NEU FY 2019 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2019 Earnings

Reported February 18, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.3B	—	-4.3%
Op. Income	$337M	—	$293M	—	15.3%
Gross Margin	28.8%	—	25.6%	—	3.2pp
Net Margin	11.6%	—	10.3%	—	1.4pp
EPS (Diluted)	$22.77	—	$20.34	—	11.9%
Free Cash Flow	$278M	—	$123M	—	125.3%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$630M
R&D Expenses	$144M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$148M
Other Expenses	$0
Operating Expenses	$293M
Cost & Expenses	$1.9B
OPERATING INCOME	$337M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$332M
Income Tax Expense	$77M
Net Income from Continuing Ops	$254M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$254M
Net Income Deductions	-$441.0K
BOTTOM LINE NET INCOME	$254M
D&A	$88M
EBIT	$361M
EBITDA	$448M
EPS	$23
EPS Diluted	$23

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$630M
R&D Expenses	$144M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$148M
Other Expenses	$0
Operating Expenses	$293M
Cost & Expenses	$1.9B
OPERATING INCOME	$337M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$332M
Income Tax Expense	$77M
Net Income from Continuing Ops	$254M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$254M
Net Income Deductions	-$441.0K
BOTTOM LINE NET INCOME	$254M
D&A	$88M
EBIT	$361M
EBITDA	$448M
EPS	$23
EPS Diluted	$23

Cash Flow Statement

Item	Amount
Net Income	$254M
Depreciation & Amortization	$88M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	-$17M
Change in Working Capital	$5M
OPERATING CASH FLOW	$337M
Capital Expenditure	-$59M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	-$123M
Common Stock Repurchased	$0
Common Dividends Paid	-$82M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$208M
FREE CASH FLOW	$278M
Net Change in Cash	$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$144M
Short-Term Investments	$0
Net Receivables	$336M
Inventory	$366M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$879M
PP&E (Net)	$709M
Goodwill	$123M
Intangible Assets	$9M
Long-Term Investments	$6M
Tax Assets	$6M
Other Non-Current Assets	$153M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.9B
Account Payables	$179M
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$309M
Long-Term Debt	$643M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$57M
Other Non-Current Liabilities	$135M
TOTAL NON-CURRENT LIABILITIES	$893M
TOTAL LIABILITIES	$1.2B
Common Stock	$2M
Additional Paid-In Capital	$0
Retained Earnings	$844M
Treasury Stock	$0
Accum. Other Comp. Income	-$163M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$683M
Minority Interest	$0
TOTAL EQUITY	$683M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$718M
Net Debt	$574M