HXL FY 2015 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2015 Earnings

Reported February 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.9B	—	0.3%
Op. Income	$332M	—	$306M	—	8.7%
Gross Margin	28.6%	—	27.4%	—	1.2pp
Net Margin	12.7%	—	11.3%	—	1.5pp
EPS (Diluted)	$2.44	—	$2.12	—	15.1%
Free Cash Flow	-$4M	—	$58M	—	-107.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$533M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$200M
Cost & Expenses	$1.5B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$318M
Income Tax Expense	$83M
Net Income from Continuing Ops	$237M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$237M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$237M
D&A	$76M
EBIT	$332M
EBITDA	$409M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$533M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$200M
Cost & Expenses	$1.5B
OPERATING INCOME	$332M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$318M
Income Tax Expense	$83M
Net Income from Continuing Ops	$237M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$237M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$237M
D&A	$76M
EBIT	$332M
EBITDA	$409M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$237M
Depreciation & Amortization	$76M
Stock-Based Compensation	$18M
Deferred Income Tax	$53M
Other Non-Cash Items	-$10M
Change in Working Capital	-$74M
OPERATING CASH FLOW	$301M
Capital Expenditure	-$305M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$305M
Net Debt Issuance	$164M
Common Stock Repurchased	-$146M
Common Dividends Paid	-$38M
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	-$4M
Net Change in Cash	-$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$52M
Short-Term Investments	$0
Net Receivables	$234M
Inventory	$307M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$634M
PP&E (Net)	$1.4B
Goodwill	$53M
Intangible Assets	$6M
Long-Term Investments	$30M
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.2B
Account Payables	$149M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$293M
Long-Term Debt	$577M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$715M
TOTAL LIABILITIES	$1.0B
Common Stock	$1M
Additional Paid-In Capital	$716M
Retained Earnings	$1.0B
Treasury Stock	-$458M
Accum. Other Comp. Income	-$124M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$577M
Net Debt	$525M