$SCL
STEPAN CO

2020 Q2 Form 10-Q Financial Statement

#000156459020034590 Filed on July 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $460.5M $473.0M
YoY Change -2.63% -9.01%
Cost Of Revenue $362.1M $380.0M
YoY Change -4.72% -11.59%
Gross Profit $98.50M $92.96M
YoY Change 5.96% 3.31%
Gross Profit Margin 21.39% 19.65%
Selling, General & Admin $33.70M $35.68M
YoY Change -5.56% 13.4%
% of Gross Profit 34.21% 38.39%
Research & Development $13.50M $13.40M
YoY Change 0.75% -2.19%
% of Gross Profit 13.71% 14.41%
Depreciation & Amortization $20.30M $19.60M
YoY Change 3.57% -4.85%
% of Gross Profit 20.61% 21.08%
Operating Expenses $53.60M $35.68M
YoY Change 50.21% 13.4%
Operating Profit $44.62M $41.07M
YoY Change 8.66% -9.52%
Interest Expense -$1.259M -$1.766M
YoY Change -28.71% -33.91%
% of Operating Profit -2.82% -4.3%
Other Income/Expense, Net $4.437M -$1.531M
YoY Change -389.81% -30.03%
Pretax Income $47.80M $39.53M
YoY Change 20.91% -8.48%
Income Tax $12.00M $9.324M
% Of Pretax Income 25.1% 23.58%
Net Earnings $35.71M $30.22M
YoY Change 18.16% -9.67%
Net Earnings / Revenue 7.75% 6.39%
Basic Earnings Per Share $1.56 $1.31
Diluted Earnings Per Share $1.54 $1.30
COMMON SHARES
Basic Shares Outstanding 22.92M 23.09M
Diluted Shares Outstanding 23.18M 23.33M

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $272.9M $275.3M
YoY Change -0.87% 7.25%
Cash & Equivalents $272.9M $275.3M
Short-Term Investments
Other Short-Term Assets $28.60M $26.24M
YoY Change 8.99% 13.59%
Inventory $208.2M $216.3M
Prepaid Expenses
Receivables $286.7M $289.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $796.4M $806.8M
YoY Change -1.29% 3.36%
LONG-TERM ASSETS
Property, Plant & Equipment $670.7M $647.9M
YoY Change 3.52% 8.15%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $26.20M $26.40M
YoY Change -0.76% -2.94%
Other Assets $12.20M $12.10M
YoY Change 0.84% -5.48%
Total Long-Term Assets $747.0M $722.2M
YoY Change 3.44% 6.48%
TOTAL ASSETS
Total Short-Term Assets $796.4M $806.8M
Total Long-Term Assets $747.0M $722.2M
Total Assets $1.543B $1.529B
YoY Change 0.94% 4.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $187.4M $184.7M
YoY Change 1.46% -8.25%
Accrued Expenses $108.2M $89.90M
YoY Change 20.36% 12.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $23.57M $24.89M
YoY Change -5.3% 2.42%
Total Short-Term Liabilities $319.2M $299.5M
YoY Change 6.58% -2.03%
LONG-TERM LIABILITIES
Long-Term Debt $184.3M $207.7M
YoY Change -11.28% -20.86%
Other Long-Term Liabilities $117.6M $135.1M
YoY Change -12.95% 17.99%
Total Long-Term Liabilities $184.3M $207.7M
YoY Change -11.28% -44.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $319.2M $299.5M
Total Long-Term Liabilities $184.3M $207.7M
Total Liabilities $646.0M $671.3M
YoY Change -3.77% -3.76%
SHAREHOLDERS EQUITY
Retained Earnings $886.3M
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $897.4M $857.7M
YoY Change
Total Liabilities & Shareholders Equity $1.543B $1.529B
YoY Change 0.94% 4.81%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $35.71M $30.22M
YoY Change 18.16% -9.67%
Depreciation, Depletion And Amortization $20.30M $19.60M
YoY Change 3.57% -4.85%
Cash From Operating Activities $65.00M $74.40M
YoY Change -12.63% 40.91%
INVESTING ACTIVITIES
Capital Expenditures -$21.50M -$19.40M
YoY Change 10.82% 19.02%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change
Cash From Investing Activities -$21.50M -$19.40M
YoY Change 10.82% 19.02%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -26.00M -50.60M
YoY Change -48.62% 176.5%
NET CHANGE
Cash From Operating Activities 65.00M 74.40M
Cash From Investing Activities -21.50M -19.40M
Cash From Financing Activities -26.00M -50.60M
Net Change In Cash 17.50M 4.400M
YoY Change 297.73% -75.82%
FREE CASH FLOW
Cash From Operating Activities $65.00M $74.40M
Capital Expenditures -$21.50M -$19.40M
Free Cash Flow $86.50M $93.80M
YoY Change -7.78% 35.75%

Facts In Submission

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