NEU FY 2022 Earnings Report — NewMarket Corporation Revenue & Financial Results | Market Cap Arena

NewMarket CorporationNEU

FY 2022 Earnings

Reported February 15, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.4B	—	17.3%
Op. Income	$355M	—	$258M	—	37.8%
Gross Margin	23.2%	—	23.2%	—	-0.1pp
Net Margin	10.1%	—	8.1%	—	2.0pp
EPS (Diluted)	$27.77	—	$17.71	—	56.8%
Free Cash Flow	$52M	—	$86M	—	-39.3%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.1B
GROSS PROFIT	$640M
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$145M
Other Expenses	$0
Operating Expenses	$285M
Cost & Expenses	$2.4B
OPERATING INCOME	$355M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$348M
Income Tax Expense	$68M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$279M
D&A	$82M
EBIT	$383M
EBITDA	$465M
EPS	$28
EPS Diluted	$28

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.1B
GROSS PROFIT	$640M
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$145M
Other Expenses	$0
Operating Expenses	$285M
Cost & Expenses	$2.4B
OPERATING INCOME	$355M
Interest Income	$0
Interest Expense	$35M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$348M
Income Tax Expense	$68M
Net Income from Continuing Ops	$280M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$279M
D&A	$82M
EBIT	$383M
EBITDA	$465M
EPS	$28
EPS Diluted	$28

Cash Flow Statement

Item	Amount
Net Income	$280M
Depreciation & Amortization	$82M
Stock-Based Compensation	$0
Deferred Income Tax	-$43M
Other Non-Cash Items	-$6M
Change in Working Capital	-$205M
OPERATING CASH FLOW	$109M
Capital Expenditure	-$56M
Acquisitions (Net)	$0
Purchases of Investments	-$787.0K
Sales/Maturities of Investments	$373M
Other Investing Activities	$0
NET CASH FROM INVESTING	$316M
Net Debt Issuance	-$144M
Common Stock Repurchased	-$207M
Common Dividends Paid	-$84M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$439M
FREE CASH FLOW	$52M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$0
Net Receivables	$454M
Inventory	$631M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$722M
Goodwill	$124M
Intangible Assets	$2M
Long-Term Investments	$3M
Tax Assets	$4M
Other Non-Current Assets	$360M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.4B
Account Payables	$273M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$48M
TOTAL CURRENT LIABILITIES	$424M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$85M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.6B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$834M
Treasury Stock	$0
Accum. Other Comp. Income	-$72M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$762M
Minority Interest	$0
TOTAL EQUITY	$762M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$1.1B
Net Debt	$1.0B