Innospec Inc. (IOSP) Financial Statements (2024 and earlier)

Company Profile

Business Address 8310 SOUTH VALLEY HIGHWAY
ENGLEWOOD, CO 80112
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 millions)

9/30/2023
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 investments1471421057612390
Cash and cash equivalents1471421057612390
Receivables335285221292280245
Inventory, net of allowances, customer advances and progress billings373278220245248210
Inventory373278220245248210
Prepaid expense364323
Other current assets0001 1
Other undisclosed current assets141815151213
Total current assets:873728566630664562
Noncurrent Assets
Operating lease, right-of-use asset45354032
Property, plant and equipment221214211199196196
Intangible assets, net (including goodwill)404422447477501525
Goodwill359364371363365362
Intangible assets, net (excluding goodwill)455875114136163
Deferred income tax assets668 
Other noncurrent assets758675
Other undisclosed noncurrent assets48160118125105123
Total noncurrent assets:731843831839810849
TOTAL ASSETS:1,6041,5711,3971,4691,4731,410
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities368319234286268238
Taxes payable4610916
Accounts payable16514999122127118
Accrued liabilities203167130154132104
Debt  0 112319
Restructuring reserve557665
Deferred revenue and credits0
Other undisclosed current liabilities3212121  
Total current liabilities:406337252304297262
Noncurrent Liabilities
Long-term debt and lease obligation  232981188206
Long-term debt, excluding current maturities    59186203
Capital lease obligations23
Liabilities, other than long-term debt158178171116115104
Deferred revenue and credits1
Accounts payable and accrued liabilities213132364042
Deferred income tax liabilities266147 
Liability for uncertainty in income taxes13161616143
Liability, pension and other postretirement and postemployment benefits121821181617
Restructuring reserve525152444441
Other liabilities113221
Operating lease, liability31232922
Other undisclosed noncurrent liabilities   0504845
Total noncurrent liabilities:158201200246351354
Total liabilities:563538453550648616
Equity
Equity, attributable to parent1,0381,032944919825794
Common stock000000
Treasury stock, value(95)(91)(93)(93)(93)(93)
Additional paid in capital354347336330325320
Accumulated other comprehensive loss(145)(47)(57)(74)(76)(39)
Retained earnings924823759756668605
Equity, attributable to noncontrolling interest211010
Total equity:1,0401,033945919826794
TOTAL LIABILITIES AND EQUITY:1,6041,5711,3971,4691,4731,410

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,9641,4831,1931,5131,4771,307
Revenue, net1,307
Cost of revenue
(Cost of Goods and Services Sold)
(1,377)(1,049)(850)(1,047)(1,042)(904)
Gross profit:587435343466435403
Operating expenses(399)(303)(309)(316)(302)(274)
Operating income:18713234150134130
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(2)48557
Interest and debt expense   (0)(1)(1)(1)
Income from continuing operations before equity method investments, income taxes:18613641154138136
Other undisclosed income (loss) from continuing operations before income taxes(1)(2)(1)(4)(6)(8)
Income from continuing operations before income taxes:18513440150132128
Income tax expense(52)(41)(11)(38)(47)(66)
Income from continuing operations:13393291128562
Income before gain (loss) on sale of properties:93291128562
Net income:13393291128562
Net income (loss) attributable to noncontrolling interest (0)(0)(0)00
Other undisclosed net loss attributable to parent      
Net income available to common stockholders, diluted:13393291128562

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:13393291128562
Other comprehensive income (loss)(98)10171(37)88
Comprehensive income:351044611448150
Comprehensive income (loss), net of tax, attributable to noncontrolling interest (0)(0)(0)00
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:351034611348150

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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