VALVOLINE INC
For the period ended Mar 31, 2024. Filed May 10, 2024.
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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.
Mar 31, 2024 · Filed May 10, 2024
VVV$36.05+3.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| (In millions, except per share amounts - unaudited) | March 312024 | September 302023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $494.5 | $409.1 |
| Receivables, net | 109.6 | 81.3 |
| Inventories, net | 37.5 | 33.3 |
| Prepaid expenses and other current assets | 59.8 | 65.5 |
| Short-term investments | — | 347.5 |
| Total current assets | 701.4 | 936.7 |
| Noncurrent assets | ||
| Property, plant and equipment, net | 877.9 | 818.3 |
| Operating lease assets | 288.1 | 266.5 |
| Goodwill and intangibles, net | 692.3 | 680.6 |
| Other noncurrent assets | 203.3 | 187.8 |
| Total noncurrent assets | 2,061.6 | 1,953.2 |
| Total assets | $2,763.0 | $2,889.9 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities | ||
| Current portion of long-term debt | $623.8 | $23.8 |
| Trade and other payables | 118.8 | 118.7 |
| Accrued expenses and other liabilities | 221.1 | 215.9 |
| Current liabilities held for sale | — | 3.9 |
| Total current liabilities | 963.7 | 362.3 |
| Noncurrent liabilities | ||
| Long-term debt | 951.3 | 1,562.3 |
| Employee benefit obligations | 170.2 | 168.0 |
| Operating lease liabilities | 269.0 | 247.3 |
| Other noncurrent liabilities | 348.7 | 346.8 |
| Total noncurrent liabilities | 1,739.2 | 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; 128.8 and 134.8 shares issued and outstanding at March 31, 2024 and September 30, 2023, respectively | 1.3 | 1.3 |
| Paid-in capital | 45.3 | 48.0 |
| Retained earnings | 0.4 | 140.7 |
| Accumulated other comprehensive income | 13.1 | 13.2 |
| Stockholders' equity | 60.1 | 203.2 |
| Total liabilities and stockholders’ equity | $2,763.0 | $2,889.9 |
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