NEU FY 2016 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2016 Earnings

Reported February 15, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.1B	—	-4.3%
Op. Income	$363M	—	$357M	—	1.7%
Gross Margin	33.2%	—	31.7%	—	1.5pp
Net Margin	11.9%	—	11.1%	—	0.7pp
EPS (Diluted)	$20.54	—	$19.45	—	5.6%
Free Cash Flow	$211M	—	$142M	—	48.8%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$681M
R&D Expenses	$157M
Selling & Marketing	$0
General & Administrative	$161M
SG&A Expenses	$161M
Other Expenses	-$3M
Operating Expenses	$318M
Cost & Expenses	$1.7B
OPERATING INCOME	$363M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$343M
Income Tax Expense	$100M
Net Income from Continuing Ops	$243M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$243M
Net Income Deductions	-$477.0K
BOTTOM LINE NET INCOME	$243M
D&A	$44M
EBIT	$360M
EBITDA	$405M
EPS	$21
EPS Diluted	$21

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$681M
R&D Expenses	$157M
Selling & Marketing	$0
General & Administrative	$161M
SG&A Expenses	$161M
Other Expenses	-$3M
Operating Expenses	$318M
Cost & Expenses	$1.7B
OPERATING INCOME	$363M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$343M
Income Tax Expense	$100M
Net Income from Continuing Ops	$243M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$243M
Net Income Deductions	-$477.0K
BOTTOM LINE NET INCOME	$243M
D&A	$44M
EBIT	$360M
EBITDA	$405M
EPS	$21
EPS Diluted	$21

Cash Flow Statement

Item	Amount
Net Income	$243M
Depreciation & Amortization	$45M
Stock-Based Compensation	$0
Deferred Income Tax	$19M
Other Non-Cash Items	$25M
Change in Working Capital	$23M
OPERATING CASH FLOW	$353M
Capital Expenditure	-$143M
Acquisitions (Net)	$0
Purchases of Investments	-$8M
Sales/Maturities of Investments	$12M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$21M
Common Stock Repurchased	-$36M
Common Dividends Paid	-$76M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$103M
FREE CASH FLOW	$211M
Net Change in Cash	$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$0
Net Receivables	$307M
Inventory	$312M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$837M
PP&E (Net)	$504M
Goodwill	$4M
Intangible Assets	$6M
Long-Term Investments	$26M
Tax Assets	$29M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$580M
TOTAL ASSETS	$1.4B
Account Payables	$142M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$102M
TOTAL CURRENT LIABILITIES	$295M
Long-Term Debt	$507M
Deferred Revenue NC	-$9M
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$117M
TOTAL NON-CURRENT LIABILITIES	$639M
TOTAL LIABILITIES	$933M
Common Stock	$2M
Additional Paid-In Capital	$2M
Retained Earnings	$664M
Treasury Stock	$0
Accum. Other Comp. Income	-$183M
Other Equity	-$2M
TOTAL STOCKHOLDERS' EQUITY	$483M
Minority Interest	$0
TOTAL EQUITY	$483M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$507M
Net Debt	$315M