Valvoline inc. (VVV)
Income statement / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15
Net Income (Loss) Attributable to Parent [Abstract]
Sales

2,390

2,285

2,084

1,929

1,967

Cost of sales

1,580

1,479

1,308

1,181

1,282

Gross profit

810

806

776

748

685

Selling, general and administrative expenses

449

430

396

365

348

Legacy and separation related expenses,income, net

3

14

11

6

0

Equity and other income, net

40

33

25

19

8

Operating income

398

395

394

396

323

Net pension and other postretirement plan income

60

0

-138

-35

-22

Net interest and other financing expenses

73

63

42

9

0

Net loss on acquisition

-

-

-

1

26

Income before income taxes

265

332

490

421

297

Income tax expense

57

166

186

148

101

Net income

208

166

304

273

196

NET EARNINGS PER SHARE
Basic (usd per share)

1.10

0.84

1.49

1.60

1.15

Diluted (usd per share)

1.10

0.84

1.49

1.60

1.15

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (shares)

189

197

204

170

170

Diluted (shares)

189

197

204

170

170

Dividends paid per common share (usd per share)

0.42

0.29

0.19

0.00

0.00

COMPREHENSIVE INCOME
Net income

208

166

304

273

196

Other comprehensive (loss) income, net of tax
Currency translation adjustments

-12

-10

7

8

-34

Amortization of pension and other postretirement plan prior service credit

9

9

8

1

0

Other comprehensive loss

-21

-19

-1

7

-34

Comprehensive income

187

147

303

280

162