BDC FY 2017 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported February 13, 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	$2.1B	—	$2.4B	—	-11.4%
Op. Income	$234M	—	$232M	—	0.7%
Gross Margin	38.4%	—	41.6%	—	-3.2pp
Net Margin	4.5%	—	5.4%	—	-1.0pp
EPS (Diluted)	$2.19	—	$3.01	—	-27.2%
Free Cash Flow	$191M	—	$261M	—	-26.8%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$802M
R&D Expenses	$89M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$90M
Operating Expenses	$569M
Cost & Expenses	$1.9B
OPERATING INCOME	$234M
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$136M
INCOME BEFORE TAX	$98M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	-$10M
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$150M
EBIT	$181M
EBITDA	$330M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$802M
R&D Expenses	$89M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$90M
Operating Expenses	$569M
Cost & Expenses	$1.9B
OPERATING INCOME	$234M
Interest Income	$0
Interest Expense	$83M
Other Income/Expenses	-$136M
INCOME BEFORE TAX	$98M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$103M
Net Income from Discontinued Ops	$0
Other Adjustments	-$10M
NET INCOME	$93M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$150M
EBIT	$181M
EBITDA	$330M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$93M
Depreciation & Amortization	$150M
Stock-Based Compensation	$15M
Deferred Income Tax	-$24M
Other Non-Cash Items	$52M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$255M
Capital Expenditure	-$64M
Acquisitions (Net)	-$167M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$230M
Net Debt Issuance	-$239M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$43M
Other Financing Activities	-$24M
NET CASH FROM FINANCING	-$331M
FREE CASH FLOW	$191M
Net Change in Cash	-$287M

Balance Sheet

Item	Amount
Cash & Equivalents	$561M
Short-Term Investments	$0
Net Receivables	$474M
Inventory	$297M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$337M
Goodwill	$1.5B
Intangible Assets	$545M
Long-Term Investments	$0
Tax Assets	$43M
Other Non-Current Assets	$65M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.8B
Account Payables	$376M
Short-Term Debt	$0
Deferred Revenue	$91M
Other Current Liabilities	$129M
TOTAL CURRENT LIABILITIES	$672M
Long-Term Debt	$1.6B
Deferred Revenue NC	$102M
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$138M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.4B
Common Stock	$503.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$834M
Treasury Stock	-$426M
Accum. Other Comp. Income	-$98M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$631.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.6B
Net Debt	$1000M