BCC FY 2017 Earnings Report — Boise Cascade Company Revenue & Financial Results | Market Cap Arena

Boise Cascade CompanyBCC

FY 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$4.4B	—	$3.9B	—	13.3%
Op. Income	$141M	—	$80M	—	77.4%
Gross Margin	13.8%	—	13.1%	—	0.7pp
Net Margin	1.9%	—	1.0%	—	0.9pp
EPS (Diluted)	$2.12	—	$0.98	—	116.3%
Free Cash Flow	$76M	—	$68M	—	11.4%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$3.8B
GROSS PROFIT	$612M
R&D Expenses	$0
Selling & Marketing	$327M
General & Administrative	$63M
SG&A Expenses	$390M
Other Expenses	$81M
Operating Expenses	$471M
Cost & Expenses	$4.3B
OPERATING INCOME	$141M
Interest Income	$547.0K
Interest Expense	$25M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$118M
Income Tax Expense	$35M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$80M
EBIT	$143M
EBITDA	$223M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$3.8B
GROSS PROFIT	$612M
R&D Expenses	$0
Selling & Marketing	$327M
General & Administrative	$63M
SG&A Expenses	$390M
Other Expenses	$81M
Operating Expenses	$471M
Cost & Expenses	$4.3B
OPERATING INCOME	$141M
Interest Income	$547.0K
Interest Expense	$25M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$118M
Income Tax Expense	$35M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$80M
EBIT	$143M
EBITDA	$223M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$82M
Stock-Based Compensation	$10M
Deferred Income Tax	$8M
Other Non-Cash Items	$497.0K
Change in Working Capital	-$32M
OPERATING CASH FLOW	$152M
Capital Expenditure	-$75M
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	-$3M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$76M
Net Change in Cash	$73M

Balance Sheet

Item	Amount
Cash & Equivalents	$177M
Short-Term Investments	$0
Net Receivables	$256M
Inventory	$477M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$933M
PP&E (Net)	$566M
Goodwill	$55M
Intangible Assets	$15M
Long-Term Investments	$14M
Tax Assets	$9M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$675M
TOTAL ASSETS	$1.6B
Account Payables	$235M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$382M
Long-Term Debt	$438M
Deferred Revenue NC	$75M
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$96M
TOTAL NON-CURRENT LIABILITIES	$551M
TOTAL LIABILITIES	$933M
Common Stock	$437.0K
Additional Paid-In Capital	$524M
Retained Earnings	$361M
Treasury Stock	-$134M
Accum. Other Comp. Income	-$77M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$675M
Minority Interest	$0
TOTAL EQUITY	$675M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$438M
Net Debt	$261M