CE Q2 2021 Earnings Report — Celanese Corporation Revenue & Financial Results | Market Cap Arena

Celanese CorporationCE

Q2 2021 Earnings

Reported July 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$2.2B	$1.8B	—	22.2%	—
Op. Income	$567M	$326M	—	73.9%	—
Gross Margin	34.6%	27.0%	—	7.6pp	—
Net Margin	24.5%	17.9%	—	6.6pp	—
EPS (Diluted)	$4.77	$2.82	—	69.1%	—
Free Cash Flow	$317M	$24M	—	1220.8%	—

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$761M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$161M
Other Expenses	$11M
Operating Expenses	$194M
Cost & Expenses	$1.6B
OPERATING INCOME	$567M
Interest Income	$4M
Interest Expense	$24M
Other Income/Expenses	$93M
INCOME BEFORE TAX	$660M
Income Tax Expense	$116M
Net Income from Continuing Ops	$544M
Net Income from Discontinued Ops	-$4M
Other Adjustments	$0
NET INCOME	$538M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$538M
D&A	$93M
EBIT	$684M
EBITDA	$777M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$761M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$161M
Other Expenses	$11M
Operating Expenses	$194M
Cost & Expenses	$1.6B
OPERATING INCOME	$567M
Interest Income	$4M
Interest Expense	$24M
Other Income/Expenses	$93M
INCOME BEFORE TAX	$660M
Income Tax Expense	$116M
Net Income from Continuing Ops	$544M
Net Income from Discontinued Ops	-$4M
Other Adjustments	$0
NET INCOME	$538M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$538M
D&A	$93M
EBIT	$684M
EBITDA	$777M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$540M
Depreciation & Amortization	$93M
Stock-Based Compensation	$42M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$55M
Change in Working Capital	-$192M
OPERATING CASH FLOW	$427M
Capital Expenditure	-$110M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$300M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	$177M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$250M
Common Dividends Paid	-$76M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$344M
FREE CASH FLOW	$317M
Net Change in Cash	$263M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$29M
Net Receivables	$1.8B
Inventory	$1.1B
Other Current Assets	$72M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$4.1B
Goodwill	$1.1B
Intangible Assets	$304M
Long-Term Investments	$818M
Tax Assets	$257M
Other Non-Current Assets	$500M
TOTAL NON-CURRENT ASSETS	$7.2B
TOTAL ASSETS	$11.2B
Account Payables	$998M
Short-Term Debt	$500M
Deferred Revenue	$0
Other Current Liabilities	$252M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$3.2B
Deferred Revenue NC	$50M
Deferred Tax Liabilities	$526M
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$4.9B
TOTAL LIABILITIES	$7.1B
Common Stock	$0
Additional Paid-In Capital	$292M
Retained Earnings	$8.8B
Treasury Stock	-$5.0B
Accum. Other Comp. Income	-$298M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$359M
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$3.9B
Net Debt	$2.8B