Avient Corporation (AVNT) Financial Statements (2024 and earlier)

Company Profile

Business Address 33587 WALKER ROAD
AVON LAKE, OH 44012
State of Incorp.
Fiscal Year End December 31
Industry (SIC) 2821 - Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments      171
Cash and cash equivalents      171
Receivables400441642517330413
Inventory, net of allowances, customer advances and progress billings347373461328261345
Inventory347373461328261345
Other current assets1151151221095870
Other undisclosed current assets546641601650865 
Total current assets:1,4081,5701,8271,6021,513999
Noncurrent Assets
Operating lease, right-of-use asset 6560748164
Property, plant and equipment1,0291,049676695407495
Intangible assets, net (including goodwill)3,3103,2702,2122,3171,1551,074
Goodwill1,7191,6721,2861,308686650
Intangible assets, net (excluding goodwill)1,5911,5989251,009469423
Other noncurrent assets157136208176134155
Total noncurrent assets:4,5614,5153,1703,2681,7601,725
TOTAL ASSETS:5,9696,0854,9974,8713,2732,723
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities748850908757663538
Accounts payable432454554472288399
Accrued liabilities315396354286375139
Debt1029193919
Other undisclosed current liabilities 17172425  
Total current liabilities:774869941801703558
Noncurrent Liabilities
Long-term debt and lease obligation2,0712,1771,9001,9101,2541,336
Long-term debt, excluding current maturities2,0712,1771,8501,8541,2111,336
Liabilities, other than long-term debt786686366448264165
Deferred income tax liabilities28234310114064
Liability, pension and other postretirement and postemployment benefits676710011557 
Other liabilities394236165193144165
Operating lease, liability 4341505643
Other undisclosed noncurrent liabilities      124
Total noncurrent liabilities:2,8572,8632,2662,3581,5181,625
Total liabilities:3,6313,7323,2073,1592,2212,183
Equity
Equity, attributable to parent2,3192,3351,7751,6971,052540
Common stock 111111
Treasury stock, value (933)(935)(901)(901)(1,043)(1,019)
Additional paid in capital 1,5301,5211,5121,5131,1751,167
Accumulated other comprehensive income (loss) (87)(76)(46)26(83)(82)
Retained earnings 1,8081,8241,2081,0571,001473
Other undisclosed equity, attributable to parent      
Equity, attributable to noncontrolling interest1918161511
Total equity:2,3382,3531,7911,7121,053541
TOTAL LIABILITIES AND EQUITY:5,9696,0854,9974,8713,2732,723

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues3,1433,3974,8193,2422,8633,533
Cost of revenue
(Cost of Goods and Services Sold)
(2,250)(2,514)(3,719)(2,458)(2,206)(2,789)
Gross profit:8938831,100784657745
Operating expenses(696)(639)(718)(595)(500)(471)
Operating income:197243381189157274
Nonoperating income (expense)6(60)(1)2412(13)
Interest and debt expense (2)(10)(73)(71)(67)(1)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (4)  
Income from continuing operations before equity method investments, income taxes:201174307139102260
Other undisclosed income (loss) from continuing operations before income taxes(113)(110)(3) 8(63)
Income from continuing operations before income taxes:8764305139109197
Income tax expense (benefit)(11)19(74)(5)(34)(36)
Income from continuing operations:768323113476161
Income before gain (loss) on sale of properties:23113476161
Other undisclosed net income (loss)(0)620 (0)513(1)
Net income:76703231133589160
Net income (loss) attributable to noncontrolling interest(1)(0)0(2)(0)0
Net income available to common stockholders, diluted:76703231132589160

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:76703231133589160
Other comprehensive income (loss)(12)(30)(72)109(0)(29)
Comprehensive income:65673159242589130
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)(0)0(2)(0)0
Comprehensive income, net of tax, attributable to parent:64673159241588131

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.

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