EFXT FY 2018 Earnings Report — Enerflex Ltd. Revenue & Financial Results | Market Cap Arena

Enerflex Ltd.EFXT

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	9.7%
Op. Income	$106M	—	$89M	—	18.6%
Gross Margin	18.1%	—	18.4%	—	-0.4pp
Net Margin	5.9%	—	6.3%	—	-0.4pp
EPS (Diluted)	$0.83	—	$0.80	—	2.7%
Free Cash Flow	$81M	—	$89M	—	-9.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$1.0B
GROSS PROFIT	$225M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$119M
Other Expenses	$0
Operating Expenses	$119M
Cost & Expenses	$1.1B
OPERATING INCOME	$106M
Interest Income	$2M
Interest Expense	$12M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$97M
Income Tax Expense	$23M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$20M
BOTTOM LINE NET INCOME	$54M
D&A	$66M
EBIT	$106M
EBITDA	$167M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$1.0B
GROSS PROFIT	$225M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$119M
Other Expenses	$0
Operating Expenses	$119M
Cost & Expenses	$1.1B
OPERATING INCOME	$106M
Interest Income	$2M
Interest Expense	$12M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$97M
Income Tax Expense	$23M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$20M
BOTTOM LINE NET INCOME	$54M
D&A	$66M
EBIT	$106M
EBITDA	$167M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$66M
Stock-Based Compensation	$7M
Deferred Income Tax	$7M
Other Non-Cash Items	-$5M
Change in Working Capital	$28M
OPERATING CASH FLOW	$177M
Capital Expenditure	-$97M
Acquisitions (Net)	$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$23M
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$25M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$81M
Net Change in Cash	$73M

Balance Sheet

Item	Amount
Cash & Equivalents	$239M
Short-Term Investments	$0
Net Receivables	$337M
Inventory	$129M
Other Current Assets	$63M
TOTAL CURRENT ASSETS	$843M
PP&E (Net)	$458M
Goodwill	$438M
Intangible Assets	$21M
Long-Term Investments	$16M
Tax Assets	$39M
Other Non-Current Assets	$233.8K
TOTAL NON-CURRENT ASSETS	$972M
TOTAL ASSETS	$1.8B
Account Payables	$215M
Short-Term Debt	$0
Deferred Revenue	$255M
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$502M
Long-Term Debt	$325M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$38M
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$375M
TOTAL LIABILITIES	$877M
Common Stock	$268M
Additional Paid-In Capital	$478M
Retained Earnings	$86M
Treasury Stock	$0
Accum. Other Comp. Income	$104M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$936M
Minority Interest	$1M
TOTAL EQUITY	$937M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$325M
Net Debt	$86M