OLN FY 2021 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$8.9B	—	$5.8B	—	54.8%
Op. Income	$1.9B	—	-$747M	—	347.9%
Gross Margin	25.7%	—	6.7%	—	19.1pp
Net Margin	14.6%	—	-16.8%	—	31.4pp
EPS (Diluted)	$7.96	—	$-6.14	—	229.6%
Free Cash Flow	$1.5B	—	$134M	—	1048.7%

Revenue Flow

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$6.6B
GROSS PROFIT	$2.3B
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$381M
Other Expenses	$40M
Operating Expenses	$441M
Cost & Expenses	$7.1B
OPERATING INCOME	$1.9B
Interest Income	$200.0K
Interest Expense	$348M
Other Income/Expenses	-$312M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$242M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$583M
EBIT	$1.9B
EBITDA	$2.5B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$6.6B
GROSS PROFIT	$2.3B
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$381M
Other Expenses	$40M
Operating Expenses	$441M
Cost & Expenses	$7.1B
OPERATING INCOME	$1.9B
Interest Income	$200.0K
Interest Expense	$348M
Other Income/Expenses	-$312M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$242M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$583M
EBIT	$1.9B
EBITDA	$2.5B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$583M
Stock-Based Compensation	$8M
Deferred Income Tax	-$43M
Other Non-Cash Items	$126M
Change in Working Capital	-$230M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$201M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$197M
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$252M
Common Dividends Paid	-$128M
Other Financing Activities	-$69M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$1.5B
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$181M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$868M
Other Current Assets	$93M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$3.3B
Goodwill	$1.4B
Intangible Assets	$1.4B
Long-Term Investments	$8M
Tax Assets	$99M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$8.5B
Account Payables	$848M
Short-Term Debt	$278M
Deferred Revenue	$0
Other Current Liabilities	$240M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$559M
Other Non-Current Liabilities	$744M
TOTAL NON-CURRENT LIABILITIES	$4.2B
TOTAL LIABILITIES	$5.9B
Common Stock	$157M
Additional Paid-In Capital	$2.0B
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$488M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$8.5B
Total Debt	$3.2B
Net Debt	$3.0B