$MTX
MINERALS TECHNOLOGIES INC

2021 Q4 Form 10-Q Financial Statement

#000089101421000050 Filed on November 05, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q4 2020 Q3
Revenue $473.2M $431.8M $388.3M
YoY Change 9.59% -1.91% -13.58%
Cost Of Revenue $359.9M $320.5M $289.9M
YoY Change 12.29% -3.61% -14.26%
Gross Profit $113.3M $111.3M $98.40M
YoY Change 1.8% 3.34% -11.51%
Gross Profit Margin 23.94% 25.78% 25.34%
Selling, General & Admin $45.50M $49.20M $42.10M
YoY Change -7.52% -0.2% -10.23%
% of Gross Profit 40.16% 44.2% 42.78%
Research & Development $4.600M $4.900M $4.800M
YoY Change -6.12% -9.26% -7.69%
% of Gross Profit 4.06% 4.4% 4.88%
Depreciation & Amortization $23.70M $23.70M $23.90M
YoY Change 0.0% -4.44% -3.24%
% of Gross Profit 20.92% 21.29% 24.29%
Operating Expenses $50.10M $54.10M $46.90M
YoY Change -7.39% -1.1% -9.98%
Operating Profit $63.20M $54.50M $48.50M
YoY Change 15.96% 14.26% -9.35%
Interest Expense -$9.200M -$10.70M -$10.10M
YoY Change -14.02% 8.08% -8.18%
% of Operating Profit -14.56% -19.63% -20.82%
Other Income/Expense, Net -$10.10M -$5.200M -$2.600M
YoY Change 94.23% 85.71% -79.37%
Pretax Income $50.50M $38.60M $35.80M
YoY Change 30.83% 10.29% -12.47%
Income Tax $8.900M $6.800M $7.000M
% Of Pretax Income 17.62% 17.62% 19.55%
Net Earnings $41.40M $31.10M $28.30M
YoY Change 33.12% 7.24% -25.53%
Net Earnings / Revenue 8.75% 7.2% 7.29%
Basic Earnings Per Share $1.24 $0.91 $0.83
Diluted Earnings Per Share $1.225M $0.91 $0.83
COMMON SHARES
Basic Shares Outstanding 33.50M
Diluted Shares Outstanding 33.80M

Balance Sheet

Concept 2021 Q4 2020 Q4 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $311.3M $371.8M $381.8M
YoY Change -16.27% 52.88% 78.0%
Cash & Equivalents $299.5M $367.7M $379.0M
Short-Term Investments $1.400M $4.100M $2.800M
Other Short-Term Assets $53.00M $44.60M $47.70M
YoY Change 18.83% 301.8% 6.24%
Inventory $297.7M $248.2M $255.2M
Prepaid Expenses $41.20M
Receivables $367.8M $369.0M $363.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.029B $1.034B $1.048B
YoY Change -0.49% 12.45% 13.89%
LONG-TERM ASSETS
Property, Plant & Equipment $1.049B $1.040B $1.027B
YoY Change 0.91% -1.25% -6.91%
Goodwill $907.5M $808.5M
YoY Change 12.24% 0.14%
Intangibles $251.6M
YoY Change
Long-Term Investments $17.50M
YoY Change
Other Assets $114.5M $131.9M $135.9M
YoY Change -13.19% 23.04% 49.67%
Total Long-Term Assets $2.346B $2.176B $2.166B
YoY Change 7.81% -0.8% -1.8%
TOTAL ASSETS
Total Short-Term Assets $1.029B $1.034B $1.048B
Total Long-Term Assets $2.346B $2.176B $2.166B
Total Assets $3.374B $3.209B $3.214B
YoY Change 5.13% 3.11% 2.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $196.1M $148.3M $140.7M
YoY Change 32.23% -9.24% -20.06%
Accrued Expenses $57.90M $60.30M
YoY Change -3.98% -3.67%
Deferred Revenue
YoY Change
Short-Term Debt $80.00M $0.00 $0.00
YoY Change -100.0% -100.0%
Long-Term Debt Due $800.0K $1.000M $900.0K
YoY Change -20.0% -52.38% -50.0%
Total Short-Term Liabilities $419.8M $295.8M $272.0M
YoY Change 41.92% -25.77% -33.64%
LONG-TERM LIABILITIES
Long-Term Debt $936.2M $933.2M $1.012B
YoY Change 0.32% 13.21% 19.84%
Other Long-Term Liabilities $136.3M $318.0M $275.2M
YoY Change -57.14% 152.98% 13.06%
Total Long-Term Liabilities $1.073B $933.2M $1.288B
YoY Change 14.93% -1.77% 52.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $419.8M $295.8M $272.0M
Total Long-Term Liabilities $1.073B $933.2M $1.288B
Total Liabilities $1.795B $1.749B $1.776B
YoY Change 2.64% 4.21% 3.06%
SHAREHOLDERS EQUITY
Retained Earnings $2.169B
YoY Change
Common Stock $479.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $775.1M
YoY Change
Treasury Stock Shares $16.17M
Shareholders Equity $1.539B $1.461B $1.438B
YoY Change
Total Liabilities & Shareholders Equity $3.374B $3.209B $3.214B
YoY Change 5.13% 3.11% 2.82%

Cashflow Statement

Concept 2021 Q4 2020 Q4 2020 Q3
OPERATING ACTIVITIES
Net Income $41.40M $31.10M $28.30M
YoY Change 33.12% 7.24% -25.53%
Depreciation, Depletion And Amortization $23.70M $23.70M $23.90M
YoY Change 0.0% -4.44% -3.24%
Cash From Operating Activities $45.10M $92.20M $54.30M
YoY Change -51.08% 15.54% -9.8%
INVESTING ACTIVITIES
Capital Expenditures -$210.1M -$21.00M -$23.40M
YoY Change 900.48% 59.09% 43.56%
Acquisitions
YoY Change
Other Investing Activities $5.500M -$300.0K $2.400M
YoY Change -1933.33% -118.75% -31.43%
Cash From Investing Activities -$204.6M -$21.30M -$21.00M
YoY Change 860.56% 83.62% 64.06%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 71.30M -94.80M 110.2M
YoY Change -175.21% 119.44% -349.89%
NET CHANGE
Cash From Operating Activities 45.10M 92.20M 54.30M
Cash From Investing Activities -204.6M -21.30M -21.00M
Cash From Financing Activities 71.30M -94.80M 110.2M
Net Change In Cash -88.20M -23.90M 143.5M
YoY Change 269.04% -195.6% 4248.48%
FREE CASH FLOW
Cash From Operating Activities $45.10M $92.20M $54.30M
Capital Expenditures -$210.1M -$21.00M -$23.40M
Free Cash Flow $255.2M $113.2M $77.70M
YoY Change 125.44% 21.72% 1.57%

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