CMC FY 2021 Earnings Report — Commercial Metals Company Revenue & Financial Results | Market Cap Arena

Commercial Metals CompanyCMC

FY 2021 Earnings

Reported October 14, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$6.7B	—	$5.5B	—	22.9%
Op. Income	$601M	—	$440M	—	36.5%
Gross Margin	16.4%	—	17.3%	—	-0.8pp
Net Margin	6.1%	—	5.1%	—	1.0pp
EPS (Diluted)	$3.38	—	$2.32	—	45.7%
Free Cash Flow	$44M	—	$604M	—	-92.7%

Revenue Flow

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$505M
Other Expenses	$0
Operating Expenses	$505M
Cost & Expenses	$6.1B
OPERATING INCOME	$601M
Interest Income	$0
Interest Expense	$52M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$534M
Income Tax Expense	$121M
Net Income from Continuing Ops	$413M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$413M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$413M
D&A	$168M
EBIT	$586M
EBITDA	$754M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$6.7B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$505M
Other Expenses	$0
Operating Expenses	$505M
Cost & Expenses	$6.1B
OPERATING INCOME	$601M
Interest Income	$0
Interest Expense	$52M
Other Income/Expenses	-$67M
INCOME BEFORE TAX	$534M
Income Tax Expense	$121M
Net Income from Continuing Ops	$413M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$413M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$413M
D&A	$168M
EBIT	$586M
EBITDA	$754M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$413M
Depreciation & Amortization	$168M
Stock-Based Compensation	$44M
Deferred Income Tax	-$40M
Other Non-Cash Items	$9M
Change in Working Capital	-$365M
OPERATING CASH FLOW	$228M
Capital Expenditure	-$184M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$24M
NET CASH FROM INVESTING	-$162M
Net Debt Issuance	-$33M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$58M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$109M
FREE CASH FLOW	$44M
Net Change in Cash	-$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$498M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$935M
Other Current Assets	$25M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$1.6B
Goodwill	$66M
Intangible Assets	$10M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$259M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.6B
Account Payables	$451M
Short-Term Debt	$54M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$980M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$112M
Other Non-Current Liabilities	$236M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.3B
Common Stock	$1M
Additional Paid-In Capital	$368M
Retained Earnings	$2.2B
Treasury Stock	-$153M
Accum. Other Comp. Income	-$85M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$232.0K
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$1.1B
Net Debt	$572M