HXL FY 2021 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2021 Earnings

Reported February 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.5B	—	-11.8%
Op. Income	$52M	—	$14M	—	267.4%
Gross Margin	18.9%	—	16.0%	—	2.9pp
Net Margin	1.2%	—	2.1%	—	-0.9pp
EPS (Diluted)	$0.19	—	$0.38	—	-50.0%
Free Cash Flow	$124M	—	$214M	—	-42.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$250M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$135M
Other Expenses	$18M
Operating Expenses	$198M
Cost & Expenses	$1.3B
OPERATING INCOME	$52M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$22M
Income Tax Expense	$6M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$138M
EBIT	$60M
EBITDA	$198M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$250M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$135M
Other Expenses	$18M
Operating Expenses	$198M
Cost & Expenses	$1.3B
OPERATING INCOME	$52M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$22M
Income Tax Expense	$6M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$138M
EBIT	$60M
EBITDA	$198M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$138M
Stock-Based Compensation	$19M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$500.0K
Change in Working Capital	-$18M
OPERATING CASH FLOW	$152M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	-$104M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$97M
FREE CASH FLOW	$124M
Net Change in Cash	$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$128M
Short-Term Investments	$0
Net Receivables	$191M
Inventory	$246M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$616M
PP&E (Net)	$1.7B
Goodwill	$191M
Intangible Assets	$77M
Long-Term Investments	$45M
Tax Assets	$0
Other Non-Current Assets	$145M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$2.8B
Account Payables	$113M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$60M
TOTAL CURRENT LIABILITIES	$248M
Long-Term Debt	$821M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$140M
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$879M
Retained Earnings	$2.0B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$127M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$823M
Net Debt	$696M