HXL FY 2009 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2009 Earnings

Reported February 10, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.3B	—	-16.3%
Op. Income	$104M	—	$135M	—	-23.0%
Gross Margin	22.4%	—	21.8%	—	0.6pp
Net Margin	5.1%	—	8.4%	—	-3.3pp
EPS (Diluted)	$0.57	—	$1.14	—	-50.0%
Free Cash Flow	$74M	—	-$78M	—	194.9%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$860M
GROSS PROFIT	$249M
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$107M
Other Expenses	$0
Operating Expenses	$137M
Cost & Expenses	$997M
OPERATING INCOME	$104M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$78M
Income Tax Expense	$22M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$52M
EBIT	$104M
EBITDA	$150M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$860M
GROSS PROFIT	$249M
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$107M
Other Expenses	$0
Operating Expenses	$137M
Cost & Expenses	$997M
OPERATING INCOME	$104M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$78M
Income Tax Expense	$22M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$52M
EBIT	$104M
EBITDA	$150M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$52M
Stock-Based Compensation	$8M
Deferred Income Tax	$20M
Other Non-Cash Items	-$3M
Change in Working Capital	$40M
OPERATING CASH FLOW	$173M
Capital Expenditure	-$98M
Acquisitions (Net)	-$6M
Purchases of Investments	-$6M
Sales/Maturities of Investments	$104M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$700.0K
NET CASH FROM FINANCING	-$13M
FREE CASH FLOW	$74M
Net Change in Cash	$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$110M
Short-Term Investments	$0
Net Receivables	$158M
Inventory	$157M
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$461M
PP&E (Net)	$602M
Goodwill	$158M
Intangible Assets	$0
Long-Term Investments	$18M
Tax Assets	$86M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$786M
TOTAL ASSETS	$1.2B
Account Payables	$74M
Short-Term Debt	$34M
Deferred Revenue	$0
Other Current Liabilities	$50M
TOTAL CURRENT LIABILITIES	$202M
Long-Term Debt	$359M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$111M
TOTAL NON-CURRENT LIABILITIES	$469M
TOTAL LIABILITIES	$671M
Common Stock	$1M
Additional Paid-In Capital	$535M
Retained Earnings	$71M
Treasury Stock	-$25M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$576M
Minority Interest	$0
TOTAL EQUITY	$576M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$392M
Net Debt	$282M