AVD FY 2020 Earnings Report — American Vanguard Corporation Revenue & Financial Results | Market Cap Arena

American Vanguard CorporationAVD

FY 2020 Earnings

Reported March 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$459M	—	$468M	—	-2.0%
Op. Income	$23M	—	$26M	—	-12.6%
Gross Margin	37.6%	—	37.9%	—	-0.3pp
Net Margin	3.3%	—	2.9%	—	0.4pp
EPS (Diluted)	$0.51	—	$0.46	—	10.9%
Free Cash Flow	$75M	—	-$7M	—	1135.0%

Revenue Flow

Item	Amount
REVENUE	$459M
Cost of Revenue	$286M
GROSS PROFIT	$173M
R&D Expenses	$26M
Selling & Marketing	$79M
General & Administrative	$36M
SG&A Expenses	$115M
Other Expenses	$8M
Operating Expenses	$150M
Cost & Expenses	$436M
OPERATING INCOME	$23M
Interest Income	$89.0K
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$18M
Income Tax Expense	$3M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$20M
EBIT	$23M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$459M
Cost of Revenue	$286M
GROSS PROFIT	$173M
R&D Expenses	$26M
Selling & Marketing	$79M
General & Administrative	$36M
SG&A Expenses	$115M
Other Expenses	$8M
Operating Expenses	$150M
Cost & Expenses	$436M
OPERATING INCOME	$23M
Interest Income	$89.0K
Interest Expense	$5M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$18M
Income Tax Expense	$3M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$20M
EBIT	$23M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$20M
Stock-Based Compensation	$7M
Deferred Income Tax	-$1M
Other Non-Cash Items	$105.0K
Change in Working Capital	$50M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$15M
Acquisitions (Net)	-$19M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	-$42M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$1M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$75M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$0
Net Receivables	$132M
Inventory	$164M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$330M
PP&E (Net)	$78M
Goodwill	$52M
Intangible Assets	$198M
Long-Term Investments	$2M
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$350M
TOTAL ASSETS	$680M
Account Payables	$59M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$46M
TOTAL CURRENT LIABILITIES	$171M
Long-Term Debt	$107M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$148M
TOTAL LIABILITIES	$320M
Common Stock	$3M
Additional Paid-In Capital	$97M
Retained Earnings	$288M
Treasury Stock	-$18M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$361M
Minority Interest	$0
TOTAL EQUITY	$361M
TOTAL LIABILITIES & EQUITY	$680M
Total Debt	$120M
Net Debt	$104M