$AVNT
AVIENT CORP

2012 Q2 Form 10-Q Financial Statement

#000144530512002370 Filed on August 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $756.6M $768.8M
YoY Change -1.59% 10.95%
Cost Of Revenue $612.6M $639.6M
YoY Change -4.22% 12.98%
Gross Profit $144.0M $120.2M
YoY Change 19.8% -5.21%
Gross Profit Margin 19.03% 15.63%
Selling, General & Admin $100.7M $78.70M
YoY Change 27.95% 8.1%
% of Gross Profit 69.93% 65.47%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.90M $14.30M
YoY Change 25.17% 3.62%
% of Gross Profit 12.43% 11.9%
Operating Expenses $100.7M $78.70M
YoY Change 27.95% 8.1%
Operating Profit $43.30M $42.40M
YoY Change 2.12% -33.65%
Interest Expense $12.40M $8.400M
YoY Change 47.62% 8300.0%
% of Operating Profit 28.64% 19.81%
Other Income/Expense, Net -$900.0K $1.600M
YoY Change -156.25% -233.33%
Pretax Income $30.00M $43.70M
YoY Change -31.35% -20.55%
Income Tax $14.90M $15.20M
% Of Pretax Income 49.67% 34.78%
Net Earnings $24.60M $28.50M
YoY Change -13.68% -40.75%
Net Earnings / Revenue 3.25% 3.71%
Basic Earnings Per Share $0.28 $0.31
Diluted Earnings Per Share $0.27 $0.30
COMMON SHARES
Basic Shares Outstanding 89.10M shares 93.10M shares
Diluted Shares Outstanding 90.70M shares 95.50M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $209.3M $416.8M
YoY Change -49.78% 72.87%
Cash & Equivalents $209.3M $416.8M
Short-Term Investments
Other Short-Term Assets $55.40M $41.70M
YoY Change 32.85% 45.3%
Inventory $257.3M $255.5M
Prepaid Expenses
Receivables $405.7M $397.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $927.7M $1.111B
YoY Change -16.51% 29.57%
LONG-TERM ASSETS
Property, Plant & Equipment $379.3M $379.4M
YoY Change -0.03% 4.32%
Goodwill $394.2M
YoY Change
Intangibles $335.2M
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $97.60M $133.5M
YoY Change -26.89% 106.66%
Total Long-Term Assets $1.217B $753.6M
YoY Change 61.43% 11.89%
TOTAL ASSETS
Total Short-Term Assets $927.7M $1.111B
Total Long-Term Assets $1.217B $753.6M
Total Assets $2.144B $1.865B
YoY Change 14.99% 21.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $350.0M $365.2M
YoY Change -4.16% 10.73%
Accrued Expenses $134.7M $161.2M
YoY Change -16.44% 44.32%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $3.000M $22.90M
YoY Change -86.9% -61.71%
Total Short-Term Liabilities $487.7M $549.3M
YoY Change -11.21% 9.49%
LONG-TERM LIABILITIES
Long-Term Debt $702.8M $410.0M
YoY Change 71.41% 24.39%
Other Long-Term Liabilities $134.2M $275.8M
YoY Change -51.34% -5.61%
Total Long-Term Liabilities $1.050B $685.8M
YoY Change 53.08% 10.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $487.7M $549.3M
Total Long-Term Liabilities $1.050B $685.8M
Total Liabilities $1.538B $1.235B
YoY Change 24.48% 9.93%
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 $604.3M $629.6M
YoY Change
Total Liabilities & Shareholders Equity $2.144B $1.865B
YoY Change 14.99% 21.8%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $24.60M $28.50M
YoY Change -13.68% -40.75%
Depreciation, Depletion And Amortization $17.90M $14.30M
YoY Change 25.17% 3.62%
Cash From Operating Activities $52.40M $30.50M
YoY Change 71.8% -20.57%
INVESTING ACTIVITIES
Capital Expenditures -$8.800M -$12.80M
YoY Change -31.25% 93.94%
Acquisitions
YoY Change
Other Investing Activities $0.00 $1.200M
YoY Change -100.0%
Cash From Investing Activities -$8.800M -$11.60M
YoY Change -24.14% 75.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -18.90M -15.40M
YoY Change 22.73% -2300.0%
NET CHANGE
Cash From Operating Activities 52.40M 30.50M
Cash From Investing Activities -8.800M -11.60M
Cash From Financing Activities -18.90M -15.40M
Net Change In Cash 24.70M 3.500M
YoY Change 605.71% -89.23%
FREE CASH FLOW
Cash From Operating Activities $52.40M $30.50M
Capital Expenditures -$8.800M -$12.80M
Free Cash Flow $61.20M $43.30M
YoY Change 41.34% -3.78%

Facts In Submission

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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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Q2
dei Document Fiscal Year Focus
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dei Document Period End Date
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dei Document Type
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dei Entity Central Index Key
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CY2012Q3 dei Entity Common Stock Shares Outstanding
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dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
POLYONE CORP

Files In Submission

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