NEU FY 2020 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2020 Earnings

Reported February 16, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.2B	—	-8.2%
Op. Income	$312M	—	$337M	—	-7.6%
Gross Margin	29.6%	—	28.8%	—	0.8pp
Net Margin	13.5%	—	11.6%	—	1.8pp
EPS (Diluted)	$24.64	—	$22.77	—	8.2%
Free Cash Flow	$191M	—	$278M	—	-31.3%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$595M
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$143M
Other Expenses	$0
Operating Expenses	$283M
Cost & Expenses	$1.7B
OPERATING INCOME	$312M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	$19M
INCOME BEFORE TAX	$331M
Income Tax Expense	$61M
Net Income from Continuing Ops	$271M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$271M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$270M
D&A	$84M
EBIT	$358M
EBITDA	$442M
EPS	$25
EPS Diluted	$25

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$595M
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$143M
Other Expenses	$0
Operating Expenses	$283M
Cost & Expenses	$1.7B
OPERATING INCOME	$312M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	$19M
INCOME BEFORE TAX	$331M
Income Tax Expense	$61M
Net Income from Continuing Ops	$271M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$271M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$270M
D&A	$84M
EBIT	$358M
EBITDA	$442M
EPS	$25
EPS Diluted	$25

Cash Flow Statement

Item	Amount
Net Income	$271M
Depreciation & Amortization	$84M
Stock-Based Compensation	$0
Deferred Income Tax	$8M
Other Non-Cash Items	-$24M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$284M
Capital Expenditure	-$93M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$74M
Net Debt Issuance	-$45M
Common Stock Repurchased	-$101M
Common Dividends Paid	-$83M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$231M
FREE CASH FLOW	$191M
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$125M
Short-Term Investments	$0
Net Receivables	$336M
Inventory	$401M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$898M
PP&E (Net)	$737M
Goodwill	$124M
Intangible Assets	$6M
Long-Term Investments	$3M
Tax Assets	$8M
Other Non-Current Assets	$158M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.9B
Account Payables	$190M
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$312M
Long-Term Debt	$599M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$144M
TOTAL NON-CURRENT LIABILITIES	$862M
TOTAL LIABILITIES	$1.2B
Common Stock	$717.0K
Additional Paid-In Capital	$0
Retained Earnings	$932M
Treasury Stock	$0
Accum. Other Comp. Income	-$173M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$760M
Minority Interest	$0
TOTAL EQUITY	$760M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$673M
Net Debt	$548M