CMC FY 2014 Earnings Report — Commercial Metals Company Revenue & Financial Results | Market Cap Arena

Commercial Metals CompanyCMC

FY 2014 Earnings

Reported October 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$6.8B	—	$6.6B	—	2.9%
Op. Income	$245M	—	$210M	—	17.0%
Gross Margin	10.2%	—	9.8%	—	0.4pp
Net Margin	1.7%	—	1.2%	—	0.5pp
EPS (Diluted)	$0.97	—	$0.66	—	47.0%
Free Cash Flow	$35M	—	$59M	—	-40.0%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$6.1B
GROSS PROFIT	$694M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$449M
Other Expenses	$245M
Operating Expenses	$694M
Cost & Expenses	$6.8B
OPERATING INCOME	$245M
Interest Income	$0
Interest Expense	$77M
Other Income/Expenses	-$80M
INCOME BEFORE TAX	$165M
Income Tax Expense	$47M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	-$4M
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$136M
EBIT	$242M
EBITDA	$378M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$6.1B
GROSS PROFIT	$694M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$449M
Other Expenses	$245M
Operating Expenses	$694M
Cost & Expenses	$6.8B
OPERATING INCOME	$245M
Interest Income	$0
Interest Expense	$77M
Other Income/Expenses	-$80M
INCOME BEFORE TAX	$165M
Income Tax Expense	$47M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	-$4M
Other Adjustments	$0
NET INCOME	$113M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$136M
EBIT	$242M
EBITDA	$378M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$113M
Depreciation & Amortization	$136M
Stock-Based Compensation	$18M
Deferred Income Tax	$35M
Other Non-Cash Items	-$15M
Change in Working Capital	-$150M
OPERATING CASH FLOW	$137M
Capital Expenditure	-$102M
Acquisitions (Net)	$37M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$56M
Other Financing Activities	$30M
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	$35M
Net Change in Cash	$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$435M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$935M
Other Current Assets	$155M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$925M
Goodwill	$74M
Intangible Assets	$24M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$106M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$3.7B
Account Payables	$424M
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$891M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$56M
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.3B
Common Stock	$1M
Additional Paid-In Capital	$359M
Retained Earnings	$1.2B
Treasury Stock	-$218M
Accum. Other Comp. Income	-$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$111.0K
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$1.3B
Net Debt	$866M