HXL FY 2022 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

FY 2022 Earnings

Reported February 8, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.3B	—	19.1%
Op. Income	$175M	—	$52M	—	238.2%
Gross Margin	22.6%	—	18.9%	—	3.8pp
Net Margin	8.0%	—	1.2%	—	6.8pp
EPS (Diluted)	$1.49	—	$0.19	—	684.2%
Free Cash Flow	$97M	—	$124M	—	-21.8%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$357M
R&D Expenses	$46M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$148M
Other Expenses	-$12M
Operating Expenses	$182M
Cost & Expenses	$1.4B
OPERATING INCOME	$175M
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$158M
Income Tax Expense	$32M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$126M
EBIT	$186M
EBITDA	$312M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$357M
R&D Expenses	$46M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$148M
Other Expenses	-$12M
Operating Expenses	$182M
Cost & Expenses	$1.4B
OPERATING INCOME	$175M
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$158M
Income Tax Expense	$32M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$126M
EBIT	$186M
EBITDA	$312M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$126M
Stock-Based Compensation	$20M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$26M
Change in Working Capital	-$70M
OPERATING CASH FLOW	$173M
Capital Expenditure	-$76M
Acquisitions (Net)	$21M
Purchases of Investments	-$21M
Sales/Maturities of Investments	$500.0K
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	-$101M
Common Stock Repurchased	$0
Common Dividends Paid	-$34M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$130M
FREE CASH FLOW	$97M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$0
Net Receivables	$255M
Inventory	$319M
Other Current Assets	$48M
TOTAL CURRENT ASSETS	$734M
PP&E (Net)	$1.7B
Goodwill	$187M
Intangible Assets	$69M
Long-Term Investments	$48M
Tax Assets	$126M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.8B
Account Payables	$156M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$330M
Long-Term Debt	$723M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$126M
Other Non-Current Liabilities	$64M
TOTAL NON-CURRENT LIABILITIES	$953M
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$905M
Retained Earnings	$2.1B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$174M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$773M
Net Debt	$661M