https://www.avient.com/sites/default/files/2020-03/polyone-2019-annual-report.pdf
Although just slightly higher than last year, I’m pleased
that the severity of our injuries decreased, our most common
injury historically is decreasing, and on two occasions we set
new records for most consecutive days globally without a
recordable injury.
In prior years, we’ve installed
rooft op solar panels and windmills to off set energy
demand, and we plan to continue those practices
going forward.
https://www.avient.com/sites/default/files/resources/PolyOne_English-Thai_Terms_and_Conditions.pdf
Except to the extent
attributable to the Product’s failing to meet the
express warranties set forth in paragraph 1,
Buyer will indemnify, defend and hold Seller
harmless against and from all costs, expenses,
damages, judgments or other loss, including
costs of investigation, litigation and reasonable
attorney’s fees, arising out of Buyer’s
selection, use, sale and further processing of
the Product.
https://www.avient.com/sites/default/files/2024-05/3b - Corporate Governance Guidelines.Draft Feb. 2024.v1.2.Revised.4-16-24.Final_.pdf
The Board
will set director compensation recognizing the need to preserve directors’ independence.
https://www.avient.com/sites/default/files/2020-08/avient-investor-presentation-jefferies-industrials-conference.pdf
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.
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/2024-06/OnColor UL 94 Colorants Brochure.pdf
In order to have a concentrate recognized by UL,
the following conditions must be met:
• the color concentrate producer must be
recognized by UL
• the polymer, generic or specific, must be
recognized as well
• the recognition of the material combination
(base resin + color concentrate) must be listed
in the QMSQ2 file of the concentrate producer
• the specification limits set in the QMQS2 file
must be respected if the UL 94 recognition is to
apply to the final plastic part
Avient has a wide range of color and cost options
available to provide maximum flexibility.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Gabelli%2520%2526%2520Co%2520Specialty%2520Chemicals%2520Conference.pdf
Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance
adjustments.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520RW%2520Baird%2520Global%2520Industrial%2520Conference.pdf
Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance
adjustments.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Gabelli%2520%2526%2520Company%2520Specialty%2520Chemical%2520Conference.pdf
Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance
adjustments.
https://www.avient.com/sites/default/files/resources/PolyOne%2520IR%2520Presentation%2520-%2520Goldman%2520Basic%2520Materials%2520Conference.pdf
Tax adjustments include the net tax expense/benefit from one-time income tax items, the set-up or reversal of uncertain tax position reserves and deferred income tax valuation allowance
adjustments.