FF FY 2013 Earnings Report — FutureFuel Corp. Revenue & Financial Results | Market Cap Arena

FutureFuel Corp.FF

FY 2013 Earnings

Reported March 17, 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	$445M	—	$352M	—	26.5%
Op. Income	$90M	—	$46M	—	95.8%
Gross Margin	22.5%	—	16.3%	—	6.2pp
Net Margin	16.6%	—	9.8%	—	6.9pp
EPS (Diluted)	$1.71	—	$0.83	—	106.0%
Free Cash Flow	$44M	—	$56M	—	-21.3%

Revenue Flow

Item	Amount
REVENUE	$445M
Cost of Revenue	$345M
GROSS PROFIT	$100M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$10M
Cost & Expenses	$355M
OPERATING INCOME	$90M
Interest Income	$6M
Interest Expense	$24.0K
Other Income/Expenses	$7M
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	$0
BOTTOM LINE NET INCOME	$74M
D&A	$10M
EBIT	$108M
EBITDA	$118M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$445M
Cost of Revenue	$345M
GROSS PROFIT	$100M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$6M
SG&A Expenses	$6M
Other Expenses	$0
Operating Expenses	$10M
Cost & Expenses	$355M
OPERATING INCOME	$90M
Interest Income	$6M
Interest Expense	$24.0K
Other Income/Expenses	$7M
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	$0
BOTTOM LINE NET INCOME	$74M
D&A	$10M
EBIT	$108M
EBITDA	$118M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$10M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	$24.0K
Change in Working Capital	-$36M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$19M
Acquisitions (Net)	$19M
Purchases of Investments	-$48M
Sales/Maturities of Investments	$43M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$30M
Other Financing Activities	-$5.0K
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$44M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$104M
Net Receivables	$33M
Inventory	$42M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$283M
PP&E (Net)	$129M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	-$6M
TOTAL NON-CURRENT ASSETS	$131M
TOTAL ASSETS	$414M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$7M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$40M
Long-Term Debt	$0
Deferred Revenue NC	$14M
Deferred Tax Liabilities	$29M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$45M
TOTAL LIABILITIES	$86M
Common Stock	$4.0K
Additional Paid-In Capital	$276M
Retained Earnings	$45M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$329M
Minority Interest	$0
TOTAL EQUITY	$329M
TOTAL LIABILITIES & EQUITY	$414M
Total Debt	$0
Net Debt	-$86M