CMC FY 2022 Earnings Report — Commercial Metals Company Revenue & Financial Results | Market Cap Arena

Commercial Metals CompanyCMC

FY 2022 Earnings

Reported October 13, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$8.9B	—	$6.7B	—	32.4%
Op. Income	$1.3B	—	$601M	—	118.3%
Gross Margin	20.8%	—	16.4%	—	4.4pp
Net Margin	13.7%	—	6.1%	—	7.5pp
EPS (Diluted)	$9.95	—	$3.38	—	194.4%
Free Cash Flow	$250M	—	$44M	—	464.9%

Revenue Flow

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$7.1B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$545M
Other Expenses	$0
Operating Expenses	$545M
Cost & Expenses	$7.6B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	$204M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$298M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$175M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$8.9B
Cost of Revenue	$7.1B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$545M
Other Expenses	$0
Operating Expenses	$545M
Cost & Expenses	$7.6B
OPERATING INCOME	$1.3B
Interest Income	$0
Interest Expense	$51M
Other Income/Expenses	$204M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$298M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$175M
EBIT	$1.6B
EBITDA	$1.7B
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$175M
Stock-Based Compensation	$47M
Deferred Income Tax	$86M
Other Non-Cash Items	-$252M
Change in Working Capital	-$573M
OPERATING CASH FLOW	$700M
Capital Expenditure	-$450M
Acquisitions (Net)	-$552M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$318M
NET CASH FROM INVESTING	-$685M
Net Debt Issuance	$421M
Common Stock Repurchased	-$171M
Common Dividends Paid	-$68M
Other Financing Activities	-$17M
NET CASH FROM FINANCING	$165M
FREE CASH FLOW	$250M
Net Change in Cash	$178M

Balance Sheet

Item	Amount
Cash & Equivalents	$673M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$1.2B
Other Current Assets	$60.0K
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$1.9B
Goodwill	$249M
Intangible Assets	$258M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$378M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$6.2B
Account Payables	$428M
Short-Term Debt	$389M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$250M
Other Non-Current Liabilities	$230M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$3.0B
Common Stock	$1M
Additional Paid-In Capital	$383M
Retained Earnings	$3.3B
Treasury Stock	-$296M
Accum. Other Comp. Income	-$114M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.3B
Minority Interest	$232.0K
TOTAL EQUITY	$3.3B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$1.5B
Net Debt	$829M