ATR FY 2018 Earnings Report — AptarGroup, Inc. Revenue & Financial Results | Market Cap Arena

AptarGroup, Inc.ATR

FY 2018 Earnings

Reported February 21, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.5B	—	12.0%
Op. Income	$286M	—	$322M	—	-11.0%
Gross Margin	34.4%	—	35.0%	—	-0.6pp
Net Margin	7.0%	—	8.9%	—	-1.9pp
EPS (Diluted)	$3.00	—	$3.41	—	-12.0%
Free Cash Flow	$102M	—	$168M	—	-39.5%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.8B
GROSS PROFIT	$952M
R&D Expenses	$75M
Selling & Marketing	$0
General & Administrative	$430M
SG&A Expenses	$430M
Other Expenses	$6M
Operating Expenses	$602M
Cost & Expenses	$2.4B
OPERATING INCOME	$286M
Interest Income	$7M
Interest Expense	$33M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$266M
Income Tax Expense	$71M
Net Income from Continuing Ops	$195M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$195M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$195M
D&A	$172M
EBIT	$299M
EBITDA	$476M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.8B
GROSS PROFIT	$952M
R&D Expenses	$75M
Selling & Marketing	$0
General & Administrative	$430M
SG&A Expenses	$430M
Other Expenses	$6M
Operating Expenses	$602M
Cost & Expenses	$2.4B
OPERATING INCOME	$286M
Interest Income	$7M
Interest Expense	$33M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$266M
Income Tax Expense	$71M
Net Income from Continuing Ops	$195M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$195M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$195M
D&A	$172M
EBIT	$299M
EBITDA	$476M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$195M
Depreciation & Amortization	$172M
Stock-Based Compensation	$20M
Deferred Income Tax	-$23M
Other Non-Cash Items	$13M
Change in Working Capital	-$62M
OPERATING CASH FLOW	$314M
Capital Expenditure	-$212M
Acquisitions (Net)	-$528M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$735M
Net Debt Issuance	$41M
Common Stock Repurchased	-$62M
Common Dividends Paid	-$82M
Other Financing Activities	$88M
NET CASH FROM FINANCING	-$15M
FREE CASH FLOW	$102M
Net Change in Cash	-$446M

Balance Sheet

Item	Amount
Cash & Equivalents	$262M
Short-Term Investments	$0
Net Receivables	$570M
Inventory	$381M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$992M
Goodwill	$712M
Intangible Assets	$255M
Long-Term Investments	$25M
Tax Assets	$0
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$3.4B
Account Payables	$165M
Short-Term Debt	$164M
Deferred Revenue	$68M
Other Current Liabilities	$168M
TOTAL CURRENT LIABILITIES	$689M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$86M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.0B
Common Stock	$673.0K
Additional Paid-In Capital	$679M
Retained Earnings	$1.4B
Treasury Stock	-$318M
Accum. Other Comp. Income	-$311M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$315.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$1.3B
Net Debt	$1.0B