$IOSP
INNOSPEC INC.

2015 Q2 Form 10-Q Financial Statement

#000119312515278041 Filed on August 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $242.9M $221.3M
YoY Change 9.76% 19.62%
Cost Of Revenue $155.4M $152.7M
YoY Change 1.77% 21.58%
Gross Profit $87.50M $68.60M
YoY Change 27.55% 15.49%
Gross Profit Margin 36.02% 31.0%
Selling, General & Admin $50.20M $37.70M
YoY Change 33.16% 19.68%
% of Gross Profit 57.37% 54.96%
Research & Development $6.500M $5.600M
YoY Change 16.07% 5.66%
% of Gross Profit 7.43% 8.16%
Depreciation & Amortization $3.300M $2.600M
YoY Change 26.92% 23.81%
% of Gross Profit 3.77% 3.79%
Operating Expenses $30.10M $43.30M
YoY Change -30.48% 16.71%
Operating Profit $57.40M $25.30M
YoY Change 126.88% 13.45%
Interest Expense -$900.0K $900.0K
YoY Change -200.0% 80.0%
% of Operating Profit -1.57% 3.56%
Other Income/Expense, Net -$4.700M -$700.0K
YoY Change 571.43% -30.0%
Pretax Income $51.80M $23.80M
YoY Change 117.65% 13.88%
Income Tax $17.30M $5.300M
% Of Pretax Income 33.4% 22.27%
Net Earnings $34.50M $18.50M
YoY Change 86.49% 8.19%
Net Earnings / Revenue 14.2% 8.36%
Basic Earnings Per Share $1.43 $0.76
Diluted Earnings Per Share $1.40 $0.75
COMMON SHARES
Basic Shares Outstanding 24.20M shares 24.40M shares
Diluted Shares Outstanding 24.67M shares 24.67M shares

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $69.80M $97.40M
YoY Change -28.34% 65.08%
Cash & Equivalents $64.30M $91.40M
Short-Term Investments $5.500M $6.000M
Other Short-Term Assets $57.60M $17.70M
YoY Change 225.42% -6.35%
Inventory $167.5M $172.8M
Prepaid Expenses $5.200M $3.900M
Receivables $131.5M $118.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $426.4M $405.9M
YoY Change 5.05% 29.23%
LONG-TERM ASSETS
Property, Plant & Equipment $72.50M $61.30M
YoY Change 18.27% 23.59%
Goodwill $268.4M $188.1M
YoY Change 42.69% 26.5%
Intangibles $175.9M $121.1M
YoY Change 45.25% 77.83%
Long-Term Investments
YoY Change
Other Assets $1.300M $1.500M
YoY Change -13.33% 114.29%
Total Long-Term Assets $572.0M $380.9M
YoY Change 50.17% 36.13%
TOTAL ASSETS
Total Short-Term Assets $426.4M $405.9M
Total Long-Term Assets $572.0M $380.9M
Total Assets $998.4M $786.8M
YoY Change 26.89% 32.48%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.40M $52.00M
YoY Change 29.62% 10.64%
Accrued Expenses $69.60M $62.90M
YoY Change 10.65% -11.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $5.300M
YoY Change -100.0% 6.0%
Total Short-Term Liabilities $193.6M $125.5M
YoY Change 54.26% -2.64%
LONG-TERM LIABILITIES
Long-Term Debt $139.0M $134.2M
YoY Change 3.58% 379.29%
Other Long-Term Liabilities $700.0K $200.0K
YoY Change 250.0% 0.0%
Total Long-Term Liabilities $139.7M $134.4M
YoY Change 3.94% 376.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $193.6M $125.5M
Total Long-Term Liabilities $139.7M $134.4M
Total Liabilities $448.7M $345.5M
YoY Change 29.87% 119.92%
SHAREHOLDERS EQUITY
Retained Earnings $436.9M $356.3M
YoY Change 22.62% 12.72%
Common Stock $310.2M $310.4M
YoY Change -0.06% 6.05%
Preferred Stock
YoY Change
Treasury Stock (at cost) $88.30M $72.90M
YoY Change 21.12% -13.32%
Treasury Stock Shares 5.405M shares 5.141M shares
Shareholders Equity $549.3M $441.3M
YoY Change
Total Liabilities & Shareholders Equity $998.4M $786.8M
YoY Change 26.89% 32.48%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income $34.50M $18.50M
YoY Change 86.49% 8.19%
Depreciation, Depletion And Amortization $3.300M $2.600M
YoY Change 26.92% 23.81%
Cash From Operating Activities $36.90M $12.90M
YoY Change 186.05% -34.52%
INVESTING ACTIVITIES
Capital Expenditures -$6.300M -$5.100M
YoY Change 23.53% 15.91%
Acquisitions
YoY Change
Other Investing Activities $0.00 $300.0K
YoY Change -100.0% -76.92%
Cash From Investing Activities -$6.300M -$4.800M
YoY Change 31.25% 54.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -12.20M -6.900M
YoY Change 76.81% 38.0%
NET CHANGE
Cash From Operating Activities 36.90M 12.90M
Cash From Investing Activities -6.300M -4.800M
Cash From Financing Activities -12.20M -6.900M
Net Change In Cash 18.40M 1.200M
YoY Change 1433.33% -89.66%
FREE CASH FLOW
Cash From Operating Activities $36.90M $12.90M
Capital Expenditures -$6.300M -$5.100M
Free Cash Flow $43.20M $18.00M
YoY Change 140.0% -25.31%

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