https://www.avient.com/sites/default/files/2022-04/Avient Q1 2022 Earnings Release.pdf
2) Tax adjustments include the net tax benefit/(expense) from one-time income tax items, the set-up or reversal of uncertain tax position reserves
and deferred income tax valuation allowance adjustments.
8
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
March 31, 2022
December 31,
2021
ASSETS
Current assets:
Cash and cash equivalents $ 562.6 $ 601.2
Accounts receivable, net 757.9 642.3
Inventories, net 475.4 461.1
Other current assets 131.0 122.4
Total current assets 1,926.9 1,827.0
Property, net 661.9 676.1
Goodwill 1,283.4 1,286.4
Intangible assets, net 904.1 925.2
Operating lease assets, net 67.1 74.1
Other non-current assets 200.3 208.4
Total assets $ 5,043.7 $ 4,997.2
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 607.5 $ 8.6
Accounts payable 642.3 553.9
Current operating lease obligations 21.7 24.2
Accrued expenses and other current liabilities 284.8 353.9
Total current liabilities 1,556.3 940.6
Non-current liabilities:
Long-term debt 1,250.2 1,850.3
Pension and other post-retirement benefits 98.5 100.0
Deferred income taxes 99.4 100.6
Non-current operating lease obligations 45.9 50.1
Other non-current liabilities 164.1 165.1
Total non-current liabilities 1,658.1 2,266.1
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 1,813.2 1,774.7
Noncontrolling interest 16.1 15.8
Total equity 1,829.3 1,790.5
Total liabilities and equity $ 5,043.7 $ 4,997.2
9
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Three Months Ended
March 31,
2022 2021
Operating Activities
Net income $ 84.5 $ 79.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 35.7 36.6
Accelerated depreciation and amortization 2.1 0.5
Share-based compensation expense 3.2 2.7
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (118.8) (137.6)
Increase in inventories (15.1) (35.1)
Increase in accounts payable 90.5 67.3
Decrease in pension and other post-retirement benefits (4.0) (7.1)
Decrease in accrued expenses and other assets and liabilities, net (59.2) (3.4)
Net cash provided by operating activities 18.9 3.6
Investing activities
Capital expenditures (13.3) (16.5)
Other investing activities — (2.0)
Net cash used by investing activities (13.3) (18.5)
Financing activities
Purchase of common shares for treasury (15.8) (4.2)
Cash dividends paid (21.7) (19.5)
Repayment of long-term debt (2.4) (2.3)
Payments of withholding tax on share awards (3.9) (3.1)
Net cash used by financing activities (43.8) (29.1)
Effect of exchange rate changes on cash (0.4) (11.0)
Decrease in cash and cash equivalents (38.6) (55.0)
Cash and cash equivalents at beginning of year 601.2 649.5
Cash and cash equivalents at end of period $ 562.6 $ 594.5
10
Attachment 6
Avient Corporation
Business Segment Operations (Unaudited)
(In millions)
Operating income and earnings before interest, taxes, depreciation and amortization (EBITDA) at the segment level does not
include: special items as defined in Attachment 3; corporate general and administration costs that are not allocated to segments;
intersegment sales and profit eliminations; share-based compensation costs; and certain other items that are not included in the
measure of segment profit and loss that is reported to and reviewed by the chief operating decision maker.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Czech Republic.pdf
Seller may change the price and/or
terms of delivery and shipment at any time up until delivery, except
where a written alternative pricing mechanism exists that is signed
by Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for India %28English%29.pdf
Seller may change the price and/or
terms of delivery and shipment at any time up until delivery, except
where a written alternative pricing mechanism exists that is signed
by Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Singapore %28English%29.pdf
Seller may change the price and/or terms of
delivery and shipment at any time up until delivery, except
where a written alternative pricing mechanism exists that is
signed by Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Thailand %28English%29.pdf
Seller may change the price and/or
terms of delivery and shipment at any time up until delivery, except
where a written alternative pricing mechanism exists that is signed
by Seller.
https://www.avient.com/sites/default/files/2024-12/Terms and Conditions of Sale for Hong Kong %28English%29.pdf
Seller may change the price and/or
terms of delivery and shipment at any time up until delivery, except
where a written alternative pricing mechanism exists that is signed
by Seller.
https://www.avient.com/investor-center/news/avient-announces-second-quarter-2023-results
Compared to our prior adjusted EPS expectations, raw material deflation as well as improving mix from composites and sustainable solutions positively impacted the quarter and more than offset weaker demand conditions."
https://www.avient.com/sites/default/files/2024-09/Terms and Conditions of Sale for Poland.pdf
Seller may change the price
and/or terms of delivery and shipment at any time up until
delivery, except where a written alternative pricing
mechanism exists in this the relevant contract to which
these Terms apply.
These Terms are drawn up in Polish
and English.
https://www.avient.com/sites/default/files/2022-05/DOC 1879.pdf
Does the company maintain an up to date
approved supplier list?
https://www.avient.com/sites/default/files/resources/Terms%2520and%2520Conditions%2520of%2520Sale%2520for%2520Mexico%2520%2528English%2520and%2520Spanish%2520Language%2520Version%2529.pdf
When a force
majeure ends, performance shall resume, but such
delay shall not, except by mutual agreement, operate to
extend the term of this contract or obligate the Seller to
make up deliveries or Buyer to purchase quantities so
missed.