CE FY 2008 Earnings Report — Celanese Corporation Revenue & Financial Results | Market Cap Arena

Celanese CorporationCE

FY 2008 Earnings

Reported February 13, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$6.8B	—	$6.4B	—	5.9%
Op. Income	$440M	—	$748M	—	-41.2%
Gross Margin	18.4%	—	22.4%	—	-4.0pp
Net Margin	4.1%	—	6.6%	—	-2.5pp
EPS (Diluted)	$1.73	—	$2.49	—	-30.5%
Free Cash Flow	$312M	—	$278M	—	12.2%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.3B
R&D Expenses	$80M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$540M
Other Expenses	$736M
Operating Expenses	$816M
Cost & Expenses	$6.4B
OPERATING INCOME	$440M
Interest Income	$31M
Interest Expense	$261M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$434M
Income Tax Expense	$63M
Net Income from Continuing Ops	$371M
Net Income from Discontinued Ops	$0
Other Adjustments	-$90M
NET INCOME	$282M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$360M
EBIT	$695M
EBITDA	$1.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.3B
R&D Expenses	$80M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$540M
Other Expenses	$736M
Operating Expenses	$816M
Cost & Expenses	$6.4B
OPERATING INCOME	$440M
Interest Income	$31M
Interest Expense	$261M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$434M
Income Tax Expense	$63M
Net Income from Continuing Ops	$371M
Net Income from Discontinued Ops	$0
Other Adjustments	-$90M
NET INCOME	$282M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$360M
EBIT	$695M
EBITDA	$1.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$282M
Depreciation & Amortization	$360M
Stock-Based Compensation	$0
Deferred Income Tax	-$69M
Other Non-Cash Items	$3M
Change in Working Capital	-$137M
OPERATING CASH FLOW	$586M
Capital Expenditure	-$274M
Acquisitions (Net)	$9M
Purchases of Investments	-$91M
Sales/Maturities of Investments	$202M
Other Investing Activities	-$47M
NET CASH FROM INVESTING	-$201M
Net Debt Issuance	-$98M
Common Stock Repurchased	-$378M
Common Dividends Paid	-$24M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$499M
FREE CASH FLOW	$312M
Net Change in Cash	-$149M

Balance Sheet

Item	Amount
Cash & Equivalents	$676M
Short-Term Investments	$6M
Net Receivables	$959M
Inventory	$577M
Other Current Assets	$394M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$2.5B
Goodwill	$779M
Intangible Assets	$364M
Long-Term Investments	$883M
Tax Assets	$27M
Other Non-Current Assets	$357M
TOTAL NON-CURRENT ASSETS	$4.9B
TOTAL ASSETS	$7.2B
Account Payables	$523M
Short-Term Debt	$233M
Deferred Revenue	$15M
Other Current Liabilities	$395M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$122M
Other Non-Current Liabilities	$2.2B
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$7.0B
Common Stock	$0
Additional Paid-In Capital	$495M
Retained Earnings	$1.0B
Treasury Stock	-$781M
Accum. Other Comp. Income	-$579M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$182M
Minority Interest	$2M
TOTAL EQUITY	$184M
TOTAL LIABILITIES & EQUITY	$7.2B
Total Debt	$3.5B
Net Debt	$2.9B