Valvoline Inc. (VVV) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
100 VALVOLINE WAY LEXINGTON, KY 40509 |
| State of Incorp. | |
| Fiscal Year End | September 30 |
| Industry (SIC) | 299 - Miscellaneous Products Of Petroleum And Coal (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 9/30/2023 | 12/31/2022 MRQ | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 756,600 | 21,000 | 23,400 | 230,000 | 760,000 | 159,000 | |||
| Cash and cash equivalents | 409,100 | 21,000 | 23,400 | 230,000 | 760,000 | 159,000 | |||
| Short-term investments | 347,500 | ||||||||
| Receivables | 81,300 | 56,900 | 66,100 | 496,000 | 433,000 | 407,000 | |||
| Inventory, net of allowances, customer advances and progress billings | 33,300 | 31,200 | 29,400 | 258,000 | 199,000 | 194,000 | |||
| Inventory | 33,300 | 31,200 | 29,400 | 258,000 | 199,000 | 194,000 | |||
| Disposal group, including discontinued operation | 1,553,600 | 1,464,200 | |||||||
| Other undisclosed current assets | 65,500 | 38,700 | 38,000 | 53,000 | 46,000 | 37,000 | |||
| Total current assets: | 936,700 | 1,701,400 | 1,621,100 | 1,037,000 | 1,438,000 | 797,000 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 266,500 | 253,500 | 248,100 | 307,000 | 261,000 | ||||
| Property, plant and equipment | 693,300 | 498,000 | |||||||
| Long-term investments and receivables | 47,000 | 44,000 | 34,000 | ||||||
| Long-term investments | 47,000 | 44,000 | 34,000 | ||||||
| Intangible assets, net (including goodwill) | 680,600 | 668,200 | 663,100 | 775,000 | 529,000 | 504,000 | |||
| Goodwill | 578,000 | 548,200 | 644,000 | 445,000 | 430,000 | ||||
| Intangible assets, net (excluding goodwill) | 102,600 | 114,900 | 131,000 | 84,000 | 74,000 | ||||
| Other undisclosed intangible assets, net (including goodwill) | 668,200 | ||||||||
| Deferred income tax assets | 82,200 | 61,600 | 14,000 | 34,000 | 123,000 | ||||
| Other noncurrent assets | 187,800 | 152,900 | 154,300 | 194,000 | 132,000 | 108,000 | |||
| Other undisclosed noncurrent assets | 818,300 | 668,600 | 817,000 | 613,000 | |||||
| Total noncurrent assets: | 1,953,200 | 1,850,100 | 1,795,700 | 2,154,000 | 1,613,000 | 1,267,000 | |||
| TOTAL ASSETS: | 2,889,900 | 3,551,500 | 3,416,800 | 3,191,000 | 3,051,000 | 2,064,000 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 334,600 | 221,800 | 217,600 | 552,000 | 444,000 | 408,000 | |||
| Accounts payable | 118,700 | 46,600 | 45,000 | 246,000 | 189,000 | 171,000 | |||
| Accrued liabilities | 215,900 | 175,200 | 172,600 | 306,000 | 255,000 | 237,000 | |||
| Debt | 23,800 | 224,500 | 173,100 | 17,000 | 15,000 | ||||
| Other undisclosed current liabilities | 3,900 | 478,100 | 528,700 | ||||||
| Total current liabilities: | 362,300 | 924,400 | 919,400 | 569,000 | 444,000 | 423,000 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 1,562,300 | 1,656,100 | 1,754,300 | 1,951,000 | 1,962,000 | 1,327,000 | |||
| Long-term debt, excluding current maturities | 1,562,300 | 1,656,100 | 1,525,100 | 1,677,000 | 1,962,000 | 1,327,000 | |||
| Liabilities, other than long-term debt | 762,100 | 681,700 | 436,500 | 536,000 | 490,000 | 572,000 | |||
| Deferred income tax liabilities | 26,000 | ||||||||
| Liability, pension and other postretirement and postemployment benefits | 168,000 | 200,500 | 199,400 | 258,000 | 317,000 | 387,000 | |||
| Other liabilities | 346,800 | 246,700 | 237,100 | 252,000 | 173,000 | 185,000 | |||
| Operating lease, liability | 247,300 | 234,500 | 229,200 | 274,000 | |||||
| Other undisclosed noncurrent liabilities | 231,000 | ||||||||
| Total noncurrent liabilities: | 2,324,400 | 2,337,800 | 2,190,800 | 2,487,000 | 2,683,000 | 1,899,000 | |||
| Total liabilities: | 2,686,700 | 3,262,200 | 3,110,200 | 3,056,000 | 3,127,000 | 2,322,000 | |||
| Equity | |||||||||
| Equity, attributable to parent | 203,200 | 289,300 | 306,600 | 135,000 | (76,000) | (258,000) | |||
| Common stock | 1,300 | 1,700 | 1,800 | 2,000 | 2,000 | 2,000 | |||
| Additional paid in capital | 48,000 | 40,800 | 44,100 | 35,000 | 24,000 | 13,000 | |||
| Accumulated other comprehensive income (loss) | 13,200 | (7,800) | (21,300) | 8,000 | 8,000 | 11,000 | |||
| Retained earnings (accumulated deficit) | 140,700 | 254,600 | 282,000 | 90,000 | (110,000) | (284,000) | |||
| Total equity: | 203,200 | 289,300 | 306,600 | 135,000 | (76,000) | (258,000) | |||
| TOTAL LIABILITIES AND EQUITY: | 2,889,900 | 3,551,500 | 3,416,800 | 3,191,000 | 3,051,000 | 2,064,000 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,443,500 | 710,900 | 1,236,100 | 2,981,000 | 2,353,000 | 2,390,000 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (899,000) | (359,700) | (759,700) | (2,001,000) | (1,490,000) | (1,580,000) | ||
| Gross profit: | 544,500 | 351,200 | 476,400 | 980,000 | 863,000 | 810,000 | ||
| Operating expenses | (264,500) | (175,700) | (244,700) | (520,000) | (442,000) | (449,000) | ||
| Other operating income (expense), net | (4,000) | 9,100 | 44,000 | 34,000 | 40,000 | |||
| Other undisclosed operating income (loss) | (32,800) | (42,900) | (20,500) | 24,000 | 30,000 | (3,000) | ||
| Operating income: | 247,200 | 128,600 | 220,300 | 528,000 | 485,000 | 398,000 | ||
| Nonoperating income (expense) | 27,600 | (19,600) | (6,900) | 126,000 | 59,000 | (60,000) | ||
| Investment income, nonoperating | ||||||||
| Net periodic defined benefits expense (reversal of expense), excluding service cost component | 27,600 | (19,600) | (6,900) | 126,000 | 59,000 | (60,000) | ||
| Interest and debt expense | (38,300) | (71,000) | (69,300) | (111,000) | (93,000) | (73,000) | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 236,500 | 38,000 | 144,100 | 543,000 | 451,000 | 265,000 | ||
| Income from equity method investments | 15,000 | 12,000 | 12,000 | |||||
| Other undisclosed loss from continuing operations before income taxes | (15,000) | (12,000) | (12,000) | |||||
| Income from continuing operations before income taxes: | 236,500 | 38,000 | 144,100 | 543,000 | 451,000 | 265,000 | ||
| Income tax expense (benefit) | (37,100) | 11,400 | (34,700) | (123,000) | (134,000) | (57,000) | ||
| Income from continuing operations: | 199,400 | 49,400 | 109,400 | 420,000 | 317,000 | 208,000 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 22,400 | 109,400 | 420,000 | 317,000 | 208,000 | |
| Net income: | 199,400 | 49,400 | 109,400 | 420,000 | 317,000 | 208,000 | ||
| Other undisclosed net income attributable to parent | 1,220,300 | 369,800 | 314,900 | |||||
| Net income available to common stockholders, diluted: | 1,419,700 | 419,200 | 424,300 | 420,000 | 317,000 | 208,000 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 9/30/2023 | 12/31/2022 TTM | 9/30/2022 | 9/30/2021 | 9/30/2020 | 9/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 199,400 | 49,400 | 109,400 | 420,000 | 317,000 | 208,000 | ||
| Comprehensive income: | 199,400 | 49,400 | 109,400 | 420,000 | 317,000 | 208,000 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 1,254,800 | 353,500 | 286,100 | (3,000) | (21,000) | |||
| Comprehensive income, net of tax, attributable to parent: | 1,454,200 | 402,900 | 395,500 | 420,000 | 314,000 | 187,000 | ||
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.