OMNOVA Solutions Inc. (OMN) financial statements (2022 and earlier)

Company profile

Business Address 25435 HARVARD RD
BEACHWOOD, OH 44122
State of Incorp. OH
Fiscal Year End November 30
SIC 306 - Fabricated Rubber Products, Not Elsewhere (benchmarking)
More info Complete financial analysis Financial benchmarking

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 54,10088,00078,00044,90099,500
Cash and cash equivalents 54,10088,00078,00044,90099,500
Receivables 112,10099,00099,500105,300135,700
Inventory, net of allowances, customer advances and progress billings 78,80076,50077,00081,90092,700
Inventory 78,80076,50077,00081,90092,700
Other undisclosed current assets 8,00012,50019,40018,80028,000
Total current assets: 253,000276,000273,900250,900355,900
Noncurrent Assets
Property, plant and equipment 205,800208,900205,800214,900238,400
Intangible assets, net (including goodwill) 124,400122,300136,900141,700151,800
Goodwill 70,90066,30080,20080,80085,400
Intangible assets, net (excluding goodwill) 53,50056,00056,70060,90066,400
Deferred costs   5,9004,7007,000
Other noncurrent assets 6,0005,5004,0007,2007,900
Other undisclosed noncurrent assets  10066,70067,80068,200
Total noncurrent assets: 336,200336,800419,300436,300473,300
TOTAL ASSETS: 589,200612,800693,200687,200829,200
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 116,60078,30073,40073,10094,300
Accounts payable 101,10078,30073,30072,00094,300
Accrued liabilities 15,500    
Interest and dividends payable   1001,100 
Debt 4,2004,9004,9003,0006,000
Postemployment benefits liability 2,9002,9004,5003,2002,900
Other liabilities 10,1005,1007,1008,7001,800
Other undisclosed current liabilities  25,40023,40024,50018,800
Total current liabilities: 133,800116,600113,300112,500123,800
Noncurrent Liabilities
Long-term debt and lease obligation 318,700   423,600
Long-term debt, excluding current maturities 318,700   406,400
Capital lease obligations    17,200
Liabilities, other than long-term debt 79,100108,200111,700111,400148,500
Pension and other postretirement defined benefit plans, liabilities117,400
Deferred tax liabilities, net13,40023,40011,4009,50021,600
Liability, pension and other postretirement and postemployment benefits 56,90076,80088,60091,800 
Other liabilities 8,8008,00011,70010,1009,500
Other undisclosed noncurrent liabilities  349,800358,400354,200(17,200)
Total noncurrent liabilities: 397,800458,000470,100465,600554,900
Total liabilities: 531,600574,600583,400578,100678,700
Stockholders' equity
Stockholders' equity attributable to parent 57,60038,200109,800109,100150,500
Common stock 4,8004,8004,8004,8004,800
Treasury stock, value (25,300)(25,500)(23,200)(25,600)(7,900)
Additional paid in capital 345,900343,400341,000339,700338,500
Accumulated other comprehensive loss (122,400)(125,300)(138,500)(135,900)(128,800)
Accumulated deficit (145,400)(159,200)(74,300)(73,900)(56,100)
Total stockholders' equity: 57,60038,200109,800109,100150,500
TOTAL LIABILITIES AND EQUITY: 589,200612,800693,200687,200829,200

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

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Revenues 769,800783,100759,900838,000987,400
Revenue, net783,100759,900838,000987,400
Cost of revenue
(Cost of Goods and Services Sold)
 (579,100)(582,300)(556,000)(644,100)(788,200)
Other undisclosed gross profit     200
Gross profit: 190,700200,800203,900193,900199,400
Operating expenses (176,200)(204,900)(194,000)(215,000)(187,700)
Other operating income (expense), net   (400) 2,400
Other expenses   (400) (300)
Other undisclosed operating income   58,800 51,300
Operating income (loss): 14,500(4,100)68,300(21,100)65,400
Nonoperating income (expense)
(Foreign Currency Transaction gain, before Tax)
     1,100
Interest and debt expense (20,100)(21,500)(27,600)(28,900)(33,700)
Income (loss) from continuing operations before equity method investments, income taxes: (5,600)(25,600)40,700(50,000)32,800
Other undisclosed income (loss) from continuing operations before income taxes 20,10021,500(30,800)28,900(21,100)
Income (loss) from continuing operations before income taxes: 14,500(4,100)9,900(21,100)11,700
Income tax expense (benefit) 6,200(83,700)(10,300)2,400400
Income (loss) from continuing operations: 20,700(87,800)(400)(18,700)12,100
Income (loss) from discontinued operations    1,500(600)
Net income (loss): 20,700(87,800)(400)(17,200)11,500
Other undisclosed net loss attributable to parent    (600) 
Net income (loss) available to common stockholders, basic: 20,700(87,800)(400)(17,800)11,500
Dilutive securities, effect on basic earnings per share    400 
Net income (loss) available to common stockholders, diluted: 20,700(87,800)(400)(17,400)11,500

Comprehensive Income ($ in thousands)

11/30/2019
11/30/2018
11/30/2017
11/30/2016
11/30/2015
11/30/2014
Net income (loss): 20,700(87,800)(400)(17,200)11,500
Other comprehensive income (loss) 12,20015,5001,200(9,800)(41,500)
Comprehensive income (loss): 32,900(72,300)800(27,000)(30,000)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (9,300)(2,300)(3,800)2,1001,300
Comprehensive income (loss), net of tax, attributable to parent: 23,600(74,600)(3,000)(24,900)(28,700)

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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