$VVV
VALVOLINE INC

2016 Q4 Form 10-Q Financial Statement

#000167491017000005 Filed on February 13, 2017

View on sec.gov

Income Statement

Concept 2016 Q4 2015 Q4
Revenue $489.0M $456.0M
YoY Change 7.24%
Cost Of Revenue $304.0M $280.0M
YoY Change 8.57%
Gross Profit $185.0M $176.0M
YoY Change 5.11%
Gross Profit Margin 37.83% 38.6%
Selling, General & Admin $95.00M $87.00M
YoY Change 9.2%
% of Gross Profit 51.35% 49.43%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $9.000M $9.000M
YoY Change 0.0%
% of Gross Profit 4.86% 5.11%
Operating Expenses $95.00M $87.00M
YoY Change 9.2%
Operating Profit $94.00M $96.00M
YoY Change -2.08%
Interest Expense -$10.00M $5.000M
YoY Change -300.0%
% of Operating Profit -10.64% 5.21%
Other Income/Expense, Net $36.00M
YoY Change
Pretax Income $110.0M $96.00M
YoY Change 14.58%
Income Tax $38.00M $31.00M
% Of Pretax Income 34.55% 32.29%
Net Earnings $72.00M $65.00M
YoY Change 10.77%
Net Earnings / Revenue 14.72% 14.25%
Basic Earnings Per Share $0.35 $0.38
Diluted Earnings Per Share $0.35 $0.38
COMMON SHARES
Basic Shares Outstanding 205.0M shares 205.0M shares
Diluted Shares Outstanding 205.0M shares 205.0M shares

Balance Sheet

Concept 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $236.0M
YoY Change
Cash & Equivalents $236.0M $0.00
Short-Term Investments
Other Short-Term Assets $29.00M
YoY Change
Inventory $141.0M
Prepaid Expenses
Receivables $353.0M
Other Receivables $0.00
Total Short-Term Assets $759.0M
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $331.0M
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $30.00M
YoY Change
Other Assets $89.00M
YoY Change
Total Long-Term Assets $1.106B
YoY Change
TOTAL ASSETS
Total Short-Term Assets $759.0M
Total Long-Term Assets $1.106B
Total Assets $1.865B
YoY Change
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $146.0M
YoY Change
Accrued Expenses $257.0M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $75.00M
YoY Change
Long-Term Debt Due $15.00M
YoY Change
Total Short-Term Liabilities $493.0M
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt $650.0M
YoY Change
Other Long-Term Liabilities $152.0M
YoY Change
Total Long-Term Liabilities $1.658B
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $493.0M
Total Long-Term Liabilities $1.658B
Total Liabilities $2.151B
YoY Change
SHAREHOLDERS EQUITY
Retained Earnings $62.00M
YoY Change
Common Stock $2.000M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$286.0M
YoY Change
Total Liabilities & Shareholders Equity $1.865B
YoY Change

Cashflow Statement

Concept 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income $72.00M $65.00M
YoY Change 10.77%
Depreciation, Depletion And Amortization $9.000M $9.000M
YoY Change 0.0%
Cash From Operating Activities $88.00M $40.00M
YoY Change 120.0%
INVESTING ACTIVITIES
Capital Expenditures $9.000M $5.000M
YoY Change 80.0%
Acquisitions $0.00 $4.000M
YoY Change -100.0%
Other Investing Activities $1.000M $0.00
YoY Change
Cash From Investing Activities -$10.00M -$9.000M
YoY Change 11.11%
FINANCING ACTIVITIES
Cash Dividend Paid $10.00M $0.00
YoY Change
Common Stock Issuance & Retirement, Net $0.00
YoY Change
Debt Paid & Issued, Net $79.00M $0.00
YoY Change
Cash From Financing Activities -$16.00M -$31.00M
YoY Change -48.39%
NET CHANGE
Cash From Operating Activities $88.00M $40.00M
Cash From Investing Activities -$10.00M -$9.000M
Cash From Financing Activities -$16.00M -$31.00M
Net Change In Cash $62.00M $0.00
YoY Change
FREE CASH FLOW
Cash From Operating Activities $88.00M $40.00M
Capital Expenditures $9.000M $5.000M
Free Cash Flow $79.00M $35.00M
YoY Change 125.71%

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CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2016Q4 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
75000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
727000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
739000000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
324000000 USD
CY2016Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
331000000 USD
CY2015Q4 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
21000000 USD
CY2016Q4 us-gaap Related Party Transaction Selling General And Administrative Expenses From Transactions With Related Party
RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty
0 USD
CY2015Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2016Q4 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
79000000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
0 USD
CY2016Q4 us-gaap Revenues
Revenues
489000000 USD
CY2015Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
87000000 USD
CY2016Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
0 USD
CY2016Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
75000000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
-330000000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
-286000000 USD
CY2016Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
95000000 USD
CY2015Q4 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2016Q4 us-gaap Share Based Compensation
ShareBasedCompensation
1000000 USD
CY2016Q4 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1000000 USD
CY2015Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205000000 shares
CY2016Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
62000000 USD
CY2015Q4 us-gaap Revenues
Revenues
456000000 USD
CY2016Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
205000000 shares
CY2015Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
205000000 shares
CY2016Q4 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
205000000 shares
CY2015Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205000000 shares
CY2016Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
205000000 shares
CY2016Q3 vvv Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Netand Other Longterm Debt
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetandOtherLongtermDebt
7000000 USD
CY2016Q4 vvv Debt Instrument Unamortized Discount Premiumand Debt Issuance Costs Netand Other Longterm Debt
DebtInstrumentUnamortizedDiscountPremiumandDebtIssuanceCostsNetandOtherLongtermDebt
6000000 USD
CY2015Q4 vvv Defined Benefit Plan Recognized Net Gain Lossand Non Service Income
DefinedBenefitPlanRecognizedNetGainLossandNonServiceIncome
2000000 USD
CY2016Q4 vvv Defined Benefit Plan Recognized Net Gain Lossand Non Service Income
DefinedBenefitPlanRecognizedNetGainLossandNonServiceIncome
26000000 USD
CY2015Q4 vvv Depreciation Depletionand Amortization Excluding Amortizationof Debt Issuance Costs
DepreciationDepletionandAmortizationExcludingAmortizationofDebtIssuanceCosts
9000000 USD
CY2016Q4 vvv Depreciation Depletionand Amortization Excluding Amortizationof Debt Issuance Costs
DepreciationDepletionandAmortizationExcludingAmortizationofDebtIssuanceCosts
9000000 USD
CY2015Q4 vvv Net Transfers Of Cash From To Parent
NetTransfersOfCashFromToParent
31000000 USD
CY2016Q4 vvv Net Transfers Of Cash From To Parent
NetTransfersOfCashFromToParent
2000000 USD
CY2016Q4 vvv Numberof Nonemployee Directors
NumberofNonemployeeDirectors
6 director
CY2015Q4 vvv Separation Costs
SeparationCosts
0 USD
CY2016Q4 vvv Separation Costs
SeparationCosts
6000000 USD
CY2016Q3 vvv Stockholders Equity Prior Ownership Parent Investment
StockholdersEquityPriorOwnershipParentInvestment
-1039000000 USD
CY2016Q4 vvv Stockholders Equity Prior Ownership Parent Investment
StockholdersEquityPriorOwnershipParentInvestment
-1052000000 USD

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0001674910-17-000005.txt Edgar Link pending
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exhibit101-supplementtosch.htm Edgar Link pending
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vvv-20161231.xml Edgar Link completed
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