CNH FY 2014 Earnings Report — CNH Industrial N.V. Revenue & Financial Results | Market Cap Arena

CNH Industrial N.V.CNH

FY 2014 Earnings

Reported March 4, 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	$32.6B	—	—	—	—
Op. Income	$2.8B	—	—	—	—
Gross Margin	17.7%	—	—	—	—
Net Margin	2.2%	—	—	—	—
EPS (Diluted)	$0.52	—	—	—	—
Free Cash Flow	-$2.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$32.6B
Cost of Revenue	$26.8B
GROSS PROFIT	$5.7B
R&D Expenses	$1.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.9B
Other Expenses	$0
Operating Expenses	$4.0B
Cost & Expenses	$29.6B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$1.3B
Other Income/Expenses	-$1.7B
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$467M
Net Income from Continuing Ops	$708M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$710M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$710M
D&A	$1.1B
EBIT	$2.8B
EBITDA	$4.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$32.6B
Cost of Revenue	$26.8B
GROSS PROFIT	$5.7B
R&D Expenses	$1.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.9B
Other Expenses	$0
Operating Expenses	$4.0B
Cost & Expenses	$29.6B
OPERATING INCOME	$2.8B
Interest Income	$0
Interest Expense	$1.3B
Other Income/Expenses	-$1.7B
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$467M
Net Income from Continuing Ops	$708M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$710M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$710M
D&A	$1.1B
EBIT	$2.8B
EBITDA	$4.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$708M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$265M
Change in Working Capital	-$1.4B
OPERATING CASH FLOW	$681M
Capital Expenditure	-$2.8B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$866M
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$2.1B
Common Stock Repurchased	$0
Common Dividends Paid	-$382M
Other Financing Activities	-$296M
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	-$2.2B
Net Change in Cash	-$404M

Balance Sheet

Item	Amount
Cash & Equivalents	$5.2B
Short-Term Investments	$0
Net Receivables	$22.5B
Inventory	$7.0B
Other Current Assets	$978M
TOTAL CURRENT ASSETS	$35.7B
PP&E (Net)	$8.4B
Goodwill	$2.5B
Intangible Assets	$850M
Long-Term Investments	$605M
Tax Assets	$1.7B
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$16.2B
TOTAL ASSETS	$51.9B
Account Payables	$6.0B
Short-Term Debt	$11.0B
Deferred Revenue	$0
Other Current Liabilities	-$10.4B
TOTAL CURRENT LIABILITIES	$8.1B
Long-Term Debt	$29.6B
Deferred Revenue NC	$2.0B
Deferred Tax Liabilities	$452M
Other Non-Current Liabilities	$6.8B
TOTAL NON-CURRENT LIABILITIES	$38.9B
TOTAL LIABILITIES	$46.9B
Common Stock	$25M
Additional Paid-In Capital	$4.3B
Retained Earnings	$2.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.7B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$55M
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$51.9B
Total Debt	$40.7B
Net Debt	$35.5B