CMC FY 2016 Earnings Report — Commercial Metals Company Revenue & Financial Results | Market Cap Arena

Commercial Metals CompanyCMC

FY 2016 Earnings

Reported October 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.6B	—	$5.4B	—	-33.7%
Op. Income	$190M	—	$183M	—	4.2%
Gross Margin	16.0%	—	11.0%	—	5.0pp
Net Margin	1.5%	—	1.5%	—	0.1pp
EPS (Diluted)	$0.47	—	$0.67	—	-29.9%
Free Cash Flow	$424M	—	$194M	—	118.4%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.0B
GROSS PROFIT	$574M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$384M
Other Expenses	$190M
Operating Expenses	$574M
Cost & Expenses	$3.6B
OPERATING INCOME	$190M
Interest Income	$0
Interest Expense	$63M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$76M
Income Tax Expense	$14M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$127M
EBIT	$139M
EBITDA	$266M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$3.0B
GROSS PROFIT	$574M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$384M
Other Expenses	$190M
Operating Expenses	$574M
Cost & Expenses	$3.6B
OPERATING INCOME	$190M
Interest Income	$0
Interest Expense	$63M
Other Income/Expenses	-$114M
INCOME BEFORE TAX	$76M
Income Tax Expense	$14M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	-$7M
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$127M
EBIT	$139M
EBITDA	$266M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$127M
Stock-Based Compensation	$26M
Deferred Income Tax	-$2M
Other Non-Cash Items	$80M
Change in Working Capital	$302M
OPERATING CASH FLOW	$587M
Capital Expenditure	-$163M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	-$3M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$176M
Net Debt Issuance	-$211M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$55M
Other Financing Activities	-$80M
NET CASH FROM FINANCING	-$378M
FREE CASH FLOW	$424M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$518M
Short-Term Investments	$0
Net Receivables	$689M
Inventory	$540M
Other Current Assets	$301M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$895M
Goodwill	$66M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$109M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$3.1B
Account Payables	$208M
Short-Term Debt	$313M
Deferred Revenue	$0
Other Current Liabilities	$37M
TOTAL CURRENT LIABILITIES	$821M
Long-Term Debt	$758M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$63M
Other Non-Current Liabilities	$121M
TOTAL NON-CURRENT LIABILITIES	$942M
TOTAL LIABILITIES	$1.8B
Common Stock	$1M
Additional Paid-In Capital	$359M
Retained Earnings	$1.4B
Treasury Stock	-$253M
Accum. Other Comp. Income	-$113M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$159.0K
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.1B
Net Debt	$554M