Company name:

Valvoline Inc

  • IPO SHARE PRICE:
    $22.00
  • IPO DATE:
    September 23, 2016
  • TICKER:
    VVV
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    100 Valvoline Way Lexington Kentucky 40509
  • FISCAL YEAR END:
    September 30
  • INCORPORATION JURISDICTION:
    None
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Valvoline Inc

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Statement of Cash Flow

Quarterly Annual
(USD in thousand)
Selected Year:
30-Sep
2020
OPERATING ACTIVITIES
Cash received and spent on operating activites of business — buying materials, paying salaries, receiving payments from clients, etc
62.4% - Net income (loss)
18.1% - Deferred income taxes
13.0% - Depreciation and amortization
3.7% - (Gain) loss on repayment of debt
2.4% - Stock-based compensation
0.4% - Other
SOURCEs
13.0% 3.7% 18.1% 62.4%
100 %
0%
USES
73.2% 15.9% 4.3%
15.9% - Other assets and liabilities
4.3% - (Gain) loss on pension and postretirement plan remeasurements
2.2% - Pension contributions
2.2% - Receivables
1.4% - Income from equity method investment
0.6% - Payables and accrued liabilities
0.2% - Inventory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
 $166,000 $208,000 $317,000 $331,000 $348,000
Depreciation and amortization
$45,679
$45,679
$45,679
$45,679
 54,000 61,000 66,000 71,000 84,000
Amortization of debt issuance costs
$45,679
$45,679
-
-
 - - - - -
Amortization of debt original issue discount and issuance cost Amortization of debt original issue discount and issuance cost
-
-
$45,679
-
 - - - - -
Stock-based compensation
-
$45,679
$45,679
$45,679
 12,000 9,000 12,000 11,000 12,000
Pension contributions
$45,679
$45,679
$45,679
$45,679
 (16,000) (10,000) (11,000) (8,000) (4,000)
Deferred income taxes
$45,679
$45,679
$45,679
$45,679
 145,000 23,000 92,000 92,000 -
Distributions from affiliates
$45,679
-
-
-
 - - - - -
Income from equity method investment
$45,679
$45,679
$45,679
$45,679
 (4,000) (3,000) (7,000) (5,000) -
Net loss on acquisition and divestiture
$45,679
$45,679
-
-
 - - - - -
Impairment of equity method investment
$45,679
$45,679
-
-
 - - - - -
(Gain) loss on repayment of debt
-
-
-
-
 - - 19,000 19,000 -
(Gain) loss on pension and postretirement plan remeasurements (Gain) loss on pension and postretirement plan remeasurements
$45,679
$45,679
$45,679
$45,679
 38,000 69,000 (22,000) (22,000) -
Accounts receivable
$45,679
$45,679
$45,679
$45,679
 (38,000) (30,000) - 37,000 -
Receivables
-
-
-
-
 (38,000) (30,000) (11,000) (4,000) 28,000
Inventory
$45,679
$45,679
$45,679
$45,679
 (4,000) (10,000) (1,000) (9,000) (16,000)
Accounts payable
$45,679
-
-
-
 - - - - -
Payables and accrued liabilities
-
$45,679
$45,679
$45,679
 (2,000) 37,000 (3,000) 4,000 (160,000)
Accrued expenses and other liabilities
$45,679
-
-
-
 - - - - -
Other
-
-
$45,679
$45,679
 4,000 (2,000) 2,000 - -
Other assets and liabilities
$45,679
$45,679
$45,679
$45,679
 (35,000) (27,000) (81,000) (81,000) 24,000
Net cash provided by (used in) operating activities
$45,679
$45,679
$45,679
$45,679
 $320,000 $325,000 $372,000 $392,000 $316,000
Selected Year:
30-Sep
2020
INVESTING ACTIVITIES
Cash spent on acquiring plant, equipment and other businesses, cash recei0 from sale of plant, equipment and subsidiaries as well cash parked temporarily in different securities - government bonds typically
SOURCEs
0%
100 %
0%
USES
68.0% 18.0% 14.0%
68.0% - (Purchase) sale of property plant and equipment
18.0% - Acquisition of business net of cash
14.0% - Notes receivable net of repayments
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
(Purchase) sale of property plant and equipment
$45,679
$45,679
$45,679
$45,679
 (93,000) (108,000) (151,000) (158,000) (140,000)
Sale of operations
$45,679
$45,679
-
-
 - - - - -
Notes receivable net of repayments
-
-
-
-
 - (2,000) (31,000) (31,000) -
Acquisitions
-
$45,679
$45,679
$45,679
 (125,000) (78,000) - (5,000) -
Acquisition of business net of cash
-
-
-
-
 (125,000) (78,000) (40,000) (258,000) (872,000)
Acquisition of operations net of cash
$45,679
-
-
-
 - - - - -
Other investing activities
-
-
$45,679
$45,679
 5,000 (2,000) - (3,000) (4,000)
Net cash provided by (used in) investing activities
$45,679
$45,679
$45,679
$45,679
 ($213,000) ($188,000) ($222,000) ($432,000) ($980,000)
Selected Year:
30-Sep
2020
FINANCING ACTIVITIES
Items in this group are concerned with borrowing funds, repaying debt, issuing equity, buying back shares, etc.
100.0% - Borrowing
SOURCEs
100.0%
100 %
0%
USES
28.9% 5.4% 59.6% 3.9%
59.6% - Repayment of debt
5.4% - Dividends paid
3.9% - Repurchases of common stock
1.0% - Debt issuance costs and discounts
1.0% - Fees for early debt repayment
0.3% - Other financing activities
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Initial Public Offering (IPO) net
$45,679
-
$45,679
-
 - - - - -
Repayment of debt
$45,679
$45,679
$45,679
$45,679
 (108,000) (734,000) (929,000) (929,000) -
Borrowing
$45,679
$45,679
$45,679
$45,679
 304,000 750,000 1,558,000 1,569,000 44,000
Debt issuance costs and discounts
-
-
-
-
 (1,000) (2,000) (16,000) (16,000) -
Fees for early debt repayment
-
-
-
-
 - - (15,000) (15,000) -
Payments for purchase of additional ownership in subsidiary Payments for purchase of additional ownership in subsidiary
-
-
-
-
 (15,000) (1,000) - - -
Purchase of additional ownership in subsidiary
-
-
$45,679
$45,679
 (15,000) (1,000) - - -
Dividends paid
-
$45,679
$45,679
$45,679
 (58,000) (80,000) (84,000) (86,000) (92,000)
Capital contribution in cash form from parent
$45,679
-
-
-
 - - - - -
Cash contributions from Ashland
-
-
$45,679
-
 - - - - -
Net transfers from (to) Ashland
-
$45,679
$45,679
$45,679
 - - - - -
Net transfers to parent
$45,679
-
-
-
 - - - - -
Repurchases of common stock
-
$45,679
$45,679
$45,679
 (325,000) - (60,000) (118,000) (232,000)
Other financing activities
-
-
$45,679
$45,679
 (7,000) (6,000) (4,000) (5,000) (12,000)
Net cash provided by (used in) financing activities
$45,679
$45,679
$45,679
$45,679
 ($209,000) ($71,000) $450,000 $400,000 ($292,000)
Selected Year:
30-Sep
2020
NET CHANGE IN CASH
Grand Total for sum of cash flows coming from operations, investing and financing
$602,000,000
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cash and equivalents - Beginning of period
$45,679
$45,679
$45,679
$45,679
 $201,000 $96,000 $159,000 $1,512,000 $3,044,000
Effect of changes in foreign exchange rates on cash
$45,679
$45,679
$45,679
$45,679
 (3,000) (3,000) 2,000 5,000 24,000
(Decrease) increase in cash and cash equivalents
$45,679
$45,679
$45,679
$45,679
 (105,000) 63,000 602,000 365,000 (932,000)
Cash and equivalents - End of period
-
-
$45,679
$45,679
 $96,000 $159,000 $761,000 $1,887,000 $2,112,000