BCC FY 2012 Earnings Report — Boise Cascade Company Revenue & Financial Results | Market Cap Arena

Boise Cascade CompanyBCC

FY 2012 Earnings

Reported March 7, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.2B	—	23.6%
Op. Income	$63M	—	-$27M	—	333.4%
Gross Margin	13.5%	—	11.4%	—	2.2pp
Net Margin	1.5%	—	-2.1%	—	3.6pp
EPS (Diluted)	$1.00	—	$-1.12	—	189.3%
Free Cash Flow	$53M	—	-$77M	—	168.9%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$376M
R&D Expenses	$0
Selling & Marketing	$235M
General & Administrative	$43M
SG&A Expenses	$278M
Other Expenses	$34M
Operating Expenses	$312M
Cost & Expenses	$2.7B
OPERATING INCOME	$63M
Interest Income	$392.0K
Interest Expense	$22M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$42M
Income Tax Expense	$307.0K
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$37M
EBIT	$64M
EBITDA	$101M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.4B
GROSS PROFIT	$376M
R&D Expenses	$0
Selling & Marketing	$235M
General & Administrative	$43M
SG&A Expenses	$278M
Other Expenses	$34M
Operating Expenses	$312M
Cost & Expenses	$2.7B
OPERATING INCOME	$63M
Interest Income	$392.0K
Interest Expense	$22M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$42M
Income Tax Expense	$307.0K
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$37M
EBIT	$64M
EBITDA	$101M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$37M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$8M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$80M
Capital Expenditure	-$27M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$307.0K
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$55M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$234M
NET CASH FROM FINANCING	-$179M
FREE CASH FLOW	$53M
Net Change in Cash	-$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$55M
Short-Term Investments	$0
Net Receivables	$142M
Inventory	$326M
Other Current Assets	$2.0K
TOTAL CURRENT ASSETS	$527M
PP&E (Net)	$266M
Goodwill	$12M
Intangible Assets	$9M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$309M
TOTAL ASSETS	$836M
Account Payables	$132M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$236M
Long-Term Debt	$275M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$227M
TOTAL NON-CURRENT LIABILITIES	$502M
TOTAL LIABILITIES	$739M
Common Stock	$297.0K
Additional Paid-In Capital	$257M
Retained Earnings	-$38M
Treasury Stock	$0
Accum. Other Comp. Income	-$121M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$98M
Minority Interest	$0
TOTAL EQUITY	$98M
TOTAL LIABILITIES & EQUITY	$836M
Total Debt	$275M
Net Debt	$220M