CSTM Q3 2017 Earnings Report — Constellium SE Revenue & Financial Results | Market Cap Arena

Constellium SECSTM

Q3 2017 Earnings

Reported October 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2017	Q2 2017	Q3 2016	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	6.7%
Op. Income	$94M	—	$98M	—	-4.8%
Gross Margin	10.9%	—	11.7%	—	-0.8pp
Net Margin	1.6%	—	1.3%	—	0.4pp
EPS (Diluted)	$0.23	—	$0.16	—	42.9%
Free Cash Flow	$25M	—	-$40M	—	161.8%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$163M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$71M
SG&A Expenses	$71M
Other Expenses	$0
Operating Expenses	$82M
Cost & Expenses	$1.4B
OPERATING INCOME	$94M
Interest Income	$2M
Interest Expense	$39M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$44M
Income Tax Expense	$20M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$48M
EBIT	$84M
EBITDA	$143M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$163M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$71M
SG&A Expenses	$71M
Other Expenses	$0
Operating Expenses	$82M
Cost & Expenses	$1.4B
OPERATING INCOME	$94M
Interest Income	$2M
Interest Expense	$39M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$44M
Income Tax Expense	$20M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$48M
EBIT	$84M
EBITDA	$143M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$48M
Stock-Based Compensation	$4M
Deferred Income Tax	$20M
Other Non-Cash Items	$42M
Change in Working Capital	$22M
OPERATING CASH FLOW	$89M
Capital Expenditure	-$64M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$25M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$351M
Short-Term Investments	$53M
Net Receivables	$398M
Inventory	$717M
Other Current Assets	$153M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$1.7B
Goodwill	$479M
Intangible Assets	$87M
Long-Term Investments	$115M
Tax Assets	$239M
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.3B
Account Payables	$841M
Short-Term Debt	$118M
Deferred Revenue	$16M
Other Current Liabilities	$143M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$2.5B
Deferred Revenue NC	$43M
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$1.0B
TOTAL NON-CURRENT LIABILITIES	$3.6B
TOTAL LIABILITIES	$4.9B
Common Stock	$2M
Additional Paid-In Capital	$190M
Retained Earnings	-$770M
Treasury Stock	$0
Accum. Other Comp. Income	-$886M
Other Equity	$123M
TOTAL STOCKHOLDERS' EQUITY	-$578M
Minority Interest	$8M
TOTAL EQUITY	-$570M
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$2.6B
Net Debt	$2.3B