HXL Q2 2016 Earnings Report — Hexcel Corporation Revenue & Financial Results | Market Cap Arena

Hexcel CorporationHXL

Q2 2016 Earnings

Reported July 20, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$523M	$498M	—	5.0%	—
Op. Income	$100M	$84M	—	19.3%	—
Gross Margin	28.8%	28.7%	—	0.0pp	—
Net Margin	12.6%	11.3%	—	1.4pp	—
EPS (Diluted)	$0.70	$0.59	—	18.6%	—
Free Cash Flow	$54M	-$75M	—	171.9%	—

Revenue Flow

Item	Amount
REVENUE	$523M
Cost of Revenue	$372M
GROSS PROFIT	$150M
R&D Expenses	$12M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$39M
Other Expenses	-$400.0K
Operating Expenses	$50M
Cost & Expenses	$423M
OPERATING INCOME	$100M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$94M
Income Tax Expense	$29M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$23M
EBIT	$100M
EBITDA	$123M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$523M
Cost of Revenue	$372M
GROSS PROFIT	$150M
R&D Expenses	$12M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$39M
Other Expenses	-$400.0K
Operating Expenses	$50M
Cost & Expenses	$423M
OPERATING INCOME	$100M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$94M
Income Tax Expense	$29M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$23M
EBIT	$100M
EBITDA	$123M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$23M
Stock-Based Compensation	$2M
Deferred Income Tax	$12M
Other Non-Cash Items	$800.0K
Change in Working Capital	$21M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$71M
Acquisitions (Net)	-$25M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$30M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	$19M
Common Stock Repurchased	-$20M
Common Dividends Paid	-$10M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$13M
FREE CASH FLOW	$54M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$0
Net Receivables	$290M
Inventory	$332M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$685M
PP&E (Net)	$1.5B
Goodwill	$0
Intangible Assets	$75M
Long-Term Investments	$48M
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.4B
Account Payables	$140M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$272M
Long-Term Debt	$707M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$166M
TOTAL NON-CURRENT LIABILITIES	$873M
TOTAL LIABILITIES	$1.1B
Common Stock	$1M
Additional Paid-In Capital	$730M
Retained Earnings	$1.1B
Treasury Stock	-$519M
Accum. Other Comp. Income	-$135M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$708M
Net Debt	$669M