AVD FY 2021 Earnings Report — American Vanguard Corporation Revenue & Financial Results | Market Cap Arena

American Vanguard CorporationAVD

FY 2021 Earnings

Reported March 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$558M	—	$459M	—	21.6%
Op. Income	$31M	—	$23M	—	35.1%
Gross Margin	30.6%	—	37.6%	—	-7.0pp
Net Margin	3.3%	—	3.3%	—	0.0pp
EPS (Diluted)	$0.61	—	$0.51	—	19.6%
Free Cash Flow	$76M	—	$75M	—	1.7%

Revenue Flow

Item	Amount
REVENUE	$558M
Cost of Revenue	$387M
GROSS PROFIT	$171M
R&D Expenses	$29M
Selling & Marketing	$5M
General & Administrative	$106M
SG&A Expenses	$111M
Other Expenses	-$171.0K
Operating Expenses	$140M
Cost & Expenses	$527M
OPERATING INCOME	$31M
Interest Income	$65.0K
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$27M
Income Tax Expense	$8M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$26M
EBIT	$31M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$558M
Cost of Revenue	$387M
GROSS PROFIT	$171M
R&D Expenses	$29M
Selling & Marketing	$5M
General & Administrative	$106M
SG&A Expenses	$111M
Other Expenses	-$171.0K
Operating Expenses	$140M
Cost & Expenses	$527M
OPERATING INCOME	$31M
Interest Income	$65.0K
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$27M
Income Tax Expense	$8M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$26M
EBIT	$31M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$26M
Stock-Based Compensation	$7M
Deferred Income Tax	-$4M
Other Non-Cash Items	$2M
Change in Working Capital	$36M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$10M
Acquisitions (Net)	-$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	-$56M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$2M
Other Financing Activities	-$386.0K
NET CASH FROM FINANCING	-$66M
FREE CASH FLOW	$76M
Net Change in Cash	$362.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$0
Net Receivables	$159M
Inventory	$154M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$342M
PP&E (Net)	$91M
Goodwill	$46M
Intangible Assets	$198M
Long-Term Investments	$4M
Tax Assets	$270.0K
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$352M
TOTAL ASSETS	$694M
Account Payables	$67M
Short-Term Debt	$0
Deferred Revenue	$63M
Other Current Liabilities	$802.0K
TOTAL CURRENT LIABILITIES	$223M
Long-Term Debt	$52M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$98M
TOTAL LIABILITIES	$321M
Common Stock	$3M
Additional Paid-In Capital	$101M
Retained Earnings	$304M
Treasury Stock	-$23M
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$373M
Minority Interest	$0
TOTAL EQUITY	$373M
TOTAL LIABILITIES & EQUITY	$694M
Total Debt	$78M
Net Debt	$62M