CMP FY 2013 Earnings Report — Compass Minerals International, Inc. Revenue & Financial Results | Market Cap Arena

Compass Minerals International, Inc.CMP

FY 2013 Earnings

Reported February 24, 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	$1.1B	—	$942M	—	19.9%
Op. Income	$186M	—	$133M	—	39.3%
Gross Margin	25.3%	—	24.1%	—	1.2pp
Net Margin	11.6%	—	9.4%	—	2.1pp
EPS (Diluted)	$3.88	—	$2.65	—	46.4%
Free Cash Flow	$116M	—	$21M	—	455.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$844M
GROSS PROFIT	$286M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$100M
Other Expenses	$0
Operating Expenses	$100M
Cost & Expenses	$944M
OPERATING INCOME	$186M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$174M
Income Tax Expense	$43M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
NET INCOME	$131M
BOTTOM LINE NET INCOME	$130M
D&A	$73M
EBIT	$192M
EBITDA	$265M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$844M
GROSS PROFIT	$286M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$100M
Other Expenses	$0
Operating Expenses	$100M
Cost & Expenses	$944M
OPERATING INCOME	$186M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$174M
Income Tax Expense	$43M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
NET INCOME	$131M
BOTTOM LINE NET INCOME	$130M
D&A	$73M
EBIT	$192M
EBITDA	$265M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$131M
Depreciation & Amortization	$0
Stock-Based Compensation	$5M
Deferred Income Tax	-$200.0K
Other Non-Cash Items	$82M
Change in Working Capital	$21M
OPERATING CASH FLOW	$238M
Capital Expenditure	-$123M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$73M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$66M
FREE CASH FLOW	$116M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$160M
Short-Term Investments	$0
Net Receivables	$212M
Inventory	$181M
Other Current Assets	$25M
TOTAL CURRENT ASSETS	$577M
PP&E (Net)	$677M
Goodwill	$21M
Intangible Assets	$73M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$827M
TOTAL ASSETS	$1.4B
Account Payables	$109M
Short-Term Debt	$4M
Deferred Revenue	$57M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$258M
Long-Term Debt	$475M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$593M
TOTAL LIABILITIES	$851M
Common Stock	$400.0K
Additional Paid-In Capital	$70M
Retained Earnings	$453M
Treasury Stock	-$4M
Accum. Other Comp. Income	$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$554M
Minority Interest	$0
TOTAL EQUITY	$554M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$479M
Net Debt	$319M