Valvoline inc. (VVV)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15
Net Income (Loss) Attributable to Parent [Abstract]
Sales

2,427,000

2,440,000

2,390,000

2,355,000

2,319,000

2,297,000

2,285,000

2,238,000

2,195,000

2,140,000

2,084,000

2,031,000

1,996,000

1,962,000

1,929,000

0

0

0

Cost of sales

1,585,000

1,602,000

1,580,000

1,559,000

1,529,000

1,503,000

1,479,000

1,439,000

1,400,000

1,354,000

1,308,000

1,270,000

1,233,000

1,205,000

1,181,000

0

0

0

Gross profit

842,000

838,000

810,000

796,000

790,000

794,000

806,000

799,000

795,000

786,000

776,000

761,000

763,000

757,000

748,000

0

0

0

Selling, general and administrative expenses

444,000

461,000

449,000

436,000

430,000

428,000

430,000

430,000

422,000

408,000

396,000

386,000

377,000

373,000

365,000

0

0

0

Legacy and separation related expenses,income, net

-1,000

2,000

3,000

3,000

0

5,000

14,000

0

16,000

14,000

11,000

31,000

18,000

12,000

6,000

0

0

0

Equity and other income, net

37,000

40,000

40,000

33,000

30,000

33,000

33,000

34,000

31,000

24,000

25,000

23,000

23,000

24,000

19,000

0

0

0

Operating income

436,000

415,000

398,000

390,000

390,000

394,000

395,000

403,000

388,000

388,000

394,000

364,000

390,000

394,000

396,000

0

0

0

Net pension and other postretirement plan income

47,000

53,000

60,000

23,000

15,000

8,000

0

-194,000

-201,000

-174,000

-138,000

-12,000

7,000

-11,000

-35,000

0

0

0

Net interest and other financing expenses

91,000

72,000

73,000

73,000

69,000

66,000

63,000

59,000

54,000

46,000

42,000

37,000

27,000

19,000

9,000

0

0

0

Net loss on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Income before income taxes

298,000

290,000

265,000

294,000

306,000

320,000

332,000

452,000

449,000

464,000

490,000

422,000

441,000

435,000

421,000

0

0

0

Income tax expense

70,000

62,000

57,000

68,000

81,000

91,000

166,000

226,000

231,000

242,000

186,000

158,000

158,000

155,000

148,000

0

0

0

Net income

228,000

228,000

208,000

226,000

225,000

229,000

166,000

226,000

218,000

222,000

304,000

264,000

283,000

280,000

273,000

0

0

0

NET EARNINGS PER SHARE
Basic (usd per share)

0.33

0.39

0.15

0.34

0.33

0.28

0.23

0.33

0.33

-0.05

0.52

0.27

0.35

0.35

-

0.44

-

-

Diluted (usd per share)

0.33

0.39

0.15

0.34

0.33

0.28

0.23

0.33

0.33

-0.05

0.52

0.27

0.35

0.35

-

0.44

-

-

Basic and Diluted (usd per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.33

0.32

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING
Basic (shares)

188,000

189,000

190,000

189,000

189,000

188,000

191,000

195,000

200,000

202,000

202,000

204,000

205,000

205,000

-

170,000

-

-

Diluted (shares)

188,000

189,000

189,000

189,000

189,000

189,000

190,000

196,000

200,000

202,000

202,000

204,000

205,000

205,000

-

170,000

-

-

Basic and Diluted (shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205,000

205,000

Dividends paid per common share (usd per share)

-

-

-

-

-

-

-

-

-

-

0.04

0.05

0.05

0.05

0.00

0.00

0.00

0.00

COMPREHENSIVE INCOME
Net income

228,000

228,000

208,000

226,000

225,000

229,000

166,000

226,000

218,000

222,000

304,000

264,000

283,000

280,000

273,000

0

0

0

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

-23,000

0

-12,000

-2,000

-16,000

-15,000

-10,000

-5,000

14,000

17,000

7,000

14,000

0

3,000

8,000

0

0

0

Amortization of pension and other postretirement plan prior service credit

9,000

9,000

9,000

9,000

9,000

9,000

9,000

9,000

8,000

8,000

8,000

7,000

5,000

3,000

1,000

0

0

0

Other comprehensive loss

-32,000

-9,000

-21,000

-11,000

-25,000

-24,000

-19,000

-14,000

6,000

9,000

-1,000

7,000

-5,000

0

7,000

0

0

0

Comprehensive income

196,000

219,000

187,000

215,000

200,000

205,000

147,000

212,000

224,000

231,000

303,000

271,000

278,000

280,000

280,000

0

0

0