VALVOLINE INC
For the period ended Dec 31, 2023. Filed Feb 6, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 6, 2024
VVV$36.05+3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| (In millions, except per share amounts - unaudited) | December 312023 | September 302023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $420.7 | $409.1 |
| Receivables, net | 83.5 | 81.3 |
| Inventories, net | 31.5 | 33.3 |
| Prepaid expenses and other current assets | 55.2 | 65.5 |
| Short-term investments | 119.7 | 347.5 |
| Total current assets | 710.6 | 936.7 |
| Noncurrent assets | ||
| Property, plant and equipment, net | 841.5 | 818.3 |
| Operating lease assets | 273.1 | 266.5 |
| Goodwill and intangibles, net | 685.6 | 680.6 |
| Other noncurrent assets | 198.5 | 187.8 |
| Total noncurrent assets | 1,998.7 | 1,953.2 |
| Total assets | $2,709.3 | $2,889.9 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Current portion of long-term debt | $23.8 | $23.8 |
| Trade and other payables | 77.2 | 118.7 |
| Accrued expenses and other liabilities | 216.4 | 215.9 |
| Current liabilities held for sale | — | 3.9 |
| Total current liabilities | 317.4 | 362.3 |
| Noncurrent liabilities | ||
| Long-term debt | 1,556.8 | 1,562.3 |
| Employee benefit obligations | 169.9 | 168.0 |
| Operating lease liabilities | 253.9 | 247.3 |
| Other noncurrent liabilities | 346.5 | 346.8 |
| Total noncurrent liabilities | 2,327.1 | 2,324.4 |
| Commitments and contingencies | ||
| Stockholders' equity | ||
| Preferred stock, no par value, 40.0 shares authorized; no shares issued and outstanding | — | — |
| Common stock, par value $0.01 per share, 400.0 shares authorized; 129.6 and 134.8 shares issued and outstanding at December 31, 2023 and September 30, 2023, respectively | 1.3 | 1.3 |
| Paid-in capital | 46.3 | 48.0 |
| Retained (deficit) earnings | (0.2) | 140.7 |
| Accumulated other comprehensive income | 17.4 | 13.2 |
| Stockholders' equity | 64.8 | 203.2 |
| Total liabilities and stockholders’ equity | $2,709.3 | $2,889.9 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.