$MTX
MINERALS TECHNOLOGIES INC

2022 Q4 Form 10-Q Financial Statement

#000089101422000053 Filed on October 28, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2021 Q4
Revenue $541.9M $473.2M
YoY Change 14.52% 9.59%
Cost Of Revenue $423.6M $359.9M
YoY Change 17.7% 12.29%
Gross Profit $118.3M $113.3M
YoY Change 4.41% 1.8%
Gross Profit Margin 21.83% 23.94%
Selling, General & Admin $46.00M $45.50M
YoY Change 1.1% -7.52%
% of Gross Profit 38.88% 40.16%
Research & Development $5.100M $4.600M
YoY Change 10.87% -6.12%
% of Gross Profit 4.31% 4.06%
Depreciation & Amortization $23.30M $23.70M
YoY Change -1.69% 0.0%
% of Gross Profit 19.7% 20.92%
Operating Expenses $51.10M $50.10M
YoY Change 2.0% -7.39%
Operating Profit $35.60M $63.20M
YoY Change -43.67% 15.96%
Interest Expense $11.00M -$9.200M
YoY Change -219.57% -14.02%
% of Operating Profit 30.9% -14.56%
Other Income/Expense, Net -$18.50M -$10.10M
YoY Change 83.17% 94.23%
Pretax Income $17.10M $50.50M
YoY Change -66.14% 30.83%
Income Tax $3.200M $8.900M
% Of Pretax Income 18.71% 17.62%
Net Earnings $13.40M $41.40M
YoY Change -67.63% 33.12%
Net Earnings / Revenue 2.47% 8.75%
Basic Earnings Per Share $0.41 $1.24
Diluted Earnings Per Share $0.41 $1.225M
COMMON SHARES
Basic Shares Outstanding 32.50M 33.50M
Diluted Shares Outstanding 32.60M 33.80M

Balance Sheet

Concept 2022 Q4 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $226.4M $311.3M
YoY Change -27.27% -16.27%
Cash & Equivalents $224.1M $299.5M
Short-Term Investments $2.300M $1.400M
Other Short-Term Assets $71.90M $53.00M
YoY Change 35.66% 18.83%
Inventory $344.6M $297.7M
Prepaid Expenses $43.30M $41.20M
Receivables $430.6M $367.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.074B $1.029B
YoY Change 4.38% -0.49%
LONG-TERM ASSETS
Property, Plant & Equipment $1.038B $1.049B
YoY Change -1.03% 0.91%
Goodwill $912.2M $907.5M
YoY Change 0.52% 12.24%
Intangibles $243.5M $251.6M
YoY Change -3.22%
Long-Term Investments $16.50M $17.50M
YoY Change -5.71%
Other Assets $97.60M $114.5M
YoY Change -14.76% -13.19%
Total Long-Term Assets $2.314B $2.346B
YoY Change -1.36% 7.81%
TOTAL ASSETS
Total Short-Term Assets $1.074B $1.029B
Total Long-Term Assets $2.314B $2.346B
Total Assets $3.387B $3.374B
YoY Change 0.39% 5.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $210.1M $196.1M
YoY Change 7.14% 32.23%
Accrued Expenses $55.30M $57.90M
YoY Change -4.49% -3.98%
Deferred Revenue
YoY Change
Short-Term Debt $118.5M $80.00M
YoY Change 48.13%
Long-Term Debt Due $700.0K $800.0K
YoY Change -12.5% -20.0%
Total Short-Term Liabilities $493.5M $419.8M
YoY Change 17.56% 41.92%
LONG-TERM LIABILITIES
Long-Term Debt $944.9M $936.2M
YoY Change 0.93% 0.32%
Other Long-Term Liabilities $116.6M $136.3M
YoY Change -14.45% -57.14%
Total Long-Term Liabilities $1.062B $1.073B
YoY Change -1.03% 14.93%
TOTAL LIABILITIES
Total Short-Term Liabilities $493.5M $419.8M
Total Long-Term Liabilities $1.062B $1.073B
Total Liabilities $1.852B $1.795B
YoY Change 3.18% 2.64%
SHAREHOLDERS EQUITY
Retained Earnings $2.266B $2.169B
YoY Change 4.49%
Common Stock $488.2M $479.1M
YoY Change 1.9%
Preferred Stock
YoY Change
Treasury Stock (at cost) $831.1M $775.1M
YoY Change 7.22%
Treasury Stock Shares $17.03M $16.17M
Shareholders Equity $1.502B $1.539B
YoY Change
Total Liabilities & Shareholders Equity $3.387B $3.374B
YoY Change 0.39% 5.13%

Cashflow Statement

Concept 2022 Q4 2021 Q4
OPERATING ACTIVITIES
Net Income $13.40M $41.40M
YoY Change -67.63% 33.12%
Depreciation, Depletion And Amortization $23.30M $23.70M
YoY Change -1.69% 0.0%
Cash From Operating Activities $30.40M $45.10M
YoY Change -32.59% -51.08%
INVESTING ACTIVITIES
Capital Expenditures -$19.20M -$210.1M
YoY Change -90.86% 900.48%
Acquisitions
YoY Change
Other Investing Activities $76.30M $5.500M
YoY Change 1287.27% -1933.33%
Cash From Investing Activities $116.5M -$204.6M
YoY Change -156.94% 860.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -7.400M 71.30M
YoY Change -110.38% -175.21%
NET CHANGE
Cash From Operating Activities 30.40M 45.10M
Cash From Investing Activities 116.5M -204.6M
Cash From Financing Activities -7.400M 71.30M
Net Change In Cash 146.9M -88.20M
YoY Change -266.55% 269.04%
FREE CASH FLOW
Cash From Operating Activities $30.40M $45.10M
Capital Expenditures -$19.20M -$210.1M
Free Cash Flow $49.60M $255.2M
YoY Change -80.56% 125.44%

Facts In Submission

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