PolyOne revenue breakdown by business segment: 17.8% from Specialty Engineered Materials, 27.2% from Color, Additives and Iinks, 19.8% from Performance Products and Solutions and 35.2% from PolyOne Distribution
PolyOne revenue breakdown by geographic segment: 59.2% from United States, 7.8% from Canada , 9.7% from Asia, 8.7% from Mexico, 14.1% from Europe and 0.6% from Other
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|
Revenue | 2.9b | 3.0b | 3.8b | 3.8b | 2.9b | 2.9b | 3.2b | 3.5b | 2.9b |
Revenue growth, % | 2% | (24%) | 0% | 10% | |||||
Cost of goods sold | 2.4b | 2.4b | 2.3b | 2.3b | 2.5b | 2.8b | 2.2b | ||
Gross profit | 462.7m | 564.3m | 651.5m | 677.1m | 719.0m | 744.9m | 657.2m | ||
Gross profit Margin, % | 16% | 19% | 22% | 23% | 22% | 21% | 23% | ||
R&D expense | 36.9m | 41.9m | |||||||
General and administrative expense | 381.7m | 420.6m | 393.9m | 390.8m | 441.5m | 471.2m | 500.4m | ||
Operating expense total | 229.7m | 397.2m | 393.9m | 390.8m | 441.5m | 471.2m | 500.4m | ||
EBIT | 233.0m | 167.1m | 257.6m | 286.3m | 277.5m | 273.7m | 156.8m | ||
EBIT margin, % | 8% | 6% | 9% | 10% | 9% | 8% | 5% | ||
Interest expense | 33.7m | 50.8m | 64.0m | 59.7m | 60.8m | 59.5m | |||
Pre tax profit | 148.2m | 74.3m | 174.0m | 226.6m | 212.3m | 197.2m | 109.4m | ||
Income tax expense | 26.1m | 41.2m | (25.5m) | (60.4m) | (38.7m) | 36.4m | 33.7m | ||
Net Income | 172.6m | 71.8m | 242.7m | 78.4m | 144.6m | 165.2m | (57.7m) | 159.5m | 588.8m |
USD | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 718.5m | 768.8m | 735.8m | 781.0m | 792.0m | 740.2m | 801.1m | 1.0b | 1.0b | 1.0b | 1.0b | 958.4m | 873.1m | 887.1m | 841.6m | 847.0m | 861.5m | 843.6m | 898.8m | 814.1m | 818.5m | 901.6m | 914.8m | 883.0m | 899.9m | 903.8m | 705.3m | 711.5m | 609.1m | 924.5m |
Cost of goods sold | 595.8m | 639.6m | 621.8m | 640.4m | 637.3m | 597.5m | 638.8m | 833.9m | 827.6m | 814.1m | 821.0m | 775.8m | 703.3m | 701.4m | 672.5m | 661.5m | 669.2m | 670.5m | 711.4m | 626.1m | 639.0m | 703.1m | 718.3m | 698.1m | 703.6m | 698.3m | 544.8m | 459.4m | 714.3m | |
Gross profit | 122.7m | 129.2m | 114.0m | 140.6m | 154.7m | 142.7m | 162.3m | 203.7m | 181.3m | 188.2m | 184.5m | 182.6m | 169.8m | 185.7m | 169.1m | 185.5m | 192.3m | 173.1m | 187.4m | 188.0m | 179.5m | 198.5m | 196.5m | 184.9m | 196.3m | 205.5m | 160.5m | 149.7m | 210.2m | |
Gross profit Margin, % | 17% | 17% | 15% | 18% | 20% | 19% | 20% | 20% | 18% | 19% | 18% | 19% | 19% | 21% | 20% | 22% | 22% | 21% | 21% | 23% | 22% | 22% | 21% | 21% | 22% | 23% | 23% | 25% | 23% | |
General and administrative expense | 76.8m | 78.7m | 71.5m | 96.1m | 101.6m | 92.3m | 121.9m | 123.0m | 119.7m | 119.1m | 114.4m | 128.0m | 133.9m | 117.4m | 118.7m | 111.7m | 176.7m | |||||||||||||
Operating expense total | (57.1m) | 78.7m | 71.5m | 95.7m | 101.6m | 92.3m | 121.8m | 123.0m | 119.7m | 119.1m | 114.4m | 128.0m | 133.9m | 117.4m | 118.7m | 111.7m | 176.7m | |||||||||||||
EBIT | 179.8m | 50.5m | 42.5m | 44.9m | 53.1m | 50.4m | 40.5m | 80.7m | 61.6m | 56.4m | 49.4m | 63.6m | 70.1m | 80.3m | 69.2m | 71.3m | 81.5m | 71.2m | 81.4m | 80.0m | 67.7m | 78.8m | 77.4m | 70.5m | 68.3m | 71.6m | 43.1m | 52.8m | 33.5m | |
EBIT margin, % | 25% | 7% | 6% | 6% | 7% | 7% | 5% | 8% | 6% | 6% | 5% | 7% | 8% | 9% | 8% | 8% | 9% | 8% | 9% | 10% | 8% | 9% | 8% | 8% | 8% | 8% | 6% | 7% | 4% | |
Interest expense | 8.5m | 8.4m | 8.3m | 12.3m | 12.4m | 12.4m | 15.6m | 16.6m | 16.0m | 15.5m | 15.7m | 15.4m | 16.1m | 16.2m | 16.2m | 14.6m | 14.6m | 15.1m | 14.6m | 15.2m | 15.5m | 15.5m | 15.6m | 15.9m | 16.2m | 15.5m | 9.4m | 16.2m | 29.7m | |
Investment income | 133.9m | |||||||||||||||||||||||||||||
Pre tax profit | 171.1m | 62.9m | 38.8m | 39.9m | 33.3m | 46.4m | 53.3m | 63.4m | 51.4m | 57.0m | 66.6m | 55.9m | 65.7m | 63.4m | 51.5m | 64.4m | 61.6m | 55.6m | 52.6m | 56.2m | 28.2m | 31.3m | 5.3m | |||||||
Income tax expense | 60.9m | 15.2m | 11.7m | 11.3m | 14.9m | 13.6m | 4.7m | 24.6m | (15.8m) | (10.7m) | (2.6m) | (14.1m) | (23.1m) | 3.6m | (6.9m) | (18.0m) | (16.6m) | (13.6m) | (18.8m) | (13.8m) | (11.3m) | 16.7m | 10.1m | 5.4m | 14.3m | 14.1m | 4.6m | 11.9m | 7.9m | 2.7m |
Net Income | 110.2m | 28.5m | 21.6m | 20.2m | 24.6m | 24.0m | 15.1m | 180.6m | 22.8m | 29.2m | 31.5m | 32.7m | 30.2m | 67.0m | 44.5m | 39.0m | 50.0m | 42.3m | 46.9m | (181.4m) | 38.8m | 46.9m | 51.2m | 50.2m | 38.3m | 42.1m | 43.1m | 33.1m | 23.2m | 2.6m |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|
Cash | 191.9m | 210.0m | 365.2m | 238.6m | 279.8m | 225.5m | 243.6m | 170.9m | 864.7m |
Accounts Receivable | 321.0m | 322.6m | 428.0m | 396.8m | 347.0m | 325.6m | 392.4m | 413.4m | |
Inventories | 245.2m | 252.6m | 266.4m | 327.8m | 344.7m | ||||
Current Assets | 843.5m | 866.9m | 1.3b | 1.0b | 960.8m | 949.5m | 1.1b | 998.8m | 1.5b |
PP&E | 393.6m | 407.5m | 426.3m | 461.6m | 495.4m | 407.4m | |||
Goodwill | 396.7m | 405.5m | 559.0m | 590.6m | 597.7m | 532.7m | 610.5m | 650.3m | 685.7m |
Total Assets | 2.1b | 2.1b | 2.9b | 2.7b | 2.6b | 2.7b | 2.7b | 2.7b | 3.3b |
Accounts Payable | 294.8m | 311.4m | 386.9m | 365.9m | 351.6m | 320.9m | 388.9m | 399.0m | 287.7m |
Short-term debt | 3.0m | 3.8m | 18.5m | 32.6m | 19.4m | 18.4m | |||
Current Liabilities | 442.4m | 459.8m | 608.9m | 601.2m | 498.1m | 509.9m | 570.6m | 557.6m | 702.5m |
Long-term debt | 704.0m | 703.1m | 976.2m | 962.0m | 1.1b | 1.2b | 1.3b | 1.3b | 1.3b |
Non-Current Liabilities | 1.0b | 1.4b | 1.3b | 1.4b | 1.5b | 1.5b | 1.6b | 1.5b | |
Total Debt | 707.0m | 706.9m | 976.2m | 962.0m | 1.1b | 1.3b | 1.3b | 1.4b | 1.3b |
Total Liabilities | 2.0b | 1.9b | 1.9b | 2.0b | 2.1b | ||||
Common Stock | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | 1.2m | |||
Preferred Stock | |||||||||
Additional Paid-in Capital | 1.0b | 1.0b | 1.1b | 1.2b | 1.2b | 1.2b | 1.2b | 1.2b | 1.2b |
Retained Earnings | (84.9m) | (13.0m) | 211.6m | 259.7m | 367.1m | 491.2m | 387.1m | 472.9m | 1.0b |
Total Equity | 588.3m | 631.4m | 978.5m | 777.2m | 705.2m | 725.5m | 599.4m | 540.6m | 1.1b |
Debt to Equity Ratio | 1.2 x | 1.1 x | 2.5 x | 1.2 x | |||||
Debt to Assets Ratio | 0.3 x | 0.3 x | 0.5 x | 0.4 x | |||||
Financial Leverage | 3.5 x | 3.4 x | 3 x | 3.5 x | 3.7 x | 3.8 x | 4.5 x | 5 x | 3.1 x |
USD | Q1, 2011 | Q2, 2011 | Q3, 2011 | Q1, 2012 | Q2, 2012 | Q3, 2012 | Q1, 2013 | Q2, 2013 | Q3, 2013 | Q1, 2014 | Q2, 2014 | Q3, 2014 | Q1, 2015 | Q2, 2015 | Q3, 2015 | Q1, 2016 | Q2, 2016 | Q3, 2016 | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | 412.4m | 416.8m | 409.8m | 186.3m | 209.3m | 248.7m | 168.9m | 392.4m | 322.8m | 238.3m | 261.5m | 263.6m | 226.4m | 236.8m | 235.7m | 155.4m | 161.4m | 212.2m | 157.7m | 191.1m | 233.5m | 180.8m | 108.3m | 125.5m | 199.6m | 1.3b | 577.3m | |||
Accounts Receivable | 382.5m | 397.1m | 368.1m | 403.6m | 405.7m | 374.7m | 526.1m | 521.5m | 505.0m | 507.5m | 501.3m | 459.0m | 445.0m | 431.7m | 407.3m | 429.2m | 431.3m | 418.3m | 453.5m | 435.7m | 431.1m | 490.0m | 472.4m | 480.2m | 473.8m | 368.7m | 382.4m | 310.6m | ||
Inventories | 237.9m | 255.5m | 240.2m | 253.6m | 257.3m | 256.2m | 353.5m | 367.9m | 341.5m | 333.0m | 315.7m | 305.6m | 297.9m | 300.9m | 285.9m | 323.5m | 312.1m | 325.6m | 337.2m | 296.0m | 308.9m | 322.0m | 321.0m | 334.6m | 374.9m | 353.3m | 281.6m | 271.1m | 241.5m | 311.4m |
Current Assets | 1.1b | 1.1b | 1.1b | 898.0m | 927.7m | 931.0m | 1.2b | 1.4b | 1.2b | 1.2b | 1.2b | 1.1b | 1.1b | 1.1b | 1.0b | 948.9m | 951.2m | 1.0b | 985.0m | 1.1b | 1.0b | 1.1b | 1.0b | 1.0b | 1.2b | 2.0b | 2.6b | 1.5b | ||
PP&E | 379.6m | 379.4m | 365.0m | 393.2m | 379.3m | 380.7m | 671.6m | 654.7m | 487.7m | 497.1m | 498.5m | 977.1m | 400.8m | 400.8m | 674.5m | |||||||||||||||
Goodwill | 170.6m | 171.7m | 170.4m | 393.3m | 394.2m | 398.0m | 544.0m | 549.5m | 555.6m | 568.7m | 568.9m | 568.4m | 591.7m | 591.8m | 591.0m | 634.8m | 636.0m | 672.9m | 686.7m | 598.5m | 608.9m | 650.1m | 705.5m | 696.9m | 682.6m | 684.2m | 685.2m | |||
Total Assets | 1.8b | 1.9b | 1.8b | 2.1b | 2.1b | 2.2b | 2.9b | 3.1b | 2.9b | 2.9b | 2.8b | 2.8b | 2.7b | 2.7b | 2.6b | 2.6b | 2.6b | 2.7b | 2.8b | 2.7b | 2.6b | 2.8b | 3.0b | 2.9b | 2.9b | 3.7b | 4.7b | |||
Accounts Payable | 342.2m | 365.2m | 332.1m | 358.0m | 350.0m | 324.3m | 443.7m | 415.4m | 399.9m | 430.1m | 422.5m | 408.0m | 382.1m | 396.9m | 374.6m | 383.4m | 373.1m | 383.4m | 402.1m | 376.8m | 378.2m | 419.7m | 407.2m | 289.3m | 329.6m | 262.8m | 403.6m | |||
Short-term debt | 22.9m | 22.9m | 3.0m | 3.0m | 3.0m | 7.9m | 8.7m | 19.4m | 42.2m | 41.8m | 39.3m | 37.8m | 19.3m | 44.0m | ||||||||||||||||
Current Liabilities | 495.3m | 549.3m | 510.9m | 468.5m | 487.7m | 468.3m | 604.5m | 681.6m | 595.2m | 574.0m | 606.0m | 574.9m | 554.8m | 595.2m | 561.6m | 518.4m | 531.7m | 527.5m | 517.6m | 546.2m | 533.9m | 569.8m | 570.3m | 607.3m | 625.5m | 687.8m | 624.3m | 768.9m | ||
Long-term debt | 432.9m | 410.0m | 410.0m | 703.4m | 702.8m | 702.2m | 1.0b | 1.0b | 977.8m | 968.1m | 967.9m | 965.8m | 1.0b | 996.4m | 1.0b | 1.2b | 1.1b | 1.2b | 1.3b | 1.4b | 1.3b | 1.3b | 1.6b | 1.5b | 1.5b | 1.3b | 1.9b | 1.9b | ||
Non-Current Liabilities | 1.0b | 1.0b | 1.1b | 1.4b | 1.4b | 1.4b | 1.3b | 1.3b | 1.3b | 1.4b | 1.3b | 1.3b | 1.4b | 1.4b | 1.5b | 1.5b | 1.6b | 1.5b | 1.6b | 1.6b | 1.8b | 1.8b | 1.7b | 1.5b | 2.3b | |||||
Total Debt | 432.9m | 432.9m | 432.9m | 706.4m | 705.8m | 705.2m | 1.1b | 1.0b | 977.8m | 968.1m | 967.9m | 965.8m | 1.0b | 996.4m | 1.0b | 1.2b | 1.1b | 1.2b | 1.3b | 1.4b | 1.3b | 1.3b | 1.5b | 1.5b | 1.5b | 1.3b | 1.9b | 2.0b | ||
Total Liabilities | 1.2b | 1.2b | ||||||||||||||||||||||||||||
Common Stock | 253.3m | 253.8m | ||||||||||||||||||||||||||||
Additional Paid-in Capital | 1.0b | 1.0b | ||||||||||||||||||||||||||||
Retained Earnings | (118.7m) | (97.2m) | ||||||||||||||||||||||||||||
Total Equity | 615.2m | 629.6m | 608.5m | 613.7m | 606.7m | 631.7m | 873.9m | 995.7m | 996.6m | 949.1m | 913.0m | 868.0m | 759.1m | 799.9m | 749.0m | 693.5m | 731.8m | 756.3m | 734.4m | 558.1m | 568.7m | 614.1m | 568.9m | 571.1m | 592.2m | 1.5b | 1.6b | 1.6b | ||
Debt to Equity Ratio | 0.7 x | 0.7 x | 0.7 x | 1.2 x | 1.2 x | 1.1 x | 1.2 x | 1 x | 1 x | 1 x | 1.1 x | 1.1 x | 1.4 x | 1.2 x | 1.4 x | 1.7 x | 1.5 x | 1.6 x | 1.7 x | 2.5 x | 2.3 x | 2.2 x | 2.7 x | 2.6 x | 2.5 x | 0.9 x | ||||
Debt to Assets Ratio | 0.2 x | 0.2 x | 0.2 x | 0.3 x | 0.3 x | 0.3 x | 0.4 x | 0.3 x | 0.3 x | 0.3 x | 0.3 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.4 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.5 x | 0.4 x | ||||
Financial Leverage | 3 x | 3 x | 3 x | 3.5 x | 3.5 x | 3.4 x | 3.3 x | 3.1 x | 3 x | 3 x | 3.1 x | 3.2 x | 3.5 x | 3.4 x | 3.5 x | 3.8 x | 3.6 x | 3.6 x | 3.8 x | 4.9 x | 4.7 x | 4.5 x | 5.2 x | 5.1 x | 5 x | 2.4 x | 2.9 x |
USD | FY, 2011 | FY, 2012 | FY, 2013 | FY, 2014 | FY, 2015 | FY, 2016 | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|---|---|---|---|---|---|
Net Income | 172.6m | 71.9m | 242.7m | 78.4m | 144.7m | 165.0m | (57.6m) | 159.5m | 588.8m |
Depreciation and Amortization | 57.5m | 69.8m | 109.8m | 123.9m | 98.1m | 100.5m | 97.4m | 88.5m | 87.5m |
Accounts Receivable | 5.4m | 3.4m | 26.9m | 24.4m | 42.6m | (17.6m) | (44.7m) | (11.3m) | 29.7m |
Inventories | 4.7m | (2.7m) | 21.4m | 800.0k | (41.1m) | (10.6m) | 40.2m | ||
Accounts Payable | 13.8m | 13.8m | (16.6m) | (15.2m) | (8.3m) | 12.4m | 52.2m | 7.9m | (22.7m) |
Cash From Operating Activities | 72.5m | 106.9m | 109.0m | 208.4m | 227.2m | 227.6m | 202.4m | 253.7m | 300.8m |
Purchases of PP&E | (54.1m) | (57.4m) | (76.0m) | (81.7m) | |||||
Capital Expenditures | (76.4m) | (92.8m) | (91.2m) | (84.2m) | (79.6m) | ||||
Cash From Investing Activities | (422.5m) | (72.3m) | (60.1m) | (111.8m) | (106.5m) | (235.4m) | (119.4m) | (170.3m) | 611.9m |
Short-term Borrowings | (800.0k) | (1.1b) | (1.1b) | ||||||
Long-term Borrowings | (42.9m) | (3.0m) | (343.3m) | (8.0m) | (365.3m) | (1.0b) | (1.4b) | (6.5m) | (8.3m) |
Dividends Paid | (11.1m) | (16.9m) | (21.5m) | (29.9m) | (35.7m) | (40.3m) | (44.1m) | (56.1m) | (60.3m) |
Cash From Financing Activities | 163.9m | (17.5m) | 104.8m | (218.4m) | (70.4m) | (40.3m) | (72.7m) | (148.1m) | (218.3m) |
Net Change in Cash | (186.2m) | 18.1m | 41.2m | (53.1m) | 16.9m | (72.7m) | 693.8m | ||
Income Taxes Paid | 32.6m | 30.8m | |||||||
Free Cash Flow | 32.6m | 115.6m | 136.0m | 143.4m | 122.8m |
USD | Q1, 2011 |
---|---|
Debt/Equity | 0.7 x |
Debt/Assets | 0.2 x |
Financial Leverage | 3 x |