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 thousands)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments756,600950,8002,334,50021,00023,40098,000
Cash and cash equivalents409,100526,7002,334,50021,00023,40098,000
Short-term investments347,500424,100    
Receivables81,30071,90061,10056,90066,100583,000
Inventory, net of allowances, customer advances and progress billings33,30034,10033,50031,20029,400306,000
Inventory33,30034,10033,50031,20029,400306,000
Disposal group, including discontinued operation    1,553,6001,464,200 
Other undisclosed current assets65,50030,30029,00038,70038,00064,000
Total current assets:936,7001,087,1002,458,1001,701,4001,621,1001,051,000
Noncurrent Assets
Operating lease, right-of-use asset266,500264,300258,700253,500248,100321,000
Property, plant and equipment 761,600722,500693,300 874,000
Long-term investments and receivables      48,000
Long-term investments      48,000
Intangible assets, net (including goodwill), including:680,600678,000673,100668,200663,100804,000
Goodwill 578,000   548,200685,000
Intangible assets, net (excluding goodwill) 102,600   114,900 
Other undisclosed intangible assets, net (including goodwill) 678,000673,100668,200 119,000
Deferred income tax assets    82,20061,600 
Other noncurrent assets187,800194,500168,000152,900154,300250,000
Other undisclosed noncurrent assets 818,300   668,600 
Total noncurrent assets:1,953,2001,898,4001,822,3001,850,1001,795,7002,297,000
TOTAL ASSETS:2,889,9002,985,5004,280,4003,551,5003,416,8003,348,000
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities334,600382,200597,800221,800217,600580,000
Accounts payable118,70096,40085,80046,60045,000265,000
Accrued liabilities215,900285,800512,000175,200172,600315,000
Debt23,80023,70023,800224,500173,10061,000
Other undisclosed current liabilities 3,900  478,100528,700 
Total current liabilities:362,300405,900621,600924,400919,400641,000
Noncurrent Liabilities
Long-term debt and lease obligation1,562,3001,567,8001,573,4001,656,1001,754,3001,927,000
Long-term debt, excluding current maturities1,562,3001,567,8001,573,4001,656,1001,525,1001,639,000
Liabilities, other than long-term debt762,100726,400713,000681,700436,500554,000
Deferred income tax liabilities      58,000
Liability, pension and other postretirement and postemployment benefits168,000202,100201,000200,500199,400229,000
Other liabilities346,800279,300272,400246,700237,100267,000
Operating lease, liability247,300245,000239,600234,500229,200288,000
Total noncurrent liabilities:2,324,4002,294,2002,286,4002,337,8002,190,8002,481,000
Total liabilities:2,686,7002,700,1002,908,0003,262,2003,110,2003,122,000
Equity
Equity, attributable to parent203,200285,4001,372,400289,300306,600226,000
Common stock1,3001,4001,7001,7001,8002,000
Additional paid in capital48,00044,80042,60040,80044,10041,000
Accumulated other comprehensive income (loss)13,20017,00017,900(7,800)(21,300)(3,000)
Retained earnings (accumulated deficit)140,700222,2001,310,200254,600282,000186,000
Total equity:203,200285,4001,372,400289,300306,600226,000
TOTAL LIABILITIES AND EQUITY:2,889,9002,985,5004,280,4003,551,5003,416,8003,348,000

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

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Revenues390,000376,200344,500332,800(1,464,900)957,000
Cost of revenue
(Cost of Goods and Services Sold)
(241,700)(225,500)(217,800)(214,000)1,171,300(681,000)
Gross profit:148,300150,700126,700118,800(293,600)276,000
Operating expenses(70,300)(65,600)(62,600)(66,000)165,300(138,000)
Other operating income (expense), net 3,0009001,900(26,900)11,000
Other undisclosed operating loss(7,800)(1,600)(3,800)(25,400)(500)(11,000)
Operating income (loss):70,20086,50061,20029,300(155,700)138,000
Nonoperating income (expense)66,000900(3,600)(3,700)(34,900)10,000
Investment income, nonoperating 4,600    
Net periodic defined benefits expense (reversal of expense), excluding service cost component (3,700)(3,600)(3,700)(34,900)10,000
Interest and debt expense   (13,300)(18,700)(15,300)(19,000)
Other undisclosed loss from continuing operations before equity method investments, income taxes (38,300)     
Income (loss) from continuing operations before income taxes:97,90087,40044,3006,900(205,900)129,000
Income tax expense (benefit)(22,900)(22,900)(11,400)20,10048,300(30,000)
Income (loss) from continuing operations:75,00064,50032,90027,000(157,600)99,000
Income (loss) before gain (loss) on sale of properties:(157,600)99,000
Net income (loss):75,00064,50032,90027,000(157,600)99,000
Other undisclosed net income (loss) attributable to parent(26,100)(2,900)1,194,40054,900314,900 
Net income available to common stockholders, diluted:48,90061,6001,227,30081,900157,30099,000

Comprehensive Income ($ in thousands)

12/31/2023
Q1
9/30/2023
Q4
6/30/2023
Q3
3/31/2023
Q2
12/31/2022
Q1
9/30/2022
Q4
6/30/2022
Q3
Net income (loss):75,00064,50032,90027,000(157,600)99,000
Comprehensive income (loss):75,00064,50032,90027,000(157,600)99,000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(29,900)(3,800)1,220,10068,400297,100(18,000)
Comprehensive income, net of tax, attributable to parent:45,10060,7001,253,00095,400139,50081,000

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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