$ASIX
AdvanSix Inc.

2023 Q3 Form 10-Q Financial Statement

#000167398523000124 Filed on August 04, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $322.9M $427.9M
YoY Change -32.55% -26.69%
Cost Of Revenue $314.8M $360.0M
YoY Change -29.05% -24.5%
Gross Profit $8.122M $67.92M
YoY Change -76.88% -36.46%
Gross Profit Margin 2.52% 15.87%
Selling, General & Admin $21.59M $24.01M
YoY Change -6.43% 15.21%
% of Gross Profit 265.76% 35.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.30M $18.11M
YoY Change 3.72% 3.3%
% of Gross Profit 225.31% 26.67%
Operating Expenses $21.59M $24.01M
YoY Change -6.43% 15.21%
Operating Profit -$13.46M $43.91M
YoY Change -211.69% -48.98%
Interest Expense -$2.100M -$1.954M
YoY Change 206.12% 154.1%
% of Operating Profit -4.45%
Other Income/Expense, Net $5.485M $1.325M
YoY Change 293.47% -870.35%
Pretax Income -$10.05M $43.28M
YoY Change -178.77% -49.15%
Income Tax -$2.100M $10.60M
% Of Pretax Income 24.49%
Net Earnings -$7.977M $32.73M
YoY Change -179.52% -49.77%
Net Earnings / Revenue -2.47% 7.65%
Basic Earnings Per Share -$0.29 $1.19
Diluted Earnings Per Share -$0.29 $1.16
COMMON SHARES
Basic Shares Outstanding 27.21M shares 27.56M shares
Diluted Shares Outstanding 27.21M shares 28.11M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $22.10M $10.54M
YoY Change -10.5% -39.09%
Cash & Equivalents $22.11M $10.54M
Short-Term Investments
Other Short-Term Assets $16.25M $20.04M
YoY Change 12.86% 19.32%
Inventory $229.2M $226.0M
Prepaid Expenses
Receivables $133.7M $148.0M
Other Receivables $12.50M $6.548M
Total Short-Term Assets $413.7M $411.2M
YoY Change 3.86% -5.68%
LONG-TERM ASSETS
Property, Plant & Equipment $932.7M $926.7M
YoY Change 0.49% 1.15%
Goodwill $56.19M $56.19M
YoY Change 0.0% -3.44%
Intangibles $46.96M $47.72M
YoY Change -6.1% -6.01%
Long-Term Investments
YoY Change
Other Assets $26.91M $25.24M
YoY Change 17.86% 13.37%
Total Long-Term Assets $1.063B $1.056B
YoY Change 0.52% 0.81%
TOTAL ASSETS
Total Short-Term Assets $413.7M $411.2M
Total Long-Term Assets $1.063B $1.056B
Total Assets $1.476B $1.467B
YoY Change 1.44% -1.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $230.5M $220.2M
YoY Change -13.03% -19.14%
Accrued Expenses $41.30M $43.31M
YoY Change -6.28% -0.32%
Deferred Revenue $2.415M $2.333M
YoY Change -5.7% 45.18%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $308.0M $300.1M
YoY Change -12.18% -15.77%
LONG-TERM LIABILITIES
Long-Term Debt $170.0M $140.0M
YoY Change 25.93% -4.44%
Other Long-Term Liabilities $82.60M $88.25M
YoY Change -19.95% -21.86%
Total Long-Term Liabilities $252.6M $228.3M
YoY Change 6.05% -12.02%
TOTAL LIABILITIES
Total Short-Term Liabilities $308.0M $300.1M
Total Long-Term Liabilities $252.6M $228.3M
Total Liabilities $722.0M $692.7M
YoY Change -2.6% -9.34%
SHAREHOLDERS EQUITY
Retained Earnings $614.6M $626.9M
YoY Change 14.22% 17.78%
Common Stock $144.3M $152.0M
YoY Change -20.7% -21.11%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $754.5M $774.4M
YoY Change
Total Liabilities & Shareholders Equity $1.476B $1.467B
YoY Change 1.44% -1.1%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income -$7.977M $32.73M
YoY Change -179.52% -49.77%
Depreciation, Depletion And Amortization $18.30M $18.11M
YoY Change 3.72% 3.3%
Cash From Operating Activities $20.80M $35.00M
YoY Change -64.71% -63.5%
INVESTING ACTIVITIES
Capital Expenditures $25.10M $19.29M
YoY Change -212.91% -208.62%
Acquisitions
YoY Change
Other Investing Activities -$400.0K -$1.031M
YoY Change 9.29% -595.67%
Cash From Investing Activities -$25.50M -$20.32M
YoY Change 12.85% 15.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 16.30M -5.972M
YoY Change -156.32% -92.57%
NET CHANGE
Cash From Operating Activities 20.80M 35.00M
Cash From Investing Activities -25.50M -20.32M
Cash From Financing Activities 16.30M -5.972M
Net Change In Cash 11.60M 8.710M
YoY Change 56.82% -533.55%
FREE CASH FLOW
Cash From Operating Activities $20.80M $35.00M
Capital Expenditures $25.10M $19.29M
Free Cash Flow -$4.300M $15.71M
YoY Change -105.3% -86.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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asix Numberof Customers
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us-gaap Operating Lease Cost
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us-gaap Operating Lease Cost
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CY2023Q2 us-gaap Short Term Lease Cost
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1511000 usd
CY2022Q2 us-gaap Short Term Lease Cost
ShortTermLeaseCost
1244000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2537000 usd
us-gaap Short Term Lease Cost
ShortTermLeaseCost
2598000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
13342000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
11762000 usd
us-gaap Lease Cost
LeaseCost
25857000 usd
us-gaap Lease Cost
LeaseCost
23704000 usd
CY2023Q2 asix Operating Lease Lease Not Yet Commenced
OperatingLeaseLeaseNotYetCommenced
1000000 usd
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56371000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
8654000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
47717000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
56371000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
7129000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
49242000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
CY2022Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1500000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1200000 usd
asix Numberof Manufacturing Locations
NumberofManufacturingLocations
3 location
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10600000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
20000000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.244
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.235
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
19800000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0.006
us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
0.009
CY2022Q1 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
0 usd
CY2023Q2 asix Supplier Finance Program Obligations Current
SupplierFinanceProgramObligationsCurrent
14000000 usd
CY2022Q4 asix Supplier Finance Program Obligations Current
SupplierFinanceProgramObligationsCurrent
17000000 usd

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asix-20230630_cal.xml Edgar Link unprocessable
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0001673985-23-000124-index.html Edgar Link pending
0001673985-23-000124.txt Edgar Link pending
0001673985-23-000124-xbrl.zip Edgar Link pending
a10qq22023exhibit311ceo.htm Edgar Link pending
a10qq22023exhibit312cfo.htm Edgar Link pending
a10qq22023exhibit321ceosox.htm Edgar Link pending
a10qq22023exhibit322cfosox.htm Edgar Link pending
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asix-20230630.xsd Edgar Link pending
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asix-20230630_lab.xml Edgar Link unprocessable
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