HXL FY 2014 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2014 Earnings

Reported February 5, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.7B	—	10.6%
Op. Income	$306M	—	$271M	—	12.9%
Gross Margin	27.4%	—	27.1%	—	0.4pp
Net Margin	11.3%	—	11.2%	—	0.1pp
EPS (Diluted)	$2.12	—	$1.84	—	15.2%
Free Cash Flow	$58M	—	$78M	—	-25.8%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$509M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$149M
Other Expenses	-$500.0K
Operating Expenses	$203M
Cost & Expenses	$1.5B
OPERATING INCOME	$306M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$297M
Income Tax Expense	$89M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$209M
D&A	$71M
EBIT	$305M
EBITDA	$383M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$509M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$149M
Other Expenses	-$500.0K
Operating Expenses	$203M
Cost & Expenses	$1.5B
OPERATING INCOME	$306M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$297M
Income Tax Expense	$89M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$209M
D&A	$71M
EBIT	$305M
EBITDA	$383M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$209M
Depreciation & Amortization	$71M
Stock-Based Compensation	$17M
Deferred Income Tax	$40M
Other Non-Cash Items	-$6M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$318M
Capital Expenditure	-$260M
Acquisitions (Net)	-$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$270M
Net Debt Issuance	$121M
Common Stock Repurchased	-$160M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$58M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$0
Net Receivables	$234M
Inventory	$290M
Other Current Assets	$72M
TOTAL CURRENT ASSETS	$682M
PP&E (Net)	$1.2B
Goodwill	$54M
Intangible Assets	$6M
Long-Term Investments	$34M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.0B
Account Payables	$175M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$311M
Long-Term Debt	$415M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$161M
TOTAL NON-CURRENT LIABILITIES	$576M
TOTAL LIABILITIES	$887M
Common Stock	$1M
Additional Paid-In Capital	$679M
Retained Earnings	$846M
Treasury Stock	-$305M
Accum. Other Comp. Income	-$70M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$416M
Net Debt	$345M