Koppers Holdings Inc. Financial Statements — KOP Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	1,190	1,466	1,555	1,478	1,555	1,627	1,416	1,476	1,563	1,637	1,669	1,679	1,980	2,154	2,092
- Cost of Revenue	1,003	1,242	1,325	1,265	1,344	1,367	1,126	1,153	1,261	1,306	1,309	1,344	1,636	1,730	1,670
+ Cost of Goods & Services	1,003	1,242	1,325	1,265	1,344	1,367	1,126	1,153	1,261	1,306	1,309	1,344	1,636	1,730	1,670
+ Sales & Services Revenue	1,190	1,466	1,555	1,478	1,555	1,627	1,416	1,476	1,563	1,637	1,669	1,679	1,980	2,154	2,092
Gross Profit	187	224	230	214	211	260	290	322	302	331	360	334	345	424	423
- Operating Expenses	89	101	103	101	160	184	179	182	205	200	197	207	209	231	247
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	27	27	28	30	44	59	53	50	47	51	54	58	56	57	68
+ Selling, General & Admin	62	74	76	72	116	125	126	132	158	148	143	149	153	174	179
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	98	123	127	112	51	77	111	140	97	131	163	128	135	193	176
- Non-Operating (Income) Loss	25	26	27	35	57	157	73	80	66	67	53	8	40	69	106
+ Interest Expense, Net	27	27	28	27	39	51	51	42	54	62	49	40	45	71	76
+ Interest Expense	27	27	28	27	39	51	51	42	54	62	49	40	45	71	76
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-2	-1	-1	8	18	106	22	37	11	6	4	-33	-5	-2	30
Pretax Income	74	96	101	77	-6	-80	38	60	31	64	110	120	95	125	69
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	29	39	33	37	34	-4	11	29	26	- -	21	34	32	35	21
Income (Loss) from Cont Ops	45	58	67	40	-40	-76	27	31	6	64	89	85	64	90	49
- Net Extraordinary Losses (Gains)	1	21	3	- -	-15	-8	-4	4	-12	-2	-34	- -	- -	1	-8
+ Discontinued Operations	- -	-20	- -	- -	1	- -	1	-1	24	4	32	- -	-1	- -	- -
+ Extraord. & Accounting Changes	1	41	3	- -	-15	-8	-4	4	-36	-6	-66	- -	1	1	-8
Income (Loss) Incl. MI	44	36	64	41	-25	-68	31	28	18	66	123	86	64	89	56
- Minority Interest	- -	-1	-2	- -	7	4	2	-1	-6	-1	1	- -	- -	-1	4
Net Income, GAAP	44	37	66	40	-32	-72	29	29	23	67	122	85	63	89	52
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	44	37	66	40	-32	-72	29	29	23	67	122	85	63	89	52
Basic Weighted Avg Shares	21	21	21	21	20	21	21	21	21	21	21	21	21	21	21
Basic EPS, GAAP	2.15	1.79	3.17	1.96	-1.58	-3.51	1.42	1.4	1.12	3.22	5.81	4.01	3.02	4.28	2.54
Basic EPS from Cont Ops	2.17	2.79	3.25	1.95	-1.95	-3.7	1.31	1.51	0.26	3.08	4.24	4.01	3.04	4.31	2.35
Diluted Weighted Avg Shares	21	21	21	21	20	21	21	22	21	21	21	22	21	22	21
Diluted EPS, GAAP	2.13	1.77	3.13	1.94	-1.58	-3.51	1.39	1.32	1.1	3.16	5.71	3.89	2.97	4.14	2.46
Diluted EPS from Cont Ops	2.16	2.76	3.22	1.93	-1.95	-3.7	1.29	1.42	0.26	3.02	4.17	3.88	2.99	4.17	2.28
EBITDA	126	172	155	142	95	136	164	190	148	186	217	185	191	250	243
EBITDA Margin (%)	10.6	11.7	9.95	9.6	6.12	8.33	11.6	12.85	9.44	11.37	13.02	11.03	9.66	11.62	11.63
EBITA	98	123	127	112	51	77	111	140	97	131	163	128	135	193	176
EBIT	98	123	127	112	51	77	111	140	97	131	163	128	135	193	176
Gross Margin (%)	15.72	15.27	14.82	14.45	13.59	15.99	20.48	21.83	19.31	20.2	21.59	19.9	17.4	19.71	20.2
Operating Margin (%)	8.24	8.37	8.18	7.59	3.29	4.71	7.87	9.47	6.19	8	9.78	7.6	6.83	8.98	8.4
Profit Margin (%)	3.7	2.52	4.22	2.73	-2.08	-4.43	2.07	1.97	1.5	4.07	7.31	5.08	3.2	4.14	2.5
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.12	0.88	0.94	1.03	1	0.42	- -	- -	- -	- -	- -	- -	0.2	0.24	0.29
Depreciation Expense	28	49	28	30	44	59	53	50	51	55	54	58	56	57	68

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	370	427	481	473	541	444	438	507	540	520	564	628	637	699	681
+ Accounts & Notes Receiv	141	183	174	176	208	169	150	161	192	163	175	183	216	202	192
+ Accounts Receivable, Net	129	161	163	158	199	155	137	159	190	162	175	183	216	202	192
+ Loans Receivable, Net	- -	12	10	10	10	10	9	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	12	11	2	9	- -	5	4	2	3	1	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	35	54	67	82	51	22	21	60	41	32	38	46	33	66	44
+ Cash & Cash Equivalents	35	54	67	82	51	22	21	60	41	32	38	46	33	66	44
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	165	159	196	169	241	226	229	237	285	288	296	314	356	396	405
+ Inventory Adjustments	-45	-48	-52	-51	-56	-56	-47	-46	-59	-63	-50	-78	-103	-110	-116
+ Finished Goods	95	95	110	95	104	97	104	98	128	108	99	112	130	139	153
+ Work In Process	8	20	20	19	3	16	14	11	16	12	12	13	10	18	14
+ Raw Materials	108	92	118	105	191	170	158	174	200	232	234	267	318	348	354
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	29	31	45	46	41	27	39	49	22	36	55	86	32	34	40
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	299	303	299	312	753	669	649	694	940	1,045	1,034	1,034	1,075	1,136	1,210
+ LT Investments & Receivables	5	5	6	7	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments	5	5	6	7	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	168	156	161	197	300	278	281	328	418	471	512	580	644	722	751
- Accumulated Depreciation	481	479	421	451	443	471	510	510	466	459	495	439	462	473	494
+ Property, Plant & Equip	650	635	582	648	743	748	791	838	884	930	1,006	1,019	1,106	1,195	1,245
+ Other LT Assets	126	143	132	108	448	391	369	366	522	574	522	454	431	414	459
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	72	72	76	85	415	343	328	318	484	464	448	428	410	397	436
+ Goodwill	72	72	76	73	247	187	186	188	296	296	298	296	294	294	317
+ Other Intangible Assets	- -	- -	- -	12	168	156	142	130	188	168	150	132	116	102	119
+ Misc LT Assets	54	71	56	23	33	48	40	48	37	110	75	26	21	18	23
Total Assets	669	731	780	785	1,294	1,113	1,088	1,200	1,480	1,565	1,599	1,662	1,711	1,836	1,890
+ Payables & Accruals	148	170	181	195	248	241	250	270	287	252	261	262	304	298	294
+ Other Payables & Accruals	60	68	78	88	128	100	106	128	110	89	107	90	96	95	115
+ Accounts Payable	88	102	104	108	121	141	144	142	177	163	154	172	207	203	179
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	1	- -	- -	- -	44	40	43	11	12	32	31	23	20	28	32
+ ST Borrowings	1	- -	- -	- -	44	40	43	11	12	10	10	2	- -	5	5
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	22	21	21	20	23	27
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	12	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	12	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	149	170	181	195	292	280	293	281	299	296	292	286	324	326	326
+ LT Debt	295	302	296	303	807	682	620	666	979	982	847	852	884	903	990
+ LT Borrowings	295	302	296	303	807	682	620	666	979	891	766	782	818	835	926
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	92	81	70	66	67	64
+ Other LT Liabilities	124	151	135	97	111	162	140	148	135	127	113	114	100	104	85
+ Accrued Liabilities	- -	- -	3	15	10	6	6	7	7	7	21	33	22	26	26
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	38	47	42	41	46	103	82	94	80	74	46	42	44	46	44
+ Pension Liabilities	86	104	90	42	55	54	52	46	48	47	46	39	35	32	15
Total Noncurrent Liabilities	420	453	431	400	918	845	760	813	1,114	1,110	960	965	984	1,007	1,075
Total Liabilities	569	624	612	595	1,210	1,125	1,053	1,094	1,413	1,406	1,253	1,251	1,308	1,332	1,401
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	137	143	154	159	165	168	177	191	206	222	234	250	264	291	318
+ Additional Paid in Capital	137	143	153	159	164	168	176	191	206	222	234	250	264	291	317
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	24	25	33	50	52	53	53	58	90	91	92	104	128	148	198
+ Retained Earnings	-12	7	52	71	18	-54	-25	7	27	94	216	301	360	444	490
+ Other Equity	-12	-30	-22	-10	-60	-80	-69	-40	-87	-78	-16	-40	-97	-89	-121
Equity Before Minority Interest	89	95	151	170	70	-18	30	100	56	147	342	407	399	499	489
+ Minority/Non Controlling Interest	11	12	18	20	14	6	4	6	11	11	4	4	4	4	- -
Total Equity	100	107	168	190	84	-12	35	106	67	159	346	411	403	503	489
Total Liabilities & Equity	669	731	780	785	1,294	1,113	1,088	1,200	1,480	1,565	1,599	1,662	1,711	1,836	1,890
Shares Outstanding	21	21	21	20	20	21	21	21	21	21	21	21	21	21	20
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	114	102	92	87	90	91
Net Debt	261	248	229	221	799	700	642	617	950	869	737	738	784	774	887
Net Debt to Equity	261.36	231.34	136.47	116.39	952.8	-5,649.19	1,854.34	582.89	1,417.61	547.51	213.12	179.65	194.64	153.86	181.37
Tangible Common Equity Ratio	4.66	5.33	13.13	14.99	-37.66	-46.1	-38.69	-24.03	-41.94	-27.8	-8.83	-1.35	-0.55	7.39	3.64
Current Ratio	2.48	2.51	2.66	2.42	1.85	1.58	1.49	1.8	1.81	1.75	1.93	2.2	1.97	2.14	2.09
Cash Conversion Cycle	65.45	55.67	59.3	61.06	68.13	66.83	65.26	65.33	71.74	71.89	74.36	77.99	70.15	72.39	80.33
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	44	38	67	40	-39	-76	28	30	29	67	121	85	63	90	49
+ Depreciation & Amortization	28	49	28	30	44	59	53	50	51	55	54	58	56	57	68
+ Non-Cash Items	7	-1	4	18	8	100	17	18	15	-21	-31	5	28	26	48
+ Asset Impairment Charge	- -	- -	1	12	5	82	4	4	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	5	-11	8	20	2	-16	- -	2	9	-11	9	17	3	6	3
+ Other Non-Cash Adj	-1	5	-11	-18	-4	31	5	2	-7	-22	-52	-25	12	3	24
+ Stock-Based Compensation	3	5	7	4	5	4	9	11	12	12	11	13	13	17	21
+ Chg in Non-Cash Work Cap	25	-8	-21	30	23	44	22	4	-17	14	-17	-45	-45	-26	-44
+ (Inc) Dec in Accts Receiv	-19	-33	- -	3	13	34	13	-16	-8	25	-12	-13	-32	15	8
+ Inc (Dec) in Accts Payable	36	20	6	12	19	5	13	18	4	1	-17	- -	25	-3	-39
+ (Inc) Dec in Inventories	8	5	-26	22	-14	-4	-3	1	-18	-15	9	-24	-42	-37	-6
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	- -	- -	-7	4	9	-1	1	6	3	3	-8	4	-1	-7
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	105	77	78	118	36	128	120	102	78	115	127	103	102	146	119
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	-12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc in LT Investment	- -	-12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	-34	- -	-13	1	-496	- -	-4	2	-264	- -	- -	- -	-15	- -	-99
+ Cash for Acq of Subs	-36	-1	-14	-2	-496	-15	-4	- -	-264	- -	- -	- -	-15	- -	-99
+ Cash from Divestitures	2	1	1	3	- -	15	- -	2	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-30	-33	-27	-73	-84	-41	-50	-58	-112	-34	6	-90	-100	-116	-74
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	-4	- -	75	29	4	3	- -
Cash from Investing Activities	-63	-45	-40	-72	-580	-41	-54	-56	-376	-34	6	-90	-115	-116	-173
+ Dividends Paid	-23	-18	-20	-21	-20	-9	- -	- -	- -	- -	- -	- -	-4	-5	-6
+ Net Cash From Debt	-40	-206	-6	7	548	-113	-61	8	315	-30	-71	20	75	159	89
+ Cash From Debt	152	218	259	104	916	613	- -	554	335	- -	- -	562	889	2,453	806
+ Repayments of Debt	-192	-424	-266	-98	-368	-727	-61	-547	-20	-30	-71	-542	-814	-2,294	-718
+ Cash (Repurchase) of Equity	-1	- -	-7	-17	-1	- -	- -	-2	-29	3	- -	-9	-22	-10	-46
+ Decrease in Capital Stock	-1	- -	-8	-18	-2	- -	- -	-5	-32	-1	-2	-12	-24	-20	-51
+ Increase in Capital Stock	- -	- -	2	- -	1	- -	- -	3	3	4	1	2	1	10	5
+ Other Financing Activities	- -	211	5	2	-10	-1	-1	-11	-3	-62	-58	-15	-43	-141	-2
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-64	-13	-27	-30	516	-123	-63	-6	283	-89	-129	-4	5	3	36
Effect of Foreign Exchange Rates	-1	- -	2	- -	-3	8	-4	- -	-4	- -	2	-2	-4	- -	-4
Net Changes in Cash	-22	19	11	15	-28	-37	3	39	-15	-7	4	10	-8	33	-18
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	126	172	155	142	95	136	164	190	148	186	217	185	191	250	243
EBITDA Margin (%)	10.6	11.7	9.95	9.6	6.12	8.33	11.6	12.85	9.44	11.37	13.02	11.03	9.66	11.62	11.63
Net Cash Paid for Acquisitions	34	- -	13	-1	496	- -	4	-2	264	- -	- -	- -	15	- -	99
Free Cash Flow	105	77	78	118	36	128	120	102	78	115	127	103	102	146	119
Free Cash Flow to Firm	122	93	96	132	- -	- -	155	124	88	177	167	132	132	197	173
Free Cash Flow to Equity	65	-129	71	124	583	14	58	109	393	86	56	123	177	305	208
Free Cash Flow per Basic Share	5.13	3.73	3.76	5.72	1.73	6.22	5.79	4.91	3.75	5.58	6.05	4.85	4.88	7.01	5.78
Price/Free Cash Flow	6.2	8.42	9.54	7.71	14.67	2.88	6.96	10.78	4.55	6.84	5.13	6.53	5.8	7.5	5.78
Cash Flow to Net Income	2.39	2.08	1.19	2.91	-1.1	-1.77	4.08	3.5	3.35	1.73	1.04	1.21	1.61	1.64	2.28

Koppers Holdings Inc.

Income Statement

Balance Sheet

Cash Flow Statement