BDC FY 2018 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported February 20, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.1B	—	3.8%
Op. Income	$314M	—	$234M	—	34.4%
Gross Margin	38.3%	—	38.4%	—	-0.1pp
Net Margin	7.4%	—	4.5%	—	3.0pp
EPS (Diluted)	$3.93	—	$2.19	—	79.5%
Free Cash Flow	$191M	—	$191M	—	0.2%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$830M
R&D Expenses	$92M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$411M
Other Expenses	$75M
Operating Expenses	$578M
Cost & Expenses	$1.9B
OPERATING INCOME	$314M
Interest Income	$0
Interest Expense	$61M
Other Income/Expenses	-$84M
INCOME BEFORE TAX	$230M
Income Tax Expense	$63M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	-$6M
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$149M
EBIT	$291M
EBITDA	$440M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$830M
R&D Expenses	$92M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$411M
Other Expenses	$75M
Operating Expenses	$578M
Cost & Expenses	$1.9B
OPERATING INCOME	$314M
Interest Income	$0
Interest Expense	$61M
Other Income/Expenses	-$84M
INCOME BEFORE TAX	$230M
Income Tax Expense	$63M
Net Income from Continuing Ops	$167M
Net Income from Discontinued Ops	$0
Other Adjustments	-$6M
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$149M
EBIT	$291M
EBITDA	$440M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$161M
Depreciation & Amortization	$149M
Stock-Based Compensation	$18M
Deferred Income Tax	$11M
Other Non-Cash Items	$23M
Change in Working Capital	-$73M
OPERATING CASH FLOW	$289M
Capital Expenditure	-$98M
Acquisitions (Net)	-$44M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$141M
Net Debt Issuance	-$53M
Common Stock Repurchased	-$175M
Common Dividends Paid	-$43M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$282M
FREE CASH FLOW	$191M
Net Change in Cash	-$140M

Balance Sheet

Item	Amount
Cash & Equivalents	$421M
Short-Term Investments	$0
Net Receivables	$336M
Inventory	$316M
Other Current Assets	$250M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$366M
Goodwill	$1.6B
Intangible Assets	$511M
Long-Term Investments	$0
Tax Assets	$56M
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.8B
Account Payables	$297M
Short-Term Debt	$0
Deferred Revenue	$101M
Other Current Liabilities	$292M
TOTAL CURRENT LIABILITIES	$717M
Long-Term Debt	$1.5B
Deferred Revenue NC	$133M
Deferred Tax Liabilities	$40M
Other Non-Current Liabilities	$212M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.4B
Common Stock	$503.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$922M
Treasury Stock	-$600M
Accum. Other Comp. Income	-$75M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$441.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.5B
Net Debt	$1.0B