HCC FY 2019 Earnings Report — Warrior Met Coal, Inc. Revenue & Financial Results | Market Cap Arena

Warrior Met Coal, Inc.HCC

FY 2019 Earnings

Reported February 19, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.4B	—	-8.0%
Op. Income	$383M	—	$508M	—	-24.6%
Gross Margin	33.1%	—	47.3%	—	-14.1pp
Net Margin	23.8%	—	50.6%	—	-26.8pp
EPS (Diluted)	$5.86	—	$13.17	—	-55.5%
Free Cash Flow	$426M	—	$461M	—	-7.6%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$848M
GROSS PROFIT	$420M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$0
Operating Expenses	$37M
Cost & Expenses	$885M
OPERATING INCOME	$383M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$367M
Income Tax Expense	$65M
Net Income from Continuing Ops	$302M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$302M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$302M
D&A	$97M
EBIT	$396M
EBITDA	$494M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$848M
GROSS PROFIT	$420M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$0
Operating Expenses	$37M
Cost & Expenses	$885M
OPERATING INCOME	$383M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$367M
Income Tax Expense	$65M
Net Income from Continuing Ops	$302M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$302M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$302M
D&A	$97M
EBIT	$396M
EBITDA	$494M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$302M
Depreciation & Amortization	$97M
Stock-Based Compensation	$6M
Deferred Income Tax	$68M
Other Non-Cash Items	$3M
Change in Working Capital	$56M
OPERATING CASH FLOW	$533M
Capital Expenditure	-$107M
Acquisitions (Net)	$10M
Purchases of Investments	-$24M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$30M
NET CASH FROM INVESTING	-$134M
Net Debt Issuance	-$158M
Common Stock Repurchased	-$13M
Common Dividends Paid	-$240M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$412M
FREE CASH FLOW	$426M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$193M
Short-Term Investments	$15M
Net Receivables	$114M
Inventory	$98M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$444M
PP&E (Net)	$716M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$154M
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$900M
TOTAL ASSETS	$1.3B
Account Payables	$46M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$129M
Long-Term Debt	$339M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$85M
TOTAL NON-CURRENT LIABILITIES	$450M
TOTAL LIABILITIES	$579M
Common Stock	$533.0K
Additional Paid-In Capital	$244M
Retained Earnings	$572M
Treasury Stock	-$51M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$766M
Minority Interest	$0
TOTAL EQUITY	$766M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$375M
Net Debt	$181M