HXL FY 2012 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2012 Earnings

Reported February 8, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	13.3%
Op. Income	$249M	—	$192M	—	29.6%
Gross Margin	25.8%	—	24.6%	—	1.2pp
Net Margin	10.4%	—	9.7%	—	0.7pp
EPS (Diluted)	$1.61	—	$1.35	—	19.3%
Free Cash Flow	-$31M	—	$13M	—	-350.4%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$407M
R&D Expenses	$37M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	-$1M
Operating Expenses	$158M
Cost & Expenses	$1.3B
OPERATING INCOME	$249M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$238M
Income Tax Expense	$74M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$700.0K
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$57M
EBIT	$248M
EBITDA	$305M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$407M
R&D Expenses	$37M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	-$1M
Operating Expenses	$158M
Cost & Expenses	$1.3B
OPERATING INCOME	$249M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$238M
Income Tax Expense	$74M
Net Income from Continuing Ops	$164M
Net Income from Discontinued Ops	$0
Other Adjustments	$700.0K
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$57M
EBIT	$248M
EBITDA	$305M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$57M
Stock-Based Compensation	$16M
Deferred Income Tax	$31M
Other Non-Cash Items	-$9M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$232M
Capital Expenditure	-$264M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$258M
Net Debt Issuance	$5M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	-$31M
Net Change in Cash	-$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$0
Net Receivables	$229M
Inventory	$233M
Other Current Assets	$81M
TOTAL CURRENT ASSETS	$576M
PP&E (Net)	$914M
Goodwill	$54M
Intangible Assets	$4M
Long-Term Investments	$23M
Tax Assets	$15M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.6B
Account Payables	$116M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$235M
Long-Term Debt	$240M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$134M
TOTAL NON-CURRENT LIABILITIES	$374M
TOTAL LIABILITIES	$609M
Common Stock	$1M
Additional Paid-In Capital	$617M
Retained Earnings	$448M
Treasury Stock	-$40M
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$994M
Minority Interest	$0
TOTAL EQUITY	$994M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$257M
Net Debt	$224M