BCC FY 2013 Earnings Report — Boise Cascade Company Revenue & Financial Results | Market Cap Arena

Boise Cascade CompanyBCC

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$3.3B	—	$2.8B	—	17.8%
Op. Income	$99M	—	$63M	—	56.4%
Gross Margin	13.0%	—	13.5%	—	-0.5pp
Net Margin	3.6%	—	1.5%	—	2.1pp
EPS (Diluted)	$2.91	—	$1.00	—	191.0%
Free Cash Flow	-$12M	—	$53M	—	-123.4%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$427M
R&D Expenses	$0
Selling & Marketing	$245M
General & Administrative	$45M
SG&A Expenses	$291M
Other Expenses	$37M
Operating Expenses	$328M
Cost & Expenses	$3.2B
OPERATING INCOME	$99M
Interest Income	$241.0K
Interest Expense	$20M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$78M
Income Tax Expense	-$39M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$40M
EBIT	$99M
EBITDA	$137M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$427M
R&D Expenses	$0
Selling & Marketing	$245M
General & Administrative	$45M
SG&A Expenses	$291M
Other Expenses	$37M
Operating Expenses	$328M
Cost & Expenses	$3.2B
OPERATING INCOME	$99M
Interest Income	$241.0K
Interest Expense	$20M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$78M
Income Tax Expense	-$39M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$40M
EBIT	$99M
EBITDA	$137M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$40M
Stock-Based Compensation	$3M
Deferred Income Tax	-$60M
Other Non-Cash Items	-$3M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$33M
Capital Expenditure	-$46M
Acquisitions (Net)	-$103M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$147M
Net Debt Issuance	$25M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$186M
FREE CASH FLOW	-$12M
Net Change in Cash	$72M

Balance Sheet

Item	Amount
Cash & Equivalents	$118M
Short-Term Investments	$0
Net Receivables	$160M
Inventory	$383M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$688M
PP&E (Net)	$361M
Goodwill	$22M
Intangible Assets	$10M
Long-Term Investments	$15M
Tax Assets	$760.0K
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$416M
TOTAL ASSETS	$1.1B
Account Payables	$142M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$239M
Long-Term Debt	$302M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$413M
TOTAL LIABILITIES	$652M
Common Stock	$432.0K
Additional Paid-In Capital	$497M
Retained Earnings	$111M
Treasury Stock	-$100M
Accum. Other Comp. Income	-$55M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$452M
Minority Interest	$0
TOTAL EQUITY	$452M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$302M
Net Debt	$183M