$CC
Chemours Co

2021 Q1 Form 10-Q Financial Statement

#000156459021023483 Filed on May 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $1.436B $1.305B
YoY Change 10.04% -5.16%
Cost Of Revenue $1.139B $1.007B
YoY Change 13.11% -6.76%
Gross Profit $297.0M $298.0M
YoY Change -0.34% 0.68%
Gross Profit Margin 20.68% 22.84%
Selling, General & Admin $139.0M $125.0M
YoY Change 11.2% -19.87%
% of Gross Profit 46.8% 41.95%
Research & Development $24.00M $24.00M
YoY Change 0.0% 9.09%
% of Gross Profit 8.08% 8.05%
Depreciation & Amortization $83.00M $79.00M
YoY Change 5.06% 3.95%
% of Gross Profit 27.95% 26.51%
Operating Expenses $163.0M $160.0M
YoY Change 1.88% -13.98%
Operating Profit $134.0M $138.0M
YoY Change -2.9% 25.45%
Interest Expense $49.00M $54.00M
YoY Change -9.26% 5.88%
% of Operating Profit 36.57% 39.13%
Other Income/Expense, Net $1.000M -$15.00M
YoY Change -106.67% -137.5%
Pretax Income $101.0M $77.00M
YoY Change 31.17% -28.04%
Income Tax $5.000M -$23.00M
% Of Pretax Income 4.95% -29.87%
Net Earnings $96.00M $100.0M
YoY Change -4.0% 6.38%
Net Earnings / Revenue 6.69% 7.66%
Basic Earnings Per Share $0.58 $0.61
Diluted Earnings Per Share $0.57 $0.61
COMMON SHARES
Basic Shares Outstanding 165.7M 164.2M
Diluted Shares Outstanding 169.1M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.008B $714.0M
YoY Change 41.18% 2.44%
Cash & Equivalents $1.008B $714.0M
Short-Term Investments
Other Short-Term Assets $67.00M $85.00M
YoY Change -21.18% -4.49%
Inventory $988.0M $1.114B
Prepaid Expenses $67.00M $82.00M
Receivables $656.0M $623.0M
Other Receivables $9.000M $55.00M
Total Short-Term Assets $2.786B $2.591B
YoY Change 7.53% -8.99%
LONG-TERM ASSETS
Property, Plant & Equipment $3.432B $3.444B
YoY Change -0.35% 1.92%
Goodwill $152.0M
YoY Change
Intangibles
YoY Change
Long-Term Investments $169.0M $167.0M
YoY Change 1.2% 0.6%
Other Assets $392.0M $293.0M
YoY Change 33.79% -31.86%
Total Long-Term Assets $4.384B $4.357B
YoY Change 0.62% -2.7%
TOTAL ASSETS
Total Short-Term Assets $2.786B $2.591B
Total Long-Term Assets $4.384B $4.357B
Total Assets $7.170B $6.948B
YoY Change 3.2% -5.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $976.0M $841.0M
YoY Change 16.05% -19.29%
Accrued Expenses $502.0M $480.0M
YoY Change 4.58% -7.16%
Deferred Revenue $5.000M $10.00M
YoY Change -50.0%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.00M $22.00M
YoY Change 4.55% 69.23%
Total Short-Term Liabilities $1.501B $1.343B
YoY Change 11.76% -14.57%
LONG-TERM LIABILITIES
Long-Term Debt $3.970B $4.012B
YoY Change -1.05% 1.19%
Other Long-Term Liabilities $610.0M $611.0M
YoY Change -0.16% 23.43%
Total Long-Term Liabilities $4.580B $4.623B
YoY Change -0.93% 3.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.501B $1.343B
Total Long-Term Liabilities $4.580B $4.623B
Total Liabilities $6.318B $6.287B
YoY Change 0.49% -3.41%
SHAREHOLDERS EQUITY
Retained Earnings $1.357B $1.308B
YoY Change 3.75% -13.78%
Common Stock $2.000M $2.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares $25.32M $25.32M
Shareholders Equity $850.0M $655.0M
YoY Change
Total Liabilities & Shareholders Equity $7.170B $6.948B
YoY Change 3.2% -5.15%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $96.00M $100.0M
YoY Change -4.0% 6.38%
Depreciation, Depletion And Amortization $83.00M $79.00M
YoY Change 5.06% 3.95%
Cash From Operating Activities $39.00M $44.00M
YoY Change -11.36% -200.0%
INVESTING ACTIVITIES
Capital Expenditures $60.00M $106.0M
YoY Change -43.4% -20.3%
Acquisitions
YoY Change
Other Investing Activities -$17.00M -$6.000M
YoY Change 183.33% 500.0%
Cash From Investing Activities -$77.00M -$112.0M
YoY Change -31.25% -16.42%
FINANCING ACTIVITIES
Cash Dividend Paid $41.00M
YoY Change -2.38%
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -42.00M -155.0M
YoY Change -72.9% -52.16%
NET CHANGE
Cash From Operating Activities 39.00M 44.00M
Cash From Investing Activities -77.00M -112.0M
Cash From Financing Activities -42.00M -155.0M
Net Change In Cash -97.00M -229.0M
YoY Change -57.64% -54.56%
FREE CASH FLOW
Cash From Operating Activities $39.00M $44.00M
Capital Expenditures $60.00M $106.0M
Free Cash Flow -$21.00M -$62.00M
YoY Change -66.13% -64.97%

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