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 investments15223076015996201
Cash and cash equivalents15223076015996201
Receivables530496433407415385
Inventory, net of allowances, customer advances and progress billings264258199194176175
Inventory264258199194176175
Other current assets     29
Other undisclosed current assets5553463738 
Total current assets:1,0011,0371,438797725790
Noncurrent Assets
Operating lease, right-of-use asset309307261 
Property, plant and equipment824  498420391
Long-term investments and receivables504744343130
Long-term investments504744343130
Intangible assets, net (including goodwill)782775529504448335
Goodwill 644445430381330
Intangible assets, net (excluding goodwill) 1318474675
Other undisclosed intangible assets, net (including goodwill)782     
Deferred income tax assets131434123
Other noncurrent assets2041941321089288
Other undisclosed noncurrent assets 817613 138281
Total noncurrent assets:2,1822,1541,6131,2671,1291,125
TOTAL ASSETS:3,1833,1913,0512,0641,8541,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities509552444408381388
Accounts payable218246189171178192
Accrued liabilities291306255237203196
Debt3217 153090
Total current liabilities:541569444423411478
Noncurrent Liabilities
Long-term debt and lease obligation1,9381,9511,9621,3271,2921,034
Long-term debt, excluding current maturities1,6621,6771,9621,3271,2921,034
Operating lease, liability276274  
Liabilities, other than long-term debt537536490572509520
Deferred income tax liabilities3426  
Liability, pension and other postretirement and postemployment benefits248258317387333342
Other liabilities255252173185176178
Other undisclosed noncurrent liabilities  231   
Total noncurrent liabilities:2,4752,4872,6831,8991,8011,554
Total liabilities:3,0163,0563,1272,3222,2122,032
Stockholders' equity
Stockholders' equity attributable to parent167135(76)(258)(358)(117)
Common stock222222
Additional paid in capital3335241375
Accumulated other comprehensive income988113243
Retained earnings (accumulated deficit)12390(110)(284)(399)(167)
Total stockholders' equity:167135(76)(258)(358)(117)
TOTAL LIABILITIES AND EQUITY:3,1833,1913,0512,0641,8541,915

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
Revenues3,1862,9812,3532,3902,2852,084
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:996980863810806778
Operating expenses(538)(520)(442)(449)(430)(375)
Other operating income, net4544344033 
Other undisclosed operating income (loss)222430(3)(14)129
Operating income:525528485398395532
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
12212659(60)  
Interest and debt expense(108)(111)(93)(73)(63)(42)
Income from continuing operations before equity method investments, income taxes:539543451265332490
Income from equity method investments 1512121412
Other undisclosed loss from continuing operations before income taxes (15)(12)(12)(14)(12)
Income from continuing operations before income taxes:539543451265332490
Income tax expense(119)(123)(134)(57)(166)(186)
Net income available to common stockholders, diluted:420420317208166304

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:420420317208166304
Other comprehensive loss    (11) 
Comprehensive income:420420317208155304
Other undisclosed comprehensive loss, net of tax, attributable to parent(15) (3)(21)(8)(1)
Comprehensive income, net of tax, attributable to parent:405420314187147303

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.

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