JHX FY 2019 Earnings Report — James Hardie Industries plc Revenue & Financial Results | Market Cap Arena

James Hardie Industries plcJHX

FY 2019 Earnings

Reported May 20, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.1B	—	22.0%
Op. Income	$352M	—	$229M	—	53.4%
Gross Margin	33.2%	—	35.5%	—	-2.4pp
Net Margin	9.1%	—	7.1%	—	2.0pp
EPS (Diluted)	$0.52	—	$0.33	—	57.6%
Free Cash Flow	-$14M	—	$98M	—	-113.7%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$831M
R&D Expenses	$38M
Selling & Marketing	$807M
General & Administrative	-$403M
SG&A Expenses	$404M
Other Expenses	$38M
Operating Expenses	$479M
Cost & Expenses	$2.2B
OPERATING INCOME	$352M
Interest Income	$4M
Interest Expense	$54M
Other Income/Expenses	-$51M
INCOME BEFORE TAX	$301M
Income Tax Expense	$72M
Net Income from Continuing Ops	$229M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$229M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$229M
D&A	$119M
EBIT	$351M
EBITDA	$470M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$831M
R&D Expenses	$38M
Selling & Marketing	$807M
General & Administrative	-$403M
SG&A Expenses	$404M
Other Expenses	$38M
Operating Expenses	$479M
Cost & Expenses	$2.2B
OPERATING INCOME	$352M
Interest Income	$4M
Interest Expense	$54M
Other Income/Expenses	-$51M
INCOME BEFORE TAX	$301M
Income Tax Expense	$72M
Net Income from Continuing Ops	$229M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$229M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$229M
D&A	$119M
EBIT	$351M
EBITDA	$470M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$229M
Depreciation & Amortization	$119M
Stock-Based Compensation	$13M
Deferred Income Tax	$13M
Other Non-Cash Items	-$54M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$288M
Capital Expenditure	-$318M
Acquisitions (Net)	-$559M
Purchases of Investments	-$89M
Sales/Maturities of Investments	$106M
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$848M
Net Debt Issuance	$542M
Common Stock Repurchased	$0
Common Dividends Paid	-$172M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	$364M
FREE CASH FLOW	-$14M
Net Change in Cash	-$190M

Balance Sheet

Item	Amount
Cash & Equivalents	$79M
Short-Term Investments	$0
Net Receivables	$243M
Inventory	$317M
Other Current Assets	$84M
TOTAL CURRENT ASSETS	$754M
PP&E (Net)	$1.4B
Goodwill	$201M
Intangible Assets	$174M
Long-Term Investments	$0
Tax Assets	$1.4B
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$4.0B
Account Payables	$142M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$122M
TOTAL CURRENT LIABILITIES	$483M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$80M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$3.1B
Common Stock	$230M
Additional Paid-In Capital	$198M
Retained Earnings	$577M
Treasury Stock	$0
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$974M
Minority Interest	$0
TOTAL EQUITY	$974M
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.4B
Net Debt	$1.3B