CE FY 2013 Earnings Report — Celanese Corporation Revenue & Financial Results | Market Cap Arena

Celanese CorporationCE

FY 2013 Earnings

Reported February 7, 2014

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	$6.5B	—	$6.4B	—	1.4%
Op. Income	$1.5B	—	$511M	—	195.1%
Gross Margin	21.0%	—	18.6%	—	2.4pp
Net Margin	16.9%	—	9.4%	—	7.5pp
EPS (Diluted)	$6.91	—	$3.79	—	82.3%
Free Cash Flow	$385M	—	$312M	—	23.4%

Revenue Flow

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$5.1B
GROSS PROFIT	$1.4B
R&D Expenses	$85M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$311M
Other Expenses	-$158M
Operating Expenses	$428M
Cost & Expenses	$5.6B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$172M
Other Income/Expenses	$101M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$508M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$32M
EBIT	$1.8B
EBITDA	$1.3B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$6.5B
Cost of Revenue	$5.1B
GROSS PROFIT	$1.4B
R&D Expenses	$85M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$311M
Other Expenses	-$158M
Operating Expenses	$428M
Cost & Expenses	$5.6B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$172M
Other Income/Expenses	$101M
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$508M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$32M
EBIT	$1.8B
EBITDA	$1.3B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$319M
Stock-Based Compensation	$24M
Deferred Income Tax	$344M
Other Non-Cash Items	-$11M
Change in Working Capital	-$94M
OPERATING CASH FLOW	$762M
Capital Expenditure	-$377M
Acquisitions (Net)	$13M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$58M
NET CASH FROM INVESTING	-$422M
Net Debt Issuance	-$81M
Common Stock Repurchased	-$164M
Common Dividends Paid	-$83M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$326M
FREE CASH FLOW	$385M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$984M
Short-Term Investments	$41M
Net Receivables	$1.2B
Inventory	$804M
Other Current Assets	$143M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$3.4B
Goodwill	$798M
Intangible Assets	$142M
Long-Term Investments	$841M
Tax Assets	$289M
Other Non-Current Assets	$341M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$9.0B
Account Payables	$799M
Short-Term Debt	$177M
Deferred Revenue	$28M
Other Current Liabilities	$367M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$2.9B
Deferred Revenue NC	$81M
Deferred Tax Liabilities	$425M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$4.8B
TOTAL LIABILITIES	$6.3B
Common Stock	$0
Additional Paid-In Capital	$53M
Retained Earnings	$3.0B
Treasury Stock	-$361M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$3.1B
Net Debt	$2.1B