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Schedule I - Condensed Financial Information of Parent | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Condensed Financial Information | SCHEDULE I ECOVYST INC. AND SUBSIDIARIES (PARENT) CONDENSED FINANCIAL INFORMATION CONDENSED STATEMENTS OF INCOME (in thousands)
| Years ended December 31,
| 2021 |  | 2020 |  | 2019
Stock compensation expense | $ | 39,523 |  |  | $ | 25,200 |  |  | $ | 18,225 |
Equity in net loss (income) from subsidiaries | 100,426 |  |  | 253,571 |  |  | (97,764) |
Net (loss) income | (139,949) |  |  | (278,771) |  |  | 79,539 |
Other comprehensive income (loss), net of tax: |  |  |  |  |
Pension and postretirement benefits | 5,794 |  |  | 1,938 |  |  | 2,430 |
Net gain (loss) from hedging activities | 2,914 |  |  | 166 |  |  | (2,665) |
Foreign currency translation | 10,611 |  |  | (16,596) |  |  | 22,117 |
Total other comprehensive income (loss) | 19,319 |  |  | (14,492) |  |  | 21,882 |
Comprehensive (loss) income | $ | (120,630) |  |  | $ | (293,263) |  |  | $ | 101,421 |
SCHEDULE I ECOVYST INC. AND SUBSIDIARIES (PARENT) CONDENSED FINANCIAL INFORMATION CONDENSED BALANCE SHEETS (in thousands, except share and per share amounts)
| December 31, 2021 |  | December 31, 2020
ASSETS |  |  |
Investment in subsidiaries | $ | 740,737 |  |  | $ | 1,277,126 |
Total assets | $ | 740,737 |  |  | $ | 1,277,126 |
LIABILITIES |  |  |
Total liabilities | $ | — |  |  | $ | — |
STOCKHOLDERS' EQUITY |  |  |
Common stock (0.01 par); authorized shares 450,000,000; issued shares 137,820,971 and 137,102,143 on December 31, 2021 and 2020, respectively; outstanding shares 136,938,758 and 136,318,557 on December 31, 2021 and 2020, respectively | 1,378 |  |  | 1,371 |
Preferred stock (0.01 par); authorized shares 50,000,000; no shares issued or outstanding on December 31, 2021 and 2020, respectively | — |  |  | — |
Additional paid-in capital | 1,073,409 |  |  | 1,477,859 |
Accumulated deficit | (315,707) |  |  | (175,758) |
Treasury stock, at cost; shares 882,213 and 783,586 on December 31, 2021 and 2020, respectively | (12,551) |  |  | (11,081) |
Accumulated other comprehensive loss | (5,792) |  |  | (15,265) |
Total Ecovyst Inc. equity | 740,737 |  |  | 1,277,126 |
Total liabilities and equity | $ | 740,737 |  |  | $ | 1,277,126 |
SCHEDULE I ECOVYST INC. AND SUBSIDIARIES (PARENT) CONDENSED FINANCIAL INFORMATION CONDENSED STATEMENTS OF CASH FLOWS (in thousands)
| Years ended December 31,
| 2021 |  | 2020 |  | 2019
Cash flows from operating activities: |  |  |  |  |
Net (loss) income | $ | (139,949) |  |  | $ | (278,771) |  |  | $ | 79,539 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |
Equity in net income from subsidiaries | 100,426 |  |  | 253,571 |  |  | (97,764) |
Stock compensation expense | 39,523 |  |  | 25,200 |  |  | 18,225 |
Net cash provided by operating activities | — |  |  | — |  |  | — |
Cash flows from investing activities: |  |  |  |  |
Distribution from subsidiaries | 435,593 |  |  | 243,749 |  |  | — |
Net cash provided by investing activities | 435,593 |  |  | 243,749 |  |  | — |
Cash flows from financing activities: |  |  |  |  |
Dividends paid to stockholders | (435,593) |  |  | (243,749) |  |  | — |
Net cash used in financing activities | (435,593) |  |  | (243,749) |  |  | — |
Effect of exchange rate changes on cash, cash equivalents and restricted cash | — |  |  | — |  |  | — |
Net change in cash, cash equivalents and restricted cash | — |  |  | — |  |  | — |
Cash, cash equivalents and restricted cash at beginning of period | — |  |  | — |  |  | — |
Cash, cash equivalents and restricted cash at end of period of continuing operations | $ | — |  |  | $ | — |  |  | $ | — |
SCHEDULE I ECOVYST INC. AND SUBSIDIARIES (PARENT) CONDENSED FINANCIAL INFORMATION NOTES TO CONDENSED SCHEDULE I 1. Description of Ecovyst Inc. and Subsidiaries Ecovyst Inc. (“Ecovyst” or the “Parent Company”) is a holding company that conducts substantially all of its business operations through its wholly owned subsidiary, Ecovyst Catalyst Technologies LLC. As specified in certain of Ecovyst Catalyst Technologies LLC’s debt agreements, there are restrictions on the ability of Ecovyst Catalyst Technologies LLC to make payments to its stockholder, Ecovyst, on behalf of its equity interests (refer to Note 18 to the Ecovyst consolidated financial statements for further information regarding Ecovyst debt). 2. Basis of Presentation The accompanying condensed Parent Company financial statements are required in accordance with Rule 4-08(e)(3) of Regulation S-X. These condensed financial statements have been presented on a “parent-only” basis. Under a parent-only presentation, the Parent Company’s investment in its consolidated subsidiary is presented under the equity method of accounting. Under the equity method, the investment in subsidiary is stated at cost plus contributions and equity in undistributed income (loss) of the subsidiary, less distributions received since the date of acquisition. These parent-only financial statements should be read in conjunction with Ecovyst’s audited consolidated financial statements. 3. Stock-Based Compensation Refer to Note 23 of the notes to the Ecovyst consolidated financial statements for a description of stock-based compensation. 4. Dividends Paid On December 14, 2020, Ecovyst’s Board of Directors declared a special cash dividend of $1.80 per share, using proceeds and cash on hand from the sale of the Performance Materials business. The dividend was paid on December 29, 2020 to the Company’s stockholders of record at the close of business on December 21, 2020.

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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