$VNT
Vontier Corp

2022 Q2 Form 10-Q Financial Statement

#000178684222000030 Filed on May 06, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2021 Q2
Revenue $748.1M $707.4M
YoY Change 5.75% 32.55%
Cost Of Revenue $412.8M $395.6M
YoY Change 4.35% 30.69%
Gross Profit $335.3M $311.8M
YoY Change 7.54% 34.98%
Gross Profit Margin 44.82% 44.08%
Selling, General & Admin $166.0M $145.7M
YoY Change 13.93% 30.32%
% of Gross Profit 49.51% 46.73%
Research & Development $34.50M $33.20M
YoY Change 3.92% 13.7%
% of Gross Profit 10.29% 10.65%
Depreciation & Amortization $29.10M $19.80M
YoY Change 46.97% -49.1%
% of Gross Profit 8.68% 6.35%
Operating Expenses $200.5M $178.9M
YoY Change 12.07% 26.88%
Operating Profit $134.8M $132.9M
YoY Change 1.43% 47.67%
Interest Expense -$12.90M -$10.40M
YoY Change 24.04% 5100.0%
% of Operating Profit -9.57% -7.83%
Other Income/Expense, Net -$100.0K -$200.0K
YoY Change -50.0% 0.0%
Pretax Income $317.5M $119.1M
YoY Change 166.58% 32.92%
Income Tax $67.30M $28.10M
% Of Pretax Income 21.2% 23.59%
Net Earnings $250.2M $91.00M
YoY Change 174.95% 33.04%
Net Earnings / Revenue 33.44% 12.86%
Basic Earnings Per Share $1.51 $0.54
Diluted Earnings Per Share $1.50 $0.54
COMMON SHARES
Basic Shares Outstanding 165.9M shares 168.7M shares
Diluted Shares Outstanding 166.5M shares 169.7M shares

Balance Sheet

Concept 2022 Q2 2021 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $360.2M $670.3M
YoY Change -46.26%
Cash & Equivalents $145.1M $670.3M
Short-Term Investments $215.1M
Other Short-Term Assets $137.3M $111.7M
YoY Change 22.92% 7.51%
Inventory $325.4M $242.7M
Prepaid Expenses
Receivables $434.2M $386.5M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.257B $1.411B
YoY Change -10.92% 96.96%
LONG-TERM ASSETS
Property, Plant & Equipment $100.6M $98.10M
YoY Change 2.55% -23.42%
Goodwill $1.800B $1.100B
YoY Change 63.64%
Intangibles $696.5M $241.1M
YoY Change 188.88%
Long-Term Investments $56.60M
YoY Change 15.51%
Other Assets $147.3M $178.0M
YoY Change -17.25% 59.78%
Total Long-Term Assets $3.043B $1.873B
YoY Change 62.48% 1.29%
TOTAL ASSETS
Total Short-Term Assets $1.257B $1.411B
Total Long-Term Assets $3.043B $1.873B
Total Assets $4.300B $3.284B
YoY Change 30.94% 28.01%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $407.9M $375.1M
YoY Change 8.74% 30.38%
Accrued Expenses $423.1M $404.3M
YoY Change 4.65% 32.08%
Deferred Revenue $140.5M $96.80M
YoY Change 45.14%
Short-Term Debt $4.200M $6.900M
YoY Change -39.13% -47.73%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $848.3M $798.2M
YoY Change 6.28% 31.5%
LONG-TERM LIABILITIES
Long-Term Debt $2.585B $1.982B
YoY Change 30.41%
Other Long-Term Liabilities $280.1M $209.2M
YoY Change 33.89% -29.32%
Total Long-Term Liabilities $2.865B $2.191B
YoY Change 30.74% 640.2%
TOTAL LIABILITIES
Total Short-Term Liabilities $848.3M $798.2M
Total Long-Term Liabilities $2.865B $2.191B
Total Liabilities $3.713B $2.989B
YoY Change 24.21% 229.46%
SHAREHOLDERS EQUITY
Retained Earnings $582.9M $77.40M
YoY Change 653.1%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $207.0M
YoY Change
Treasury Stock Shares 8.452M shares
Shareholders Equity $548.2M $264.3M
YoY Change
Total Liabilities & Shareholders Equity $4.300B $3.284B
YoY Change 30.94% 28.01%

Cashflow Statement

Concept 2022 Q2 2021 Q2
OPERATING ACTIVITIES
Net Income $250.2M $91.00M
YoY Change 174.95% 33.04%
Depreciation, Depletion And Amortization $29.10M $19.80M
YoY Change 46.97% -49.1%
Cash From Operating Activities $41.30M $163.3M
YoY Change -74.71% -30.42%
INVESTING ACTIVITIES
Capital Expenditures $12.90M $11.00M
YoY Change 17.27% -178.57%
Acquisitions $184.9M $0.00
YoY Change
Other Investing Activities -$190.5M -$4.600M
YoY Change 4041.3% -50.0%
Cash From Investing Activities -$203.4M -$15.60M
YoY Change 1203.85% -32.76%
FINANCING ACTIVITIES
Cash Dividend Paid $4.000M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $257.0M $0.00
YoY Change
Debt Paid & Issued, Net $0.00 $1.400B
YoY Change -100.0%
Cash From Financing Activities -$263.6M $145.5M
YoY Change -281.17% -169.32%
NET CHANGE
Cash From Operating Activities $41.30M $163.3M
Cash From Investing Activities -$203.4M -$15.60M
Cash From Financing Activities -$263.6M $145.5M
Net Change In Cash -$427.5M $289.8M
YoY Change -247.52% 18012.5%
FREE CASH FLOW
Cash From Operating Activities $41.30M $163.3M
Capital Expenditures $12.90M $11.00M
Free Cash Flow $28.40M $152.3M
YoY Change -81.35% -38.76%

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