$VVV
VALVOLINE INC

2019 Q3 Form 10-Q Financial Statement

#000167491019000105 Filed on August 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $629.0M $613.0M $577.0M
YoY Change 5.89% 6.24% 8.05%
Cost Of Revenue $412.0M $406.0M $376.0M
YoY Change 5.37% 7.98% 11.57%
Gross Profit $217.0M $207.0M $201.0M
YoY Change 6.9% 2.99% 2.03%
Gross Profit Margin 34.5% 33.77% 34.84%
Selling, General & Admin $115.0M $116.0M $110.0M
YoY Change 12.75% 5.45% 7.84%
% of Gross Profit 53.0% 56.04% 54.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.00M $15.00M $14.00M
YoY Change 20.0% 7.14% 16.67%
% of Gross Profit 8.29% 7.25% 6.97%
Operating Expenses $115.0M $116.0M $110.0M
YoY Change 12.75% 5.45% 7.84%
Operating Profit $113.0M $102.0M $102.0M
YoY Change 7.62% 0.0% 17.24%
Interest Expense -$18.00M -$19.00M -$15.00M
YoY Change 0.0% 26.67% 50.0%
% of Operating Profit -15.93% -18.63% -14.71%
Other Income/Expense, Net -$56.00M $13.00M $18.00M
YoY Change 115.38% -27.78% -18.18%
Pretax Income $28.00M $85.00M $97.00M
YoY Change -50.88% -12.37% 3.19%
Income Tax $5.000M $20.00M $3.000M
% Of Pretax Income 17.86% 23.53% 3.09%
Net Earnings $27.00M $65.00M $64.00M
YoY Change -40.0% 1.56% 14.29%
Net Earnings / Revenue 4.29% 10.6% 11.09%
Basic Earnings Per Share $0.14 $0.34 $0.33
Diluted Earnings Per Share $0.14 $0.34 $0.33
COMMON SHARES
Basic Shares Outstanding 188.2M shares 189.0M shares 195.0M shares
Diluted Shares Outstanding 189.0M shares 196.0M shares

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $159.0M $126.0M $107.0M
YoY Change 65.63% 17.76% -18.94%
Cash & Equivalents $159.0M $126.0M $107.0M
Short-Term Investments
Other Short-Term Assets $43.00M $52.00M $26.00M
YoY Change -2.27% 100.0% -18.75%
Inventory $194.0M $200.0M $196.0M
Prepaid Expenses
Receivables $401.0M $423.0M $461.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $797.0M $801.0M $790.0M
YoY Change 9.93% 1.39% 5.61%
LONG-TERM ASSETS
Property, Plant & Equipment $498.0M $455.0M $399.0M
YoY Change 18.57% 14.04% 8.13%
Goodwill $430.0M $415.0M $365.0M
YoY Change 12.86% 13.7% 10.94%
Intangibles
YoY Change
Long-Term Investments $34.00M $35.00M $33.00M
YoY Change 9.68% 6.06% 13.79%
Other Assets $108.0M $106.0M $82.00M
YoY Change 17.39% 29.27% -4.65%
Total Long-Term Assets $1.267B $1.199B $1.059B
YoY Change 12.22% 13.22% -12.62%
TOTAL ASSETS
Total Short-Term Assets $797.0M $801.0M $790.0M
Total Long-Term Assets $1.267B $1.199B $1.059B
Total Assets $2.064B $2.000B $1.849B
YoY Change 11.33% 8.17% -5.66%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $171.0M $163.0M $176.0M
YoY Change -3.93% -7.39% -10.2%
Accrued Expenses $237.0M $242.0M $223.0M
YoY Change 16.75% 8.52% -5.11%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $15.00M $7.000M $26.00M
YoY Change -50.0% -73.08% 73.33%
Total Short-Term Liabilities $423.0M $412.0M $425.0M
YoY Change 2.92% -3.06% -18.43%
LONG-TERM LIABILITIES
Long-Term Debt $1.327B $1.334B $1.231B
YoY Change 2.71% 8.37% 91.45%
Other Long-Term Liabilities $185.0M $184.0M $178.0M
YoY Change 5.11% 3.37% -4.3%
Total Long-Term Liabilities $1.899B $1.840B $1.712B
YoY Change 5.44% 7.48% 4.26%
TOTAL LIABILITIES
Total Short-Term Liabilities $423.0M $412.0M $425.0M
Total Long-Term Liabilities $1.899B $1.840B $1.712B
Total Liabilities $2.322B $2.252B $2.137B
YoY Change 4.97% 5.38% -1.2%
SHAREHOLDERS EQUITY
Retained Earnings -$284.0M -$291.0M -$323.0M
YoY Change -28.82% -9.91% 56.04%
Common Stock $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$258.0M -$252.0M -$288.0M
YoY Change
Total Liabilities & Shareholders Equity $2.064B $2.000B $1.849B
YoY Change 11.33% 8.17% -5.66%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $27.00M $65.00M $64.00M
YoY Change -40.0% 1.56% 14.29%
Depreciation, Depletion And Amortization $18.00M $15.00M $14.00M
YoY Change 20.0% 7.14% 16.67%
Cash From Operating Activities $111.0M $80.00M $73.00M
YoY Change -20.14% 9.59% -16.09%
INVESTING ACTIVITIES
Capital Expenditures -$35.00M -$25.00M -$21.00M
YoY Change -16.67% 19.05% 31.25%
Acquisitions
YoY Change
Other Investing Activities -$29.00M -$14.00M -$5.000M
YoY Change -46.3% 180.0% -70.59%
Cash From Investing Activities -$64.00M -$39.00M -$26.00M
YoY Change -33.33% 50.0% -21.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.00M -29.00M -62.00M
YoY Change -59.26% -53.23% 8.77%
NET CHANGE
Cash From Operating Activities 111.0M 80.00M 73.00M
Cash From Investing Activities -64.00M -39.00M -26.00M
Cash From Financing Activities -22.00M -29.00M -62.00M
Net Change In Cash 25.00M 12.00M -15.00M
YoY Change -327.27% -180.0% 400.0%
FREE CASH FLOW
Cash From Operating Activities $111.0M $80.00M $73.00M
Capital Expenditures -$35.00M -$25.00M -$21.00M
Free Cash Flow $146.0M $105.0M $94.00M
YoY Change -19.34% 11.7% -8.74%

Facts In Submission

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VALVOLINE INC
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