Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Innospec.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.85B | $1.95B | $1.96B | $1.48B | $1.19B | $1.51B | $1.48B | $1.31B | $883.40M | $1.01B |
| Cost of Revenue | $1.30B | $1.36B | $1.38B | $1.05B | $850.40M | $1.05B | $1.04B | $903.50M | $551.10M | $666.30M |
| Gross Profit | $542.90M | $591.10M | $586.70M | $434.90M | $342.70M | $466.20M | $435.00M | $403.30M | $332.30M | $346.00M |
| Gross Profit Ratio | 29.42% | 30.30% | 29.88% | 29.30% | 28.72% | 30.81% | 29.45% | 30.86% | 37.62% | 34.18% |
| Research and Development Expenses | $47.80M | $41.70M | $38.70M | $37.40M | $30.90M | $35.40M | $33.40M | $31.40M | $25.40M | $25.30M |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $314.00M | $387.80M | $360.70M | $267.20M | $237.00M | $280.90M | $261.00M | $239.50M | $209.50M | $206.70M |
| Other Expenses | $3.20M | $- | $-1.60M | $3.80M | $7.80M | $5.30M | $5.00M | $6.60M | $900.00K | $- |
| Operating Expenses | $365.00M | $429.50M | $399.40M | $304.60M | $267.90M | $316.30M | $294.40M | $270.90M | $234.90M | $232.00M |
| Cost and Expenses | $1.67B | $1.79B | $1.78B | $1.35B | $1.12B | $1.36B | $1.34B | $1.17B | $786.00M | $898.30M |
| Interest Income | $- | $2.30M | $1.10M | $1.50M | $1.80M | $4.80M | $- | $- | $- | $- |
| Interest Expense | $- | $- | $1.10M | $1.50M | $1.80M | $4.80M | $6.90M | $8.20M | $3.20M | $4.00M |
| Depreciation and Amortization | $43.50M | $39.30M | $45.00M | $46.20M | $50.70M | $51.00M | $55.70M | $55.60M | $37.70M | $35.20M |
| EBITDA | $224.60M | $200.90M | $187.30M | $182.10M | $92.20M | $206.20M | $194.20M | $191.90M | $144.00M | $156.30M |
| EBITDA Ratio | 12.17% | 10.31% | 11.50% | 11.92% | 10.78% | 13.40% | 13.22% | 14.49% | 15.44% | 14.74% |
| Operating Income | $177.90M | $161.60M | $187.30M | $132.10M | $82.60M | $149.90M | $133.50M | $129.70M | $105.40M | $156.30M |
| Operating Income Ratio | 9.64% | 8.29% | 9.54% | 8.91% | 6.92% | 9.91% | 9.04% | 9.93% | 11.93% | 15.44% |
| Total Other Income Expenses Net | $-136.70M | $12.80M | $-2.70M | $2.30M | $-35.10M | $500.00K | $-1.90M | $-4.30M | $-2.30M | $-4.00M |
| Income Before Tax | $41.20M | $174.40M | $184.60M | $134.40M | $39.70M | $150.40M | $131.60M | $128.10M | $103.10M | $152.30M |
| Income Before Tax Ratio | 2.23% | 8.95% | 9.40% | 9.06% | 3.33% | 9.94% | 8.91% | 9.80% | 11.67% | 15.04% |
| Income Tax Expense | $5.60M | $35.30M | $51.60M | $41.30M | $11.00M | $38.20M | $46.60M | $66.30M | $21.80M | $32.80M |
| Net Income | $35.60M | $139.10M | $133.00M | $93.10M | $28.70M | $112.20M | $85.00M | $61.80M | $81.30M | $119.50M |
| Net Income Ratio | 1.93% | 7.14% | 6.77% | 6.28% | 2.41% | 7.41% | 5.76% | 4.73% | 9.20% | 11.80% |
| EPS | $1.43 | $5.60 | $5.37 | $3.78 | $1.17 | $4.58 | $3.48 | $2.56 | $3.39 | $4.96 |
| EPS Diluted | $1.42 | $5.56 | $5.32 | $3.75 | $1.16 | $4.54 | $3.45 | $2.52 | $3.33 | $4.86 |
| Weighted Average Shares Outstanding | 24.93M | 24.85M | 24.79M | 24.65M | 24.56M | 24.48M | 24.40M | 24.15M | 24.00M | 24.11M |
| Weighted Average Shares Outstanding Diluted | 25.12M | 25.02M | 24.98M | 24.85M | 24.78M | 24.73M | 24.60M | 24.49M | 24.44M | 24.61M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $289.20M | $203.70M | $147.10M | $141.80M | $105.30M | $75.70M | $123.10M | $90.20M | $101.90M | $136.90M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.80M |
| Cash and Short Term Investments | $289.20M | $203.70M | $147.10M | $141.80M | $105.30M | $75.70M | $123.10M | $90.20M | $101.90M | $141.70M |
| Net Receivables | $341.70M | $359.80M | $334.60M | $284.50M | $221.40M | $292.00M | $279.70M | $244.50M | $154.40M | $137.40M |
| Inventory | $301.00M | $300.10M | $373.10M | $277.60M | $220.00M | $244.60M | $248.00M | $209.80M | $173.80M | $159.90M |
| Other Current Assets | $24.70M | $22.10M | $17.80M | $24.20M | $19.50M | $18.00M | $13.10M | $17.00M | $22.00M | $19.70M |
| Total Current Assets | $956.60M | $885.70M | $872.60M | $728.10M | $566.20M | $630.30M | $663.90M | $561.50M | $441.10M | $458.70M |
| Property Plant Equipment Net | $314.50M | $313.40M | $266.20M | $249.80M | $250.90M | $231.10M | $196.40M | $196.00M | $157.40M | $76.00M |
| Goodwill | $382.50M | $399.30M | $358.80M | $364.30M | $371.20M | $363.00M | $364.90M | $361.80M | $374.80M | $267.40M |
| Intangible Assets | $65.40M | $57.30M | $45.00M | $57.50M | $75.30M | $113.50M | $136.30M | $163.30M | $144.40M | $168.70M |
| Goodwill and Intangible Assets | $447.90M | $456.60M | $403.80M | $421.80M | $446.50M | $476.50M | $501.20M | $525.10M | $519.20M | $436.10M |
| Long Term Investments | $- | $- | $- | $159.80M | $118.00M | $115.90M | $95.90M | $116.00M | $48.00M | $56.90M |
| Tax Assets | $9.40M | $10.40M | $5.90M | $6.40M | $7.60M | $9.10M | $8.80M | $6.50M | $14.90M | $1.40M |
| Other Non-Current Assets | $6.30M | $41.30M | $55.20M | $5.00M | $8.20M | $5.90M | $7.20M | $5.10M | $800.00K | $900.00K |
| Total Non-Current Assets | $778.10M | $821.70M | $731.10M | $842.80M | $831.20M | $838.50M | $809.50M | $848.70M | $740.30M | $571.30M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $1.73B | $1.71B | $1.60B | $1.57B | $1.40B | $1.47B | $1.47B | $1.41B | $1.18B | $1.03B |
| Account Payables | $163.80M | $163.60M | $165.30M | $148.70M | $98.70M | $122.00M | $126.80M | $117.90M | $59.60M | $52.20M |
| Short Term Debt | $13.90M | $13.60M | $27.80M | $12.50M | $11.80M | $11.60M | $23.20M | $18.50M | $11.90M | $700.00K |
| Tax Payables | $3.10M | $2.60M | $18.40M | $3.70M | $5.50M | $10.30M | $8.60M | $15.80M | $9.40M | $7.90M |
| Deferred Revenue | $- | $- | $- | $- | $- | $- | $8.60M | $100.00K | $100.00K | $200.00K |
| Other Current Liabilities | $190.60M | $191.70M | $194.30M | $171.70M | $136.40M | $159.60M | $138.00M | $109.20M | $102.10M | $145.10M |
| Total Current Liabilities | $371.40M | $371.50M | $405.80M | $336.60M | $252.40M | $303.50M | $296.60M | $261.60M | $183.10M | $206.10M |
| Long Term Debt | $31.00M | $31.60M | $62.80M | $46.20M | $29.00M | $81.00M | $187.70M | $205.80M | $261.40M | $134.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $99.70M | $104.80M | $97.70M | $99.30M | $500.00K | $500.00K | $600.00K |
| Deferred Tax Liabilities Non-Current | $23.50M | $33.50M | $26.20M | $60.80M | $46.90M | $49.60M | $48.20M | $45.00M | $32.30M | $37.70M |
| Other Non-Current Liabilities | $92.70M | $121.20M | $68.50M | $94.30M | $124.20M | $115.80M | $115.40M | $103.10M | $50.30M | $44.90M |
| Total Non-Current Liabilities | $147.20M | $186.30M | $157.50M | $201.30M | $200.10M | $246.40M | $351.30M | $354.30M | $344.50M | $218.60M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 |
| Total Liabilities | $518.60M | $557.80M | $563.30M | $537.90M | $452.50M | $549.90M | $647.90M | $615.90M | $527.60M | $424.70M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $500.00K | $400.00K | $300.00K | $300.00K |
| Common Stock | $300.00K | $300.00K | $300.00K | $300.00K | $300.00K | $300.00K | $300.00K | $300.00K | $300.00K | $300.00K |
| Retained Earnings | $1.02B | $1.03B | $924.20M | $822.90M | $758.60M | $755.50M | $668.30M | $605.00M | $561.80M | $496.40M |
| Accumulated Other Comprehensive Income Loss | $-91.00M | $-148.10M | $-145.20M | $-46.90M | $-57.30M | $-74.40M | $-75.70M | $-38.50M | $-126.20M | $-110.90M |
| Other Total Stockholders Equity | $276.90M | $266.70M | $258.70M | $256.10M | $242.80M | $237.10M | $232.10M | $227.10M | $217.60M | $219.20M |
| Total Stockholders Equity | $1.21B | $1.15B | $1.04B | $1.03B | $944.90M | $918.90M | $825.50M | $794.30M | $653.80M | $605.30M |
| Total Equity | $1.22B | $1.15B | $1.04B | $1.03B | $945.40M | $919.30M | $826.00M | $794.70M | $654.10M | $605.60M |
| Total Liabilities and Stockholders Equity | $1.73B | $1.71B | $1.60B | $1.57B | $1.40B | $1.47B | $1.47B | $1.41B | $1.18B | $1.03B |
| Minority Interest | $4.90M | $2.50M | $2.40M | $600.00K | $500.00K | $400.00K | $500.00K | $400.00K | $300.00K | $300.00K |
| Total Liabilities and Total Equity | $1.73B | $1.71B | $1.60B | $1.57B | $1.40B | $1.47B | $1.47B | $1.41B | $1.18B | $1.03B |
| Total Investments | $- | $- | $- | $159.80M | $118.00M | $115.90M | $95.90M | $116.00M | $48.00M | $4.80M |
| Total Debt | $44.90M | $45.20M | $45.30M | $35.60M | $40.80M | $92.60M | $210.90M | $224.30M | $273.30M | $136.10M |
| Net Debt | $-244.30M | $-158.50M | $-101.80M | $-106.20M | $-64.50M | $16.90M | $87.80M | $134.10M | $171.40M | $-800.00K |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $35.60M | $139.10M | $133.00M | $93.10M | $28.70M | $112.20M | $85.00M | $61.80M | $81.30M | $119.50M |
| Depreciation and Amortization | $43.50M | $39.30M | $40.10M | $42.70M | $46.00M | $47.60M | $49.60M | $50.40M | $38.10M | $35.20M |
| Deferred Income Tax | $-39.30M | $3.60M | $-5.50M | $6.40M | $-2.50M | $-800.00K | $5.50M | $-6.70M | $900.00K | $12.00M |
| Stock Based Compensation | $8.50M | $8.00M | $6.70M | $4.40M | $5.80M | $6.60M | $4.90M | $4.10M | $3.30M | $3.70M |
| Change in Working Capital | $- | $20.60M | $-90.10M | $-48.10M | $50.10M | $2.50M | $-34.80M | $-25.00M | $-2.80M | $-1.40M |
| Accounts Receivables | $- | $-12.60M | $-55.50M | $-31.40M | $10.10M | $-28.00M | $-45.70M | $-83.20M | $-6.00M | $13.60M |
| Inventory | $- | $83.00M | $-98.50M | $-62.00M | $25.50M | $2.40M | $-42.20M | $-30.80M | $7.70M | $5.50M |
| Accounts Payables | $-4.50M | $-26.90M | $54.20M | $90.20M | $-45.90M | $23.20M | $38.40M | $48.60M | $-3.40M | $-24.50M |
| Other Working Capital | $-6.90M | $-22.90M | $9.70M | $-44.90M | $60.40M | $4.90M | $14.70M | $40.40M | $-1.10M | $4.00M |
| Other Non Cash Items | $136.20M | $-3.30M | $-2.50M | $-5.30M | $17.80M | $-6.50M | $-5.30M | $-1.90M | $-16.30M | $-51.30M |
| Net Cash Provided by Operating Activities | $184.50M | $207.30M | $81.70M | $93.20M | $145.90M | $161.60M | $104.90M | $82.70M | $104.50M | $117.70M |
| Investments in Property Plant and Equipment | $-41.40M | $-77.20M | $-42.30M | $-39.10M | $-29.70M | $-31.00M | $-30.10M | $-32.20M | $-16.50M | $-26.20M |
| Acquisitions Net | $-200.00K | $-34.70M | $2.00M | $3.00M | $100.00K | $- | $-5.40M | $2.60M | $-197.40M | $41.50M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $16.50M | $-6.70M |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $4.80M | $6.40M |
| Other Investing Activities | $-20.40M | $100.00K | $-1.80M | $-100.00K | $-100.00K | $-1.10M | $-1.20M | $-8.90M | $-16.50M | $32.60M |
| Net Cash Used for Investing Activities | $-62.00M | $-111.80M | $-42.10M | $-36.20M | $-29.70M | $-31.00M | $-35.50M | $-29.60M | $-209.10M | $15.00M |
| Debt Repayment | $- | $-2.30M | $-100.00K | $-600.00K | $-61.10M | $-150.20M | $-14.20M | $-53.50M | $135.70M | $-6.40M |
| Common Stock Issued | $2.10M | $900.00K | $2.20M | $10.10M | $2.20M | $1.20M | $1.10M | $6.80M | $2.10M | $1.00M |
| Common Stock Repurchased | $-700.00K | $-1.10M | $-5.90M | $-800.00K | $-2.10M | $-2.40M | $-1.40M | $-1.10M | $-8.40M | $-15.30M |
| Dividends Paid | $-38.80M | $-35.10M | $-31.70M | $-28.80M | $-25.60M | $-25.00M | $-21.70M | $-18.60M | $-15.90M | $-14.90M |
| Other Financing Activities | $2.10M | $-1.40M | $1.80M | $100.00K | $-200.00K | $-1.50M | $- | $- | $-43.00M | $-1.20M |
| Net Cash Used Provided by Financing Activities | $-35.30M | $-39.00M | $-33.70M | $-20.00M | $-86.80M | $-177.90M | $-36.20M | $-66.40M | $70.50M | $-36.30M |
| Effect of Forex Changes on Cash | $-1.70M | $100.00K | $-600.00K | $-500.00K | $200.00K | $-100.00K | $-300.00K | $1.60M | $-900.00K | $-1.10M |
| Net Change in Cash | $85.50M | $56.60M | $5.30M | $36.50M | $29.60M | $-47.40M | $32.90M | $-11.70M | $-35.00M | $95.30M |
| Cash at End of Period | $289.20M | $203.70M | $147.10M | $141.80M | $105.30M | $75.70M | $123.10M | $90.20M | $101.90M | $136.90M |
| Cash at Beginning of Period | $203.70M | $147.10M | $141.80M | $105.30M | $75.70M | $123.10M | $90.20M | $101.90M | $136.90M | $41.60M |
| Operating Cash Flow | $184.50M | $207.30M | $81.70M | $93.20M | $145.90M | $161.60M | $104.90M | $82.70M | $104.50M | $117.70M |
| Capital Expenditure | $-41.40M | $-62.10M | $-42.30M | $-39.10M | $-29.70M | $-31.00M | $-30.10M | $-32.20M | $-16.50M | $-26.20M |
| Free Cash Flow | $143.10M | $130.10M | $39.40M | $54.10M | $116.20M | $130.60M | $74.80M | $50.50M | $88.00M | $91.50M |