HXL FY 2016 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2016 Earnings

Reported February 9, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.9B	—	7.7%
Op. Income	$360M	—	$332M	—	8.3%
Gross Margin	28.2%	—	28.6%	—	-0.5pp
Net Margin	12.5%	—	12.7%	—	-0.3pp
EPS (Diluted)	$2.65	—	$2.44	—	8.6%
Free Cash Flow	$74M	—	-$4M	—	1809.3%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$565M
R&D Expenses	$47M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	-$400.0K
Operating Expenses	$205M
Cost & Expenses	$1.6B
OPERATING INCOME	$360M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$338M
Income Tax Expense	$90M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$250M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$94M
EBIT	$360M
EBITDA	$453M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$565M
R&D Expenses	$47M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$158M
Other Expenses	-$400.0K
Operating Expenses	$205M
Cost & Expenses	$1.6B
OPERATING INCOME	$360M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$338M
Income Tax Expense	$90M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$250M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$94M
EBIT	$360M
EBITDA	$453M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$250M
Depreciation & Amortization	$93M
Stock-Based Compensation	$16M
Deferred Income Tax	$63M
Other Non-Cash Items	-$800.0K
Change in Working Capital	-$20M
OPERATING CASH FLOW	$401M
Capital Expenditure	-$328M
Acquisitions (Net)	-$39M
Purchases of Investments	-$39M
Sales/Maturities of Investments	$0
Other Investing Activities	-$30M
NET CASH FROM INVESTING	-$367M
Net Debt Issuance	$106M
Common Stock Repurchased	-$111M
Common Dividends Paid	-$40M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$47M
FREE CASH FLOW	$74M
Net Change in Cash	-$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$246M
Inventory	$291M
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$607M
PP&E (Net)	$1.6B
Goodwill	$67M
Intangible Assets	$6M
Long-Term Investments	$53M
Tax Assets	$9M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.4B
Account Payables	$137M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$66M
TOTAL CURRENT LIABILITIES	$272M
Long-Term Debt	$684M
Deferred Revenue NC	-$123M
Deferred Tax Liabilities	$123M
Other Non-Current Liabilities	$199M
TOTAL NON-CURRENT LIABILITIES	$884M
TOTAL LIABILITIES	$1.2B
Common Stock	$1M
Additional Paid-In Capital	$739M
Retained Earnings	$1.3B
Treasury Stock	-$575M
Accum. Other Comp. Income	-$174M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$689M
Net Debt	$654M