Ecovyst Inc. (ECVT) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
300 LINDENWOOD DRIVE MALVERN, PA 19355 |
| 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)
| 6/30/2023 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 investments | 110,920 | 140,889 | 135,531 | 72,284 | 57,854 | 66,195 | |||
| Cash and cash equivalents | 110,920 | 140,889 | 135,531 | 72,284 | 57,854 | 66,195 | |||
| Restricted cash and investments | 1,688 | 1,633 | |||||||
| Receivables | 74,758 | 80,802 | 132,619 | 179,632 | 196,770 | 193,456 | |||
| Inventory, net of allowances, customer advances and progress billings | 44,362 | 53,813 | 127,436 | 280,945 | 264,748 | 262,388 | |||
| Inventory | 44,362 | 53,813 | 127,436 | 280,945 | 264,748 | 262,388 | |||
| Derivative instruments and hedges, assets | 18,510 | ||||||||
| Other undisclosed current assets | 19,154 | 16,165 | 30,866 | 34,097 | 39,244 | 26,929 | |||
| Total current assets: | 267,704 | 291,669 | 428,140 | 568,591 | 558,616 | 548,968 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 28,265 | 30,115 | 48,239 | 57,295 | ✕ | ✕ | |||
| Property, plant and equipment | 584,889 | 596,231 | 983,235 | 1,186,770 | 1,208,979 | 1,230,384 | |||
| Long-term investments and receivables | 436,013 | 446,074 | 458,452 | 472,929 | 468,211 | 469,276 | |||
| Long-term investments | 436,013 | 446,074 | 458,452 | 472,929 | 468,211 | 469,276 | |||
| Intangible assets, net (including goodwill) | 533,095 | 551,756 | 1,244,041 | 1,936,190 | 1,983,365 | 2,092,100 | |||
| Goodwill | 403,163 | 406,139 | 717,738 | 1,259,805 | 1,254,929 | 1,305,956 | |||
| Intangible assets, net (excluding goodwill) | 129,932 | 145,617 | 526,303 | 676,385 | 728,436 | 786,144 | |||
| Other noncurrent assets | 34,587 | 15,374 | 35,714 | 99,070 | 108,254 | 74,727 | |||
| Total noncurrent assets: | 1,616,849 | 1,639,550 | 2,769,681 | 3,752,254 | 3,768,809 | 3,866,487 | |||
| TOTAL ASSETS: | 1,884,553 | 1,931,219 | 3,197,821 | 4,320,845 | 4,327,425 | 4,415,455 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 112,248 | 127,775 | 186,144 | 246,519 | 248,374 | 243,243 | |||
| Accounts payable | 40,019 | 51,860 | 112,333 | 144,365 | 148,365 | 149,326 | |||
| Accrued liabilities | 72,229 | 75,915 | 73,811 | 102,154 | 100,009 | 93,917 | |||
| Debt | 9,000 | 9,000 | 262 | 22,949 | 7,237 | 45,166 | |||
| Other undisclosed current liabilities | 8,155 | 8,306 | 14,932 | ||||||
| Total current liabilities: | 129,403 | 145,081 | 201,338 | 269,468 | 255,611 | 288,409 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 865,870 | 894,558 | 1,432,388 | 1,939,667 | 2,106,720 | 2,185,320 | |||
| Long-term debt, excluding current maturities | 865,870 | 872,839 | 1,400,369 | 1,899,196 | 2,106,720 | 2,185,320 | |||
| Finance lease, liability | 315 | ✕ | ✕ | ||||||
| Liabilities, other than long-term debt | 182,051 | 150,843 | 286,916 | 108,670 | 104,825 | 120,471 | |||
| Deferred income tax liabilities | 136,184 | 126,749 | 175,901 | ✕ | ✕ | ||||
| Other liabilities | 25,846 | 24,094 | 111,015 | 108,670 | 104,825 | 120,471 | |||
| Operating lease, liability | 20,021 | 21,719 | 32,019 | 40,156 | ✕ | ✕ | |||
| Other undisclosed noncurrent liabilities | 217,722 | 196,124 | 189,336 | ||||||
| Total noncurrent liabilities: | 1,047,921 | 1,045,401 | 1,719,304 | 2,266,059 | 2,407,669 | 2,495,127 | |||
| Total liabilities: | 1,177,324 | 1,190,482 | 1,920,642 | 2,535,527 | 2,663,280 | 2,783,536 | |||
| Equity | |||||||||
| Equity, attributable to parent | 707,229 | 740,737 | 1,277,126 | 1,779,450 | 1,659,560 | 1,628,000 | |||
| Common stock | 1,396 | 1,378 | 1,371 | 1,369 | 1,358 | 1,352 | |||
| Treasury stock, value | (149,624) | (12,551) | (11,081) | (6,483) | (2,920) | ||||
| Additional paid in capital | 1,091,475 | 1,073,409 | 1,477,859 | 1,696,899 | 1,674,703 | 1,655,114 | |||
| Accumulated other comprehensive income (loss) | 5,992 | (5,792) | (15,265) | (15,348) | (39,104) | 4,311 | |||
| Retained earnings (accumulated deficit) | (242,010) | (315,707) | (175,758) | 103,013 | 25,523 | (32,777) | |||
| Equity, attributable to noncontrolling interest | 53 | 5,868 | 4,585 | 3,919 | |||||
| Total equity: | 707,229 | 740,737 | 1,277,179 | 1,785,318 | 1,664,145 | 1,631,919 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,884,553 | 1,931,219 | 3,197,821 | 4,320,845 | 4,327,425 | 4,415,455 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 820,159 | 611,201 | 1,107,363 | 1,567,072 | 1,608,154 | 1,472,101 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 1,472,101 | |
| Cost of revenue (Cost of Goods and Services Sold) | (595,529) | (434,540) | (834,007) | (1,176,550) | (1,226,520) | (1,095,265) | ||
| Gross profit: | 224,630 | 176,661 | 273,356 | 390,522 | 381,634 | 376,836 | ||
| Operating expenses | (120,245) | (122,054) | (176,280) | (202,720) | (198,078) | (209,332) | ||
| Other undisclosed operating loss | (260,000) | |||||||
| Operating income (loss): | 104,385 | 54,607 | (162,924) | 187,802 | 183,556 | 167,504 | ||
| Nonoperating income (expense) | (158) | (4,511) | 6,109 | 2,098 | (11,077) | (25,980) | ||
| Investment income, nonoperating | 5,630 | |||||||
| Gain on contract termination | 20,612 | |||||||
| Gain (loss), foreign currency transaction, before tax | (978) | (4,716) | 4,172 | (2,787) | (13,810) | (25,786) | ||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | (3,625) | ✕ | ||||||
| Other nonoperating income | 763 | 813 | ||||||
| Interest and debt expense | (37,217) | (63,892) | (92,007) | (114,925) | (121,474) | (240,930) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 67,010 | (13,796) | (248,822) | 74,975 | 51,005 | (99,406) | ||
| Income from equity method investments | 27,725 | 27,737 | 21,237 | 46,034 | 37,611 | 38,772 | ||
| Income (loss) from continuing operations before income taxes: | 94,735 | 13,941 | (227,585) | 121,009 | 88,616 | (60,634) | ||
| Income tax expense (benefit) | (24,940) | (12,147) | 48,122 | (40,699) | (28,995) | 119,197 | ||
| Income (loss) from continuing operations: | 69,795 | 1,794 | (179,463) | 80,310 | 59,621 | 58,563 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (139,616) | (281,704) | 80,310 | 59,621 | 58,563 | ||
| Income (loss) from discontinued operations | 3,902 | (141,410) | (102,241) | |||||
| Other undisclosed net income | ||||||||
| Net income (loss): | 73,697 | (139,616) | (281,704) | 80,310 | 59,621 | 58,563 | ||
| Net loss attributable to noncontrolling interest | (771) | (1,321) | (960) | |||||
| Other undisclosed net income (loss) attributable to parent | (333) | 2,933 | ||||||
| Net income (loss) available to common stockholders, diluted: | 73,697 | (139,949) | (278,771) | 79,539 | 58,300 | 57,603 | ||
Comprehensive Income ($ in thousands)
| 6/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 73,697 | (139,616) | (281,704) | 80,310 | 59,621 | 58,563 | ||
| Other comprehensive income (loss) | 11,784 | 19,319 | (15,415) | 22,654 | (43,344) | 56,910 | ||
| Comprehensive income (loss): | 85,481 | (120,297) | (297,119) | 102,964 | 16,277 | 115,473 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (333) | 3,856 | (1,543) | (1,392) | 152 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | 85,481 | (120,630) | (293,263) | 101,421 | 14,885 | 115,625 | ||
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.