Ecovyst Inc. (ECVT) financial statements (2022 and earlier)

Company profile

Business Address 300 LINDENWOOD DRIVE
MALVERN, PA 19355
State of Incorp. DE
Fiscal Year End December 31
SIC 28 - Chemicals And Allied Products (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments141136725866
Cash and cash equivalents141136725866
Restricted cash and investments 22  
Receivables81133180197193
Inventory, net of allowances, customer advances and progress billings54127281265262
Inventory54127281265262
Other undisclosed current assets1631343927
Total current assets:292428569559549
Noncurrent Assets
Operating lease, right-of-use asset304857
Property, plant and equipment5969831,1871,2091,230
Long-term investments and receivables446458473468469
Long-term investments446458473468469
Intangible assets, net (including goodwill)5521,2441,9361,9832,092
Goodwill4067181,2601,2551,306
Intangible assets, net (excluding goodwill)146526676728786
Other noncurrent assets15369910875
Total noncurrent assets:1,6402,7703,7523,7693,866
TOTAL ASSETS:1,9313,1984,3214,3274,415
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities128186247248243
Accounts payable52112144148149
Accrued liabilities767410210094
Debt9023745
Other undisclosed current liabilities815   
Total current liabilities:145201269256288
Noncurrent Liabilities
Long-term debt and lease obligation8951,4321,9402,1072,185
Long-term debt, excluding current maturities8731,4001,8992,1072,185
Finance lease, liability  0
Operating lease, liability223240
Liabilities, other than long-term debt151287109105120
Deferred income tax liabilities127176 
Other liabilities24111109105120
Other undisclosed noncurrent liabilities  218196189
Total noncurrent liabilities:1,0451,7192,2662,4082,495
Total liabilities:1,1901,9212,5362,6632,784
Stockholders' equity
Stockholders' equity attributable to parent7411,2771,7791,6601,628
Common stock11111
Treasury stock, value(13)(11)(6)(3) 
Additional paid in capital1,0731,4781,6971,6751,655
Accumulated other comprehensive income (loss)(6)(15)(15)(39)4
Retained earnings (accumulated deficit)(316)(176)10326(33)
Stockholders' equity attributable to noncontrolling interest 0654
Total stockholders' equity:7411,2771,7851,6641,632
TOTAL LIABILITIES AND EQUITY:1,9313,1984,3214,3274,415

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues6111,1071,5671,6081,472
Revenue, net1,472
Cost of revenue
(Cost of Goods and Services Sold)
(435)(834)(1,177)(1,227)(1,095)
Gross profit:177273391382377
Operating expenses(122)(176)(203)(198)(209)
Other undisclosed operating loss (260)   
Operating income (loss):55(163)188184168
Nonoperating income (expense)(5)62(11)(26)
Investment income, nonoperating 6   
Gain on contract termination   21 
Foreign currency transaction gain (loss), before tax(5)4(3)(14)(26)
Net periodic defined benefits expense (reversal of expense), excluding service cost component   (4)
Other nonoperating income  11 
Interest and debt expense(64)(92)(115)(121)(241)
Income (loss) from continuing operations before equity method investments, income taxes:(14)(249)7551(99)
Income from equity method investments2821463839
Income (loss) from continuing operations before income taxes:14(228)12189(61)
Income tax expense (benefit)(12)48(41)(29)119
Income (loss) from continuing operations:2(179)806059
Loss from discontinued operations(141)(102)   
Net income (loss):(140)(282)806059
Net loss attributable to noncontrolling interest  (1)(1)(1)
Other undisclosed net income (loss) attributable to parent(0)3   
Net income (loss) available to common stockholders, diluted:(140)(279)805858

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(140)(282)806059
Other comprehensive income (loss)19(15)23(43)57
Comprehensive income (loss):(120)(297)10316115
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)4(2)(1)0
Comprehensive income (loss), net of tax, attributable to parent:(121)(293)10115116

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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