Valvoline Inc. (VVV) Financial Statements (2024 and earlier)

Company Profile

Business Address 100 VALVOLINE WAY
LEXINGTON, KY 40509
State of Incorp.
Fiscal Year End September 30
Industry (SIC) 299 - Miscellaneous Products Of Petroleum And Coal (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2024
MRQ
12/31/2023
MRQ
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments54075723230760159
Cash and cash equivalents42140923230760159
Short-term investments 120348    
Receivables848166496433407
Inventory, net of allowances, customer advances and progress billings323329258199194
Inventory323329258199194
Disposal group, including discontinued operation   1,464   
Other undisclosed current assets556638534637
Total current assets:7119371,6211,0371,438797
Noncurrent Assets
Operating lease, right-of-use asset273267248307261 
Property, plant and equipment842    498
Long-term investments and receivables    474434
Long-term investments    474434
Intangible assets, net (including goodwill)686681663775529504
Goodwill  578548644445430
Intangible assets, net (excluding goodwill)  1031151318474
Other undisclosed intangible assets, net (including goodwill)686     
Deferred income tax assets   621434123
Other noncurrent assets199188154194132108
Other undisclosed noncurrent assets  818669817613 
Total noncurrent assets:1,9991,9531,7962,1541,6131,267
TOTAL ASSETS:2,7092,8903,4173,1913,0512,064
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities294335218552444408
Accounts payable7711945246189171
Accrued liabilities216216173306255237
Debt242417317 15
Other undisclosed current liabilities  4529   
Total current liabilities:317362919569444423
Noncurrent Liabilities
Long-term debt and lease obligation1,5571,5621,7541,9511,9621,327
Long-term debt, excluding current maturities1,5571,5621,5251,6771,9621,327
Liabilities, other than long-term debt770762437536490572
Deferred income tax liabilities    26  
Liability, pension and other postretirement and postemployment benefits170168199258317387
Other liabilities347347237252173185
Operating lease, liability254247229274  
Other undisclosed noncurrent liabilities     231 
Total noncurrent liabilities:2,3272,3242,1912,4872,6831,899
Total liabilities:2,6452,6873,1103,0563,1272,322
Equity
Equity, attributable to parent65203307135(76)(258)
Common stock112222
Additional paid in capital464844352413
Accumulated other comprehensive income (loss)1713(21)8811
Retained earnings (accumulated deficit)(0)14128290(110)(284)
Total equity:65203307135(76)(258)
TOTAL LIABILITIES AND EQUITY:2,7092,8903,4173,1913,0512,064

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

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Revenues1,4841,4441,2362,9812,3532,390
Cost of revenue
(Cost of Goods and Services Sold)
(924)(899)(760)(2,001)(1,490)(1,580)
Gross profit:561545476980863810
Operating expenses(273)(265)(245)(520)(442)(449)
Other operating income, net7 9443440
Other undisclosed operating income (loss)(13)(33)(21)2430(3)
Operating income:281247220528485398
Nonoperating income (expense)4628(7)12659(60)
Investment income, nonoperating(9)     
Net periodic defined benefits expense (reversal of expense), excluding service cost component(11)28(7)12659(60)
Interest and debt expense (13)(38)(69)(111)(93)(73)
Other undisclosed loss from continuing operations before equity method investments, income taxes(38)     
Income from continuing operations before equity method investments, income taxes:275237144543451265
Income from equity method investments    151212
Other undisclosed loss from continuing operations before income taxes    (15)(12)(12)
Income from continuing operations before income taxes:275237144543451265
Income tax expense(69)(37)(35)(123)(134)(57)
Income from continuing operations:206199109420317208
Income before gain (loss) on sale of properties:109420317208
Net income:206199109420317208
Other undisclosed net income (loss) attributable to parent1,1631,220315   
Net income available to common stockholders, diluted:1,3701,420424420317208

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
TTM
9/30/2023
9/30/2022
9/30/2021
9/30/2020
9/30/2019
Net income:206199109420317208
Comprehensive income:206199109420317208
Other undisclosed comprehensive income (loss), net of tax, attributable to parent1,1891,255286 (3)(21)
Comprehensive income, net of tax, attributable to parent:1,3951,454396420314187

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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