HXL FY 2018 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2018 Earnings

Reported February 6, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.0B	—	10.9%
Op. Income	$371M	—	$351M	—	5.9%
Gross Margin	26.5%	—	28.0%	—	-1.4pp
Net Margin	12.6%	—	14.4%	—	-1.8pp
EPS (Diluted)	$3.11	—	$3.09	—	0.6%
Free Cash Flow	$237M	—	$151M	—	57.6%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$581M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$146M
Other Expenses	$8M
Operating Expenses	$210M
Cost & Expenses	$1.8B
OPERATING INCOME	$371M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$334M
Income Tax Expense	$63M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$277M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$277M
D&A	$123M
EBIT	$371M
EBITDA	$371M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$581M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$146M
Other Expenses	$8M
Operating Expenses	$210M
Cost & Expenses	$1.8B
OPERATING INCOME	$371M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$334M
Income Tax Expense	$63M
Net Income from Continuing Ops	$277M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$277M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$277M
D&A	$123M
EBIT	$371M
EBITDA	$371M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$277M
Depreciation & Amortization	$123M
Stock-Based Compensation	$16M
Deferred Income Tax	$29M
Other Non-Cash Items	$4M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$421M
Capital Expenditure	-$184M
Acquisitions (Net)	-$3M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$188M
Net Debt Issuance	$148M
Common Stock Repurchased	-$358M
Common Dividends Paid	-$48M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$257M
FREE CASH FLOW	$237M
Net Change in Cash	-$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$0
Net Receivables	$311M
Inventory	$298M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$676M
PP&E (Net)	$1.9B
Goodwill	$108M
Intangible Assets	$35M
Long-Term Investments	$49M
Tax Assets	$32M
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.8B
Account Payables	$162M
Short-Term Debt	$9M
Deferred Revenue	$0
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$327M
Long-Term Debt	$947M
Deferred Revenue NC	-$145M
Deferred Tax Liabilities	$145M
Other Non-Current Liabilities	$83M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.5B
Common Stock	$1M
Additional Paid-In Capital	$798M
Retained Earnings	$1.7B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$108M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$957M
Net Debt	$924M