NEU FY 2012 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2012 Earnings

Reported February 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.1B	—	3.4%
Op. Income	$365M	—	$341M	—	7.3%
Gross Margin	28.7%	—	26.0%	—	2.7pp
Net Margin	10.8%	—	9.6%	—	1.2pp
EPS (Diluted)	$17.85	—	$15.09	—	18.3%
Free Cash Flow	$234M	—	$131M	—	78.6%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$638M
R&D Expenses	$118M
Selling & Marketing	$0
General & Administrative	$154M
SG&A Expenses	$154M
Other Expenses	$0
Operating Expenses	$272M
Cost & Expenses	$1.9B
OPERATING INCOME	$365M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$341M
Income Tax Expense	$102M
Net Income from Continuing Ops	$240M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$240M
Net Income Deductions	-$316.0K
BOTTOM LINE NET INCOME	$239M
D&A	$43M
EBIT	$346M
EBITDA	$406M
EPS	$18
EPS Diluted	$18

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$638M
R&D Expenses	$118M
Selling & Marketing	$0
General & Administrative	$154M
SG&A Expenses	$154M
Other Expenses	$0
Operating Expenses	$272M
Cost & Expenses	$1.9B
OPERATING INCOME	$365M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$341M
Income Tax Expense	$102M
Net Income from Continuing Ops	$240M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$240M
Net Income Deductions	-$316.0K
BOTTOM LINE NET INCOME	$239M
D&A	$43M
EBIT	$346M
EBITDA	$406M
EPS	$18
EPS Diluted	$18

Cash Flow Statement

Item	Amount
Net Income	$240M
Depreciation & Amortization	$43M
Stock-Based Compensation	$429.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$6M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$273M
Capital Expenditure	-$39M
Acquisitions (Net)	$0
Purchases of Investments	-$28M
Sales/Maturities of Investments	$6M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	$179M
Common Stock Repurchased	$0
Common Dividends Paid	-$376M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$197M
FREE CASH FLOW	$234M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$89M
Short-Term Investments	$0
Net Receivables	$297M
Inventory	$323M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$735M
PP&E (Net)	$358M
Goodwill	$5M
Intangible Assets	$26M
Long-Term Investments	$13M
Tax Assets	$48M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$522M
TOTAL ASSETS	$1.3B
Account Payables	$119M
Short-Term Debt	$8M
Deferred Revenue	$87M
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$217M
Long-Term Debt	$424M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$214M
TOTAL NON-CURRENT LIABILITIES	$639M
TOTAL LIABILITIES	$855M
Common Stock	$721.0K
Additional Paid-In Capital	$721.0K
Retained Earnings	$512M
Treasury Stock	$0
Accum. Other Comp. Income	-$111M
Other Equity	-$721.0K
TOTAL STOCKHOLDERS' EQUITY	$402M
Minority Interest	$0
TOTAL EQUITY	$402M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$433M
Net Debt	$344M