HCC FY 2018 Earnings Report — Warrior Met Coal, Inc. Revenue & Financial Results | Market Cap Arena

Warrior Met Coal, Inc.HCC

FY 2018 Earnings

Reported February 21, 2019

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	$1.4B	—	$1.2B	—	17.9%
Op. Income	$508M	—	$423M	—	20.0%
Gross Margin	47.3%	—	46.9%	—	0.4pp
Net Margin	50.6%	—	38.9%	—	11.6pp
EPS (Diluted)	$13.17	—	$8.62	—	52.8%
Free Cash Flow	$461M	—	$342M	—	34.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$727M
GROSS PROFIT	$651M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$97M
Operating Expenses	$134M
Cost & Expenses	$861M
OPERATING INCOME	$508M
Interest Income	$0
Interest Expense	$37M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$471M
Income Tax Expense	-$226M
Net Income from Continuing Ops	$697M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$697M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$697M
D&A	$102M
EBIT	$515M
EBITDA	$508M
EPS	$13
EPS Diluted	$13

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$727M
GROSS PROFIT	$651M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$97M
Operating Expenses	$134M
Cost & Expenses	$861M
OPERATING INCOME	$508M
Interest Income	$0
Interest Expense	$37M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$471M
Income Tax Expense	-$226M
Net Income from Continuing Ops	$697M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$697M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$697M
D&A	$102M
EBIT	$515M
EBITDA	$508M
EPS	$13
EPS Diluted	$13

Cash Flow Statement

Item	Amount
Net Income	$697M
Depreciation & Amortization	$97M
Stock-Based Compensation	$6M
Deferred Income Tax	-$223M
Other Non-Cash Items	-$17M
Change in Working Capital	-$511.0K
OPERATING CASH FLOW	$559M
Capital Expenditure	-$99M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$108M
Net Debt Issuance	$126M
Common Stock Repurchased	-$38M
Common Dividends Paid	-$361M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$282M
FREE CASH FLOW	$461M
Net Change in Cash	$170M

Balance Sheet

Item	Amount
Cash & Equivalents	$206M
Short-Term Investments	$18M
Net Receivables	$140M
Inventory	$57M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$469M
PP&E (Net)	$661M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$22M
Tax Assets	$223M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$926M
TOTAL ASSETS	$1.4B
Account Payables	$34M
Short-Term Debt	$760.0K
Deferred Revenue	$82M
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$124M
Long-Term Debt	$468M
Deferred Revenue NC	-$104M
Deferred Tax Liabilities	$104M
Other Non-Current Liabilities	$90M
TOTAL NON-CURRENT LIABILITIES	$558M
TOTAL LIABILITIES	$682M
Common Stock	$533.0K
Additional Paid-In Capital	$240M
Retained Earnings	$510M
Treasury Stock	-$38M
Accum. Other Comp. Income	-$208M
Other Equity	$208M
TOTAL STOCKHOLDERS' EQUITY	$713M
Minority Interest	$0
TOTAL EQUITY	$713M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$469M
Net Debt	$263M