← VALVOLINE INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value — $201.0m $96.0m $159.0m $760.0m $230.0m $23.4m $409.1m $68.3m $51.6m
Prepaid Expense and Other Assets, Current — — $44.0m $43.0m $46.0m $53.0m $38.0m $65.5m $61.0m $59.9m
Short-term Investments — — — — — — — $347.5m $0 —
Cash and cash equivalents $172.0m $201.0m $96.0m $159.0m $760.0m $230.0m $23.4m $409.1m $68.3m $51.6m
Receivables, net $363.0m $385.0m $409.0m $401.0m $433.0m $496.0m $66.1m $81.3m $86.4m $89.6m
Inventories, net $139.0m $175.0m $176.0m $194.0m $199.0m $258.0m $29.4m $33.3m $39.7m $42.6m
Prepaid expenses and other current assets — $29.0m $44.0m $43.0m $46.0m $53.0m $38.0m $65.5m $61.0m $59.9m
Inventory, Net — $175.0m $176.0m $194.0m $199.0m $258.0m $29.4m $33.3m $39.7m $42.6m
Assets, Current — $790.0m $725.0m $797.0m $1.4b $1.0b $1.6b $936.7m $255.4m $243.7m
Total current assets $730.0m $790.0m $725.0m $797.0m $1.4b $1.0b $1.6b $936.7m $255.4m $243.7m
Property, Plant and Equipment, Net $324.0m $391.0m $420.0m $498.0m $613.0m $817.0m $668.6m $818.3m $958.7m $1.1b
Goodwill — $330.0m $381.0m $430.0m $445.0m $644.0m $548.2m $578.0m $615.3m $658.0m
Goodwill and intangibles, net $267.0m $335.0m $448.0m $504.0m $529.0m $775.0m $663.1m $680.6m $705.6m $740.5m
Operating Lease, Right-of-Use Asset — — — — $261.0m $307.0m $248.1m $266.5m $298.6m $331.8m
Other Assets, Noncurrent — $88.0m $92.0m $108.0m $132.0m $194.0m $154.3m $187.8m $220.4m $219.8m
Other noncurrent assets $89.0m $88.0m $92.0m $108.0m $132.0m $194.0m $215.9m $187.8m $220.4m $219.8m
Additional Financial Items
Accounts Receivable, after Allowance for Credit Loss, Current — $385.0m $409.0m $401.0m $433.0m $496.0m $66.1m $81.3m $86.4m $89.6m
Accrued Liabilities, Current — $196.0m $203.0m $237.0m $255.0m $306.0m $172.6m $215.9m $212.7m $204.7m
Operating lease assets — — — $0 $261.0m $307.0m $248.1m $266.5m $298.6m $331.8m
Trade and other payables $177.0m $192.0m $178.0m $171.0m $189.0m $246.0m $45.0m $118.7m $117.4m $118.9m
Employee benefit obligations $886.0m $342.0m $333.0m $387.0m $317.0m $258.0m $199.4m $168.0m $176.2m $187.5m
Operating lease liabilities — — — $0 $231.0m $274.0m $229.2m $247.3m $279.7m $315.3m
Total noncurrent assets $1.1b $1.1b $1.1b $1.3b $1.6b $2.2b $1.8b $2.0b $2.2b $2.4b
Total noncurrent liabilities $1.8b $1.6b $1.8b $1.9b $2.7b $2.5b $2.2b $2.3b $1.9b $2.0b
Assets — $1.9b $1.9b $2.1b $3.1b $3.2b $3.4b $2.9b $2.4b $2.7b
Total assets $1.8b $1.9b $1.9b $2.1b $3.1b $3.2b $3.4b $2.9b $2.4b $2.7b
LIABILITIES AND EQUITY
Total liabilities and stockholders’ equity $1.8b $1.9b $1.9b $2.1b $3.1b $3.2b $3.4b $2.9b $2.4b $2.7b
Current liabilities:
Operating Lease, Liability, Current — — — — $33.0m $38.0m $26.8m $29.2m $31.2m $33.6m
Accounts Payable, Current — $192.0m $178.0m $171.0m $189.0m $246.0m $45.0m $118.7m $117.4m $118.9m
Operating Lease, Liability, Noncurrent — — — — $231.0m $274.0m $229.2m $247.3m $279.7m $315.3m
Long-term Debt, Current Maturities — $15.0m $30.0m $15.0m $0 $17.0m $162.5m $23.8m $23.8m $23.8m
Long-term Debt, Excluding Current Maturities $724.0m $1.0b $1.3b $1.3b $2.0b $1.7b $1.5b $1.6b $1.1b $1.1b
Current portion of long-term debt $19.0m $15.0m $30.0m $15.0m $0 $17.0m $162.5m $23.8m $23.8m $23.8m
Accrued expenses and other liabilities $204.0m $196.0m $203.0m $237.0m $255.0m $306.0m $172.6m $215.9m $212.7m $204.7m
Liabilities, Current — $478.0m $411.0m $423.0m $444.0m $569.0m $919.4m $362.3m $353.9m $347.4m
Total current liabilities $400.0m $478.0m $411.0m $423.0m $444.0m $569.0m $919.4m $362.3m $353.9m $347.4m
Deferred Income Tax Liabilities, Net — $0 — — $1.0m $26.0m — — — —
Other Liabilities, Noncurrent — $178.0m $176.0m $185.0m $173.0m $252.0m $237.1m $346.8m $373.3m $431.5m
Other noncurrent liabilities $143.0m $178.0m $176.0m $185.0m $173.0m $252.0m $237.1m $346.8m $373.3m $431.5m
Deferred Tax Liabilities, Net — — — — — $12.0m — $55.5m $78.6m $117.0m
Stockholders’ equity:
Preferred Stock, Value, Issued — $0 $0 $0 $0 $0 $0 $0 $0 $0
Common Stock, Value, Issued — $2.0m $2.0m $2.0m $2.0m $2.0m $1.8m $1.3m $1.3m $1.3m
Additional Paid in Capital $710.0m $5.0m $7.0m $13.0m $24.0m $35.0m $44.1m $48.0m $51.2m $58.4m
Retained Earnings (Accumulated Deficit) $0 ($167.0m) ($399.0m) ($284.0m) ($110.0m) $90.0m $282.0m $140.7m $123.2m $273.6m
Accumulated Other Comprehensive Income (Loss), Net of Tax — $43.0m $32.0m $11.0m $8.0m $8.0m ($21.3m) $13.2m $9.9m $5.2m
Preferred stock, no par value, 40 shares authorized; no shares issued and outstanding 0 0 0 0 0 0 0 0 0 0
Accumulated other comprehensive income ($3.0m) $43.0m $32.0m $11.0m $8.0m $8.0m ($21.3m) $13.2m $9.9m $5.2m
Stockholders' Equity Attributable to Parent — ($117.0m) ($358.0m) ($258.0m) ($76.0m) $135.0m $306.6m $203.2m $185.6m $338.5m
Liabilities and Equity — $1.9b $1.9b $2.1b $3.1b $3.2b $3.4b $2.9b $2.4b $2.7b

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.