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Chemtura CORP (CHMT)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09
   10-K10-K10-K10-K10-K10-K10-K10-K/A
Revenues:  
    Industrial Performance Products  823.0886.0987.0979.0891.0939.0835.0999.0
    Industrial Engineered Products  721.0722.0800.0803.0896.0869.0728.0512.0
    Chemtura AgroSolutions  110.0137.0403.0449.0409.0376.0351.0332.0
    Other        458.0457.0
Total revenues  1,654.01,745.02,190.02,231.02,196.02,184.02,372.02,300.0
            Revenue growth   [+]-5.2%-20.3%-1.8%1.6%0.5%-7.9%3.1%-27.1%
Cost of goods sold  1,181.01,312.01,682.01,721.01,615.01,626.01,760.01,721.0
Gross profit  473.0433.0508.0510.0581.0558.0612.0579.0
            Gross margin  28.6%24.8%23.2%22.9%26.5%25.5%25.8%25.2%
Selling, general and administrative  143.0151.0234.0229.0246.0269.0306.0289.0
Research and development  21.020.036.040.041.036.039.035.0
Equity in earnings   1.0      
EBITDA   [+]145.0256.01,275.0263.0329.0286.0251.0193.0
            EBITDA margin  8.8%14.7%58.2%11.8%15.0%13.1%10.6%8.4%
Depreciation  78.081.087.0104.0119.0118.0143.0135.0
EBITA  67.0175.01,188.0159.0210.0168.0108.058.0
            EBITA margin  4.1%10.0%54.2%7.1%9.6%7.7%4.6%2.5%
Amortization of intangibles  7.012.015.019.020.022.032.038.0
EBIT   [+]60.0163.01,173.0140.0190.0146.076.020.0
            EBIT margin  3.6%9.3%53.6%6.3%8.7%6.7%3.2%0.9%
Non-recurring items   [+]14.0 554.042.011.0-20.056.052.0
Interest expense, net   [+]30.028.042.057.059.060.0188.063.0
Other income (expense), net   [+]-2.017.02.0-45.09.0-21.0-400.0-121.0
Pre-tax income  14.0152.0579.0-4.0129.085.0-568.0-216.0
Income taxes  29.016.0-192.018.026.017.019.010.0
            Tax rate  207.1%10.5%  20.2%20.0%  
Minority interest      1.0-1.0-1.01.0
Earnings from continuing ops  -15.0136.01,542.0-22.0104.067.0-600.0-230.0
Earnings from discontinued ops    -8.0-155.0-3.052.014.0-63.0
Net income  -15.0136.01,534.0-177.0101.0119.0-586.0-293.0
            Net margin  -0.9%7.8%70.0%-7.9%4.6%5.4%-24.7%-12.7%
   
Basic EPS   [+]($0.24)$2.01$17.10($0.23)$1.06$0.67($2.69)($0.95)
Diluted EPS   [+]($0.24)$1.98$16.85($0.23)$1.05$0.67($2.69)($0.95)
   
Shares outstanding (basic)   [+]63.867.890.297.798.2100.1223.0242.9
Shares outstanding (diluted)   [+]63.868.891.597.798.8100.3223.0242.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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