BCC FY 2015 Earnings Report — Boise Cascade Company Revenue & Financial Results | Market Cap Arena

Boise Cascade CompanyBCC

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.6B	—	$3.6B	—	1.7%
Op. Income	$103M	—	$146M	—	-29.1%
Gross Margin	13.2%	—	14.2%	—	-1.0pp
Net Margin	1.4%	—	2.2%	—	-0.8pp
EPS (Diluted)	$1.33	—	$2.03	—	-34.5%
Free Cash Flow	-$7M	—	$41M	—	-117.7%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$480M
R&D Expenses	$0
Selling & Marketing	$273M
General & Administrative	$49M
SG&A Expenses	$323M
Other Expenses	$54M
Operating Expenses	$377M
Cost & Expenses	$3.5B
OPERATING INCOME	$103M
Interest Income	$323.0K
Interest Expense	$23M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$81M
Income Tax Expense	$29M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$57M
EBIT	$103M
EBITDA	$159M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$480M
R&D Expenses	$0
Selling & Marketing	$273M
General & Administrative	$49M
SG&A Expenses	$323M
Other Expenses	$54M
Operating Expenses	$377M
Cost & Expenses	$3.5B
OPERATING INCOME	$103M
Interest Income	$323.0K
Interest Expense	$23M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$81M
Income Tax Expense	$29M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$57M
EBIT	$103M
EBITDA	$159M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$57M
Stock-Based Compensation	$6M
Deferred Income Tax	$31M
Other Non-Cash Items	-$60M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$80M
Capital Expenditure	-$88M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	$50M
Common Stock Repurchased	-$24M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$25M
FREE CASH FLOW	-$7M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$184M
Short-Term Investments	$0
Net Receivables	$199M
Inventory	$385M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$786M
PP&E (Net)	$403M
Goodwill	$22M
Intangible Assets	$10M
Long-Term Investments	$16M
Tax Assets	$908.0K
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$463M
TOTAL ASSETS	$1.2B
Account Payables	$160M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$259M
Long-Term Debt	$345M
Deferred Revenue NC	-$65M
Deferred Tax Liabilities	$65M
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$455M
TOTAL LIABILITIES	$714M
Common Stock	$434.0K
Additional Paid-In Capital	$508M
Retained Earnings	$243M
Treasury Stock	-$124M
Accum. Other Comp. Income	-$93M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$535M
Minority Interest	$0
TOTAL EQUITY	$535M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$345M
Net Debt	$160M