$TSE
Trinseo PLC

2024 Q2 Form 10-Q Financial Statement

#000155837024007569 Filed on May 09, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $920.0M $904.0M
YoY Change -4.43% -9.26%
Cost Of Revenue $851.6M $843.4M
YoY Change -6.31% -12.06%
Gross Profit $68.40M $60.60M
YoY Change 27.61% 62.9%
Gross Profit Margin 7.43% 6.7%
Selling, General & Admin $70.10M $70.10M
YoY Change 30.3% -17.24%
% of Gross Profit 102.49% 115.68%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $46.60M $45.00M
YoY Change -11.24% -19.64%
% of Gross Profit 68.13% 74.26%
Operating Expenses $70.10M $70.10M
YoY Change 30.3% -17.24%
Operating Profit $13.90M -$3.300M
YoY Change -104.13% -89.07%
Interest Expense -$64.70M -$63.00M
YoY Change 60.95% 64.49%
% of Operating Profit -465.47%
Other Income/Expense, Net $3.300M -$3.800M
YoY Change 13.79% -231.03%
Pretax Income -$47.50M -$70.10M
YoY Change -87.3% 6.86%
Income Tax $20.30M $5.400M
% Of Pretax Income
Net Earnings -$67.80M -$75.50M
YoY Change -80.57% 54.4%
Net Earnings / Revenue -7.37% -8.35%
Basic Earnings Per Share -$1.92 -$2.14
Diluted Earnings Per Share -$1.92 -$2.14
COMMON SHARES
Basic Shares Outstanding 35.29M 35.26M
Diluted Shares Outstanding 35.30M 35.30M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $105.6M $166.4M
YoY Change -60.82% -23.35%
Cash & Equivalents $105.6M $166.4M
Short-Term Investments
Other Short-Term Assets $36.00M $42.60M
YoY Change 7.14% 24.93%
Inventory $410.4M $431.2M
Prepaid Expenses
Receivables $541.9M $556.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.094B $1.197B
YoY Change -17.39% -13.05%
LONG-TERM ASSETS
Property, Plant & Equipment $667.0M $684.9M
YoY Change -8.89% -9.16%
Goodwill $61.70M $62.30M
YoY Change -1.28% -84.96%
Intangibles
YoY Change
Long-Term Investments $269.0M $258.4M
YoY Change 5.41% 2.26%
Other Assets $110.3M $118.8M
YoY Change -54.44% -35.75%
Total Long-Term Assets $1.754B $1.793B
YoY Change -13.64% -24.21%
TOTAL ASSETS
Total Short-Term Assets $1.094B $1.197B
Total Long-Term Assets $1.754B $1.793B
Total Assets $2.848B $2.989B
YoY Change -15.12% -20.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $425.8M $478.9M
YoY Change -2.0% 5.35%
Accrued Expenses $205.7M $218.2M
YoY Change 0.44% -10.54%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $22.80M $21.10M
YoY Change 23.24% 27.11%
Total Short-Term Liabilities $662.1M $732.0M
YoY Change -4.76% 1.98%
LONG-TERM LIABILITIES
Long-Term Debt $2.276B $2.277B
YoY Change -0.99% -1.01%
Other Long-Term Liabilities $237.5M $240.0M
YoY Change -0.79% 1.39%
Total Long-Term Liabilities $2.600B $2.605B
YoY Change -1.48% -1.59%
TOTAL LIABILITIES
Total Short-Term Liabilities $662.1M $732.0M
Total Long-Term Liabilities $2.600B $2.605B
Total Liabilities $3.262B $3.337B
YoY Change -2.17% -0.83%
SHAREHOLDERS EQUITY
Retained Earnings -$586.9M -$518.8M
YoY Change 322.53% -346.58%
Common Stock $510.5M $508.2M
YoY Change 2.67% 2.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$413.8M -$348.0M
YoY Change
Total Liabilities & Shareholders Equity $2.848B $2.989B
YoY Change -15.12% -20.1%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income -$67.80M -$75.50M
YoY Change -80.57% 54.4%
Depreciation, Depletion And Amortization $46.60M $45.00M
YoY Change -11.24% -19.64%
Cash From Operating Activities -$41.90M -$66.20M
YoY Change -174.16% -245.81%
INVESTING ACTIVITIES
Capital Expenditures $14.20M $15.70M
YoY Change 2.9% -27.98%
Acquisitions
YoY Change
Other Investing Activities $3.500M $4.700M
YoY Change -84.3%
Cash From Investing Activities -$10.70M -$11.00M
YoY Change -225.88% -49.54%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -10.60M -9.200M
YoY Change -5.36% -55.12%
NET CHANGE
Cash From Operating Activities -41.90M -66.20M
Cash From Investing Activities -10.70M -11.00M
Cash From Financing Activities -10.60M -9.200M
Net Change In Cash -63.20M -89.60M
YoY Change -217.47% -1759.26%
FREE CASH FLOW
Cash From Operating Activities -$41.90M -$66.20M
Capital Expenditures $14.20M $15.70M
Free Cash Flow -$56.10M -$81.90M
YoY Change -231.38% -447.03%

Facts In Submission

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tse-20240331x10q.htm Edgar Link pending
tse-20240331xex10d3.htm Edgar Link pending
tse-20240331xex10d4.htm Edgar Link pending
tse-20240331xex10d5.htm Edgar Link pending
tse-20240331xex10d6.htm Edgar Link pending
tse-20240331xex10d7.htm Edgar Link pending
tse-20240331xex31d1.htm Edgar Link pending
tse-20240331xex31d2.htm Edgar Link pending
tse-20240331xex32d1.htm Edgar Link pending
tse-20240331xex32d2.htm Edgar Link pending
tse-20240331_cal.xml Edgar Link unprocessable
tse-20240331_def.xml Edgar Link unprocessable
tse-20240331_lab.xml Edgar Link unprocessable
tse-20240331_pre.xml Edgar Link unprocessable
tse-20240331x10q_htm.xml Edgar Link completed