NEU FY 2009 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2009 Earnings

Reported February 19, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.6B	—	-5.4%
Op. Income	$262M	—	$116M	—	125.4%
Gross Margin	30.3%	—	19.4%	—	10.8pp
Net Margin	10.6%	—	4.5%	—	6.1pp
EPS (Diluted)	$10.65	—	$4.75	—	124.2%
Free Cash Flow	$135M	—	-$54M	—	350.7%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$463M
R&D Expenses	$86M
Selling & Marketing	$0
General & Administrative	$115M
SG&A Expenses	$115M
Other Expenses	$0
Operating Expenses	$201M
Cost & Expenses	$1.3B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$239M
Income Tax Expense	$77M
Net Income from Continuing Ops	$162M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$162M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$32M
EBIT	$251M
EBITDA	$284M
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$463M
R&D Expenses	$86M
Selling & Marketing	$0
General & Administrative	$115M
SG&A Expenses	$115M
Other Expenses	$0
Operating Expenses	$201M
Cost & Expenses	$1.3B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$239M
Income Tax Expense	$77M
Net Income from Continuing Ops	$162M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$162M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$162M
D&A	$32M
EBIT	$251M
EBITDA	$284M
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$162M
Depreciation & Amortization	$32M
Stock-Based Compensation	$0
Deferred Income Tax	$4M
Other Non-Cash Items	$3M
Change in Working Capital	$23M
OPERATING CASH FLOW	$224M
Capital Expenditure	-$89M
Acquisitions (Net)	$0
Purchases of Investments	-$300.0K
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	$14M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$135M
Net Change in Cash	$130M

Balance Sheet

Item	Amount
Cash & Equivalents	$152M
Short-Term Investments	$300.0K
Net Receivables	$215M
Inventory	$191M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$601M
PP&E (Net)	$304M
Goodwill	$861.0K
Intangible Assets	$44M
Long-Term Investments	-$45M
Tax Assets	$35M
Other Non-Current Assets	$85M
TOTAL NON-CURRENT ASSETS	$423M
TOTAL ASSETS	$1.0B
Account Payables	$88M
Short-Term Debt	$36M
Deferred Revenue	$0
Other Current Liabilities	$40M
TOTAL CURRENT LIABILITIES	$195M
Long-Term Debt	$219M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$153M
TOTAL NON-CURRENT LIABILITIES	$371M
TOTAL LIABILITIES	$566M
Common Stock	$275.0K
Additional Paid-In Capital	$275.0K
Retained Earnings	$533M
Treasury Stock	$0
Accum. Other Comp. Income	-$75M
Other Equity	-$275.0K
TOTAL STOCKHOLDERS' EQUITY	$458M
Minority Interest	$0
TOTAL EQUITY	$458M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$252M
Net Debt	$100M