VVV FY 2015 Earnings Report — Valvoline Inc. Revenue & Financial Results | Market Cap Arena

Valvoline Inc.VVV

FY 2015 Earnings

Reported September 29, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.0B	—	-3.6%
Op. Income	$323M	—	$264M	—	22.4%
Gross Margin	34.8%	—	31.0%	—	3.9pp
Net Margin	10.0%	—	8.5%	—	1.5pp
EPS (Diluted)	$0.98	—	$0.87	—	12.6%
Free Cash Flow	$285M	—	$133M	—	114.3%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.3B
GROSS PROFIT	$685M
R&D Expenses	$11M
Selling & Marketing	$56M
General & Administrative	$235M
SG&A Expenses	$291M
Other Expenses	$0
Operating Expenses	$360M
Cost & Expenses	$1.6B
OPERATING INCOME	$323M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$297M
Income Tax Expense	$101M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	-$100.0K
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$38M
EBIT	$297M
EBITDA	$363M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.3B
GROSS PROFIT	$685M
R&D Expenses	$11M
Selling & Marketing	$56M
General & Administrative	$235M
SG&A Expenses	$291M
Other Expenses	$0
Operating Expenses	$360M
Cost & Expenses	$1.6B
OPERATING INCOME	$323M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$297M
Income Tax Expense	$101M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	-$100.0K
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$38M
EBIT	$297M
EBITDA	$363M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$196M
Depreciation & Amortization	$38M
Stock-Based Compensation	$0
Deferred Income Tax	-$9M
Other Non-Cash Items	$48M
Change in Working Capital	$57M
OPERATING CASH FLOW	$330M
Capital Expenditure	-$45M
Acquisitions (Net)	$18M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$304M
NET CASH FROM FINANCING	-$304M
FREE CASH FLOW	$285M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$200.0K
Short-Term Investments	$100.0K
Net Receivables	$335M
Inventory	$126M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$477M
PP&E (Net)	$254M
Goodwill	$169M
Intangible Assets	$2M
Long-Term Investments	$29M
Tax Assets	$8M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$501M
TOTAL ASSETS	$978M
Account Payables	$174M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$80M
TOTAL CURRENT LIABILITIES	$299M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$34M
TOTAL NON-CURRENT LIABILITIES	$62M
TOTAL LIABILITIES	$361M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$61M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$617M
Minority Interest	$0
TOTAL EQUITY	$617M
TOTAL LIABILITIES & EQUITY	$978M
Total Debt	$4M
Net Debt	$4M