BCC FY 2016 Earnings Report — Boise Cascade Company Revenue & Financial Results | Market Cap Arena

Boise Cascade CompanyBCC

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.6B	—	7.6%
Op. Income	$80M	—	$103M	—	-22.9%
Gross Margin	13.1%	—	13.2%	—	-0.1pp
Net Margin	1.0%	—	1.4%	—	-0.5pp
EPS (Diluted)	$0.98	—	$1.33	—	-26.3%
Free Cash Flow	$68M	—	-$7M	—	1049.6%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.4B
GROSS PROFIT	$513M
R&D Expenses	$0
Selling & Marketing	$301M
General & Administrative	$61M
SG&A Expenses	$361M
Other Expenses	$72M
Operating Expenses	$433M
Cost & Expenses	$3.8B
OPERATING INCOME	$80M
Interest Income	$390.0K
Interest Expense	$27M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$43M
Income Tax Expense	$5M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$73M
EBIT	$70M
EBITDA	$143M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.4B
GROSS PROFIT	$513M
R&D Expenses	$0
Selling & Marketing	$301M
General & Administrative	$61M
SG&A Expenses	$361M
Other Expenses	$72M
Operating Expenses	$433M
Cost & Expenses	$3.8B
OPERATING INCOME	$80M
Interest Income	$390.0K
Interest Expense	$27M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$43M
Income Tax Expense	$5M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$73M
EBIT	$70M
EBITDA	$143M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$75M
Stock-Based Compensation	$8M
Deferred Income Tax	-$8M
Other Non-Cash Items	$20M
Change in Working Capital	$19M
OPERATING CASH FLOW	$152M
Capital Expenditure	-$84M
Acquisitions (Net)	-$216M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$644.0K
NET CASH FROM INVESTING	-$299M
Net Debt Issuance	$84M
Common Stock Repurchased	-$10M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	$66M
FREE CASH FLOW	$68M
Net Change in Cash	-$81M

Balance Sheet

Item	Amount
Cash & Equivalents	$104M
Short-Term Investments	$0
Net Receivables	$211M
Inventory	$433M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$760M
PP&E (Net)	$569M
Goodwill	$55M
Intangible Assets	$16M
Long-Term Investments	$15M
Tax Assets	$9M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$679M
TOTAL ASSETS	$1.4B
Account Payables	$196M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$313M
Long-Term Debt	$438M
Deferred Revenue NC	$83M
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$546M
TOTAL LIABILITIES	$859M
Common Stock	$435.0K
Additional Paid-In Capital	$515M
Retained Earnings	$281M
Treasury Stock	-$134M
Accum. Other Comp. Income	-$83M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$580M
Minority Interest	$0
TOTAL EQUITY	$580M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$438M
Net Debt	$334M