$IOSP
INNOSPEC INC.

2014 Q4 Form 10-Q Financial Statement

#000119312514397840 Filed on November 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q4
Revenue $290.7M $228.2M $241.6M
YoY Change 20.32% 18.36% 13.06%
Cost Of Revenue $196.6M $154.6M $167.0M
YoY Change 17.72% 14.18% 12.31%
Gross Profit $94.10M $73.60M $74.60M
YoY Change 26.14% 28.22% 14.77%
Gross Profit Margin 32.37% 32.25% 30.88%
Selling, General & Admin $47.10M $42.40M $43.10M
YoY Change 9.28% 33.33% 21.07%
% of Gross Profit 50.05% 57.61% 57.77%
Research & Development $4.900M $6.000M $4.600M
YoY Change 6.52% 5.26% -11.54%
% of Gross Profit 5.21% 8.15% 6.17%
Depreciation & Amortization $8.000M $2.500M $7.000M
YoY Change 14.29% 19.05% 118.75%
% of Gross Profit 8.5% 3.4% 9.38%
Operating Expenses $50.10M $48.40M $47.70M
YoY Change 5.03% 27.7% 16.91%
Operating Profit $44.00M $25.20M $26.90M
YoY Change 63.57% 29.23% 11.16%
Interest Expense -$900.0K $900.0K -$800.0K
YoY Change 12.5% 80.0% 100.0%
% of Operating Profit -2.05% 3.57% -2.97%
Other Income/Expense, Net -$400.0K $1.000M $4.900M
YoY Change -108.16% -225.0% 276.92%
Pretax Income $42.70M $25.40M $30.70M
YoY Change 39.09% 38.8% 23.79%
Income Tax $14.80M $4.600M $2.000M
% Of Pretax Income 34.66% 18.11% 6.51%
Net Earnings $27.90M $20.80M $28.70M
YoY Change -2.79% 48.57% 153.98%
Net Earnings / Revenue 9.6% 9.11% 11.88%
Basic Earnings Per Share $0.85
Diluted Earnings Per Share $1.116M $0.83 $1.176M
COMMON SHARES
Basic Shares Outstanding 24.43M shares 24.42M shares 23.76M shares
Diluted Shares Outstanding 24.92M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $46.30M $95.30M $86.80M
YoY Change -46.66% 58.04% 215.64%
Cash & Equivalents $41.60M $90.40M $80.20M
Short-Term Investments $4.700M $4.900M $6.600M
Other Short-Term Assets $0.00 $13.10M $25.90M
YoY Change -100.0% -42.04% 71.52%
Inventory $184.9M $171.9M $158.9M
Prepaid Expenses $8.300M $3.800M $5.800M
Receivables $164.3M $117.3M $135.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $414.2M $397.6M $407.4M
YoY Change 1.67% 9.47% 37.36%
LONG-TERM ASSETS
Property, Plant & Equipment $80.80M $60.70M $60.40M
YoY Change 33.77% 19.72% 21.29%
Goodwill $276.1M $187.9M $187.9M
YoY Change 46.94% 13.67% 26.11%
Intangibles $181.1M $120.2M $126.8M
YoY Change 42.82% 14.69% 84.84%
Long-Term Investments
YoY Change
Other Assets $700.0K $800.0K $1.800M
YoY Change -61.11% -20.0% 28.57%
Total Long-Term Assets $585.7M $377.0M $387.3M
YoY Change 51.23% 12.64% 36.95%
TOTAL ASSETS
Total Short-Term Assets $414.2M $397.6M $407.4M
Total Long-Term Assets $585.7M $377.0M $387.3M
Total Assets $999.9M $774.6M $794.7M
YoY Change 25.82% 10.99% 37.16%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $87.60M $51.80M $63.30M
YoY Change 38.39% -8.96% 10.47%
Accrued Expenses $77.20M $65.30M $73.50M
YoY Change 5.03% -20.94% 1.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $400.0K $0.00 $5.300M
YoY Change -92.45% -100.0% 6.0%
Total Short-Term Liabilities $222.9M $121.4M $155.6M
YoY Change 43.25% -21.07% 5.63%
LONG-TERM LIABILITIES
Long-Term Debt $139.0M $115.0M $142.7M
YoY Change -2.59% 30.68% 470.8%
Other Long-Term Liabilities $2.000M $1.500M $300.0K
YoY Change 566.67% 650.0% 50.0%
Total Long-Term Liabilities $141.0M $116.5M $143.0M
YoY Change -1.4% 32.09% 467.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $222.9M $121.4M $155.6M
Total Long-Term Liabilities $141.0M $116.5M $143.0M
Total Liabilities $484.0M $317.1M $385.3M
YoY Change 25.62% 31.03% 123.36%
SHAREHOLDERS EQUITY
Retained Earnings $391.8M $377.1M $319.9M
YoY Change 22.48% 14.24% 22.24%
Common Stock $309.1M $310.8M $309.1M
YoY Change 0.0% 4.54% 5.71%
Preferred Stock
YoY Change
Treasury Stock (at cost) $78.70M $72.80M $73.30M
YoY Change 7.37% -10.78% -13.76%
Treasury Stock Shares 5.263M shares 5.126M shares 5.208M shares
Shareholders Equity $515.9M $457.5M $409.4M
YoY Change
Total Liabilities & Shareholders Equity $999.9M $774.6M $794.7M
YoY Change 25.82% 10.99% 37.16%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q4
OPERATING ACTIVITIES
Net Income $27.90M $20.80M $28.70M
YoY Change -2.79% 48.57% 153.98%
Depreciation, Depletion And Amortization $8.000M $2.500M $7.000M
YoY Change 14.29% 19.05% 118.75%
Cash From Operating Activities $47.30M $25.20M $29.50M
YoY Change 60.34% -534.48% 1182.61%
INVESTING ACTIVITIES
Capital Expenditures -$6.300M -$6.600M -$4.900M
YoY Change 28.57% -4.35% -5.77%
Acquisitions
YoY Change
Other Investing Activities -$99.20M $900.0K -$43.90M
YoY Change 125.97% -101.7% -18.85%
Cash From Investing Activities -$105.5M -$5.700M -$48.80M
YoY Change 116.19% -90.45% -17.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.10M -19.50M 45.60M
YoY Change -77.85% -130.19% -190.84%
NET CHANGE
Cash From Operating Activities 47.30M 25.20M 29.50M
Cash From Investing Activities -105.5M -5.700M -48.80M
Cash From Financing Activities 10.10M -19.50M 45.60M
Net Change In Cash -48.10M 0.000 26.30M
YoY Change -282.89% -100.0% -124.53%
FREE CASH FLOW
Cash From Operating Activities $47.30M $25.20M $29.50M
Capital Expenditures -$6.300M -$6.600M -$4.900M
Free Cash Flow $53.60M $31.80M $34.40M
YoY Change 55.81% 2790.91% 358.67%

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