HCC Q2 2019 Earnings Report — Warrior Met Coal, Inc. Revenue & Financial Results | Market Cap Arena

Warrior Met Coal, Inc.HCC

Q2 2019 Earnings

Reported July 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$398M	$378M	$323M	5.1%	23.3%
Op. Income	$148M	$157M	$101M	-5.6%	46.3%
Gross Margin	46.4%	49.7%	42.4%	-3.3pp	4.0pp
Net Margin	31.6%	29.2%	28.3%	2.4pp	3.2pp
EPS (Diluted)	$2.43	$2.14	$1.72	13.6%	41.3%
Free Cash Flow	$204M	$102M	$100M	99.7%	104.5%

Revenue Flow

Item	Amount
REVENUE	$398M
Cost of Revenue	$213M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$18M
Operating Expenses	$36M
Cost & Expenses	$250M
OPERATING INCOME	$148M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$159M
Income Tax Expense	$33M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$26M
EBIT	$148M
EBITDA	$174M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$398M
Cost of Revenue	$213M
GROSS PROFIT	$184M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$18M
Operating Expenses	$36M
Cost & Expenses	$250M
OPERATING INCOME	$148M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	$11M
INCOME BEFORE TAX	$159M
Income Tax Expense	$33M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$26M
EBIT	$148M
EBITDA	$174M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$26M
Stock-Based Compensation	$1M
Deferred Income Tax	$33M
Other Non-Cash Items	$1M
Change in Working Capital	$45M
OPERATING CASH FLOW	$231M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	-$14M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$411.0K
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$233M
Other Financing Activities	-$610.0K
NET CASH FROM FINANCING	-$239M
FREE CASH FLOW	$204M
Net Change in Cash	-$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$119M
Short-Term Investments	$14M
Net Receivables	$171M
Inventory	$69M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$401M
PP&E (Net)	$698M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$162M
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$890M
TOTAL ASSETS	$1.3B
Account Payables	$36M
Short-Term Debt	$9M
Deferred Revenue	$71M
Other Current Liabilities	-$3M
TOTAL CURRENT LIABILITIES	$121M
Long-Term Debt	$339M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$87M
TOTAL NON-CURRENT LIABILITIES	$457M
TOTAL LIABILITIES	$578M
Common Stock	$533.0K
Additional Paid-In Capital	$241M
Retained Earnings	$511M
Treasury Stock	-$40M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$713M
Minority Interest	$0
TOTAL EQUITY	$713M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$379M
Net Debt	$259M