$SCL
STEPAN CO

2018 Q4 Form 10-Q Financial Statement

#000156459018026046 Filed on November 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q4 2017 Q3 2016 Q4
Revenue $466.7M $487.8M $420.6M
YoY Change -1.51% 9.61% 0.32%
Cost Of Revenue $392.1M $412.2M $351.9M
YoY Change 1.76% 13.99% 2.12%
Gross Profit $74.59M $75.58M $68.72M
YoY Change -7.73% -9.38% -7.99%
Gross Profit Margin 15.98% 15.49% 16.34%
Selling, General & Admin $33.20M $32.20M $34.80M
YoY Change -5.68% -2.13% -15.53%
% of Gross Profit 44.51% 42.61% 50.64%
Research & Development $13.00M $12.70M $13.80M
YoY Change -2.99% -11.19% 4.55%
% of Gross Profit 17.43% 16.8% 20.08%
Depreciation & Amortization $20.30M $19.40M $19.80M
YoY Change -7.31% 3.74% 14.45%
% of Gross Profit 27.21% 25.67% 28.81%
Operating Expenses $38.90M $44.80M $52.80M
YoY Change -19.29% -18.1% -3.12%
Operating Profit $35.45M $30.43M $9.932M
YoY Change 12.91% 5.9% -50.89%
Interest Expense -$2.151M -$2.763M -$3.350M
YoY Change -23.89% -2.16% -11.21%
% of Operating Profit -6.07% -9.08% -33.73%
Other Income/Expense, Net -$700.0K -$100.0K
YoY Change 16.67%
Pretax Income $30.59M $29.31M $7.009M
YoY Change 7.2% 7.99% -53.46%
Income Tax $7.000M $7.500M -$1.400M
% Of Pretax Income 22.89% 25.59% -19.97%
Net Earnings $23.96M $21.90M $8.417M
YoY Change 142.38% 2.51% -34.61%
Net Earnings / Revenue 5.13% 4.49% 2.0%
Basic Earnings Per Share
Diluted Earnings Per Share $1.03 $0.94 $0.36
COMMON SHARES
Basic Shares Outstanding 22.52M 22.40M
Diluted Shares Outstanding

Balance Sheet

Concept 2018 Q4 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $300.2M $264.1M $225.7M
YoY Change 0.43% 27.58% 28.17%
Cash & Equivalents $300.2M $264.1M $225.7M
Short-Term Investments
Other Short-Term Assets $22.15M $23.72M $22.73M
YoY Change -6.16% -1.99% -2.89%
Inventory $231.5M $163.7M $173.7M
Prepaid Expenses
Receivables $280.0M $314.1M $263.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $833.9M $765.7M $685.5M
YoY Change 5.73% 9.96% 10.65%
LONG-TERM ASSETS
Property, Plant & Equipment $608.9M $591.9M $582.7M
YoY Change 1.75% 3.17% 4.91%
Goodwill $22.95M $25.72M $25.31M
YoY Change -8.62% 124.66%
Intangibles $14.24M $19.81M $22.34M
YoY Change -23.16% 24.4%
Long-Term Investments $25.10M $26.30M $24.10M
YoY Change -11.31% 13.36% 15.31%
Other Assets $9.549M $13.43M $13.93M
YoY Change -18.77% 25.5% 5.36%
Total Long-Term Assets $680.7M $677.2M $668.3M
YoY Change -4.69% 6.67% 8.0%
TOTAL ASSETS
Total Short-Term Assets $833.9M $765.7M $685.5M
Total Long-Term Assets $680.7M $677.2M $668.3M
Total Assets $1.515B $1.443B $1.354B
YoY Change 0.78% 8.39% 9.33%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $206.0M $172.4M $158.3M
YoY Change 0.48% 33.53% 23.1%
Accrued Expenses $95.57M $96.42M $110.8M
YoY Change 3.01% 0.44% 15.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $37.06M $21.17M $28.15M
YoY Change 64.7% 7.44% 49.71%
Total Short-Term Liabilities $338.6M $290.0M $297.3M
YoY Change 5.72% 18.5% 22.21%
LONG-TERM LIABILITIES
Long-Term Debt $239.0M $283.3M $288.9M
YoY Change -10.91% -7.58% -7.58%
Other Long-Term Liabilities $103.9M $113.6M $119.4M
YoY Change -20.37% -10.55% 4.0%
Total Long-Term Liabilities $342.9M $396.9M $408.2M
YoY Change -14.01% -8.45% -4.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $338.6M $290.0M $297.3M
Total Long-Term Liabilities $342.9M $396.9M $408.2M
Total Liabilities $681.5M $686.8M $705.5M
YoY Change -5.22% -0.85% 5.21%
SHAREHOLDERS EQUITY
Retained Earnings $837.1M $716.9M $649.1M
YoY Change 15.98% 11.87%
Common Stock $209.2M $194.6M $183.9M
YoY Change 6.47% 8.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $77.03M $70.94M
YoY Change 3.64%
Treasury Stock Shares $3.803M $3.542M $3.470M
Shareholders Equity $807.4M $734.9M $634.6M
YoY Change
Total Liabilities & Shareholders Equity $1.515B $1.443B $1.354B
YoY Change 2.97% 8.39% 9.33%

Cashflow Statement

Concept 2018 Q4 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income $23.96M $21.90M $8.417M
YoY Change 142.38% 2.51% -34.61%
Depreciation, Depletion And Amortization $20.30M $19.40M $19.80M
YoY Change -7.31% 3.74% 14.45%
Cash From Operating Activities $74.90M $63.80M $92.70M
YoY Change 0.94% 47.69% 53.99%
INVESTING ACTIVITIES
Capital Expenditures -$23.70M -$19.60M -$33.30M
YoY Change 14.49% -32.65% 14.83%
Acquisitions
YoY Change
Other Investing Activities -$1.400M $1.400M -$24.60M
YoY Change -240.0% 100.0% 1950.0%
Cash From Investing Activities -$25.10M -$18.10M -$58.00M
YoY Change 27.41% -36.04% 92.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -17.50M -7.200M -12.50M
YoY Change -15.05% -388.0% -0.79%
NET CHANGE
Cash From Operating Activities 74.90M 63.80M 92.70M
Cash From Investing Activities -25.10M -18.10M -58.00M
Cash From Financing Activities -17.50M -7.200M -12.50M
Net Change In Cash 32.30M 38.50M 22.20M
YoY Change -4.72% 121.26% 27.59%
FREE CASH FLOW
Cash From Operating Activities $74.90M $63.80M $92.70M
Capital Expenditures -$23.70M -$19.60M -$33.30M
Free Cash Flow $98.60M $83.40M $126.0M
YoY Change 3.9% 15.35% 41.26%

Facts In Submission

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