CLB FY 2018 Earnings Report — Core Laboratories N.V. Revenue & Financial Results | Market Cap Arena

Core Laboratories N.V.CLB

FY 2018 Earnings

Reported February 11, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$701M	—	$660M	—	6.2%
Op. Income	$119M	—	$112M	—	5.5%
Gross Margin	25.8%	—	24.3%	—	1.5pp
Net Margin	11.3%	—	12.6%	—	-1.3pp
EPS (Diluted)	$1.79	—	$1.88	—	-4.8%
Free Cash Flow	$90M	—	$105M	—	-14.6%

Revenue Flow

Item	Amount
REVENUE	$701M
Cost of Revenue	$520M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$0
Operating Expenses	$63M
Cost & Expenses	$583M
OPERATING INCOME	$119M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$105M
Income Tax Expense	$25M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	-$58.0K
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$23M
EBIT	$119M
EBITDA	$142M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$701M
Cost of Revenue	$520M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$0
Operating Expenses	$63M
Cost & Expenses	$583M
OPERATING INCOME	$119M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$105M
Income Tax Expense	$25M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	-$58.0K
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$23M
EBIT	$119M
EBITDA	$142M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$23M
Stock-Based Compensation	$34M
Deferred Income Tax	$2M
Other Non-Cash Items	-$17M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$22M
Acquisitions (Net)	-$47M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	$64M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$97M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$42M
FREE CASH FLOW	$90M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$129M
Inventory	$46M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$231M
PP&E (Net)	$123M
Goodwill	$219M
Intangible Assets	$13M
Long-Term Investments	$4M
Tax Assets	$11M
Other Non-Current Assets	-$15M
TOTAL NON-CURRENT ASSETS	$418M
TOTAL ASSETS	$649M
Account Payables	$41M
Short-Term Debt	$0
Deferred Revenue	$17M
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$103M
Long-Term Debt	$290M
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$385M
TOTAL LIABILITIES	$488M
Common Stock	$1M
Additional Paid-In Capital	$57M
Retained Earnings	$156M
Treasury Stock	-$53M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$161M
Minority Interest	$4M
TOTAL EQUITY	$165M
TOTAL LIABILITIES & EQUITY	$649M
Total Debt	$290M
Net Debt	$277M