JHX FY 2021 Earnings Report — James Hardie Industries plc Revenue & Financial Results | Market Cap Arena

James Hardie Industries plcJHX

FY 2021 Earnings

Reported May 18, 2021

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	$2.9B	—	$2.6B	—	11.6%
Op. Income	$473M	—	$343M	—	38.0%
Gross Margin	36.2%	—	35.8%	—	0.3pp
Net Margin	9.0%	—	9.3%	—	-0.2pp
EPS (Diluted)	$0.59	—	$0.54	—	9.3%
Free Cash Flow	$676M	—	$257M	—	162.7%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.1B
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$155M
Operating Expenses	$579M
Cost & Expenses	$2.4B
OPERATING INCOME	$473M
Interest Income	$700.0K
Interest Expense	$49M
Other Income/Expenses	-$61M
INCOME BEFORE TAX	$412M
Income Tax Expense	$149M
Net Income from Continuing Ops	$263M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$263M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$263M
D&A	$135M
EBIT	$460M
EBITDA	$595M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.1B
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$390M
Other Expenses	$155M
Operating Expenses	$579M
Cost & Expenses	$2.4B
OPERATING INCOME	$473M
Interest Income	$700.0K
Interest Expense	$49M
Other Income/Expenses	-$61M
INCOME BEFORE TAX	$412M
Income Tax Expense	$149M
Net Income from Continuing Ops	$263M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$263M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$263M
D&A	$135M
EBIT	$460M
EBITDA	$595M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$263M
Depreciation & Amortization	$135M
Stock-Based Compensation	$18M
Deferred Income Tax	$86M
Other Non-Cash Items	$84M
Change in Working Capital	$201M
OPERATING CASH FLOW	$787M
Capital Expenditure	-$111M
Acquisitions (Net)	$0
Purchases of Investments	-$25M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	-$531M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$540M
FREE CASH FLOW	$676M
Net Change in Cash	$133M

Balance Sheet

Item	Amount
Cash & Equivalents	$209M
Short-Term Investments	$0
Net Receivables	$291M
Inventory	$218M
Other Current Assets	$187M
TOTAL CURRENT ASSETS	$944M
PP&E (Net)	$1.4B
Goodwill	$209M
Intangible Assets	$174M
Long-Term Investments	$0
Tax Assets	$1.3B
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$4.1B
Account Payables	$174M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$157M
TOTAL CURRENT LIABILITIES	$901M
Long-Term Debt	$859M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.0B
Common Stock	$231M
Additional Paid-In Capital	$225M
Retained Earnings	$611M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$923M
Net Debt	$714M