BWNB FY 2013 Earnings Report — Babcock & Wilcox Enterprises, I Revenue & Financial Results | Market Cap Arena

Babcock & Wilcox Enterprises, IBWNB

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.8B	—	$2.0B	—	-13.3%
Op. Income	$210M	—	$206M	—	2.1%
Gross Margin	24.7%	—	22.8%	—	1.9pp
Net Margin	9.9%	—	6.9%	—	3.0pp
EPS (Diluted)	$16.24	—	$11.79	—	37.7%
Free Cash Flow	-$24M	—	$33M	—	-172.2%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$436M
R&D Expenses	$21M
Selling & Marketing	$0
General & Administrative	$204M
SG&A Expenses	$204M
Other Expenses	$1M
Operating Expenses	$225M
Cost & Expenses	$1.6B
OPERATING INCOME	$210M
Interest Income	$1M
Interest Expense	$462.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$212M
Income Tax Expense	$72M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$34M
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$34M
BOTTOM LINE NET INCOME	$140M
D&A	$23M
EBIT	$213M
EBITDA	$234M
EPS	$16
EPS Diluted	$16

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$436M
R&D Expenses	$21M
Selling & Marketing	$0
General & Administrative	$204M
SG&A Expenses	$204M
Other Expenses	$1M
Operating Expenses	$225M
Cost & Expenses	$1.6B
OPERATING INCOME	$210M
Interest Income	$1M
Interest Expense	$462.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$212M
Income Tax Expense	$72M
Net Income from Continuing Ops	$140M
Net Income from Discontinued Ops	$34M
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$34M
BOTTOM LINE NET INCOME	$140M
D&A	$23M
EBIT	$213M
EBITDA	$234M
EPS	$16
EPS Diluted	$16

Cash Flow Statement

Item	Amount
Net Income	$175M
Depreciation & Amortization	$23M
Stock-Based Compensation	-$172.0K
Deferred Income Tax	$56M
Other Non-Cash Items	-$116M
Change in Working Capital	-$151M
OPERATING CASH FLOW	-$12M
Capital Expenditure	-$12M
Acquisitions (Net)	-$7M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$4M
Other Investing Activities	$7M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$212.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$48M
NET CASH FROM FINANCING	$48M
FREE CASH FLOW	-$24M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$9M
Net Receivables	$366M
Inventory	$102M
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$750M
PP&E (Net)	$163M
Goodwill	$115M
Intangible Assets	$20M
Long-Term Investments	$145M
Tax Assets	$89M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$547M
TOTAL ASSETS	$1.3B
Account Payables	$167M
Short-Term Debt	$5M
Deferred Revenue	$211M
Other Current Liabilities	$256M
TOTAL CURRENT LIABILITIES	$518M
Long-Term Debt	$225.0K
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$246M
TOTAL NON-CURRENT LIABILITIES	$246M
TOTAL LIABILITIES	$765M
Common Stock	$496M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$277M
Other Equity	-$496M
TOTAL STOCKHOLDERS' EQUITY	$531M
Minority Interest	$924.0K
TOTAL EQUITY	$532M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$5M
Net Debt	-$194M