HXL FY 2011 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2011 Earnings

Reported February 7, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	18.6%
Op. Income	$192M	—	$130M	—	47.9%
Gross Margin	24.6%	—	24.1%	—	0.5pp
Net Margin	9.7%	—	6.6%	—	3.1pp
EPS (Diluted)	$1.35	—	$0.77	—	75.3%
Free Cash Flow	$13M	—	$78M	—	-83.9%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$342M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$121M
Other Expenses	-$3M
Operating Expenses	$150M
Cost & Expenses	$1.2B
OPERATING INCOME	$192M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$176M
Income Tax Expense	$42M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$2M
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$55M
EBIT	$187M
EBITDA	$242M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.1B
GROSS PROFIT	$342M
R&D Expenses	$33M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$121M
Other Expenses	-$3M
Operating Expenses	$150M
Cost & Expenses	$1.2B
OPERATING INCOME	$192M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$176M
Income Tax Expense	$42M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$2M
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$55M
EBIT	$187M
EBITDA	$242M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$136M
Depreciation & Amortization	$55M
Stock-Based Compensation	$14M
Deferred Income Tax	$23M
Other Non-Cash Items	-$9M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$171M
Capital Expenditure	-$158M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	-$82M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$74M
FREE CASH FLOW	$13M
Net Change in Cash	-$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$0
Net Receivables	$199M
Inventory	$216M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$524M
PP&E (Net)	$722M
Goodwill	$0
Intangible Assets	$199M
Long-Term Investments	$22M
Tax Assets	$33M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$852M
TOTAL ASSETS	$1.4B
Account Payables	$142M
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$57M
TOTAL CURRENT LIABILITIES	$248M
Long-Term Debt	$307M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$326M
TOTAL LIABILITIES	$574M
Common Stock	$1M
Additional Paid-In Capital	$589M
Retained Earnings	$284M
Treasury Stock	-$32M
Accum. Other Comp. Income	-$40M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$802M
Minority Interest	$0
TOTAL EQUITY	$802M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$322M
Net Debt	$272M