https://www.avient.com/sites/default/files/resources/Polyone%2520AR.pdf
These personal values begin with each of us—
the judgments and decisions we make as individuals aff ect the way PolyOne is
viewed in the marketplace and in the communities where we work.
This begins with the Lean Six Sigma
(LSS) culture that we continue to invest in and
utilize each day throughout our company.
ASU 2016-02 is effective for public companies for
fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018.
https://www.avient.com/investor-center/news/polyone-announces-record-first-quarter-2016-results
Cash and cash equivalents at beginning of period
https://www.avient.com/products/long-fiber-technology/benefits-long-fiber-reinforced-thermoplastic-composites
Long fiber reinforced thermoplastics are able to accept nearly double the stress forces of short fiber compounds before load induced deformation begins to occur.
https://www.avient.com/news/polyone-announces-first-quarter-2015-results
Cash and cash equivalents at beginning of period
https://www.avient.com/sitemap
PolyOne to Begin Specialty Engineered Material Production in India
PolyOne to Begin Thermoplastic Elastomer Production in India
PolyOne to Begin Thermoplastic Elastomer Production in India
https://www.avient.com/sites/default/files/2024-03/2024 Proxy Statement_March.pdf
The Annual Meeting webcast will begin
promptly at 9:00 a.m.
Online access will begin at 8:45 a.m.
Our proxy materials for the Annual Meeting will be released to shareholders beginning March 27, 2024.
https://www.avient.com/sites/default/files/2021-09/avient2020sustainabilityreport-9-2-21.pdf
As the CEO, change of this importance must begin with me—my direction, decisions
and actions,” he explained.
Beginning a career in any field is exciting, but it can also be daunting and
overwhelming.
Our alumni
base continues to grow, as they immediately begin to utilize their
leadership skills to help our great company thrive.
https://www.avient.com/sites/default/files/resources/PolyOne%25202012%2520Annual%2520Report.pdf
These core values, which begin with our
individual decisions and actions, focus our attention on putting the customer first
by creating genuine value through collaboration, innovation and an unwavering
commitment to excellence.
ANNUAL REPORT 2012
3
Since the beginning of PolyOne’s
transformation in 2006, we have made
significant progress each year toward
becoming a leading specialty company
that delivers unique solutions to our
customers around the world.
As a result, beginning in 2011, we have four reportable segments: (1) Global Specialty Engineered
Materials; (2) Global Color, Additives and Inks; (3) Performance Products and Solutions; and
(4) PolyOne Distribution.
https://www.avient.com/sites/default/files/resources/PolyOne%25202016%2520Annual%2520Report%2520Web.pdf
It begins with inspirational leadership from our team.
This update is effective for annual and interim periods
beginning after December 15, 2016, and should be applied prospectively with early adoption permitted at the
beginning of an interim or annual reporting period.
ASU 2016-09 is effective for annual and interim periods beginning after December 15,
2016, and should be applied prospectively, with certain cumulative effect adjustments.
https://www.avient.com/sites/default/files/2023-11/AVNT Q3 2023 Earnings Press Release.pdf
2) Tax adjustments include the net tax impact from non-recurring income tax items, adjustments to uncertain tax position reserves and the
establishment, reversal or changes to valuation allowances.
10
Attachment 4
Avient Corporation
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
September 30, 2023
December 31,
2022
ASSETS
Current assets:
Cash and cash equivalents $ 439.6 $ 641.1
Accounts receivable, net 436.9 440.6
Inventories, net 349.6 372.7
Other current assets 138.2 115.3
Total current assets 1,364.3 1,569.7
Property, net 978.2 1,049.2
Goodwill 1,681.3 1,671.9
Intangible assets, net 1,563.0 1,597.6
Other non-current assets 202.9 196.6
Total assets $ 5,789.7 $ 6,085.0
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short-term and current portion of long-term debt $ 9.5 $ 2.2
Accounts payable 389.5 454.4
Accrued expenses and other current liabilities 328.1 412.8
Total current liabilities 727.1 869.4
Non-current liabilities:
Long-term debt 2,070.8 2,176.7
Pension and other post-retirement benefits 65.1 67.2
Deferred income taxes 293.2 342.5
Other non-current liabilities 337.6 276.4
Total non-current liabilities 2,766.7 2,862.8
SHAREHOLDERS' EQUITY
Avient shareholders’ equity 2,276.9 2,334.5
Noncontrolling interest 19.0 18.3
Total equity 2,295.9 2,352.8
Total liabilities and equity $ 5,789.7 $ 6,085.0
11
Attachment 5
Avient Corporation
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In millions)
Nine Months Ended
September 30,
2023 2022
Operating Activities
Net income $ 47.8 $ 158.5
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization 142.6 110.3
Accelerated depreciation 1.9 4.0
Share-based compensation expense 9.7 9.5
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable (5.7) (66.5)
Decrease (increase) in inventories 16.5 (12.5)
(Decrease) increase in accounts payable (59.1) 43.5
Taxes paid on gain on sale of business (104.1) —
Accrued expenses and other assets and liabilities, net (2.5) (22.9)
Net cash provided by operating activities 47.1 223.9
Investing activities
Capital expenditures (75.0) (55.1)
Business acquisitions, net of cash acquired — (1,426.1)
Settlement of foreign exchange derivatives — 93.3
Net proceeds from divestiture 7.3 —
Other investing activities 2.3 —
Net cash used by investing activities (65.4) (1,387.9)
Financing activities
Debt proceeds — 1,300.0
Purchase of common shares for treasury — (36.4)
Cash dividends paid (67.6) (65.2)
Repayment of long-term debt (103.8) (6.8)
Debt financing costs (2.3) (49.3)
Other financing (2.3) (4.2)
Net cash (used) provided by financing activities (176.0) 1,138.1
Effect of exchange rate changes on cash (7.2) (30.9)
Decrease in cash and cash equivalents (201.5) (56.8)
Cash and cash equivalents at beginning of year 641.1 601.2
Cash and cash equivalents at end of period $ 439.6 $ 544.4
12
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.