AVNT FY 2015 Earnings Report — Avient Corporation Revenue & Financial Results | Market Cap Arena

Avient CorporationAVNT

FY 2015 Earnings

Reported February 12, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.4B	—	—	—	—
Op. Income	$251M	—	—	—	—
Gross Margin	20.2%	—	—	—	—
Net Margin	4.3%	—	—	—	—
EPS (Diluted)	$1.63	—	—	—	—
Free Cash Flow	$136M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.7B
GROSS PROFIT	$682M
R&D Expenses	$53M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$431M
Other Expenses	-$3M
Operating Expenses	$431M
Cost & Expenses	$3.1B
OPERATING INCOME	$251M
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$83M
INCOME BEFORE TAX	$168M
Income Tax Expense	$23M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$116M
EBIT	$238M
EBITDA	$364M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.7B
GROSS PROFIT	$682M
R&D Expenses	$53M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$431M
Other Expenses	-$3M
Operating Expenses	$431M
Cost & Expenses	$3.1B
OPERATING INCOME	$251M
Interest Income	$0
Interest Expense	$64M
Other Income/Expenses	-$83M
INCOME BEFORE TAX	$168M
Income Tax Expense	$23M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$145M
D&A	$116M
EBIT	$238M
EBITDA	$364M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$145M
Depreciation & Amortization	$116M
Stock-Based Compensation	$9M
Deferred Income Tax	-$27M
Other Non-Cash Items	$44M
Change in Working Capital	-$59M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$91M
Acquisitions (Net)	-$15M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$107M
Net Debt Issuance	$137M
Common Stock Repurchased	-$156M
Common Dividends Paid	-$36M
Other Financing Activities	-$19M
NET CASH FROM FINANCING	-$70M
FREE CASH FLOW	$136M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$280M
Short-Term Investments	$0
Net Receivables	$347M
Inventory	$287M
Other Current Assets	$47M
TOTAL CURRENT ASSETS	$961M
PP&E (Net)	$584M
Goodwill	$598M
Intangible Assets	$345M
Long-Term Investments	-$34M
Tax Assets	$34M
Other Non-Current Assets	$109M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.6B
Account Payables	$352M
Short-Term Debt	$19M
Deferred Revenue	$121M
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$498M
Long-Term Debt	$1.1B
Deferred Revenue NC	$44M
Deferred Tax Liabilities	$34M
Other Non-Current Liabilities	$230M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.9B
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$367M
Treasury Stock	-$748M
Accum. Other Comp. Income	-$71M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$704M
Minority Interest	$1M
TOTAL EQUITY	$705M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$1.1B
Net Debt	$867M