HXL FY 2017 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2017 Earnings

Reported February 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.0B	—	$2.0B	—	-1.5%
Op. Income	$351M	—	$360M	—	-2.6%
Gross Margin	28.0%	—	28.2%	—	-0.2pp
Net Margin	14.4%	—	12.5%	—	1.9pp
EPS (Diluted)	$3.09	—	$2.65	—	16.6%
Free Cash Flow	$151M	—	$74M	—	104.9%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$552M
R&D Expenses	$49M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$152M
Other Expenses	$0
Operating Expenses	$201M
Cost & Expenses	$1.6B
OPERATING INCOME	$351M
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$323M
Income Tax Expense	$43M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$284M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$284M
D&A	$105M
EBIT	$351M
EBITDA	$455M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$552M
R&D Expenses	$49M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$152M
Other Expenses	$0
Operating Expenses	$201M
Cost & Expenses	$1.6B
OPERATING INCOME	$351M
Interest Income	$0
Interest Expense	$27M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$323M
Income Tax Expense	$43M
Net Income from Continuing Ops	$284M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$284M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$284M
D&A	$105M
EBIT	$351M
EBITDA	$455M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$284M
Depreciation & Amortization	$105M
Stock-Based Compensation	$18M
Deferred Income Tax	$4M
Other Non-Cash Items	-$3M
Change in Working Capital	$21M
OPERATING CASH FLOW	$429M
Capital Expenditure	-$278M
Acquisitions (Net)	-$76M
Purchases of Investments	-$76M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$354M
Net Debt Issuance	$116M
Common Stock Repurchased	-$150M
Common Dividends Paid	-$43M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$151M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$249M
Inventory	$314M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$657M
PP&E (Net)	$1.9B
Goodwill	$110M
Intangible Assets	$39M
Long-Term Investments	$48M
Tax Assets	$14M
Other Non-Current Assets	$47M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.8B
Account Payables	$144M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$262M
Long-Term Debt	$806M
Deferred Revenue NC	-$129M
Deferred Tax Liabilities	$129M
Other Non-Current Liabilities	$218M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$774M
Retained Earnings	$1.5B
Treasury Stock	-$731M
Accum. Other Comp. Income	-$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$810M
Net Debt	$750M