CE FY 2012 Earnings Report — Celanese Corporation Revenue & Financial Results | Market Cap Arena

Celanese CorporationCE

FY 2012 Earnings

Reported February 8, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$6.4B	—	$6.8B	—	-5.1%
Op. Income	$511M	—	$690M	—	-25.9%
Gross Margin	18.6%	—	21.2%	—	-2.6pp
Net Margin	9.4%	—	9.0%	—	0.5pp
EPS (Diluted)	$3.79	—	$3.82	—	-0.8%
Free Cash Flow	$312M	—	$434M	—	-28.1%

Revenue Flow

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$5.2B
GROSS PROFIT	$1.2B
R&D Expenses	$102M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$507M
Other Expenses	-$9M
Operating Expenses	$660M
Cost & Expenses	$5.9B
OPERATING INCOME	$511M
Interest Income	$2M
Interest Expense	$168M
Other Income/Expenses	$146M
INCOME BEFORE TAX	$657M
Income Tax Expense	$48M
Net Income from Continuing Ops	$609M
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$605M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$605M
D&A	$51M
EBIT	$506M
EBITDA	$826M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$5.2B
GROSS PROFIT	$1.2B
R&D Expenses	$102M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$507M
Other Expenses	-$9M
Operating Expenses	$660M
Cost & Expenses	$5.9B
OPERATING INCOME	$511M
Interest Income	$2M
Interest Expense	$168M
Other Income/Expenses	$146M
INCOME BEFORE TAX	$657M
Income Tax Expense	$48M
Net Income from Continuing Ops	$609M
Net Income from Discontinued Ops	$0
Other Adjustments	-$4M
NET INCOME	$605M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$605M
D&A	$51M
EBIT	$506M
EBITDA	$826M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$605M
Depreciation & Amortization	$320M
Stock-Based Compensation	$20M
Deferred Income Tax	-$73M
Other Non-Cash Items	$44M
Change in Working Capital	-$179M
OPERATING CASH FLOW	$722M
Capital Expenditure	-$410M
Acquisitions (Net)	-$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$68M
NET CASH FROM INVESTING	-$500M
Net Debt Issuance	$63M
Common Stock Repurchased	-$45M
Common Dividends Paid	-$43M
Other Financing Activities	$74M
NET CASH FROM FINANCING	$49M
FREE CASH FLOW	$312M
Net Change in Cash	$277M

Balance Sheet

Item	Amount
Cash & Equivalents	$959M
Short-Term Investments	$53M
Net Receivables	$1.0B
Inventory	$711M
Other Current Assets	$80M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$3.4B
Goodwill	$777M
Intangible Assets	$165M
Long-Term Investments	$800M
Tax Assets	$555M
Other Non-Current Assets	$463M
TOTAL NON-CURRENT ASSETS	$6.1B
TOTAL ASSETS	$9.2B
Account Payables	$649M
Short-Term Debt	$168M
Deferred Revenue	$56M
Other Current Liabilities	$354M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.9B
Deferred Revenue NC	$945M
Deferred Tax Liabilities	$396M
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$6.1B
TOTAL LIABILITIES	$7.4B
Common Stock	$0
Additional Paid-In Capital	$731M
Retained Earnings	$3.0B
Treasury Stock	-$905M
Accum. Other Comp. Income	-$1.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$9.2B
Total Debt	$3.1B
Net Debt	$2.1B