Valvoline Inc. (VVV) financial statements (2020 and earlier)

Company profile

Business Address 100 VALVOLINE WAY
LEXINGTON, KY 40509
State of Incorp.
Fiscal Year End September 30
SIC 299 - Miscellaneous Products Of Petroleum And Coal (benchmarking)
More info Complete financial analysis Financial benchmarking

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16215996201
Cash and cash equivalents16215996201
Receivables395407415385
Inventory, net of allowances, customer advances and progress billings194194176175
Inventory194194176175
Other current assets   29
Other undisclosed current assets433738 
Total current assets:794797725790
Noncurrent Assets
Operating lease, right-of-use asset253 
Property, plant and equipment479498420391
Long-term investments and receivables39343130
Long-term investments39343130
Intangible assets, net (including goodwill)507504448335
Goodwill433430381330
Intangible assets, net (excluding goodwill) 74675
Other undisclosed intangible assets, net (including goodwill)74   
Deferred income tax assets116123
Other noncurrent assets1091089288
Other undisclosed noncurrent assets  138281
Total noncurrent assets:1,5031,2671,1291,125
TOTAL ASSETS:2,2972,0641,8541,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities399408381388
Accounts payable153171178192
Accrued liabilities246237203196
Debt22153090
Total current liabilities:421423411478
Noncurrent Liabilities
Long-term debt and lease obligation1,5441,3271,2921,034
Long-term debt, excluding current maturities1,3201,3271,2921,034
Operating lease, liability224 
Liabilities, other than long-term debt528572509520
Liability, pension and other postretirement and postemployment benefits376387333342
Other liabilities152185176178
Total noncurrent liabilities:2,0721,8991,8011,554
Total liabilities:2,4932,3222,2122,032
Stockholders' equity
Stockholders' equity attributable to parent(196)(258)(358)(117)
Common stock2222
Additional paid in capital161375
Accumulated other comprehensive income17113243
Accumulated deficit(231)(284)(399)(167)
Total stockholders' equity:(196)(258)(358)(117)
TOTAL LIABILITIES AND EQUITY:2,2972,0641,8541,915

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

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
Revenues2,4402,3902,2852,084
Revenue, net(332)
Cost of revenue(1,602)(1,580)(1,479)(1,306)
Cost of goods and services sold(1,602)(1,580)  
Gross profit:838810806778
Operating expenses(461)(449)(430)(375)
Other operating income, net404033 
Other undisclosed operating income (loss)(2)(3)(14)129
Operating income:415398395532
Nonoperating expense
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(53)(60)  
Interest and debt expense(72)(73)(63)(42)
Income from continuing operations before equity method investments, income taxes:290265332490
Income from equity method investments 121412
Other undisclosed loss from continuing operations before income taxes (12)(14)(12)
Income from continuing operations before income taxes:290265332490
Income tax expense(62)(57)(166)(186)
Net income available to common stockholders, diluted:228208166304

Comprehensive Income ($ in millions)

12/31/2019
TTM
9/30/2019
9/30/2018
9/30/2017
Net income:228208166304
Other comprehensive loss  (11) 
Comprehensive income:228208155304
Other undisclosed comprehensive loss, net of tax, attributable to parent(9)(21)(8)(1)
Comprehensive income, net of tax, attributable to parent:219187147303

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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