CE FY 2009 Earnings Report — Celanese Corporation Revenue & Financial Results | Market Cap Arena

Celanese CorporationCE

FY 2009 Earnings

Reported February 12, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$5.1B	—	$6.8B	—	-25.5%
Op. Income	$290M	—	$440M	—	-34.1%
Gross Margin	19.7%	—	18.4%	—	1.3pp
Net Margin	9.6%	—	4.1%	—	5.5pp
EPS (Diluted)	$3.11	—	$1.73	—	79.8%
Free Cash Flow	$245M	—	$312M	—	-21.5%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$1.0B
R&D Expenses	$75M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$469M
Other Expenses	$638M
Operating Expenses	$621M
Cost & Expenses	$4.7B
OPERATING INCOME	$290M
Interest Income	$8M
Interest Expense	$207M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$241M
Income Tax Expense	-$243M
Net Income from Continuing Ops	$484M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	$77M
EBIT	$458M
EBITDA	$515M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$1.0B
R&D Expenses	$75M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$469M
Other Expenses	$638M
Operating Expenses	$621M
Cost & Expenses	$4.7B
OPERATING INCOME	$290M
Interest Income	$8M
Interest Expense	$207M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$241M
Income Tax Expense	-$243M
Net Income from Continuing Ops	$484M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$488M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$488M
D&A	$77M
EBIT	$458M
EBITDA	$515M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$488M
Depreciation & Amortization	$77M
Stock-Based Compensation	$0
Deferred Income Tax	-$402M
Other Non-Cash Items	$93M
Change in Working Capital	$138M
OPERATING CASH FLOW	$596M
Capital Expenditure	-$351M
Acquisitions (Net)	$574M
Purchases of Investments	$351M
Sales/Maturities of Investments	$15M
Other Investing Activities	-$558M
NET CASH FROM INVESTING	$31M
Net Debt Issuance	-$92M
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$112M
FREE CASH FLOW	$245M
Net Change in Cash	$578M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$3M
Net Receivables	$976M
Inventory	$522M
Other Current Assets	$356M
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$2.8B
Goodwill	$798M
Intangible Assets	$294M
Long-Term Investments	$870M
Tax Assets	$484M
Other Non-Current Assets	$311M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$8.4B
Account Payables	$649M
Short-Term Debt	$242M
Deferred Revenue	$105M
Other Current Liabilities	$462M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$3.3B
Deferred Revenue NC	$1.3B
Deferred Tax Liabilities	$366M
Other Non-Current Liabilities	$2.9B
TOTAL NON-CURRENT LIABILITIES	$6.2B
TOTAL LIABILITIES	$7.8B
Common Stock	$0
Additional Paid-In Capital	$522M
Retained Earnings	$1.5B
Treasury Stock	-$781M
Accum. Other Comp. Income	-$659M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$584M
Minority Interest	$0
TOTAL EQUITY	$584M
TOTAL LIABILITIES & EQUITY	$8.4B
Total Debt	$3.5B
Net Debt	$2.2B