Valvoline Inc. (VVV) financial statements (2021 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)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments52776015996201
Cash and cash equivalents52776015996201
Receivables430433407415385
Inventory, net of allowances, customer advances and progress billings213199194176175
Inventory213199194176175
Other current assets    29
Other undisclosed current assets44463738 
Total current assets:1,2141,438797725790
Noncurrent Assets
Operating lease, right-of-use asset293261 
Property, plant and equipment713 498420391
Long-term investments and receivables4644343130
Long-term investments4644343130
Intangible assets, net (including goodwill)739529504448335
Goodwill621445430381330
Intangible assets, net (excluding goodwill)1188474675
Deferred income tax assets2834123
Other noncurrent assets1231321089288
Other undisclosed noncurrent assets 613 138281
Total noncurrent assets:1,9421,6131,2671,1291,125
TOTAL ASSETS:3,1563,0512,0641,8541,915
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities418444408381388
Accounts payable158189171178192
Accrued liabilities260255237203196
Debt88 153090
Total current liabilities:506444423411478
Noncurrent Liabilities
Long-term debt and lease obligation2,1471,9621,3271,2921,034
Long-term debt, excluding current maturities1,8871,9621,3271,2921,034
Operating lease, liability260  
Liabilities, other than long-term debt558490572509520
Liability, pension and other postretirement and postemployment benefits303317387333342
Other liabilities255173185176178
Other undisclosed noncurrent liabilities 231   
Total noncurrent liabilities:2,7052,6831,8991,8011,554
Total liabilities:3,2113,1272,3222,2122,032
Stockholders' equity
Stockholders' equity attributable to parent(55)(76)(258)(358)(117)
Common stock22222
Additional paid in capital25241375
Accumulated other comprehensive income248113243
Accumulated deficit(106)(110)(284)(399)(167)
Total stockholders' equity:(55)(76)(258)(358)(117)
TOTAL LIABILITIES AND EQUITY:3,1563,0512,0641,8541,915

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

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Revenues2,3992,3532,3902,2852,084
Revenue, net(332)
Cost of revenue(1,519)(1,490)(1,580)(1,479)(1,306)
Cost of goods and services sold(1,519)(1,490)(1,580)  
Gross profit:880863810806778
Operating expenses(443)(442)(449)(430)(375)
Other operating income, net39344033 
Other undisclosed operating income (loss)2930(3)(14)129
Operating income:505485398395532
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
6359(60)  
Interest and debt expense(97)(93)(73)(63)(42)
Income from continuing operations before equity method investments, income taxes:471451265332490
Income from equity method investments 12121412
Other undisclosed loss from continuing operations before income taxes (12)(12)(14)(12)
Income from continuing operations before income taxes:471451265332490
Income tax expense(140)(134)(57)(166)(186)
Net income available to common stockholders, diluted:331317208166304

Comprehensive Income ($ in millions)

12/31/2020
TTM
9/30/2020
9/30/2019
9/30/2018
9/30/2017
Net income:331317208166304
Other comprehensive loss   (11) 
Comprehensive income:331317208155304
Other undisclosed comprehensive income (loss), net of tax, attributable to parent7(3)(21)(8)(1)
Comprehensive income, net of tax, attributable to parent:338314187147303

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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