$MTX
MINERALS TECHNOLOGIES INC

2022 Q3 Form 10-Q Financial Statement

#000089101422000042 Filed on July 29, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $557.0M $519.1M $473.2M
YoY Change 22.26% 14.69% 9.59%
Cost Of Revenue $429.7M $397.4M $359.9M
YoY Change 26.31% 16.61% 12.29%
Gross Profit $127.3M $121.7M $113.3M
YoY Change 10.31% 8.86% 1.8%
Gross Profit Margin 22.85% 23.44% 23.94%
Selling, General & Admin $48.80M $48.80M $45.50M
YoY Change 5.17% 1.67% -7.52%
% of Gross Profit 38.33% 40.1% 40.16%
Research & Development $5.000M $5.100M $4.600M
YoY Change 2.04% 2.0% -6.12%
% of Gross Profit 3.93% 4.19% 4.06%
Depreciation & Amortization $23.70M $24.20M $23.70M
YoY Change 2.16% 0.41% 0.0%
% of Gross Profit 18.62% 19.88% 20.92%
Operating Expenses $53.80M $53.90M $50.10M
YoY Change 4.87% 1.7% -7.39%
Operating Profit $69.40M $67.80M $63.20M
YoY Change 8.95% 15.31% 15.96%
Interest Expense $10.40M -$9.800M -$9.200M
YoY Change 14.29% -1.01% -14.02%
% of Operating Profit 14.99% -14.45% -14.56%
Other Income/Expense, Net -$13.10M -$400.0K -$10.10M
YoY Change 14.91% -95.74% 94.23%
Pretax Income $56.30M $56.00M $50.50M
YoY Change 7.65% 13.36% 30.83%
Income Tax $11.40M $11.20M $8.900M
% Of Pretax Income 20.25% 20.0% 17.62%
Net Earnings $44.90M $44.90M $41.40M
YoY Change 7.16% 9.51% 33.12%
Net Earnings / Revenue 8.06% 8.65% 8.75%
Basic Earnings Per Share $1.37 $1.33 $1.24
Diluted Earnings Per Share $1.36 $1.328M $1.225M
COMMON SHARES
Basic Shares Outstanding 32.80M 33.10M 33.50M
Diluted Shares Outstanding 32.90M 33.20M 33.80M

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $236.7M $293.1M $311.3M
YoY Change -42.11% -21.99% -16.27%
Cash & Equivalents $234.7M $288.0M $299.5M
Short-Term Investments $2.000M $5.100M $1.400M
Other Short-Term Assets $61.00M $66.30M $53.00M
YoY Change 32.03% 48.99% 18.83%
Inventory $339.9M $333.8M $297.7M
Prepaid Expenses $41.20M
Receivables $429.9M $397.1M $367.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.068B $1.090B $1.029B
YoY Change -1.66% 4.37% -0.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.053B $1.046B $1.049B
YoY Change 1.89% 1.44% 0.91%
Goodwill $913.2M $907.5M
YoY Change 12.24%
Intangibles $247.9M $251.6M
YoY Change
Long-Term Investments $17.50M
YoY Change
Other Assets $98.90M $135.7M $114.5M
YoY Change -27.97% -1.88% -13.19%
Total Long-Term Assets $2.336B $2.336B $2.346B
YoY Change 7.74% 7.7% 7.81%
TOTAL ASSETS
Total Short-Term Assets $1.068B $1.090B $1.029B
Total Long-Term Assets $2.336B $2.336B $2.346B
Total Assets $3.403B $3.426B $3.374B
YoY Change 4.6% 6.62% 5.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $219.3M $218.6M $196.1M
YoY Change 23.41% 30.35% 32.23%
Accrued Expenses $57.90M
YoY Change -3.98%
Deferred Revenue
YoY Change
Short-Term Debt $110.0M $110.0M $80.00M
YoY Change 21900.0%
Long-Term Debt Due $800.0K $600.0K $800.0K
YoY Change -11.11% -33.33% -20.0%
Total Short-Term Liabilities $465.9M $455.1M $419.8M
YoY Change 58.52% 57.58% 41.92%
LONG-TERM LIABILITIES
Long-Term Debt $939.3M $937.0M $936.2M
YoY Change 0.52% 0.36% 0.32%
Other Long-Term Liabilities $122.9M $241.7M $136.3M
YoY Change -61.47% -25.08% -57.14%
Total Long-Term Liabilities $1.062B $1.179B $1.073B
YoY Change -15.25% -6.17% 14.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $465.9M $455.1M $419.8M
Total Long-Term Liabilities $1.062B $1.179B $1.073B
Total Liabilities $1.826B $1.864B $1.795B
YoY Change 4.14% 6.55% 2.64%
SHAREHOLDERS EQUITY
Retained Earnings $2.255B $2.169B
YoY Change
Common Stock $483.0M $479.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $815.8M $775.1M
YoY Change
Treasury Stock Shares $16.17M
Shareholders Equity $1.543B $1.562B $1.539B
YoY Change
Total Liabilities & Shareholders Equity $3.403B $3.426B $3.374B
YoY Change 4.6% 6.62% 5.13%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $44.90M $44.90M $41.40M
YoY Change 7.16% 9.51% 33.12%
Depreciation, Depletion And Amortization $23.70M $24.20M $23.70M
YoY Change 2.16% 0.41% 0.0%
Cash From Operating Activities $32.90M $300.0K $45.10M
YoY Change -50.97% -99.41% -51.08%
INVESTING ACTIVITIES
Capital Expenditures -$21.20M -$19.00M -$210.1M
YoY Change -4.07% 7.34% 900.48%
Acquisitions
YoY Change
Other Investing Activities -$18.80M $1.900M $5.500M
YoY Change -3233.33% -311.11% -1933.33%
Cash From Investing Activities -$40.00M -$17.10M -$204.6M
YoY Change 86.05% -8.06% 860.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $300.0K
YoY Change
Cash From Financing Activities -31.90M 8.900M 71.30M
YoY Change 123.08% -146.11% -175.21%
NET CHANGE
Cash From Operating Activities 32.90M 300.0K 45.10M
Cash From Investing Activities -40.00M -17.10M -204.6M
Cash From Financing Activities -31.90M 8.900M 71.30M
Net Change In Cash -39.00M -7.900M -88.20M
YoY Change -224.6% -160.77% 269.04%
FREE CASH FLOW
Cash From Operating Activities $32.90M $300.0K $45.10M
Capital Expenditures -$21.20M -$19.00M -$210.1M
Free Cash Flow $54.10M $19.30M $255.2M
YoY Change -39.35% -71.87% 125.44%

Facts In Submission

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