VALVOLINE INC
For the period ended Mar 31, 2026. Filed May 7, 2026.
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.
Mar 31, 2026 · Filed May 7, 2026
VVV$35.73-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| (In millions - unaudited) | 2026 | 2025 |
|---|---|---|
| Cash flows from operating activities | ||
| Net income | $12.0 | $129.2 |
| Adjustments to reconcile net income to cash flows from operating activities: | ||
| Loss from discontinued operations | 1.1 | 3.0 |
| Loss (gain) on sale of operations | 43.6 | (71.7) |
| Depreciation and amortization | 71.1 | 56.4 |
| Deferred income taxes | 0.1 | — |
| Stock-based compensation expense | 5.9 | 4.6 |
| Other, net | 4.0 | 1.0 |
| Change in operating assets and liabilities | ||
| Receivables | 12.6 | (2.5) |
| Inventories | (1.5) | (4.0) |
| Payables and accrued liabilities | (18.4) | (22.6) |
| Other assets and liabilities | 29.7 | (0.2) |
| Operating cash flows from continuing operations | 160.2 | 93.2 |
| Operating cash flows from discontinued operations | — | (4.8) |
| Total cash provided by operating activities | 160.2 | 88.4 |
| Cash flows from investing activities | ||
| Additions to property, plant and equipment | (115.2) | (105.4) |
| Acquisitions, net of cash acquired | (644.1) | (9.6) |
| Proceeds from sale of operations | 63.6 | 121.0 |
| Purchases of investments | (4.5) | (4.5) |
| Proceeds from investments | — | 6.0 |
| Other investing activities, net | 0.8 | 2.8 |
| Total cash (used in) provided by investing activities | (699.4) | 10.3 |
| Cash flows from financing activities | ||
| Proceeds from borrowings | 755.0 | 75.0 |
| Payments of debt issuance costs and discounts | (13.7) | (1.6) |
| Repayments on borrowings | (158.7) | (91.9) |
| Repurchases of common stock, including excise taxes of $16.4 in fiscal 2025 | — | (76.8) |
| Other financing activities, net | (10.3) | (9.1) |
| Total cash provided by (used in) financing activities | 572.3 | (104.4) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | — | (0.7) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 33.1 | (6.4) |
| Cash, cash equivalents and restricted cash - beginning of period | 51.6 | 68.7 |
| Cash, cash equivalents and restricted cash - end of period | $84.7 | $62.3 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.