7Baggers
Quarterly
Annual
    Unit: USD2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 
      
    		                                   
      cash flows from operating activities
    		                                   
      net income
    		56,500,000 37,600,000 91,600,000 92,300,000 45,900,000 41,400,000 31,900,000 48,900,000 61,600,000 1,227,300,000 81,900,000 157,300,000 99,000,000 81,000,000 87,000,000 168,000,000 97,000,000 68,000,000 87,000,000 122,000,000 59,000,000 63,000,000 73,000,000 27,000,000 65,000,000 63,000,000 53,000,000 45,000,000 64,000,000 67,000,000 -10,000,000 105,000,000 56,000,000 71,000,000 72,000,000 
      adjustments to reconcile net income to cash flows from operating activities:
    		                                   
      income from discontinued operations
    		500,000 700,000 2,300,000     26,100,000 2,900,000 -1,194,400,000 -54,900,000                         
      (gain) loss on extinguishment of debt
    		                                   
      gain on sale of operations
    		100,000 -500,000 -71,200,000                                 
      depreciation and amortization
    		30,200,000 28,400,000 28,000,000 28,800,000 26,900,000 25,600,000 24,600,000 28,100,000 21,600,000 20,600,000 18,500,000 -3,600,000 25,000,000 25,000,000 25,000,000 24,000,000 24,000,000 23,000,000 21,000,000 18,000,000 17,000,000 15,000,000 16,000,000 18,000,000 15,000,000 14,000,000 14,000,000 15,000,000 14,000,000 14,000,000 11,000,000 12,000,000 12,000,000 9,000,000 9,000,000 
      stock-based compensation expense
    		2,800,000 2,600,000 2,000,000 2,600,000 4,500,000 2,500,000 2,400,000 3,400,000 3,400,000 2,500,000 2,900,000 3,400,000 4,000,000 4,000,000 3,000,000 4,000,000 4,000,000 3,000,000 3,000,000 4,000,000 5,000,000 -1,000,000 4,000,000 1,000,000 3,000,000 2,000,000 3,000,000 2,000,000 3,000,000 3,000,000 4,000,000 3,000,000 3,000,000 2,000,000 1,000,000 
      other
    		500,000 800,000 200,000 -1,700,000 200,000 400,000 1,000,000 9,800,000 -200,000 1,700,000 600,000 6,200,000 1,000,000 -2,000,000 -1,000,000 3,000,000 -1,000,000   -2,000,000 1,000,000 1,000,000 2,000,000             
      change in operating assets and liabilities
    		                                   
      receivables
    		1,800,000 -4,100,000 1,600,000 13,600,000 8,600,000 -25,500,000 2,400,000 29,900,000 -8,300,000 -8,600,000 13,400,000 86,500,000 -30,000,000 -37,000,000 -37,000,000 -10,000,000 -41,000,000 -21,000,000 7,000,000 -24,000,000                
      inventories
    		200,000 -3,400,000 -600,000 300,000 -3,300,000 -7,700,000 3,000,000 0 400,000 -2,700,000 -1,000,000 53,600,000 -40,000,000 -13,000,000 -6,000,000 -14,000,000 -26,000,000 -9,000,000 -4,000,000 -4,000,000 23,000,000 -24,000,000 4,000,000 1,000,000 -7,000,000 9,000,000 -13,000,000 19,000,000 -7,000,000 -23,000,000 7,000,000 6,000,000 -24,000,000 -15,000,000 -2,000,000 
      payables and accrued liabilities
    		-5,800,000 15,900,000 -38,500,000 1,200,000 -11,800,000 47,900,000 -43,700,000 34,900,000 7,900,000 85,700,000 -17,200,000 -31,500,000   -41,000,000 36,000,000 55,000,000 44,000,000 -40,000,000 7,000,000 30,000,000 7,000,000 -47,000,000 3,000,000 47,000,000 6,000,000 -19,000,000 -14,000,000 10,000,000 42,000,000 -40,000,000  52,000,000 -32,000,000 23,000,000 
      other assets and liabilities
    		0 -26,200,000 26,000,000 -300,000 -500,000 -16,300,000 -1,700,000 -96,600,000 -12,900,000 -7,000,000 30,800,000 -45,500,000 -36,000,000 -41,000,000 -6,000,000 -54,000,000 -30,000,000 -32,000,000 6,000,000 -84,000,000 19,000,000 -22,000,000 6,000,000 -43,000,000 18,000,000 -8,000,000 6,000,000 -82,000,000 14,000,000 32,000,000 1,000,000 -48,000,000 -10,000,000 5,000,000 -11,000,000 
      operating cash flows from continuing operations
    		86,800,000 51,800,000 41,400,000 112,900,000 77,900,000 70,200,000 21,900,000 103,100,000 76,400,000 125,000,000 48,500,000                         
      operating cash flows from discontinued operations
    		100,000 -4,600,000 -200,000 -11,600,000 -2,300,000 -1,900,000 -2,000,000 -95,500,000 -234,900,000 -6,200,000 -57,200,000                         
      total cash from operating activities
    		86,900,000 47,200,000 41,200,000 101,300,000 75,600,000 68,300,000 19,900,000 7,600,000 -158,500,000 118,800,000 -8,700,000 93,200,000 95,000,000 64,000,000 32,000,000 108,000,000 106,000,000 111,000,000 79,000,000 101,000,000 117,000,000 95,000,000 59,000,000 111,000,000 80,000,000 49,000,000 85,000,000 139,000,000 73,000,000 88,000,000 20,000,000 -287,000,000 87,000,000 -18,000,000 88,000,000 
      cash flows from investing activities
    		                                   
      additions to property, plant and equipment
    		-54,900,000 -51,800,000 -53,600,000 -71,400,000 -65,800,000 -44,900,000 -42,300,000 -54,600,000 -46,500,000 -39,500,000 -39,900,000 -30,000,000 -35,000,000 -32,000,000 -35,000,000 -38,000,000 -32,000,000 -39,000,000 -35,000,000 -57,000,000 -37,000,000 -29,000,000 -28,000,000 -35,000,000 -25,000,000 -21,000,000 -27,000,000 -42,000,000 -21,000,000 -16,000,000 -14,000,000 -25,000,000 -16,000,000 -18,000,000 -9,000,000 
      acquisitions of businesses
    		-22,500,000 -5,200,000 -4,400,000 -24,800,000 -6,600,000 -13,000,000 -8,300,000       -9,000,000 -14,000,000    -218,000,000                 
      proceeds from sale of operations, net of cash disposed
    		0 0 121,000,000                                 
      notes receivable, net of repayments of 11.7 in 2025 and 7.5 in 2024
    		                                   
      proceeds from investments
    		0                                   
      other investing activities
    		800,000 -2,700,000 1,000,000 1,600,000 5,200,000 -3,800,000 -7,100,000  -2,800,000 400,000 1,600,000     1,000,000 -1,000,000 10,000,000 -1,000,000   -2,000,000 -1,000,000 -1,000,000 1,000,000 -3,000,000 1,000,000      0 0 -1,000,000 
      investing cash flows from continuing operations
    		-82,200,000 -53,700,000 64,000,000 -24,600,000 -69,200,000 58,300,000 172,300,000 17,700,000 -498,600,000 -47,900,000 -48,400,000                         
      investing cash flows from discontinued operations
    		       -100,000 -2,200,000 2,631,600,000 -8,400,000                         
      total cash from investing activities
    		-82,200,000 -53,700,000 64,000,000 -24,600,000 -69,200,000 58,300,000 172,300,000 17,600,000 -500,800,000 2,583,700,000 -56,800,000 -64,600,000 -59,000,000 -38,000,000 -46,000,000 -49,000,000 -75,000,000 -31,000,000 -245,000,000 -79,000,000 -72,000,000 -36,000,000 -35,000,000 -64,000,000 -39,000,000 -29,000,000 -56,000,000 -96,000,000 -26,000,000 -17,000,000 -74,000,000 -26,000,000 -33,000,000 -66,000,000 -10,000,000 
      cash flows from financing activities
    		                                   
      proceeds from borrowings
    		10,000,000 50,000,000 25,000,000          229,000,000 155,000,000 30,000,000 0   11,000,000 11,000,000             0 0 75,000,000 
      repayments on borrowings
    		-5,900,000 -6,000,000 -85,900,000 -56,000,000 -631,000,000 -5,900,000 -5,900,000 -5,900,000 -6,000,000 -789,600,000 -119,400,000 368,900,000 -221,000,000 -155,000,000 -31,000,000 0 -29,000,000   -4,000,000 -450,000,000   -7,000,000 -590,000,000 -36,000,000 -101,000,000 -69,000,000 -24,000,000 -11,000,000 -4,000,000 -3,000,000 -4,000,000 -4,000,000 -79,000,000 
      repurchases of common stock, including excise taxes of 16.4 in 2025
    		                                   
      other financing activities
    		-3,300,000 -4,600,000 -6,100,000 -3,300,000 -3,800,000 -6,500,000 -7,100,000 -3,000,000 -3,900,000 -3,200,000 -8,900,000 -2,000,000 -2,000,000 -4,000,000 -8,000,000 -4,000,000 -2,000,000 -2,000,000 -3,000,000 -1,000,000 0 -1,000,000 -2,000,000 -2,000,000 0 -1,000,000 -3,000,000 -1,000,000 -1,000,000 -1,000,000 -4,000,000     
      financing cash flows from continuing operations
    		800,000 8,300,000 -112,700,000 -73,900,000 -434,800,000 -52,900,000 -184,700,000 -138,100,000 -1,148,000,000 -291,900,000 12,500,000                         
      financing cash flows from discontinued operations
    		       0 0 -168,100,000 60,000,000                         
      total cash from financing activities
    		800,000 8,300,000 -112,700,000 -73,900,000 -434,800,000 -52,900,000 -184,700,000 -138,100,000 -1,148,000,000 -460,000,000 72,500,000 -40,900,000 -54,000,000 -61,000,000 -63,000,000 -53,000,000 -52,000,000 -358,000,000 -73,000,000 -15,000,000 -72,000,000 560,000,000 -23,000,000 -22,000,000 -29,000,000 5,000,000 -25,000,000 -54,000,000 -62,000,000 -62,000,000 -31,000,000 382,000,000 -57,000,000 -14,000,000 -16,000,000 
      effect of currency exchange rate changes on cash, cash equivalents and restricted cash
    		500,000 100,000 -800,000  -100,000 100,000 100,000 -700,000 -500,000 -1,000,000 2,100,000 -4,200,000 -2,000,000                       
      decrease in cash, cash equivalents and restricted cash
    		            -20,000,000 -34,000,000 -77,000,000                     
      cash, cash equivalents and restricted cash - beginning of period
    		0 0 68,700,000  0 0 413,100,000  0 0 83,900,000  0 0 231,000,000                     
      cash, cash equivalents and restricted cash - end of period
    		6,000,000 1,900,000 60,400,000  -428,500,000 73,800,000 420,700,000  -1,807,800,000 2,241,500,000 93,000,000  -20,000,000 -34,000,000 154,000,000                     
      repurchases of common stock, including excise taxes of 16.4 in fiscal 2025
    		                                   
      increase in cash, cash equivalents and restricted cash
    		 1,900,000 -8,300,000 2,700,000 -428,500,000 73,800,000 7,600,000 -113,600,000 -1,807,800,000 2,241,500,000 9,100,000                         
      repurchases of common stock, including excise taxes of 14.3 in fiscal 2025
    		  -45,700,000                                 
      loss (income) from discontinued operations
    		   -3,200,000 2,300,000 1,900,000 2,000,000                             
      loss on extinguishment of debt
    		   0            0 0   0 0               
      deferred income taxes
    		       60,200,000 0 -100,000 -26,500,000 -12,000,000 15,000,000 7,000,000 8,000,000 24,000,000            74,000,000 6,000,000 -20,000,000 85,000,000     
      (gain) loss on pension and other postretirement plan remeasurements
    		                                   
      change in assets and liabilities
    		                                   
      purchases of investments
    		       0                            
      proceeds from borrowings, net of issuance costs of 3.0 million in 2023
    		                                   
      repurchases of common stock
    		   -14,600,000 0 -40,500,000 -171,700,000 -129,300,000 -1,138,100,000 -170,000,000 -87,400,000 -38,600,000 -38,000,000 -35,000,000 -31,000,000 -27,000,000 0 -42,000,000 -58,000,000 0 0       -105,000,000 -97,000,000       
      cash dividends paid
    		       0 0 0 -21,800,000 -22,200,000 -22,000,000 -22,000,000 -23,000,000 -22,000,000 -23,000,000 -23,000,000 -23,000,000 -21,000,000 -21,000,000 -21,000,000 -21,000,000 -20,000,000 -20,000,000 -20,000,000 -20,000,000 -13,000,000 -15,000,000 -15,000,000 -15,000,000 -10,000,000 -10,000,000 -10,000,000 -10,000,000 
      cash, cash equivalents and restricted cash - beginning of year
    		                                   
      cash, cash equivalents and restricted cash - end of year
    		                                   
      supplemental disclosures
    		                                   
      interest paid
    		                                   
      income taxes paid
    		                                   
      proceeds from (purchases of) investments
    		                                   
      proceeds from maturities of short-term investments
    		     120,000,000 230,000,000                             
      proceeds from borrowings, net of issuance costs of 3.0 million and 7.1 million in 2023 and 2021, respectively
    		                                   
      premium paid to extinguish debt
    		               0 0   0 0               
      acquisitions of businesses, net of cash acquired
    		        -8,900,000 -9,300,000 -9,600,000 -700,000    -15,000,000 -44,000,000                   
      proceeds from borrowings, net of issuance costs
    		        0 670,900,000 250,000,000             7,000,000 581,000,000 62,000,000 100,000,000 134,000,000 75,000,000 51,000,000 44,000,000     
      adjustments to reconcile to cash flows from operations
    		                                   
      notes receivable, net of repayments
    		          -500,000         0                
      gain on pension and other postretirement plan remeasurements
    		                                0 0 -8,000,000 
      notes receivable, net of repayments of 2.7 million in 2020
    		                                   
      proceeds from borrowings, net of issuance costs of 7.1 million and 15.5 million in 2021 and 2020, respectively
    		                                   
      adjustments to reconcile net income to cash flows from operating activities
    		                                   
      repayments of notes receivable
    		            4,000,000 2,000,000 3,000,000                     
      payments of debt issuance costs and discounts
    		               0    0                
      pension contributions
    		               -1,000,000 0 -3,000,000 -1,000,000 -2,000,000 -4,000,000 -1,000,000 -4,000,000 -3,000,000 -5,000,000 0 -2,000,000 -3,000,000 -4,000,000 -6,000,000 -3,000,000 -396,000,000 -6,000,000 -7,000,000 -3,000,000 
      notes receivable, net of repayments of 3 million in 2020
    		                                   
      effect of currency exchange rate changes on cash, cash equivalents, and restricted cash
    		               -3,000,000 1,000,000 -2,000,000 6,000,000 3,000,000 3,000,000 -7,000,000 3,000,000             
      notes receivable
    		                                   
      increase in cash, cash equivalents, and restricted cash
    		                -20,000,000 -280,000,000 -233,000,000 10,000,000 -24,000,000 612,000,000 4,000,000 22,000,000 12,000,000           
      cash, cash equivalents, and restricted cash - beginning of period
    		                0 0 761,000,000  0 0 159,000,000  0           
      cash, cash equivalents, and restricted cash - end of period
    		                -20,000,000 -280,000,000 528,000,000  -24,000,000 612,000,000 163,000,000  12,000,000           
      repayments on notes receivable
    		                 3,000,000 9,000,000                 
      equity income from unconsolidated affiliates, net of distributions
    		                   -4,000,000 -2,000,000 1,000,000 -2,000,000 1,000,000 -2,000,000           
      payments for purchase of additional ownership in subsidiary
    		                        0 0 -1,000,000         
      cash, cash equivalents, and restricted cash - beginning of year
    		                                   
      cash, cash equivalents, and restricted cash - end of year
    		                                   
      acquisitions of business
    		                                   
      accounts receivable
    		                     37,000,000 7,000,000 18,000,000 -55,000,000 -36,000,000 43,000,000 42,000,000 -30,000,000 -16,000,000 -34,000,000 17,000,000 3,000,000 -52,000,000 10,000,000 
      acquisitions, net of cash acquired
    		                     -5,000,000 -6,000,000 -28,000,000 -15,000,000 -5,000,000 -30,000,000 -54,000,000 -4,000,000 -7,000,000 -60,000,000  -18,000,000   
      net transfers from ashland
    		                                   
      purchase of additional ownership in subsidiary
    		                           0 0 0 -15,000,000     
      debt issuance cost and discount amortization
    		                        1,000,000   1,000,000 1,000,000 0 1,000,000     
      other operating activities
    		                                   
      effect of currency exchange rate changes on cash and cash equivalents
    		                          -1,000,000 0 -5,000,000 3,000,000 -1,000,000 0 0 -3,000,000 2,000,000 
      increase in cash and cash equivalents
    		                          3,000,000    -86,000,000    64,000,000 
      cash and cash equivalents - beginning of period
    		                          96,000,000  0 0 201,000,000  0 0 172,000,000 
      cash and cash equivalents - end of period
    		                          99,000,000  -20,000,000 12,000,000 115,000,000  -3,000,000 -101,000,000 236,000,000 
      net transfers from (to) ashland
    		                               0    
      cash contributions from ashland
    		                                   
      proceeds from initial public offering, net of offering costs of 40
    		                                   
      cash and cash equivalents - beginning of year
    		                                   
      cash and cash equivalents - end of year
    		                                   
      equity income from affiliates
    		                            -3,000,000 -4,000,000 -5,000,000 -2,000,000 -3,000,000 -3,000,000 -4,000,000 
      distributions from equity affiliates
    		                            3,000,000 2,000,000 3,000,000 1,000,000 4,000,000   
      gain on sale of assets
    		                            0       
      foreign currency exchange loss
    		                            2,000,000       
      proceeds from sale of operations
    		                            0       
      decrease in cash and cash equivalents
    		                            -20,000,000    -3,000,000   
      net transfers to ashland
    		                                   
      repurchase of common stock
    		                              -37,000,000 0    
      debt issuance cost amortization
    		                               1,000,000 0 1,000,000 1,000,000 
      net income on acquisition and divestiture
    		                                   
      impairment of equity investment
    		                                   
      (gain) loss on valvoline pension and other postretirement plan remeasurements
    		                                   
      proceeds from disposal of property, plant and equipment
    		                               0    
      acquisitions, net of cash required
    		                                   
      proceeds from borrowings, net of issuance costs of 5 in 2017 and 15 in 2016
    		                                   
      net income on acquisition
    		                                   
      net transfers to parent
    		                                 0 -2,000,000 
      purchase of operations - net of cash acquired
    		                                   
      distributions from affiliates
    		                                   
      (gain) loss on valvoline pension plan and other postretirement plan remeasurements
    		                                   
      trade and other payables
    		                                   
      accrued expenses and other liabilities
    		                                   
      purchase of operations, net of cash acquired
    		                                   
      total cash used by investing activities
    		                                   
      cash contributions from parent
    		                                   
      proceeds from borrowings, net of issuance costs of 15
    		                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.