1.29) | (0.33) | 0.25 | (0.26) | (1.01) | (0.25) | (1.32) | (0.39) | (1.48) | (0.46) | 0.30 | 1.00 | 1.07 | 1.34 | 1.12 | 1.04 |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (15.12) | (85.67) | 46.16 | (30.05) | (4.53) | (2.99) | 71.16 | (13.94) | 62.19 | (29.19) | (8.72) | (25.33) | 14.70 | (49.65) | 50.65 | 86.66 | 154.54 | 68.81 | 30.63 | 40.14 |
| Capital Expenditures | 12.16 | 13.17 | 14.15 | 30.02 | 24.33 | 20.08 | 20.71 | 27.26 | 17.88 | 18.46 | 26.02 | 37.39 | 39.48 | 33.43 | 49.87 | 48.55 | 47.03 | 33.29 | 33.75 | 38.31 |
| Free Cash Flow* | (27.28) | (98.83) | 32.00 | (60.07) | (28.86) | (23.07) | 50.45 | (41.21) | 44.30 | (47.65) | (34.74) | (62.72) | (24.78) | (83.08) | 0.78 | 38.11 | 107.51 | 35.52 | (3.12) | 1.84 |
| Investing Cash Flow | (6.52) | (12.82) | (11.08) | (27.61) | (22.77) | (19.86) | (6.45) | (22.90) | (20.15) | (17.48) | (20.18) | (29.31) | (117.75) | (32.62) | 27.02 | (304.35) | (121.55) | (26.79) | (32.85) | (85.62) |
| Financing Cash Flow | 15.85 | 1.76 | 52.87 | 10.95 | (3.27) | 19.25 | (119.05) | 12.73 | (53.28) | 6.82 | (1.94) | 185.16 | 17.31 | 28.10 | (13.81) | 90.59 | (19.42) | 24.61 | 9.54 | (2.29) |
* Derived from reported values
Dividends Per Share
(USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Dividends Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.07 | 0.07 |
