KALU FY 2013 Earnings Report — Kaiser Aluminum Corporation Revenue & Financial Results | Market Cap Arena

Kaiser Aluminum CorporationKALU

FY 2013 Earnings

Reported February 18, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.4B	—	-4.6%
Op. Income	$173M	—	$166M	—	4.5%
Gross Margin	17.8%	—	17.1%	—	0.7pp
Net Margin	8.1%	—	6.3%	—	1.8pp
EPS (Diluted)	$5.44	—	$4.45	—	22.2%
Free Cash Flow	$41M	—	$108M	—	-61.9%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$231M
R&D Expenses	$58M
Selling & Marketing	$1M
General & Administrative	$57M
SG&A Expenses	$58M
Other Expenses	$0
Operating Expenses	$58M
Cost & Expenses	$1.1B
OPERATING INCOME	$173M
Interest Income	$400.0K
Interest Expense	$36M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$143M
Income Tax Expense	$38M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$28M
EBIT	$173M
EBITDA	$201M
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$231M
R&D Expenses	$58M
Selling & Marketing	$1M
General & Administrative	$57M
SG&A Expenses	$58M
Other Expenses	$0
Operating Expenses	$58M
Cost & Expenses	$1.1B
OPERATING INCOME	$173M
Interest Income	$400.0K
Interest Expense	$36M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$143M
Income Tax Expense	$38M
Net Income from Continuing Ops	$105M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$105M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$105M
D&A	$28M
EBIT	$173M
EBITDA	$201M
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$105M
Depreciation & Amortization	$28M
Stock-Based Compensation	$7M
Deferred Income Tax	$55M
Other Non-Cash Items	-$50M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$70M
Acquisitions (Net)	$0
Purchases of Investments	-$228M
Sales/Maturities of Investments	$183M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	-$100.0K
Common Stock Repurchased	-$81M
Common Dividends Paid	-$23M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$102M
FREE CASH FLOW	$41M
Net Change in Cash	-$104M

Balance Sheet

Item	Amount
Cash & Equivalents	$170M
Short-Term Investments	$130M
Net Receivables	$133M
Inventory	$214M
Other Current Assets	$177M
TOTAL CURRENT ASSETS	$691M
PP&E (Net)	$429M
Goodwill	$37M
Intangible Assets	$34M
Long-Term Investments	$501M
Tax Assets	$69M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.8B
Account Payables	$63M
Short-Term Debt	$0
Deferred Revenue	$86M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$151M
Long-Term Debt	$389M
Deferred Revenue NC	$144M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$146M
TOTAL NON-CURRENT LIABILITIES	$536M
TOTAL LIABILITIES	$687M
Common Stock	$200.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$234M
Treasury Stock	-$152M
Accum. Other Comp. Income	-$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$389M
Net Debt	$219M