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 Valvoline.
Income Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.62B | $1.44B | $1.24B | $1.04B | $727.00M | $2.39B | $2.29B | $2.08B | $1.93B | $1.97B |
| Cost of Revenue | $1.00B | $899.00M | $759.70M | $604.90M | $426.00M | $1.58B | $1.48B | $1.31B | $1.17B | $1.28B |
| Gross Profit | $618.80M | $544.50M | $476.40M | $432.30M | $301.00M | $810.00M | $806.00M | $778.00M | $761.00M | $685.10M |
| Gross Profit Ratio | 38.22% | 37.72% | 38.54% | 41.68% | 41.40% | 33.89% | 35.27% | 37.33% | 39.45% | 34.83% |
| Research and Development Expenses | $- | $- | $- | $15.00M | $13.00M | $13.00M | $14.00M | $13.00M | $13.00M | $11.00M |
| General and Administrative Expenses | $- | $176.40M | $244.70M | $223.90M | $142.00M | $376.00M | $367.00M | $314.00M | $212.00M | $234.80M |
| Selling and Marketing Expenses | $- | $60.50M | $54.80M | $48.10M | $35.20M | $73.00M | $63.00M | $61.00M | $58.00M | $56.00M |
| Selling General and Administrative Expenses | $305.10M | $236.90M | $244.70M | $223.90M | $177.20M | $449.00M | $430.00M | $375.00M | $270.00M | $290.80M |
| Other Expenses | $-53.50M | $60.40M | $-6.90M | $128.20M | $54.90M | $-60.00M | $- | $136.00M | $- | $- |
| Operating Expenses | $251.60M | $297.30M | $235.60M | $215.80M | $170.80M | $449.00M | $430.00M | $375.00M | $342.00M | $359.80M |
| Cost and Expenses | $1.25B | $1.20B | $995.30M | $820.70M | $596.80M | $2.03B | $1.91B | $1.68B | $1.51B | $1.64B |
| Interest Income | $- | $- | $- | $2.70M | $- | $- | $- | $- | $- | $- |
| Interest Expense | $71.90M | $38.30M | $69.30M | $111.00M | $92.10M | $73.00M | $63.00M | $42.00M | $9.00M | $- |
| Depreciation and Amortization | $700.00K | $88.80M | $71.30M | $62.10M | $66.00M | $61.00M | $54.00M | $42.00M | $38.00M | $38.00M |
| EBITDA | $367.20M | $363.60M | $284.70M | $430.40M | $591.00M | $382.00M | $449.00M | $562.00M | $457.00M | $363.00M |
| EBITDA Ratio | 22.68% | 25.19% | 23.03% | 41.50% | 81.29% | 15.98% | 19.65% | 26.97% | 23.69% | 18.46% |
| Operating Income | $367.20M | $247.20M | $220.30M | $240.10M | $160.20M | $398.00M | $395.00M | $532.00M | $431.00M | $323.10M |
| Operating Income Ratio | 22.68% | 17.13% | 17.82% | 23.15% | 22.04% | 16.65% | 17.29% | 25.53% | 22.34% | 16.43% |
| Total Other Income Expenses Net | $-83.60M | $-10.70M | $-76.20M | $19.90M | $-37.20M | $-133.00M | $-63.00M | $-42.00M | $-10.00M | $-26.00M |
| Income Before Tax | $283.60M | $236.50M | $144.10M | $260.00M | $123.00M | $265.00M | $332.00M | $490.00M | $421.00M | $296.80M |
| Income Before Tax Ratio | 17.52% | 16.38% | 11.66% | 25.07% | 16.92% | 11.09% | 14.53% | 23.51% | 21.82% | 15.09% |
| Income Tax Expense | $69.10M | $37.10M | $34.70M | $59.90M | $53.40M | $57.00M | $166.00M | $186.00M | $148.00M | $100.70M |
| Net Income | $211.50M | $1.42B | $424.30M | $420.30M | $316.60M | $208.00M | $166.00M | $304.00M | $273.00M | $196.10M |
| Net Income Ratio | 13.06% | 98.35% | 34.33% | 40.52% | 43.55% | 8.70% | 7.26% | 14.59% | 14.15% | 9.97% |
| EPS | $1.63 | $8.79 | $2.37 | $2.30 | $1.70 | $1.10 | $0.84 | $1.49 | $1.60 | $0.98 |
| EPS Diluted | $1.61 | $8.73 | $2.35 | $2.29 | $1.69 | $1.10 | $0.84 | $1.49 | $1.60 | $0.98 |
| Weighted Average Shares Outstanding | 130.10M | 161.60M | 179.10M | 182.50M | 187.00M | 189.00M | 197.00M | 204.00M | 170.00M | 200.00M |
| Weighted Average Shares Outstanding Diluted | 131.00M | 162.60M | 180.40M | 183.50M | 187.50M | 189.00M | 197.00M | 204.00M | 170.00M | 200.00M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $68.30M | $409.10M | $23.40M | $122.60M | $760.00M | $159.00M | $96.00M | $201.00M | $172.00M | $200.00K |
| Short Term Investments | $- | $347.50M | $5.20M | $-45.40M | $17.00M | $- | $- | $35.00M | $-8.00M | $100.00K |
| Cash and Short Term Investments | $68.30M | $756.60M | $23.40M | $122.60M | $760.00M | $159.00M | $96.00M | $201.00M | $172.00M | $300.00K |
| Net Receivables | $86.40M | $81.30M | $66.10M | $65.30M | $433.00M | $401.00M | $409.00M | $385.00M | $363.00M | $334.60M |
| Inventory | $39.70M | $33.30M | $29.40M | $27.40M | $199.00M | $194.00M | $176.00M | $175.00M | $139.00M | $125.60M |
| Other Current Assets | $61.00M | $65.50M | $1.50B | $821.80M | $46.00M | $86.00M | $87.00M | $57.00M | $56.00M | $17.00M |
| Total Current Assets | $255.40M | $936.70M | $1.62B | $1.04B | $1.44B | $797.00M | $725.00M | $790.00M | $730.00M | $477.30M |
| Property Plant Equipment Net | $1.26B | $1.08B | $916.70M | $785.90M | $874.00M | $498.00M | $420.00M | $391.00M | $324.00M | $253.50M |
| Goodwill | $615.30M | $578.00M | $548.20M | $512.80M | $445.00M | $430.00M | $381.00M | $330.00M | $264.00M | $169.40M |
| Intangible Assets | $90.30M | $102.60M | $114.90M | $129.50M | $84.00M | $74.00M | $67.00M | $5.00M | $3.00M | $1.60M |
| Goodwill and Intangible Assets | $705.60M | $680.60M | $663.10M | $642.30M | $529.00M | $504.00M | $448.00M | $335.00M | $267.00M | $171.00M |
| Long Term Investments | $- | $- | $12.60M | $47.00M | $44.00M | $34.00M | $31.00M | $30.00M | $60.00M | $28.90M |
| Tax Assets | $- | $- | $61.60M | $14.00M | $34.00M | $123.00M | $138.00M | $281.00M | $389.00M | $7.80M |
| Other Non-Current Assets | $220.40M | $187.80M | $141.70M | $664.70M | $132.00M | $108.00M | $92.00M | $88.00M | $55.00M | $39.40M |
| Total Non-Current Assets | $2.18B | $1.95B | $1.80B | $2.15B | $1.61B | $1.27B | $1.13B | $1.12B | $1.09B | $500.60M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $2.44B | $2.89B | $3.42B | $3.19B | $3.05B | $2.06B | $1.85B | $1.92B | $1.82B | $977.90M |
| Account Payables | $117.40M | $118.70M | $45.00M | $38.60M | $189.00M | $171.00M | $178.00M | $192.00M | $177.00M | $174.00M |
| Short Term Debt | $23.80M | $65.30M | $199.90M | $48.90M | $- | $15.00M | $30.00M | $90.00M | $19.00M | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $7.00M | $19.00M | $26.00M |
| Deferred Revenue | $- | $- | $172.60M | $139.20M | $- | $- | $- | $87.00M | $95.00M | $- |
| Other Current Liabilities | $212.70M | $178.30M | $674.50M | $481.20M | $255.00M | $237.00M | $203.00M | $189.00M | $185.00M | $98.60M |
| Total Current Liabilities | $353.90M | $362.30M | $919.40M | $568.70M | $444.00M | $423.00M | $411.00M | $478.00M | $400.00M | $298.60M |
| Long Term Debt | $1.35B | $2.01B | $1.75B | $2.03B | $2.26B | $1.33B | $1.29B | $1.03B | $730.00M | $4.00M |
| Deferred Revenue Non-Current | $- | $- | $- | $351.60M | $317.00M | $- | $- | $- | $990.00M | $31.70M |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $26.00M | $1.00M | $- | $- | $- | $2.00M | $23.80M |
| Other Non-Current Liabilities | $549.50M | $315.90M | $436.50M | $436.70M | $420.00M | $572.00M | $509.00M | $520.00M | $1.02B | $26.50M |
| Total Non-Current Liabilities | $1.90B | $2.32B | $2.19B | $2.49B | $2.68B | $1.90B | $1.80B | $1.55B | $1.75B | $62.20M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $2.25B | $2.69B | $3.11B | $3.06B | $3.13B | $2.32B | $2.21B | $2.03B | $2.15B | $360.80M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $1.30M | $1.30M | $1.80M | $1.80M | $2.00M | $2.00M | $2.00M | $2.00M | $2.00M | $- |
| Retained Earnings | $123.20M | $140.70M | $282.00M | $90.00M | $-110.00M | $-284.00M | $-399.00M | $-167.00M | $- | $- |
| Accumulated Other Comprehensive Income Loss | $9.90M | $13.20M | $-21.30M | $7.50M | $8.00M | $11.00M | $32.00M | $43.00M | $-3.00M | $-60.60M |
| Other Total Stockholders Equity | $51.20M | $48.00M | $44.10M | $35.20M | $24.00M | $13.00M | $7.00M | $5.00M | $-329.00M | $- |
| Total Stockholders Equity | $185.60M | $203.20M | $306.60M | $134.50M | $-76.00M | $-258.00M | $-358.00M | $-117.00M | $-330.00M | $617.10M |
| Total Equity | $185.60M | $203.20M | $306.60M | $134.50M | $-76.00M | $-258.00M | $-358.00M | $-117.00M | $-330.00M | $617.10M |
| Total Liabilities and Stockholders Equity | $2.44B | $2.89B | $3.42B | $3.19B | $3.05B | $2.06B | $1.85B | $1.92B | $1.82B | $977.90M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.44B | $2.89B | $3.42B | $3.19B | $3.05B | $2.06B | $1.85B | $1.92B | $1.82B | $977.90M |
| Total Investments | $- | $347.50M | $12.60M | $1.60M | $61.00M | $34.00M | $31.00M | $65.00M | $52.00M | $29.00M |
| Total Debt | $1.37B | $1.83B | $1.92B | $1.86B | $2.19B | $1.34B | $1.32B | $1.12B | $749.00M | $4.20M |
| Net Debt | $1.31B | $1.42B | $1.89B | $1.74B | $1.43B | $1.18B | $1.23B | $923.00M | $577.00M | $4.00M |
Cash Flow Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 | September 30, 2019 | September 30, 2018 | September 30, 2017 | September 30, 2016 | September 30, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $211.50M | $199.40M | $109.40M | $200.10M | $69.60M | $208.00M | $166.00M | $304.00M | $273.00M | $196.10M |
| Depreciation and Amortization | $105.90M | $88.80M | $71.40M | $62.10M | $40.60M | $61.00M | $54.00M | $42.00M | $38.00M | $38.00M |
| Deferred Income Tax | $23.50M | $33.60M | $18.00M | $56.90M | $68.70M | $23.00M | $145.00M | $117.00M | $13.00M | $-9.10M |
| Stock Based Compensation | $12.00M | $12.20M | $14.40M | $13.70M | $12.10M | $9.00M | $12.00M | $9.00M | $11.00M | $9.00M |
| Change in Working Capital | $-33.80M | $48.70M | $-126.90M | $-116.10M | $-60.40M | $-30.00M | $-79.00M | $-121.00M | $22.00M | $56.40M |
| Accounts Receivables | $-900.00K | $26.40M | $-17.50M | $-17.40M | $-11.00M | $-30.00M | $-38.00M | $-22.00M | $-17.00M | $53.40M |
| Inventory | $-7.70M | $-3.30M | $-5.40M | $-5.30M | $-2.30M | $-10.00M | $-4.00M | $-35.00M | $-4.00M | $-6.40M |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $-49.00M | $-7.30M |
| Other Working Capital | $-25.20M | $25.60M | $-128.50M | $-120.10M | $-63.00M | $-27.00M | $-35.00M | $-64.00M | $38.00M | $7.40M |
| Other Non Cash Items | $-54.00M | $-423.50M | $4.20M | $3.40M | $-4.20M | $-12.00M | $-12.00M | $-409.00M | $3.00M | $26.30M |
| Net Cash Provided by Operating Activities | $265.10M | $-40.80M | $284.20M | $403.90M | $371.70M | $325.00M | $320.00M | $-130.00M | $311.00M | $329.80M |
| Investments in Property Plant and Equipment | $-224.40M | $-180.50M | $-132.00M | $-103.10M | $-94.00M | $-108.00M | $-93.00M | $-68.00M | $-66.00M | $-45.00M |
| Acquisitions Net | $-52.70M | $-36.30M | $-50.70M | $-281.70M | $-40.10M | $-78.00M | $-125.00M | $-68.00M | $-83.00M | $18.10M |
| Purchases of Investments | $-3.50M | $-440.40M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $80.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $417.40M | $2.62B | $11.80M | $26.10M | $-25.30M | $-2.00M | $5.00M | $1.00M | $1.00M | $24.00M |
| Net Cash Used for Investing Activities | $136.80M | $2.04B | $-207.60M | $-399.90M | $-222.60M | $-188.00M | $-213.00M | $-135.00M | $-148.00M | $-26.00M |
| Debt Repayment | $-498.80M | $100.00K | $-15.10M | $-265.00M | $508.10M | $18.00M | $197.00M | $380.00M | $735.00M | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $719.00M | $- |
| Common Stock Repurchased | $-226.80M | $-1.52B | $-142.60M | $-126.90M | $-59.80M | $- | $-325.00M | $-50.00M | $- | $- |
| Dividends Paid | $- | $-21.80M | $-89.20M | $-90.90M | $-84.00M | $-80.00M | $-58.00M | $-40.00M | $- | $- |
| Other Financing Activities | $-20.70M | $-127.10M | $28.00M | $-52.70M | $86.00M | $-8.00M | $-23.00M | $5.00M | $-1.44B | $-303.80M |
| Net Cash Used Provided by Financing Activities | $-746.30M | $-1.67B | $-218.90M | $-535.50M | $450.30M | $-71.00M | $-209.00M | $295.00M | $10.00M | $-303.80M |
| Effect of Forex Changes on Cash | $- | $-100.00K | $-5.20M | $2.40M | $1.70M | $-3.00M | $-3.00M | $-1.00M | $-1.00M | $- |
| Net Change in Cash | $-344.40M | $329.20M | $-147.50M | $-529.10M | $601.10M | $63.00M | $-105.00M | $29.00M | $172.00M | $- |
| Cash at End of Period | $68.70M | $413.10M | $83.90M | $231.40M | $760.50M | $159.00M | $96.00M | $201.00M | $172.00M | $- |
| Cash at Beginning of Period | $413.10M | $83.90M | $231.40M | $760.50M | $159.40M | $96.00M | $201.00M | $172.00M | $- | $- |
| Operating Cash Flow | $265.10M | $-40.80M | $284.20M | $403.90M | $371.70M | $325.00M | $320.00M | $-130.00M | $311.00M | $329.80M |
| Capital Expenditure | $-224.40M | $-180.50M | $-132.00M | $-103.10M | $-94.00M | $-108.00M | $-93.00M | $-68.00M | $-66.00M | $-45.00M |
| Free Cash Flow | $40.70M | $-221.30M | $152.20M | $300.80M | $277.70M | $217.00M | $227.00M | $-198.00M | $245.00M | $284.80M |