CMC FY 2020 Earnings Report — Commercial Metals Company Revenue & Financial Results | Market Cap Arena

Commercial Metals CompanyCMC

FY 2020 Earnings

Reported October 15, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.5B	—	$5.8B	—	-6.0%
Op. Income	$440M	—	$340M	—	29.4%
Gross Margin	17.3%	—	13.8%	—	3.5pp
Net Margin	5.1%	—	3.4%	—	1.7pp
EPS (Diluted)	$2.32	—	$1.66	—	39.8%
Free Cash Flow	$604M	—	-$102M	—	692.7%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$4.5B
GROSS PROFIT	$945M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$504M
Other Expenses	$0
Operating Expenses	$504M
Cost & Expenses	$5.0B
OPERATING INCOME	$440M
Interest Income	$0
Interest Expense	$62M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$371M
Income Tax Expense	$92M
Net Income from Continuing Ops	$278M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$280M
D&A	$166M
EBIT	$433M
EBITDA	$598M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$4.5B
GROSS PROFIT	$945M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$504M
Other Expenses	$0
Operating Expenses	$504M
Cost & Expenses	$5.0B
OPERATING INCOME	$440M
Interest Income	$0
Interest Expense	$62M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$371M
Income Tax Expense	$92M
Net Income from Continuing Ops	$278M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$280M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$280M
D&A	$166M
EBIT	$433M
EBITDA	$598M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$280M
Depreciation & Amortization	$166M
Stock-Based Compensation	$32M
Deferred Income Tax	$50M
Other Non-Cash Items	-$22M
Change in Working Capital	$286M
OPERATING CASH FLOW	$791M
Capital Expenditure	-$188M
Acquisitions (Net)	-$18M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$193M
Net Debt Issuance	-$184M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$57M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$248M
FREE CASH FLOW	$604M
Net Change in Cash	$351M

Balance Sheet

Item	Amount
Cash & Equivalents	$542M
Short-Term Investments	$0
Net Receivables	$881M
Inventory	$625M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$1.6B
Goodwill	$64M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$220M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.1B
Account Payables	$266M
Short-Term Debt	$18M
Deferred Revenue	$6M
Other Current Liabilities	$39M
TOTAL CURRENT LIABILITIES	$745M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$131M
Other Non-Current Liabilities	$251M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.2B
Common Stock	$1M
Additional Paid-In Capital	$359M
Retained Earnings	$1.8B
Treasury Stock	-$175M
Accum. Other Comp. Income	-$104M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$212.0K
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$1.1B
Net Debt	$542M