KALU FY 2014 Earnings Report — Kaiser Aluminum Corporation Revenue & Financial Results | Market Cap Arena

Kaiser Aluminum CorporationKALU

FY 2014 Earnings

Reported February 19, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	4.5%
Op. Income	$138M	—	$173M	—	-20.4%
Gross Margin	14.5%	—	17.8%	—	-3.3pp
Net Margin	5.3%	—	8.1%	—	-2.8pp
EPS (Diluted)	$3.86	—	$5.44	—	-29.0%
Free Cash Flow	$65M	—	$41M	—	56.7%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$197M
R&D Expenses	$81M
Selling & Marketing	$0
General & Administrative	$81M
SG&A Expenses	$81M
Other Expenses	$30M
Operating Expenses	$83M
Cost & Expenses	$1.2B
OPERATING INCOME	$138M
Interest Income	$1M
Interest Expense	$38M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$107M
Income Tax Expense	$35M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$31M
EBIT	$139M
EBITDA	$171M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$197M
R&D Expenses	$81M
Selling & Marketing	$0
General & Administrative	$81M
SG&A Expenses	$81M
Other Expenses	$30M
Operating Expenses	$83M
Cost & Expenses	$1.2B
OPERATING INCOME	$138M
Interest Income	$1M
Interest Expense	$38M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$107M
Income Tax Expense	$35M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$31M
EBIT	$139M
EBITDA	$171M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$31M
Stock-Based Compensation	$7M
Deferred Income Tax	$34M
Other Non-Cash Items	-$19M
Change in Working Capital	-$800.0K
OPERATING CASH FLOW	$124M
Capital Expenditure	-$59M
Acquisitions (Net)	$59M
Purchases of Investments	-$94M
Sales/Maturities of Investments	$108M
Other Investing Activities	-$59M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	-$100.0K
Common Stock Repurchased	-$47M
Common Dividends Paid	-$25M
Other Financing Activities	$800.0K
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$65M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$178M
Short-Term Investments	$114M
Net Receivables	$140M
Inventory	$215M
Other Current Assets	$177M
TOTAL CURRENT ASSETS	$825M
PP&E (Net)	$455M
Goodwill	$37M
Intangible Assets	$32M
Long-Term Investments	$340M
Tax Assets	$31M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$919M
TOTAL ASSETS	$1.7B
Account Payables	$81M
Short-Term Debt	$173M
Deferred Revenue	$200.0K
Other Current Liabilities	$114M
TOTAL CURRENT LIABILITIES	$426M
Long-Term Debt	$225M
Deferred Revenue NC	$500.0K
Deferred Tax Liabilities	$900.0K
Other Non-Current Liabilities	$75M
TOTAL NON-CURRENT LIABILITIES	$301M
TOTAL LIABILITIES	$728M
Common Stock	$200.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$280M
Treasury Stock	-$197M
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$398M
Net Debt	$220M