CMCO FY 2013 Earnings Report — Columbus McKinnon Corporation Revenue & Financial Results | Market Cap Arena

Columbus McKinnon CorporationCMCO

FY 2013 Earnings

Reported May 29, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$583M	—	$597M	—	-2.3%
Op. Income	$54M	—	$54M	—	-0.0%
Gross Margin	31.0%	—	29.2%	—	1.9pp
Net Margin	5.2%	—	13.1%	—	-7.9pp
EPS (Diluted)	$1.52	—	$3.98	—	-61.8%
Free Cash Flow	$9M	—	$27M	—	-68.5%

Revenue Flow

Item	Amount
REVENUE	$583M
Cost of Revenue	$402M
GROSS PROFIT	$181M
R&D Expenses	$5M
Selling & Marketing	$69M
General & Administrative	$56M
SG&A Expenses	$125M
Other Expenses	$1M
Operating Expenses	$127M
Cost & Expenses	$529M
OPERATING INCOME	$54M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$43M
Income Tax Expense	$12M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$13M
EBIT	$56M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$583M
Cost of Revenue	$402M
GROSS PROFIT	$181M
R&D Expenses	$5M
Selling & Marketing	$69M
General & Administrative	$56M
SG&A Expenses	$125M
Other Expenses	$1M
Operating Expenses	$127M
Cost & Expenses	$529M
OPERATING INCOME	$54M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$43M
Income Tax Expense	$12M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$13M
EBIT	$56M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$5M
Other Non-Cash Items	-$1M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$21M
Acquisitions (Net)	-$22M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$7M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	-$865.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$9M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$0
Net Receivables	$93M
Inventory	$98M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$327M
PP&E (Net)	$79M
Goodwill	$119M
Intangible Assets	$21M
Long-Term Investments	$22M
Tax Assets	$23M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$272M
TOTAL ASSETS	$599M
Account Payables	$35M
Short-Term Debt	$2M
Deferred Revenue	$9M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$89M
Long-Term Debt	$149M
Deferred Revenue NC	-$6M
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$61M
TOTAL NON-CURRENT LIABILITIES	$218M
TOTAL LIABILITIES	$307M
Common Stock	$198.0K
Additional Paid-In Capital	$199M
Retained Earnings	$134M
Treasury Stock	$0
Accum. Other Comp. Income	-$41M
Other Equity	-$142.0K
TOTAL STOCKHOLDERS' EQUITY	$291M
Minority Interest	$0
TOTAL EQUITY	$291M
TOTAL LIABILITIES & EQUITY	$599M
Total Debt	$152M
Net Debt	$40M