$AVNT
AVIENT CORP Stock $avnt

$avnt Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000112297616000041 Filed on July 27, 2016

Income Statement

Concept	2016 Q2	2015 Q2
Revenue	$758.2M	$887.1M
YoY Change	-14.53%	-11.78%
Cost Of Revenue	$576.3M	$701.4M
YoY Change	-17.84%	-14.57%
Gross Profit	$181.9M	$185.7M
YoY Change	-2.05%	0.65%
Gross Profit Margin	23.99%	20.93%
Selling, General & Admin	$100.1M	$105.4M
YoY Change	-5.03%	-21.98%
% of Gross Profit	55.03%	56.76%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$24.90M	$25.00M
YoY Change	-0.4%	-36.55%
% of Gross Profit	13.69%	13.46%
Operating Expenses	$100.1M	$105.4M
YoY Change	-5.03%	-21.98%
Operating Profit	$81.80M	$80.30M
YoY Change	1.87%	62.55%
Interest Expense	-$14.60M	$16.20M
YoY Change	-190.12%	3.18%
% of Operating Profit	-17.85%	20.17%
Other Income/Expense, Net	$100.0K	-$700.0K
YoY Change	-114.29%	75.0%
Pretax Income	$66.90M	$63.40M
YoY Change	5.52%	90.39%
Income Tax	$16.80M	-$3.600M
% Of Pretax Income	25.11%	-5.68%
Net Earnings	$50.00M	$66.80M
YoY Change	-25.15%	110.73%
Net Earnings / Revenue	6.59%	7.53%
Basic Earnings Per Share	$0.59	$0.75
Diluted Earnings Per Share	$0.59	$0.74
COMMON SHARES
Basic Shares Outstanding	84.10M shares	88.90M shares
Diluted Shares Outstanding	84.70M shares	89.80M shares

Balance Sheet

Concept	2016 Q2	2015 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$161.4M	$236.8M
YoY Change	-31.84%	-9.45%
Cash & Equivalents	$161.4M	$236.8M
Short-Term Investments
Other Short-Term Assets	$46.40M	$83.50M
YoY Change	-44.43%	-16.92%
Inventory	$312.1M	$300.9M
Prepaid Expenses
Receivables	$431.3M	$431.7M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$951.2M	$1.053B
YoY Change	-9.66%	-10.7%
LONG-TERM ASSETS
Property, Plant & Equipment	$581.7M	$581.8M
YoY Change	-0.02%	-4.98%
Goodwill	$636.0M	$591.8M
YoY Change	7.47%	4.03%
Intangibles	$347.6M	$350.9M
YoY Change	-0.94%	-1.02%
Long-Term Investments
YoY Change
Other Assets	$103.3M	$115.3M
YoY Change	-10.41%	-12.65%
Total Long-Term Assets	$1.669B	$1.640B
YoY Change	1.76%	-1.67%
TOTAL ASSETS
Total Short-Term Assets	$951.2M	$1.053B
Total Long-Term Assets	$1.669B	$1.640B
Total Assets	$2.620B	$2.693B
YoY Change	-2.71%	-5.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$373.1M	$396.9M
YoY Change	-6.0%	-6.06%
Accrued Expenses	$140.2M	$136.5M
YoY Change	2.71%	-20.08%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$18.40M	$61.80M
YoY Change	-70.23%	386.61%
Total Short-Term Liabilities	$531.7M	$595.2M
YoY Change	-10.67%	-1.78%
LONG-TERM LIABILITIES
Long-Term Debt	$1.126B	$996.4M
YoY Change	13.03%	2.94%
Other Long-Term Liabilities	$150.6M	$155.6M
YoY Change	-3.21%	-14.69%
Total Long-Term Liabilities	$1.356B	$1.298B
YoY Change	4.52%	-2.27%
TOTAL LIABILITIES
Total Short-Term Liabilities	$531.7M	$595.2M
Total Long-Term Liabilities	$1.356B	$1.298B
Total Liabilities	$1.888B	$1.893B
YoY Change	-0.25%	-2.12%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$730.9M	$798.8M
YoY Change
Total Liabilities & Shareholders Equity	$2.620B	$2.693B
YoY Change	-2.71%	-5.41%

Cashflow Statement

Concept	2016 Q2	2015 Q2
OPERATING ACTIVITIES
Net Income	$50.00M	$66.80M
YoY Change	-25.15%	110.73%
Depreciation, Depletion And Amortization	$24.90M	$25.00M
YoY Change	-0.4%	-36.55%
Cash From Operating Activities	$83.80M	$117.7M
YoY Change	-28.8%	-0.84%
INVESTING ACTIVITIES
Capital Expenditures	-$20.00M	-$24.00M
YoY Change	-16.67%	17.07%
Acquisitions
YoY Change
Other Investing Activities	$9.000M	$800.0K
YoY Change	1025.0%	60.0%
Cash From Investing Activities	-$11.00M	-$23.20M
YoY Change	-52.59%	16.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-64.80M	-84.60M
YoY Change	-23.4%	12.05%
NET CHANGE
Cash From Operating Activities	83.80M	117.7M
Cash From Investing Activities	-11.00M	-23.20M
Cash From Financing Activities	-64.80M	-84.60M
Net Change In Cash	8.000M	9.900M
YoY Change	-19.19%	-57.33%
FREE CASH FLOW
Cash From Operating Activities	$83.80M	$117.7M
Capital Expenditures	-$20.00M	-$24.00M
Free Cash Flow	$103.8M	$141.7M
YoY Change	-26.75%	1.8%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	pol	Proceeds From Stock Options Exercised Including Excess Tax Benefit ProceedsFromStockOptionsExercisedIncludingExcessTaxBenefit	800000	USD
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CY2015Q4	pol	Long Term Debt Current Maturities Principal Amount LongTermDebtCurrentMaturitiesPrincipalAmount	18600000	USD
CY2016Q2	pol	Long Term Debt Current Maturities Principal Amount LongTermDebtCurrentMaturitiesPrincipalAmount	18400000	USD
CY2015Q4	pol	Long Term Debt Excluding Current Maturities Principal Amount LongTermDebtExcludingCurrentMaturitiesPrincipalAmount	1144900000	USD
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Period End Date DocumentPeriodEndDate	2016-06-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Central Index Key EntityCentralIndexKey	0001122976
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	84069701	shares
	dei	Entity Filer Category EntityFilerCategory	Large Accelerated Filer
	dei	Entity Registrant Name EntityRegistrantName	POLYONE CORP
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CY2016Q2	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	1142600000	USD
CY2015Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1128000000	USD
CY2016Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	1126200000	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	1000000	USD
CY2016Q2	us-gaap	Minority Interest MinorityInterest	900000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-22100000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-63100000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-37200000	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-103400000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	59900000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	49400000	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	66800000	USD
	us-gaap	Net Income Loss NetIncomeLoss	97000000	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	50000000	USD
	us-gaap	Net Income Loss NetIncomeLoss	89100000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	100000	USD
CY2015Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	200000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	42800000	USD
	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	39600000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	17900000	USD
	us-gaap	Payments Of Dividends PaymentsOfDividends	20700000	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	0	USD
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	600000	USD
	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	0	USD
	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	72800000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1469900000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	1503000000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	583500000	USD
CY2015Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-700000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1400000	USD
CY2016Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	100000	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	400000	USD
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	5	segment
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	80300000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	150400000	USD
CY2016Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	81500000	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	152800000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	47000000	USD
CY2016Q2	us-gaap	Other Assets Current OtherAssetsCurrent	46400000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	108500000	USD
CY2016Q2	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	103300000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	3300000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-14600000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-4100000	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-4300000	USD
CY2015Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	400000	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	400000	USD
CY2016Q2	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	0	USD
	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax	0	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	152500000	USD
CY2016Q2	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	150600000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	39100000	USD
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	39600000	USD
CY2015Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	77500000	USD
CY2016Q2	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	52000000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	515600000	USD
	us-gaap	Proceeds From Lines Of Credit ProceedsFromLinesOfCredit	471200000	USD
CY2015Q2	us-gaap	Profit Loss ProfitLoss	67000000	USD
	us-gaap	Profit Loss ProfitLoss	97200000	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	50000000	USD
	us-gaap	Profit Loss ProfitLoss	89000000	USD
CY2016Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	581700000	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	0	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	481200000	USD
	us-gaap	Repayments Of Lines Of Credit RepaymentsOfLinesOfCredit	471400000	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	0	USD
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	2800000	USD
CY2015Q2	us-gaap	Restructuring Charges RestructuringCharges	7500000	USD
	us-gaap	Restructuring Charges RestructuringCharges	18100000	USD
CY2016Q2	us-gaap	Restructuring Charges RestructuringCharges	4800000	USD
	us-gaap	Restructuring Charges RestructuringCharges	11900000	USD
	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	6500000	USD
	us-gaap	Restructuring Costs And Asset Impairment Charges RestructuringCostsAndAssetImpairmentCharges	4100000	USD
	us-gaap	Restructuring Reserve Accelerated Depreciation RestructuringReserveAcceleratedDepreciation	300000	USD
	us-gaap	Restructuring Reserve Accelerated Depreciation RestructuringReserveAcceleratedDepreciation	3200000	USD
CY2015Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	887100000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1760200000	USD
CY2016Q2	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	861500000	USD
	us-gaap	Sales Revenue Goods Net SalesRevenueGoodsNet	1708500000	USD
CY2015Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	105400000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	205100000	USD
CY2016Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	110800000	USD
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	225000000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4200000	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	4300000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	300000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1200000	USD
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	704200000	USD
CY2016Q2	us-gaap	Stockholders Equity StockholdersEquity	730900000	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	777200000	USD
CY2015Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	799900000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	705200000	USD
CY2016Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	731800000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	42800000	USD
	us-gaap	Treasury Stock Value Acquired Cost Method TreasuryStockValueAcquiredCostMethod	39600000	USD
CY2015Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	89800000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	89900000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	84700000	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	84900000	shares
CY2015Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	88900000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	89100000	shares
CY2016Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84100000	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	84400000	shares

Files In Submission

Name	View Source	Status
0001122976-16-000041-index-headers.html	Edgar Link	pending
0001122976-16-000041-index.html	Edgar Link	pending
0001122976-16-000041.txt	Edgar Link	pending
0001122976-16-000041-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
pol-20160630.xml	Edgar Link	completed
pol-20160630.xsd	Edgar Link	pending
pol-20160630_cal.xml	Edgar Link	unprocessable
pol-20160630_def.xml	Edgar Link	unprocessable
pol-20160630_lab.xml	Edgar Link	unprocessable
pol-20160630_pre.xml	Edgar Link	unprocessable
pol-2016630x10q.htm	Edgar Link	pending
pol-ex101_20160630.htm	Edgar Link	pending
pol-ex102_20160630.htm	Edgar Link	pending
pol-ex311_20160630.htm	Edgar Link	pending
pol-ex312_20160630.htm	Edgar Link	pending
pol-ex321_20160630.htm	Edgar Link	pending
pol-ex322_20160630.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$AVNT
AVIENT CORP Stock $avnt

2016 Q2 Form 10-Q Financial Statement

#000112297616000041 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AVNT AVIENT CORP Stock $avnt

2016 Q2 Form 10-Q Financial Statement

#000112297616000041 Filed on July 27, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AVNT
AVIENT CORP Stock $avnt