$IOSP
INNOSPEC INC.

2014 Q2 Form 10-Q Financial Statement

#000119312514297612 Filed on August 06, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $221.3M $185.0M
YoY Change 19.62% 3.64%
Cost Of Revenue $152.7M $125.6M
YoY Change 21.58% 3.12%
Gross Profit $68.60M $59.40M
YoY Change 15.49% 4.76%
Gross Profit Margin 31.0% 32.11%
Selling, General & Admin $37.70M $31.50M
YoY Change 19.68% 15.38%
% of Gross Profit 54.96% 53.03%
Research & Development $5.600M $5.300M
YoY Change 5.66% 6.0%
% of Gross Profit 8.16% 8.92%
Depreciation & Amortization $2.600M $2.100M
YoY Change 23.81% 23.53%
% of Gross Profit 3.79% 3.54%
Operating Expenses $43.30M $37.10M
YoY Change 16.71% 13.8%
Operating Profit $25.30M $22.30M
YoY Change 13.45% -7.47%
Interest Expense $900.0K $500.0K
YoY Change 80.0% 0.0%
% of Operating Profit 3.56% 2.24%
Other Income/Expense, Net -$700.0K -$1.000M
YoY Change -30.0% -76.74%
Pretax Income $23.80M $20.90M
YoY Change 13.88% 7.18%
Income Tax $5.300M $3.800M
% Of Pretax Income 22.27% 18.18%
Net Earnings $18.50M $17.10M
YoY Change 8.19% 10.32%
Net Earnings / Revenue 8.36% 9.24%
Basic Earnings Per Share $0.76 $0.73
Diluted Earnings Per Share $0.75 $0.71
COMMON SHARES
Basic Shares Outstanding 24.40M shares 23.53M shares
Diluted Shares Outstanding 24.67M shares 24.06M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $97.40M $59.00M
YoY Change 65.08% -46.61%
Cash & Equivalents $91.40M $54.70M
Short-Term Investments $6.000M $4.300M
Other Short-Term Assets $17.70M $18.90M
YoY Change -6.35% 425.0%
Inventory $172.8M $149.5M
Prepaid Expenses $3.900M $3.100M
Receivables $118.0M $86.70M
Other Receivables $0.00 $0.00
Total Short-Term Assets $405.9M $314.1M
YoY Change 29.23% -10.1%
LONG-TERM ASSETS
Property, Plant & Equipment $61.30M $49.60M
YoY Change 23.59% 8.53%
Goodwill $188.1M $148.7M
YoY Change 26.5% 5.61%
Intangibles $121.1M $68.10M
YoY Change 77.83% 256.54%
Long-Term Investments
YoY Change
Other Assets $1.500M $700.0K
YoY Change 114.29% -98.54%
Total Long-Term Assets $380.9M $279.8M
YoY Change 36.13% 10.33%
TOTAL ASSETS
Total Short-Term Assets $405.9M $314.1M
Total Long-Term Assets $380.9M $279.8M
Total Assets $786.8M $593.9M
YoY Change 32.48% -1.51%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $52.00M $47.00M
YoY Change 10.64% 9.05%
Accrued Expenses $62.90M $70.70M
YoY Change -11.03% -2.88%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $5.300M $5.000M
YoY Change 6.0% 0.0%
Total Short-Term Liabilities $125.5M $128.9M
YoY Change -2.64% -2.13%
LONG-TERM LIABILITIES
Long-Term Debt $134.2M $28.00M
YoY Change 379.29% -20.0%
Other Long-Term Liabilities $200.0K $200.0K
YoY Change 0.0% -99.57%
Total Long-Term Liabilities $134.4M $28.20M
YoY Change 376.6% -65.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $125.5M $128.9M
Total Long-Term Liabilities $134.4M $28.20M
Total Liabilities $345.5M $157.1M
YoY Change 119.92% -27.7%
SHAREHOLDERS EQUITY
Retained Earnings $356.3M $316.1M
YoY Change 12.72%
Common Stock $310.4M $292.7M
YoY Change 6.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $72.90M $84.10M
YoY Change -13.32%
Treasury Stock Shares 5.141M shares 6.006M shares
Shareholders Equity $441.3M $351.5M
YoY Change
Total Liabilities & Shareholders Equity $786.8M $593.9M
YoY Change 32.48% -1.51%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $18.50M $17.10M
YoY Change 8.19% 10.32%
Depreciation, Depletion And Amortization $2.600M $2.100M
YoY Change 23.81% 23.53%
Cash From Operating Activities $12.90M $19.70M
YoY Change -34.52% 60.16%
INVESTING ACTIVITIES
Capital Expenditures -$5.100M -$4.400M
YoY Change 15.91% 69.23%
Acquisitions
YoY Change
Other Investing Activities $300.0K $1.300M
YoY Change -76.92%
Cash From Investing Activities -$4.800M -$3.100M
YoY Change 54.84% 19.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -6.900M -5.000M
YoY Change 38.0% -198.04%
NET CHANGE
Cash From Operating Activities 12.90M 19.70M
Cash From Investing Activities -4.800M -3.100M
Cash From Financing Activities -6.900M -5.000M
Net Change In Cash 1.200M 11.60M
YoY Change -89.66% -21.62%
FREE CASH FLOW
Cash From Operating Activities $12.90M $19.70M
Capital Expenditures -$5.100M -$4.400M
Free Cash Flow $18.00M $24.10M
YoY Change -25.31% 61.74%

Facts In Submission

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dei Trading Symbol
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IOSP
dei Entity Registrant Name
EntityRegistrantName
INNOSPEC INC.
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Entity Central Index Key
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0001054905
dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
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us-gaap Income Tax Examination Description
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The Company and its U.S. subsidiaries remain open to examination by the IRS for years 2010 onwards. The Company's subsidiaries in foreign tax jurisdictions are open to examination including France (2012 onwards), Germany (2010 onwards), Switzerland (2012 onwards) and the United Kingdom (2012 onwards)
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