Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-10 | Dec-31-09 | Dec-31-08 | Dec-31-07 | Dec-31-06 | Dec-31-05 | Dec-31-04 | Dec-31-03 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K/A | 10-K |
| Revenues: |
| Lubrizol Additives | 3,884.3 | 3,283.9 | 3,541.5 | 3,032.8 | 2,661.7 | 2,280.0 | 1,998.6 | |
| Lubrizol Advanced Materials | 1,533.5 | 1,302.4 | 1,486.3 | 1,466.2 | 1,379.1 | 1,342.2 | 865.8 | |
| Lubrizol Advanced Materials Performance Coatings | 448.9 | 386.6 | 510.6 | | | | | |
| Lubricant Additives | | | | | | | | 1,767.0 |
| Other | | | | | | | | 253.3 |
| Total revenues [+] | 5,417.8 | 4,586.3 | 5,027.8 | 4,499.0 | 4,040.8 | 3,622.2 | 2,864.4 | 2,020.3 |
| Royalties | | | | | | | 3.9 | |
| Products | | | | | | | 2,860.5 | |
| Revenue growth [+] | 18.1% | -8.8% | 11.8% | 11.3% | 11.6% | 26.5% | 41.8% | 1.8% |
| Lubrizol Additives | 18.3% | -7.3% | 16.8% | 13.9% | 16.7% | 14.1% | | |
| Lubrizol Advanced Materials | 17.7% | -12.4% | 1.4% | 6.3% | 2.7% | 55.0% | | |
| Lubrizol Advanced Materials Performance Coatings | 16.1% | -24.3% | | | | | | |
| Lubricant Additives | | | | | | | | -1.7% |
| Specialty Chemicals | | | | | | | | 36.4% |
| Cost of goods sold | 3,626.8 | 3,071.0 | 3,906.5 | 3,378.1 | 3,045.2 | 2,700.1 | 2,104.6 | 1,484.4 |
| Gross profit | 1,791.0 | 1,515.3 | 1,121.3 | 1,120.9 | 995.6 | 922.1 | 759.8 | 535.9 |
| Gross margin | 33.1% | 33.0% | 22.3% | 24.9% | 24.6% | 25.5% | 26.5% | 26.5% |
| Selling, general and administrative | 452.1 | 435.2 | 417.7 | 422.2 | 381.7 | 348.4 | 284.8 | 196.7 |
| Other operating expenses | 128.5 | 93.2 | -215.3 | 396.4 | 411.6 | 429.0 | 344.7 | 159.3 |
| EBITDA [+] | 1,379.4 | 1,157.2 | 1,092.4 | 463.7 | 364.1 | 324.5 | 285.0 | 280.3 |
| EBITDA growth | 19.2% | 5.9% | 135.6% | 27.4% | 12.2% | 13.9% | 1.7% | 14.4% |
| EBITDA margin | 25.5% | 25.2% | 21.7% | 10.3% | 9.0% | 9.0% | 9.9% | 13.9% |
| Depreciation and amortization | 144.1 | 145.1 | 146.5 | 137.1 | 138.1 | 156.3 | 137.8 | 95.5 |
| EBITA | 1,235.3 | 1,012.1 | 945.9 | 326.6 | 226.0 | 168.2 | 147.2 | 184.8 |
| EBITA margin | 22.8% | 22.1% | 18.8% | 7.3% | 5.6% | 4.6% | 5.1% | 9.1% |
| Amortization of intangibles | 24.9 | 25.2 | 27.0 | 24.3 | 23.7 | 23.5 | 16.9 | 4.9 |
| EBIT [+] | 1,210.4 | 986.9 | 918.9 | 302.3 | 202.3 | 144.7 | 130.3 | 179.9 |
| EBIT growth | 22.6% | 7.4% | 204.0% | 49.4% | 39.8% | 11.1% | -27.6% | 20.6% |
| EBIT margin | 22.3% | 21.5% | 18.3% | 6.7% | 5.0% | 4.0% | 4.5% | 8.9% |
| Non-recurring items [+] | 11.7 | 30.4 | 395.6 | 1.5 | 51.9 | 15.9 | 72.1 | 22.5 |
| Asset impairment | 11.7 | 30.4 | 394.0 | | | | | |
| In-process research & development | | | 1.6 | | | | 34.0 | |
| Interest expense, net [+] | 94.0 | 103.0 | 65.7 | 63.8 | 79.3 | 97.0 | 72.3 | 21.3 |
| Interest expense | 99.7 | 110.5 | 78.1 | 91.8 | 99.7 | 105.1 | 77.1 | 25.1 |
| Interest income | 5.7 | 7.5 | 12.4 | 28.0 | 20.4 | 8.1 | 4.8 | 3.8 |
| Other income (expense), net | -100.4 | -127.7 | -440.6 | 168.4 | 190.9 | 208.4 | 148.6 | -7.6 |
| Pre-tax income | 1,004.3 | 725.8 | 17.0 | 405.4 | 262.0 | 240.2 | 134.5 | 128.5 |
| Income taxes | 255.6 | 211.6 | 75.9 | 115.6 | 82.2 | 80.8 | 49.0 | 37.9 |
| Tax rate | 25.5% | 29.2% | 446.5% | 28.5% | 31.4% | 33.6% | 36.4% | 29.5% |
| Minority interest | 16.5 | 13.4 | 7.2 | 6.4 | | | | |
| Earnings from continuing ops | 732.2 | 500.8 | -66.1 | 283.4 | 179.8 | 159.4 | 85.5 | 90.6 |
| Earnings from discontinued ops | | | | | -76.2 | 27.8 | 6.3 | 0.2 |
| Net income | 732.2 | 500.8 | -66.1 | 283.4 | 103.6 | 187.2 | 91.8 | 90.8 |
| Net margin | 13.5% | 10.9% | -1.3% | 6.3% | 2.6% | 5.2% | 3.2% | 4.5% |
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| Basic EPS [+] | $10.88 | $7.35 | ($0.97) | | $2.62 | $2.35 | $1.54 | $1.76 |
| Growth | 47.9% | -857.6% | | | 11.5% | 52.9% | -12.5% | -23.6% |
| Diluted EPS [+] | $10.64 | $7.26 | ($0.97) | | $2.59 | $2.32 | $1.53 | $1.75 |
| Growth | 46.6% | -847.8% | | | 11.7% | 51.6% | -12.5% | -23.7% |
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| Dividends per share [+] | $1.39 | $1.24 | $1.23 | $1,160,000.00 | $1,040,000.00 | $1,040,000.00 | $1,040,000.00 | |
| Growth | 12.1% | 0.8% | -100.0% | 11.5% | 0.0% | 0.0% | | -100.0% |
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| Shares outstanding (basic) [+] | 67.3 | 68.1 | 68.1 | | 68.6 | 67.8 | 55.6 | 51.6 |
| Growth | -1.2% | 0.0% | | | 1.2% | 21.9% | 7.8% | 0.1% |
| Shares outstanding (diluted) [+] | 68.8 | 69.0 | 68.1 | | 69.5 | 68.8 | 56.0 | 51.9 |
| Growth | -0.3% | 1.3% | | | 1.0% | 23.0% | 7.9% | 0.2% |
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| 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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