HXL FY 2007 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2007 Earnings

Reported February 22, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.2B	—	-1.8%
Op. Income	$122M	—	$121M	—	0.8%
Gross Margin	24.2%	—	22.2%	—	2.0pp
Net Margin	5.2%	—	5.5%	—	-0.3pp
EPS (Diluted)	$0.64	—	$0.69	—	-7.2%
Free Cash Flow	-$7M	—	-$17M	—	58.5%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$888M
GROSS PROFIT	$283M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$13M
Operating Expenses	$161M
Cost & Expenses	$1.0B
OPERATING INCOME	$122M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$92M
Income Tax Expense	$33M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$61M
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$61M
D&A	$42M
EBIT	$122M
EBITDA	$164M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$888M
GROSS PROFIT	$283M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$114M
Other Expenses	$13M
Operating Expenses	$161M
Cost & Expenses	$1.0B
OPERATING INCOME	$122M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$92M
Income Tax Expense	$33M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	-$2M
NET INCOME	$61M
Net Income Deductions	-$3M
BOTTOM LINE NET INCOME	$61M
D&A	$42M
EBIT	$122M
EBITDA	$164M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$10M
Other Non-Cash Items	$12M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$114M
Capital Expenditure	-$121M
Acquisitions (Net)	$0
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$83M
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	-$97M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	-$7M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$28M
Short-Term Investments	$0
Net Receivables	$193M
Inventory	$179M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$435M
PP&E (Net)	$443M
Goodwill	$57M
Intangible Assets	$0
Long-Term Investments	$18M
Tax Assets	$89M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$626M
TOTAL ASSETS	$1.1B
Account Payables	$144M
Short-Term Debt	$400.0K
Deferred Revenue	$96M
Other Current Liabilities	$78M
TOTAL CURRENT LIABILITIES	$244M
Long-Term Debt	$316M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$389M
TOTAL LIABILITIES	$633M
Common Stock	$1M
Additional Paid-In Capital	$513M
Retained Earnings	-$97M
Treasury Stock	-$22M
Accum. Other Comp. Income	$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$428M
Minority Interest	$0
TOTAL EQUITY	$428M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$316M
Net Debt	$288M