$SCL
STEPAN CO

2017 Q2 Form 10-Q Financial Statement

#000156459017014350 Filed on July 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q2 2016 Q2
Revenue $495.1M $454.6M
YoY Change 8.91% 0.48%
Cost Of Revenue $405.1M $361.7M
YoY Change 12.0% -3.0%
Gross Profit $89.99M $92.93M
YoY Change -3.17% 16.88%
Gross Profit Margin 18.18% 20.44%
Selling, General & Admin $31.00M $32.30M
YoY Change -4.02% -15.67%
% of Gross Profit 34.45% 34.76%
Research & Development $14.30M $14.30M
YoY Change 0.0% 13.49%
% of Gross Profit 15.89% 15.39%
Depreciation & Amortization $19.00M $18.40M
YoY Change 3.26% 9.52%
% of Gross Profit 21.11% 19.8%
Operating Expenses $50.30M $48.90M
YoY Change 2.86% -3.96%
Operating Profit $39.13M $42.92M
YoY Change -8.81% 50.08%
Interest Expense -$2.863M -$3.417M
YoY Change -16.21% 19.1%
% of Operating Profit -7.32% -7.96%
Other Income/Expense, Net -$200.0K -$3.720M
YoY Change -94.62% -16.39%
Pretax Income $37.06M $39.20M
YoY Change -5.44% 62.33%
Income Tax $9.200M $11.33M
% Of Pretax Income 24.82% 28.9%
Net Earnings $27.88M $28.50M
YoY Change -2.15% 68.48%
Net Earnings / Revenue 5.63% 6.27%
Basic Earnings Per Share $1.22
Diluted Earnings Per Share $1.19 $1.24
COMMON SHARES
Basic Shares Outstanding 22.76M
Diluted Shares Outstanding 22.96M

Balance Sheet

Concept 2017 Q2 2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $223.8M $190.4M
YoY Change 17.54% 131.07%
Cash & Equivalents $223.8M $190.4M
Short-Term Investments
Other Short-Term Assets $25.00M $23.22M
YoY Change 7.67% 0.25%
Inventory $178.4M $180.7M
Prepaid Expenses
Receivables $306.2M $285.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $733.4M $679.3M
YoY Change 7.96% 20.37%
LONG-TERM ASSETS
Property, Plant & Equipment $587.2M $563.6M
YoY Change 4.19% 4.99%
Goodwill $11.29M
YoY Change -0.93%
Intangibles $16.56M
YoY Change -14.54%
Long-Term Investments $26.90M $21.20M
YoY Change 26.89% 4.43%
Other Assets $13.70M $12.45M
YoY Change 10.06% 34.01%
Total Long-Term Assets $673.3M $625.1M
YoY Change 7.7% 4.68%
TOTAL ASSETS
Total Short-Term Assets $733.4M $679.3M
Total Long-Term Assets $673.3M $625.1M
Total Assets $1.407B $1.304B
YoY Change 7.84% 12.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $169.2M $144.2M
YoY Change 17.37% 2.94%
Accrued Expenses $84.00M $83.72M
YoY Change 0.33% 21.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $21.20M $14.38M
YoY Change 47.46% -42.09%
Total Short-Term Liabilities $274.4M $242.3M
YoY Change 13.27% 3.54%
LONG-TERM LIABILITIES
Long-Term Debt $283.2M $307.0M
YoY Change -7.75% 30.27%
Other Long-Term Liabilities $125.3M $119.7M
YoY Change 4.71% -3.91%
Total Long-Term Liabilities $408.5M $426.6M
YoY Change -4.25% 18.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $274.4M $242.3M
Total Long-Term Liabilities $408.5M $426.6M
Total Liabilities $699.4M $668.9M
YoY Change 4.56% 12.58%
SHAREHOLDERS EQUITY
Retained Earnings $627.3M
YoY Change 13.91%
Common Stock $176.6M
YoY Change 5.15%
Preferred Stock
YoY Change
Treasury Stock (at cost) $70.94M
YoY Change 6.76%
Treasury Stock Shares $3.470M
Shareholders Equity $707.3M $618.9M
YoY Change
Total Liabilities & Shareholders Equity $1.407B $1.304B
YoY Change 7.84% 12.3%

Cashflow Statement

Concept 2017 Q2 2016 Q2
OPERATING ACTIVITIES
Net Income $27.88M $28.50M
YoY Change -2.15% 68.48%
Depreciation, Depletion And Amortization $19.00M $18.40M
YoY Change 3.26% 9.52%
Cash From Operating Activities $57.60M $78.10M
YoY Change -26.25% 75.9%
INVESTING ACTIVITIES
Capital Expenditures -$17.90M -$21.40M
YoY Change -16.36% -16.73%
Acquisitions
YoY Change
Other Investing Activities -$300.0K -$400.0K
YoY Change -25.0% -94.12%
Cash From Investing Activities -$18.30M -$21.70M
YoY Change -15.67% -33.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -15.50M -10.90M
YoY Change 42.2% -60.79%
NET CHANGE
Cash From Operating Activities 57.60M 78.10M
Cash From Investing Activities -18.30M -21.70M
Cash From Financing Activities -15.50M -10.90M
Net Change In Cash 23.80M 45.50M
YoY Change -47.69% -386.16%
FREE CASH FLOW
Cash From Operating Activities $57.60M $78.10M
Capital Expenditures -$17.90M -$21.40M
Free Cash Flow $75.50M $99.50M
YoY Change -24.12% 41.94%

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