CMP FY 2014 Earnings Report — Compass Minerals International, Inc. Revenue & Financial Results | Market Cap Arena

Compass Minerals International, Inc.CMP

FY 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	13.5%
Op. Income	$311M	—	$186M	—	67.6%
Gross Margin	32.9%	—	25.3%	—	7.5pp
Net Margin	17.0%	—	11.6%	—	5.4pp
EPS (Diluted)	$6.44	—	$3.88	—	66.0%
Free Cash Flow	$118M	—	$116M	—	1.8%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$861M
GROSS PROFIT	$421M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$110M
Cost & Expenses	$972M
OPERATING INCOME	$311M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$292M
Income Tax Expense	$74M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
NET INCOME	$218M
BOTTOM LINE NET INCOME	$216M
D&A	$78M
EBIT	$312M
EBITDA	$390M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$861M
GROSS PROFIT	$421M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$110M
Cost & Expenses	$972M
OPERATING INCOME	$311M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$292M
Income Tax Expense	$74M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$0
NET INCOME	$218M
BOTTOM LINE NET INCOME	$216M
D&A	$78M
EBIT	$312M
EBITDA	$390M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$218M
Depreciation & Amortization	$0
Stock-Based Compensation	$5M
Deferred Income Tax	$4M
Other Non-Cash Items	$16M
Change in Working Capital	$1M
OPERATING CASH FLOW	$243M
Capital Expenditure	-$125M
Acquisitions (Net)	-$87M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$189M
Net Debt Issuance	$148M
Common Stock Repurchased	$0
Common Dividends Paid	-$81M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$65M
FREE CASH FLOW	$118M
Net Change in Cash	$107M

Balance Sheet

Item	Amount
Cash & Equivalents	$267M
Short-Term Investments	$0
Net Receivables	$213M
Inventory	$199M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$703M
PP&E (Net)	$701M
Goodwill	$69M
Intangible Assets	$106M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$934M
TOTAL ASSETS	$1.6B
Account Payables	$98M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$238M
Long-Term Debt	$623M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$89M
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$746M
TOTAL LIABILITIES	$984M
Common Stock	$400.0K
Additional Paid-In Capital	$83M
Retained Earnings	$590M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$654M
Minority Interest	$0
TOTAL EQUITY	$654M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$626M
Net Debt	$360M