Valvoline Inc. (VVV) financial statements (2023 and earlier)
Company profile
| Business Address |
100 VALVOLINE WAY LEXINGTON, KY 40509 |
| State of Incorp. | |
| Fiscal Year End | September 30 |
| SIC | 299 - Miscellaneous Products Of Petroleum And Coal (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 152 | 230 | 760 | 159 | 96 | 201 | ||
| Cash and cash equivalents | 152 | 230 | 760 | 159 | 96 | 201 | ||
| Receivables | 530 | 496 | 433 | 407 | 415 | 385 | ||
| Inventory, net of allowances, customer advances and progress billings | 264 | 258 | 199 | 194 | 176 | 175 | ||
| Inventory | 264 | 258 | 199 | 194 | 176 | 175 | ||
| Other current assets | 29 | |||||||
| Other undisclosed current assets | 55 | 53 | 46 | 37 | 38 | |||
| Total current assets: | 1,001 | 1,037 | 1,438 | 797 | 725 | 790 | ||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 309 | 307 | 261 | ✕ | ✕ | |||
| Property, plant and equipment | 824 | 498 | 420 | 391 | ||||
| Long-term investments and receivables | 50 | 47 | 44 | 34 | 31 | 30 | ||
| Long-term investments | 50 | 47 | 44 | 34 | 31 | 30 | ||
| Intangible assets, net (including goodwill) | 782 | 775 | 529 | 504 | 448 | 335 | ||
| Goodwill | 644 | 445 | 430 | 381 | 330 | |||
| Intangible assets, net (excluding goodwill) | 131 | 84 | 74 | 67 | 5 | |||
| Other undisclosed intangible assets, net (including goodwill) | 782 | |||||||
| Deferred income tax assets | 13 | 14 | 34 | 123 | ✕ | ✕ | ||
| Other noncurrent assets | 204 | 194 | 132 | 108 | 92 | 88 | ||
| Other undisclosed noncurrent assets | 817 | 613 | 138 | 281 | ||||
| Total noncurrent assets: | 2,182 | 2,154 | 1,613 | 1,267 | 1,129 | 1,125 | ||
| TOTAL ASSETS: | 3,183 | 3,191 | 3,051 | 2,064 | 1,854 | 1,915 | ||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 509 | 552 | 444 | 408 | 381 | 388 | ||
| Accounts payable | 218 | 246 | 189 | 171 | 178 | 192 | ||
| Accrued liabilities | 291 | 306 | 255 | 237 | 203 | 196 | ||
| Debt | 32 | 17 | 15 | 30 | 90 | |||
| Total current liabilities: | 541 | 569 | 444 | 423 | 411 | 478 | ||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 1,938 | 1,951 | 1,962 | 1,327 | 1,292 | 1,034 | ||
| Long-term debt, excluding current maturities | 1,662 | 1,677 | 1,962 | 1,327 | 1,292 | 1,034 | ||
| Operating lease, liability | 276 | 274 | ✕ | ✕ | ||||
| Liabilities, other than long-term debt | 537 | 536 | 490 | 572 | 509 | 520 | ||
| Deferred income tax liabilities | 34 | 26 | ✕ | ✕ | ||||
| Liability, pension and other postretirement and postemployment benefits | 248 | 258 | 317 | 387 | 333 | 342 | ||
| Other liabilities | 255 | 252 | 173 | 185 | 176 | 178 | ||
| Other undisclosed noncurrent liabilities | 231 | |||||||
| Total noncurrent liabilities: | 2,475 | 2,487 | 2,683 | 1,899 | 1,801 | 1,554 | ||
| Total liabilities: | 3,016 | 3,056 | 3,127 | 2,322 | 2,212 | 2,032 | ||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent | 167 | 135 | (76) | (258) | (358) | (117) | ||
| Common stock | 2 | 2 | 2 | 2 | 2 | 2 | ||
| Additional paid in capital | 33 | 35 | 24 | 13 | 7 | 5 | ||
| Accumulated other comprehensive income | 9 | 8 | 8 | 11 | 32 | 43 | ||
| Retained earnings (accumulated deficit) | 123 | 90 | (110) | (284) | (399) | (167) | ||
| Total stockholders' equity: | 167 | 135 | (76) | (258) | (358) | (117) | ||
| TOTAL LIABILITIES AND EQUITY: | 3,183 | 3,191 | 3,051 | 2,064 | 1,854 | 1,915 | ||
Income statement (P&L) ($ in millions)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 3,186 | 2,981 | 2,353 | 2,390 | 2,285 | 2,084 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | (332) | |
| Cost of revenue | (2,190) | (2,001) | (1,490) | (1,580) | (1,479) | (1,306) | |
| Cost of goods and services sold | (2,190) | (2,001) | (1,490) | (1,580) | |||
| Gross profit: | 996 | 980 | 863 | 810 | 806 | 778 | |
| Operating expenses | (538) | (520) | (442) | (449) | (430) | (375) | |
| Other operating income, net | 45 | 44 | 34 | 40 | 33 | ||
| Other undisclosed operating income (loss) | 22 | 24 | 30 | (3) | (14) | 129 | |
| Operating income: | 525 | 528 | 485 | 398 | 395 | 532 | |
| Nonoperating income (expense) (Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component) | 122 | 126 | 59 | (60) | |||
| Interest and debt expense | (108) | (111) | (93) | (73) | (63) | (42) | |
| Income from continuing operations before equity method investments, income taxes: | 539 | 543 | 451 | 265 | 332 | 490 | |
| Income from equity method investments | 15 | 12 | 12 | 14 | 12 | ||
| Other undisclosed loss from continuing operations before income taxes | (15) | (12) | (12) | (14) | (12) | ||
| Income from continuing operations before income taxes: | 539 | 543 | 451 | 265 | 332 | 490 | |
| Income tax expense | (119) | (123) | (134) | (57) | (166) | (186) | |
| Net income available to common stockholders, diluted: | 420 | 420 | 317 | 208 | 166 | 304 | |
Comprehensive Income ($ in millions)
| 12/31/2021 TTM | 9/30/2021 | 9/30/2020 | 9/30/2019 | 9/30/2018 | 9/30/2017 | ||
|---|---|---|---|---|---|---|---|
| Net income: | 420 | 420 | 317 | 208 | 166 | 304 | |
| Other comprehensive loss | (11) | ||||||
| Comprehensive income: | 420 | 420 | 317 | 208 | 155 | 304 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (15) | (3) | (21) | (8) | (1) | ||
| Comprehensive income, net of tax, attributable to parent: | 405 | 420 | 314 | 187 | 147 | 303 | |
Statements sources
The financial statements are based on the company's filings with the 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.