◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

STEPAN CO CIK: 94049 Q1 2022
Filing Information
Form Type 10-Q
Accession Number 0001564590-22-018101
Period End Date 20220331
Filing Date 20220505
Fiscal Year 2022
Fiscal Period Q1
XBRL Instance scl-10q_20220331_htm.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 60.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $236.04M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $159.19M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 26.81M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 26.76M shares Point-in-time
Receivables, net ReceivablesNetCurrent $504.47M USD Point-in-time
Treasury stock, shares TreasuryStockCommonShares 4.45M shares Point-in-time
Receivables, net ReceivablesNetCurrent $419.54M USD Point-in-time
Treasury stock, shares TreasuryStockCommonShares 4.34M shares Point-in-time
Inventories (Note 6) InventoryNet $305.54M USD Point-in-time
Inventories (Note 6) InventoryNet $308.42M USD Point-in-time
Other current assets OtherAssetsCurrent $32.93M USD Point-in-time
Other current assets OtherAssetsCurrent $29.10M USD Point-in-time
Total current assets AssetsCurrent $913.37M USD Point-in-time
Total current assets AssetsCurrent $1.08B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $2.09B USD Point-in-time
Cost PropertyPlantAndEquipmentGross $2.15B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.24B USD Point-in-time
Less: Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.26B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $850.60M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $892.58M USD Point-in-time
Goodwill, net (Note 17) Goodwill $97.19M USD Point-in-time
Goodwill, net (Note 17) Goodwill $97.56M USD Point-in-time
Other intangible assets, net (Note 17) IntangibleAssetsNetExcludingGoodwill $60.78M USD Point-in-time
Other intangible assets, net (Note 17) IntangibleAssetsNetExcludingGoodwill $58.77M USD Point-in-time
Long-term investments (Note 3) LongTermInvestments $29.17M USD Point-in-time
Long-term investments (Note 3) LongTermInvestments $34.49M USD Point-in-time
Operating lease assets (Note 7) OperatingLeaseRightOfUseAsset $69.61M USD Point-in-time
Operating lease assets (Note 7) OperatingLeaseRightOfUseAsset $67.36M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $45.29M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $39.56M USD Point-in-time
Total assets Assets $2.07B USD Point-in-time
Total assets Assets $2.27B USD Point-in-time
Current maturities of long-term debt (Note 14) LongTermDebtCurrent $139.35M USD Point-in-time
Current maturities of long-term debt (Note 14) LongTermDebtCurrent $40.72M USD Point-in-time
Accounts payable AccountsPayableCurrent $323.36M USD Point-in-time
Accounts payable AccountsPayableCurrent $350.75M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $136.40M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $120.95M USD Point-in-time
Total current liabilities LiabilitiesCurrent $500.48M USD Point-in-time
Total current liabilities LiabilitiesCurrent $611.06M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $10.96M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $12.49M USD Point-in-time
Long-term debt, less current maturities (Note 14) LongTermDebtNoncurrent $322.86M USD Point-in-time
Long-term debt, less current maturities (Note 14) LongTermDebtNoncurrent $397.76M USD Point-in-time
Non-current operating lease liabilities (Note 7) OperatingLeaseLiabilityNoncurrent $56.67M USD Point-in-time
Non-current operating lease liabilities (Note 7) OperatingLeaseLiabilityNoncurrent $54.64M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $98.92M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $81.44M USD Point-in-time
Commitments and Contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and Contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,813,581 shares in 2022 and 26,760,714 issued shares in 2021 CommonStockValue $26.76M USD Point-in-time
Common stock, $1 par value; authorized 60,000,000 shares; Issued 26,813,581 shares in 2022 and 26,760,714 issued shares in 2021 CommonStockValue $26.81M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $224.50M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $220.82M USD Point-in-time
Accumulated other comprehensive loss (Note 11) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-140.18M USD Point-in-time
Accumulated other comprehensive loss (Note 11) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-153.24M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.17B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.13B USD Point-in-time
Less: Common treasury stock, at cost, 4,449,824 shares in 2022 and 4,340,729 shares in 2021 TreasuryStockCommonValue $165.24M USD Point-in-time
Less: Common treasury stock, at cost, 4,449,824 shares in 2022 and 4,340,729 shares in 2021 TreasuryStockCommonValue $153.70M USD Point-in-time
Total Stepan Company stockholders equity StockholdersEquity $1.07B USD Point-in-time
Total Stepan Company stockholders equity StockholdersEquity $1.12B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.00B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $988.37M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.07B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.12B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.07B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.27B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Net Sales RevenueFromContractWithCustomerExcludingAssessedTax $537.74M USD 1 Quarter
Net Sales RevenueFromContractWithCustomerExcludingAssessedTax $675.28M USD 1 Quarter
Cost of Sales CostOfGoodsAndServicesSold $566.06M USD 1 Quarter
Cost of Sales CostOfGoodsAndServicesSold $428.76M USD 1 Quarter
Gross Profit GrossProfit $108.98M USD 1 Quarter
Gross Profit GrossProfit $109.22M USD 1 Quarter
Selling SellingAndMarketingExpense $15.28M USD 1 Quarter
Selling SellingAndMarketingExpense $14.50M USD 1 Quarter
Administrative GeneralAndAdministrativeExpense $21.57M USD 1 Quarter
Administrative GeneralAndAdministrativeExpense $22.64M USD 1 Quarter
Research, development and technical services ResearchDevelopmentTechnicalServicesExpense $16.47M USD 1 Quarter
Research, development and technical services ResearchDevelopmentTechnicalServicesExpense $15.15M USD 1 Quarter
Deferred compensation (income) expense DeferredCompensationExpenseIncome $-7.50M USD 1 Quarter
Deferred compensation (income) expense DeferredCompensationExpenseIncome $2.69M USD 1 Quarter
Total Operating expenses OperatingExpenses $45.82M USD 1 Quarter
Total Operating expenses OperatingExpenses $54.98M USD 1 Quarter
Business restructuring expenses (Note 16) RestructuringCosts $52.00K USD 1 Quarter
Business restructuring expenses (Note 16) RestructuringCosts $81.00K USD 1 Quarter
Operating Income OperatingIncomeLoss $63.35M USD 1 Quarter
Operating Income OperatingIncomeLoss $53.91M USD 1 Quarter
Interest, net InterestIncomeExpenseNonoperatingNet $-2.31M USD 1 Quarter
Interest, net InterestIncomeExpenseNonoperatingNet $-1.52M USD 1 Quarter
Other, net (Note 15) OtherNonoperatingIncomeExpense $-1.65M USD 1 Quarter
Other, net (Note 15) OtherNonoperatingIncomeExpense $746.00K USD 1 Quarter
Nonoperating Income (Expense), Total NonoperatingIncomeExpense $-3.96M USD 1 Quarter
Nonoperating Income (Expense), Total NonoperatingIncomeExpense $-778.00K USD 1 Quarter
Income Before Provision for Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $53.14M USD 1 Quarter
Income Before Provision for Income Taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $59.39M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $12.53M USD 1 Quarter
Provision for Income Taxes IncomeTaxExpenseBenefit $14.58M USD 1 Quarter
Net Income ProfitLoss $40.61M USD 1 Quarter
Net Income ProfitLoss $44.81M USD 1 Quarter
Net Income Attributable to Stepan Company NetIncomeLoss $40.61M USD 1 Quarter
Net Income Attributable to Stepan Company NetIncomeLoss $44.81M USD 1 Quarter
Basic EarningsPerShareBasic $1.77 USD 1 Quarter
Basic EarningsPerShareBasic $1.96 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.74 USD 1 Quarter
Diluted EarningsPerShareDiluted $1.93 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.90M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 22.97M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 23.17M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 23.33M shares 1 Quarter
Cash Flow Statement 67 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $40.61M USD 1 Quarter
Net income ProfitLoss $44.81M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $22.91M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $22.06M USD 1 Quarter
Deferred compensation DeferredCompensationExpenseIncome $-7.50M USD 1 Quarter
Deferred compensation DeferredCompensationExpenseIncome $2.69M USD 1 Quarter
Realized and unrealized (gains) losses on long-term investments GainLossOnInvestments $-2.49M USD 1 Quarter
Realized and unrealized (gains) losses on long-term investments GainLossOnInvestments $534.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.54M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.96M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.54M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.48M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $40.00K USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-1.03M USD 1 Quarter
Receivables, net IncreaseDecreaseInReceivables $80.34M USD 1 Quarter
Receivables, net IncreaseDecreaseInReceivables $63.24M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-481.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $7.48M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $3.92M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherOperatingAssets $861.00K USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-1.18M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-9.38M USD 1 Quarter
Pension liabilities IncreaseDecreaseInPensionPlanObligations $-599.00K USD 1 Quarter
Pension liabilities IncreaseDecreaseInPensionPlanObligations $-451.00K USD 1 Quarter
Environmental and legal liabilities EnvironmentalAndLegalLiabilitiesIncreaseDecrease $-21.00K USD 1 Quarter
Environmental and legal liabilities EnvironmentalAndLegalLiabilitiesIncreaseDecrease $56.00K USD 1 Quarter
Deferred revenues IncreaseDecreaseInContractWithCustomerLiability $-80.00K USD 1 Quarter
Deferred revenues IncreaseDecreaseInContractWithCustomerLiability $421.00K USD 1 Quarter
Net Cash Used In Operating Activities NetCashProvidedByUsedInOperatingActivities $-20.93M USD 1 Quarter
Net Cash Used In Operating Activities NetCashProvidedByUsedInOperatingActivities $-11.70M USD 1 Quarter
Expenditures for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $37.63M USD 1 Quarter
Expenditures for property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $60.29M USD 1 Quarter
Asset acquisition (Note 17) PaymentsToAcquireAssets $3.50M USD 1 Quarter
Business acquisition, net of cash acquired (Note 17) PaymentsToAcquireBusinessesGross $184.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-3.16M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-1.38M USD 1 Quarter
Net Cash Used In Investing Activities NetCashProvidedByUsedInInvestingActivities $-57.13M USD 1 Quarter
Net Cash Used In Investing Activities NetCashProvidedByUsedInInvestingActivities $-223.76M USD 1 Quarter
Revolving debt and bank overdrafts, net (Note 6) ProceedsFromLinesOfCredit $98.64M USD 1 Quarter
Revolving debt and bank overdrafts, net (Note 6) ProceedsFromLinesOfCredit $49.67M USD 1 Quarter
Other debt borrowings (Note 6) ProceedsFromOtherDebt $75.00M USD 1 Quarter
Dividends paid PaymentsOfDividends $6.86M USD 1 Quarter
Dividends paid PaymentsOfDividends $7.51M USD 1 Quarter
Company stock repurchased PaymentsForRepurchaseOfCommonStock $9.94M USD 1 Quarter
Company stock repurchased PaymentsForRepurchaseOfCommonStock $989.00K USD 1 Quarter
Stock option exercises ProceedsFromStockOptionsExercised $381.00K USD 1 Quarter
Stock option exercises ProceedsFromStockOptionsExercised $114.00K USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-1.47M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-2.27M USD 1 Quarter
Net Cash Provided By Financing Activities NetCashProvidedByUsedInFinancingActivities $39.93M USD 1 Quarter
Net Cash Provided By Financing Activities NetCashProvidedByUsedInFinancingActivities $154.83M USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $84.00K USD 1 Quarter
Effect of Exchange Rate Changes on Cash EffectOfExchangeRateOnCashAndCashEquivalents $-3.72M USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-199.25M USD 1 Quarter
Net Increase (Decrease) in Cash and Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $76.86M USD 1 Quarter
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $349.94M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $150.69M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $159.19M USD Point-in-time
Cash and Cash Equivalents at Beginning of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $236.04M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $349.94M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $150.69M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $159.19M USD Point-in-time
Cash and Cash Equivalents at End of Period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations $236.04M USD Point-in-time
Cash payments of income taxes, net of refunds/payments IncomeTaxesPaidNet $8.31M USD 1 Quarter
Cash payments of income taxes, net of refunds/payments IncomeTaxesPaidNet $6.64M USD 1 Quarter
Cash payments of interest InterestPaidNet $2.50M USD 1 Quarter
Cash payments of interest InterestPaidNet $2.24M USD 1 Quarter
Comprehensive Income 15 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $40.61M USD 1 Quarter
Net income ProfitLoss $44.81M USD 1 Quarter
Foreign currency translation adjustments (Note 11) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $9.83M USD 1 Quarter
Foreign currency translation adjustments (Note 11) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-18.44M USD 1 Quarter
Defined benefit pension adjustments, net of tax (Note 11) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-436.00K USD 1 Quarter
Defined benefit pension adjustments, net of tax (Note 11) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-874.00K USD 1 Quarter
Derivative instrument activity, net of tax (Note 11) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-2.79M USD 1 Quarter
Derivative instrument activity, net of tax (Note 11) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $2.00K USD 1 Quarter
Total Other Comprehensive Income OtherComprehensiveIncomeLossNetOfTax $13.05M USD 1 Quarter
Total Other Comprehensive Income OtherComprehensiveIncomeLossNetOfTax $-17.57M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $23.04M USD 1 Quarter
Comprehensive Income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $57.86M USD 1 Quarter
Comprehensive Income Attributable to Noncontrolling Interest (Note 2) ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-8.00K USD 1 Quarter
Comprehensive Income Attributable to Stepan Company ComprehensiveIncomeNetOfTax $57.86M USD 1 Quarter
Comprehensive Income Attributable to Stepan Company ComprehensiveIncomeNetOfTax $23.05M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...