Ingevity Corporation (NGVT) Financial Statements (2024 and earlier)

Company Profile

Business Address 4920 O'HEAR AVENUE
NORTH CHARLESTON, SC 29405
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 28 - Chemicals And Allied Products (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments76,700275,400257,70056,50080,50089,700
Cash and cash equivalents76,700275,400257,70056,50077,50087,900
Short-term investments     3,0001,800
Restricted cash and investments 6006007008,100  
Receivables4,900600151,600154,500122,300102,400
Inventory, net of allowances, customer advances and progress billings335,000241,200189,000212,500191,400160,000
Inventory335,000241,200189,000212,500191,400160,000
Prepaid expense 2,7002,2001,7001,3001,100800
Derivative instruments and hedges, assets 6,4005,3005,7006,2005,100 
Other current assets 7,6006,5006,1006,5006,4005,500
Other undisclosed current assets245,100193,10016,20017,60015,90010,300
Total current assets:679,000724,900628,700463,200422,700368,700
Noncurrent Assets
Operating lease, right-of-use asset56,60052,40049,10053,400
Property, plant and equipment798,600719,700703,600664,700523,800438,500
Intangible assets, net (including goodwill)923,300779,600818,600832,600256,30017,300
Goodwill518,500442,000445,300436,400130,70012,400
Intangible assets, net (excluding goodwill)404,800337,600373,300396,200125,6004,900
Deferred income tax assets5,7006,8008,1005,000
Other noncurrent assets85,500109,50052,80050,20038,30030,400
Other undisclosed noncurrent assets187,80076,10073,60072,60074,10074,700
Total noncurrent assets:2,057,5001,744,1001,705,8001,678,500892,500560,900
TOTAL ASSETS:2,736,5002,469,0002,334,5002,141,7001,315,200929,600
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities229,200231,900181,200175,900172,100143,800
Taxes payable6,2005,30015,3005001,500
Employee-related liabilities48,20025,10028,20042,00039,200
Accounts payable174,800125,800104,20099,10092,90083,100
Accrued liabilities54,40051,70046,60033,30036,70020,000
Debt1,80020,40026,70039,60011,2009,400
Other undisclosed current liabilities72,50016,60015,500   
Total current liabilities:303,500268,900223,400215,500183,300153,200
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,472,5001,250,0001,267,4001,228,400741,200444,000
Finance lease, liability 101,000101,600102,40080,000
Other undisclosed long-term debt and lease obligation1,371,5001,112,2001,130,3001,111,700741,200444,000
Liabilities, other than long-term debt262,200240,100166,900130,30052,00013,200
Deferred tax liabilities, net36,900 
Deferred income tax liabilities106,500114,600117,000100,300
Other liabilities114,900125,50049,90030,00015,10013,200
Operating lease, liability40,80036,20034,70036,700
Other undisclosed noncurrent liabilities  36,20034,70036,700 41,300
Total noncurrent liabilities:1,734,7001,526,3001,469,0001,395,400793,200498,500
Total liabilities:2,038,2001,795,2001,692,4001,610,900976,500651,700
Equity
Equity, attributable to parent698,300673,800642,100530,800338,700263,900
Common stock400400400400400400
Treasury stock, value(416,000)(272,100)(162,300)(74,600)(55,800)(7,700)
Additional paid in capital153,000136,300121,300112,80098,300140,100
Accumulated other comprehensive income (loss)(46,800)13,1004,700(5,000)(17,700)(11,700)
Retained earnings1,007,700796,100678,000497,200313,500142,800
Equity, attributable to noncontrolling interest      14,000
Total equity:698,300673,800642,100530,800338,700277,900
TOTAL LIABILITIES AND EQUITY:2,736,5002,469,0002,334,5002,141,7001,315,200929,600

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,668,3001,391,5001,216,1001,292,9001,133,600972,400
Revenue, net972,400
Cost of revenue
(Cost of Goods and Services Sold)
(1,098,200)(878,700)(750,600)(810,900)(716,800)(643,400)
Gross profit:570,100512,800465,500482,000416,800329,000
Operating expenses(267,700)(324,500)(218,000)(238,000)(183,400)(139,400)
Other operating expense, net
(Other Expenses)
     (100) 
Other undisclosed operating income   150,400152,900  
Operating income:302,400188,300397,900396,900233,300189,600
Nonoperating income (expense)9,200(75,900)9,00012,000(1,000)(500)
Investment income, nonoperating 7,5004,0004,9007,700  
Other nonoperating income (expense)1,700(79,900)4,1004,300(1,000)(500)
Interest and debt expense (61,800)(51,700)(47,100)(54,600)(33,200)(18,100)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (124,700)(126,400)  
Income from continuing operations before equity method investments, income taxes:249,80060,700235,100227,900199,100171,000
Other undisclosed income (loss) from continuing operations before income taxes19,800102,100  22,7003,800
Income from continuing operations before income taxes:269,600162,800235,100227,900221,800174,800
Income tax expense(58,000)(44,700)(53,700)(44,200)(40,000)(29,600)
Income from continuing operations:211,600118,100181,400183,700181,800145,200
Income before gain (loss) on sale of properties:118,100181,400183,700181,800145,200
Net income:211,600118,100181,400183,700181,800145,200
Net loss attributable to noncontrolling interest     (12,700)(18,700)
Net income available to common stockholders, diluted:211,600118,100181,400183,700169,100126,500

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:211,600118,100181,400183,700181,800145,200
Other comprehensive income (loss)(59,900)8,4009,70012,700(6,000)7,600
Comprehensive income:151,700126,500191,100196,400175,800152,800
Comprehensive loss, net of tax, attributable to noncontrolling interest     (12,700)(18,700)
Comprehensive income, net of tax, attributable to parent:151,700126,500191,100196,400163,100134,100

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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