Valspar Corp Financial Statements (2025 and earlier)
Company Profile
| Business Address |
1101 SOUTH 3RD STREET MINNEAPOLIS, MN 55415 |
| State of Incorp. | DE |
| Fiscal Year End | October 31 |
| Industry (SIC) | 2851 - Paints, Varnishes, Lacquers, Enamels, and Allied Products (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 4/30/2017 MRQ | 10/31/2016 | 10/31/2015 | 10/31/2014 | 10/31/2013 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 175 | 186 | 128 | 216 | |||
| Cash and cash equivalent | 175 | 186 | 128 | 216 | |||
| Restricted cash and investments | 1 | 1 | 3 | ||||
| Receivables | 815 | 857 | 840 | 771 | |||
| Inventory, net of allowances, customer advances and progress billings | 473 | 452 | 486 | 439 | |||
| Inventory | 473 | 452 | 486 | 439 | |||
| Other undisclosed current assets | 132 | 135 | 119 | 154 | |||
| Total current assets: | 1,596 | 1,631 | 1,577 | 1,580 | |||
| Noncurrent Assets | |||||||
| Property, plant and equipment | 668 | 633 | 645 | 633 | |||
| Intangible assets, net (including goodwill) | 1,910 | 1,931 | 1,718 | 1,754 | |||
| Goodwill | 1,285 | 1,288 | 1,126 | 1,145 | |||
| Intangible assets, net (excluding goodwill) | 625 | 643 | 593 | 609 | |||
| Other noncurrent assets | 119 | 113 | 83 | 49 | |||
| Other undisclosed noncurrent assets | 21 | 11 | 10 | 9 | |||
| Total noncurrent assets: | 2,718 | 2,687 | 2,457 | 2,445 | |||
| TOTAL ASSETS: | 4,315 | 4,319 | 4,034 | 4,026 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 1,044 | 780 | 861 | 746 | |||
| Interest and dividends payable | 21 | ||||||
| Taxes payable | 28 | 36 | 26 | 5 | |||
| Employee-related liabilities | 150 | 169 | 122 | ||||
| Accounts payable | 553 | 554 | 601 | 619 | |||
| Accrued liabilities | 463 | 41 | 45 | ||||
| Debt | 221 | 334 | 606 | 441 | |||
| Derivative instruments and hedges, liabilities | 1 | ||||||
| Restructuring reserve | 12 | 14 | ✕ | ||||
| Other liabilities | 443 | 471 | 416 | ||||
| Deferred tax liabilities | 2 | 5 | 3 | ||||
| Other undisclosed current liabilities | (204) | (253) | (126) | ||||
| Total current liabilities: | 1,266 | 1,367 | 1,704 | 1,481 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 1,557 | 1,714 | 950 | 1,037 | |||
| Long-term debt, excluding current maturities | 1,557 | 1,707 | 950 | 1,037 | |||
| Capital lease obligations | 7 | ||||||
| Liabilities, other than long-term debt | 378 | 390 | 368 | 385 | |||
| Deferred tax liabilities, net | 192 | 241 | 219 | 242 | |||
| Other liabilities | 187 | 149 | 149 | 143 | |||
| Other undisclosed noncurrent liabilities | (7) | ||||||
| Total noncurrent liabilities: | 1,935 | 2,097 | 1,318 | 1,422 | |||
| Total liabilities: | 3,201 | 3,464 | 3,023 | 2,903 | |||
| Equity | |||||||
| Equity, attributable to parent | 1,113 | 855 | 1,011 | 1,123 | |||
| Common stock | 59 | 59 | 59 | 59 | |||
| Treasury stock, value | (1,683) | (1,692) | (1,394) | (1,084) | |||
| Additional paid in capital | 496 | 474 | 458 | 445 | |||
| Accumulated other comprehensive income (loss) | (217) | (195) | (20) | 53 | |||
| Retained earnings | 2,458 | 2,210 | 1,907 | 1,649 | |||
| Total equity: | 1,113 | 855 | 1,011 | 1,123 | |||
| TOTAL LIABILITIES AND EQUITY: | 4,315 | 4,319 | 4,034 | 4,026 | |||
Income Statement (P&L) ($ in millions)
| 4/30/2017 TTM | 10/31/2016 | 10/31/2015 | 10/31/2014 | 10/31/2013 | ||
|---|---|---|---|---|---|---|
| Revenues (Revenue, Net) | 4,191 | 4,393 | 4,522 | 4,104 | ||
| Cost of revenue (Cost of Product and Service Sold) | (2,655) | (2,823) | (2,955) | (2,723) | ||
| Other undisclosed gross profit | (18) | (28) | (22) | |||
| Gross profit: | 1,536 | 1,551 | 1,539 | 1,358 | ||
| Operating expenses | (1,007) | (951) | (979) | (866) | ||
| Other undisclosed operating income | 48 | |||||
| Operating income: | 529 | 648 | 560 | 492 | ||
| Nonoperating expense | (4) | (3) | (3) | (4) | ||
| Interest and debt expense | (91) | (81) | (65) | (65) | ||
| Income from continuing operations before income taxes: | 435 | 564 | 492 | 424 | ||
| Income tax expense | (81) | (164) | (146) | (135) | ||
| Income from continuing operations: | 353 | 400 | 345 | 289 | ||
| Income before gain (loss) on sale of properties: | 353 | 400 | 345 | 289 | ||
| Net income available to common stockholders, diluted: | 353 | 400 | 345 | 289 | ||
Comprehensive Income ($ in millions)
| 4/30/2017 TTM | 10/31/2016 | 10/31/2015 | 10/31/2014 | 10/31/2013 | ||
|---|---|---|---|---|---|---|
| Net income: | 353 | 400 | 345 | 289 | ||
| Other comprehensive loss | (22) | (176) | (73) | |||
| Comprehensive income: | 331 | 224 | 272 | 289 | ||
| Other undisclosed comprehensive income, net of tax, attributable to parent | 3 | |||||
| Comprehensive income, net of tax, attributable to parent: | 331 | 224 | 272 | 292 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.