NEU FY 2010 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2010 Earnings

Reported February 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.5B	—	17.5%
Op. Income	$287M	—	$262M	—	9.5%
Gross Margin	28.7%	—	30.3%	—	-1.6pp
Net Margin	9.9%	—	10.6%	—	-0.8pp
EPS (Diluted)	$12.09	—	$10.65	—	13.5%
Free Cash Flow	$128M	—	$135M	—	-5.7%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$515M
R&D Expenses	$91M
Selling & Marketing	$0
General & Administrative	$137M
SG&A Expenses	$137M
Other Expenses	$0
Operating Expenses	$228M
Cost & Expenses	$1.5B
OPERATING INCOME	$287M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$260M
Income Tax Expense	$83M
Net Income from Continuing Ops	$177M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$177M
D&A	$38M
EBIT	$277M
EBITDA	$315M
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$515M
R&D Expenses	$91M
Selling & Marketing	$0
General & Administrative	$137M
SG&A Expenses	$137M
Other Expenses	$0
Operating Expenses	$228M
Cost & Expenses	$1.5B
OPERATING INCOME	$287M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$260M
Income Tax Expense	$83M
Net Income from Continuing Ops	$177M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$177M
D&A	$38M
EBIT	$277M
EBITDA	$315M
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$177M
Depreciation & Amortization	$38M
Stock-Based Compensation	$3M
Deferred Income Tax	$2M
Other Non-Cash Items	$7M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$36M
Acquisitions (Net)	-$41M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	-$33M
Common Stock Repurchased	-$122M
Common Dividends Paid	-$23M
Other Financing Activities	-$198.0K
NET CASH FROM FINANCING	-$176M
FREE CASH FLOW	$128M
Net Change in Cash	-$103M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$300.0K
Net Receivables	$258M
Inventory	$273M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$603M
PP&E (Net)	$334M
Goodwill	$5M
Intangible Assets	$41M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$460M
TOTAL ASSETS	$1.1B
Account Payables	$109M
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$46M
TOTAL CURRENT LIABILITIES	$206M
Long-Term Debt	$218M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$147M
TOTAL NON-CURRENT LIABILITIES	$365M
TOTAL LIABILITIES	$571M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$565M
Treasury Stock	$0
Accum. Other Comp. Income	-$74M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$492M
Minority Interest	$0
TOTAL EQUITY	$492M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$223M
Net Debt	$174M