NEU FY 2015 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

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	$2.1B	—	$2.3B	—	-8.3%
Op. Income	$357M	—	$363M	—	-1.7%
Gross Margin	31.7%	—	28.5%	—	3.2pp
Net Margin	11.1%	—	10.0%	—	1.2pp
EPS (Diluted)	$19.45	—	$18.38	—	5.8%
Free Cash Flow	$142M	—	$175M	—	-19.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$679M
R&D Expenses	$158M
Selling & Marketing	$0
General & Administrative	$164M
SG&A Expenses	$164M
Other Expenses	-$3M
Operating Expenses	$322M
Cost & Expenses	$1.8B
OPERATING INCOME	$357M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$339M
Income Tax Expense	$100M
Net Income from Continuing Ops	$239M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	-$482.0K
BOTTOM LINE NET INCOME	$238M
D&A	$42M
EBIT	$354M
EBITDA	$396M
EPS	$19
EPS Diluted	$19

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$679M
R&D Expenses	$158M
Selling & Marketing	$0
General & Administrative	$164M
SG&A Expenses	$164M
Other Expenses	-$3M
Operating Expenses	$322M
Cost & Expenses	$1.8B
OPERATING INCOME	$357M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$339M
Income Tax Expense	$100M
Net Income from Continuing Ops	$239M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$239M
Net Income Deductions	-$482.0K
BOTTOM LINE NET INCOME	$238M
D&A	$42M
EBIT	$354M
EBITDA	$396M
EPS	$19
EPS Diluted	$19

Cash Flow Statement

Item	Amount
Net Income	$239M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$150.0K
Other Non-Cash Items	$10M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$268M
Capital Expenditure	-$126M
Acquisitions (Net)	$0
Purchases of Investments	-$16M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$126M
Net Debt Issuance	$123M
Common Stock Repurchased	-$195M
Common Dividends Paid	-$71M
Other Financing Activities	-$791.0K
NET CASH FROM FINANCING	-$135M
FREE CASH FLOW	$142M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$93M
Short-Term Investments	$0
Net Receivables	$288M
Inventory	$352M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$775M
PP&E (Net)	$402M
Goodwill	$5M
Intangible Assets	$6M
Long-Term Investments	$20M
Tax Assets	$38M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$515M
TOTAL ASSETS	$1.3B
Account Payables	$129M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$92M
TOTAL CURRENT LIABILITIES	$264M
Long-Term Debt	$495M
Deferred Revenue NC	-$10M
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$134M
TOTAL NON-CURRENT LIABILITIES	$639M
TOTAL LIABILITIES	$902M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$532M
Treasury Stock	$0
Accum. Other Comp. Income	-$145M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$388M
Minority Interest	$0
TOTAL EQUITY	$388M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$495M
Net Debt	$401M