AVNT FY 2006 Earnings Report — Avient Corporation Revenue & Financial Results | Market Cap Arena

Avient CorporationAVNT

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$2.6B	—	—	—	—
Op. Income	$190M	—	—	—	—
Gross Margin	13.0%	—	—	—	—
Net Margin	4.7%	—	—	—	—
EPS (Diluted)	$1.33	—	—	—	—
Free Cash Flow	$71M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.3B
GROSS PROFIT	$340M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$201M
Other Expenses	-$52M
Operating Expenses	$150M
Cost & Expenses	$2.4B
OPERATING INCOME	$190M
Interest Income	$3M
Interest Expense	$83M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$120M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$57M
EBIT	$190M
EBITDA	$247M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.3B
GROSS PROFIT	$340M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$201M
Other Expenses	-$52M
Operating Expenses	$150M
Cost & Expenses	$2.4B
OPERATING INCOME	$190M
Interest Income	$3M
Interest Expense	$83M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$120M
Income Tax Expense	-$6M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$57M
EBIT	$190M
EBITDA	$247M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$123M
Depreciation & Amortization	$57M
Stock-Based Compensation	$0
Deferred Income Tax	-$14M
Other Non-Cash Items	$3M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$41M
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	-$67M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$63M
FREE CASH FLOW	$71M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$0
Net Receivables	$316M
Inventory	$241M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$669M
PP&E (Net)	$442M
Goodwill	$287M
Intangible Assets	$9M
Long-Term Investments	$0
Tax Assets	$25M
Other Non-Current Assets	$341M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.8B
Account Payables	$221M
Short-Term Debt	$28M
Deferred Revenue	$0
Other Current Liabilities	$79M
TOTAL CURRENT LIABILITIES	$342M
Long-Term Debt	$568M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$284M
TOTAL NON-CURRENT LIABILITIES	$852M
TOTAL LIABILITIES	$1.2B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	-$67M
Treasury Stock	-$326M
Accum. Other Comp. Income	-$99M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$575M
Minority Interest	$6M
TOTAL EQUITY	$580M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$595M
Net Debt	$529M