$IOSP
INNOSPEC INC.

2023 Q4 Form 10-Q Financial Statement

#000095017023060765 Filed on November 08, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $494.7M $464.1M
YoY Change -3.13% -9.53%
Cost Of Revenue $339.0M $326.9M
YoY Change -5.6% -8.43%
Gross Profit $155.7M $137.2M
YoY Change 2.7% -12.05%
Gross Profit Margin 31.47% 29.56%
Selling, General & Admin $102.3M $83.70M
YoY Change 5.9% -12.63%
% of Gross Profit 65.7% 61.01%
Research & Development $8.900M $11.60M
YoY Change 5.95% 14.85%
% of Gross Profit 5.72% 8.45%
Depreciation & Amortization $10.20M $9.900M
YoY Change 10.87% -1.98%
% of Gross Profit 6.55% 7.22%
Operating Expenses $111.2M $95.30M
YoY Change 5.9% -10.01%
Operating Profit $44.50M $41.90M
YoY Change -4.51% -16.37%
Interest Expense -$900.0K $800.0K
YoY Change -64.0% -366.67%
% of Operating Profit -2.02% 1.91%
Other Income/Expense, Net $1.700M $4.800M
YoY Change 54.55% -633.33%
Pretax Income $45.30M $47.50M
YoY Change 0.22% -2.86%
Income Tax $7.500M $8.300M
% Of Pretax Income 16.56% 17.47%
Net Earnings $37.80M $39.20M
YoY Change 48.24% 1.29%
Net Earnings / Revenue 7.64% 8.45%
Basic Earnings Per Share $1.58
Diluted Earnings Per Share $1.51 $1.57
COMMON SHARES
Basic Shares Outstanding 24.87M 24.87M
Diluted Shares Outstanding 25.01M

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $203.7M $207.2M
YoY Change 38.48% 106.17%
Cash & Equivalents $203.7M $207.2M
Short-Term Investments
Other Short-Term Assets $600.0K $1.400M
YoY Change 50.0% 250.0%
Inventory $300.1M $331.5M
Prepaid Expenses
Receivables $359.8M $305.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $885.7M $863.7M
YoY Change 1.5% 2.04%
LONG-TERM ASSETS
Property, Plant & Equipment $268.3M $244.6M
YoY Change 21.46% 18.39%
Goodwill $399.3M $357.9M
YoY Change 11.29% 1.76%
Intangibles $57.30M $47.80M
YoY Change 27.33% 9.63%
Long-Term Investments
YoY Change
Other Assets $6.200M $6.500M
YoY Change -12.68% -1.52%
Total Long-Term Assets $821.7M $754.9M
YoY Change 12.39% -8.25%
TOTAL ASSETS
Total Short-Term Assets $885.7M $863.7M
Total Long-Term Assets $821.7M $754.9M
Total Assets $1.707B $1.619B
YoY Change 6.47% -3.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $163.6M $146.1M
YoY Change -1.03% -15.84%
Accrued Expenses $185.9M $165.1M
YoY Change -8.38% -5.06%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $371.5M $344.2M
YoY Change -8.45% -9.75%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $2.300M $1.500M
YoY Change 64.29% 7.14%
Total Long-Term Liabilities $2.300M $1.500M
YoY Change 64.29% 7.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $371.5M $344.2M
Total Long-Term Liabilities $2.300M $1.500M
Total Liabilities $557.8M $490.5M
YoY Change -0.98% -15.04%
SHAREHOLDERS EQUITY
Retained Earnings $1.028B $1.008B
YoY Change 11.25% 10.22%
Common Stock $361.3M $359.2M
YoY Change 1.95% 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $94.30M $94.20M
YoY Change -1.15% -0.42%
Treasury Stock Shares
Shareholders Equity $1.147B $1.125B
YoY Change
Total Liabilities & Shareholders Equity $1.707B $1.619B
YoY Change 6.47% -3.03%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $37.80M $39.20M
YoY Change 48.24% 1.29%
Depreciation, Depletion And Amortization $10.20M $9.900M
YoY Change 10.87% -1.98%
Cash From Operating Activities $72.40M $58.10M
YoY Change -7.65% 45.98%
INVESTING ACTIVITIES
Capital Expenditures $21.20M $16.70M
YoY Change 38.56% -273.96%
Acquisitions
YoY Change
Other Investing Activities -$34.60M $0.00
YoY Change -17400.0%
Cash From Investing Activities -$55.80M -$16.70M
YoY Change 269.54% 73.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.40M 200.0K
YoY Change 20.0% -150.0%
NET CHANGE
Cash From Operating Activities 72.40M 58.10M
Cash From Investing Activities -55.80M -16.70M
Cash From Financing Activities -20.40M 200.0K
Net Change In Cash -3.800M 41.60M
YoY Change -108.21% 39.6%
FREE CASH FLOW
Cash From Operating Activities $72.40M $58.10M
Capital Expenditures $21.20M $16.70M
Free Cash Flow $51.20M $41.40M
YoY Change -18.86% -16.19%

Facts In Submission

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dei Entity Registrant Name
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INNOSPEC INC.
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
94.3
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
208803
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
66.3
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
50911
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
77.1
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
656648
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
75.1
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
23500000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y10M24D
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1800000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
900000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-2700000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-37100000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-700000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-36400000
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false

Files In Submission

Name View Source Status
FilingSummary.xml Edgar Link unprocessable
iosp-20230930_def.xml Edgar Link unprocessable
iosp-20230930_cal.xml Edgar Link unprocessable
iosp-20230930_lab.xml Edgar Link unprocessable
iosp-20230930_pre.xml Edgar Link unprocessable
0000950170-23-060765-index-headers.html Edgar Link pending
0000950170-23-060765-index.html Edgar Link pending
0000950170-23-060765.txt Edgar Link pending
0000950170-23-060765-xbrl.zip Edgar Link pending
Financial_Report.xlsx Edgar Link pending
iosp-20230930.htm Edgar Link pending
iosp-20230930.xsd Edgar Link pending
iosp-ex31_1.htm Edgar Link pending
iosp-ex31_2.htm Edgar Link pending
iosp-ex32_1.htm Edgar Link pending
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iosp-20230930_htm.xml Edgar Link completed
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