KALU FY 2016 Earnings Report — Kaiser Aluminum Corporation Revenue & Financial Results | Market Cap Arena

Kaiser Aluminum CorporationKALU

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.4B	—	-4.4%
Op. Income	$178M	—	-$346M	—	151.4%
Gross Margin	21.7%	—	17.1%	—	4.6pp
Net Margin	6.9%	—	-17.0%	—	23.9pp
EPS (Diluted)	$5.09	—	$-13.76	—	137.0%
Free Cash Flow	$88M	—	$96M	—	-7.8%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$289M
R&D Expenses	$105M
Selling & Marketing	$400.0K
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	-$14M
Operating Expenses	$108M
Cost & Expenses	$1.1B
OPERATING INCOME	$178M
Interest Income	$100.0K
Interest Expense	$20M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$36M
EBIT	$181M
EBITDA	$217M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$289M
R&D Expenses	$105M
Selling & Marketing	$400.0K
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	-$14M
Operating Expenses	$108M
Cost & Expenses	$1.1B
OPERATING INCOME	$178M
Interest Income	$100.0K
Interest Expense	$20M
Other Income/Expenses	-$34M
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$36M
EBIT	$181M
EBITDA	$217M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$36M
Stock-Based Compensation	$12M
Deferred Income Tax	$57M
Other Non-Cash Items	-$13M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$76M
Acquisitions (Net)	$76M
Purchases of Investments	-$255M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$76M
NET CASH FROM INVESTING	-$276M
Net Debt Issuance	$169M
Common Stock Repurchased	-$33M
Common Dividends Paid	-$32M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	$95M
FREE CASH FLOW	$88M
Net Change in Cash	-$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$55M
Short-Term Investments	$231M
Net Receivables	$150M
Inventory	$202M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$656M
PP&E (Net)	$531M
Goodwill	$37M
Intangible Assets	$26M
Long-Term Investments	$13M
Tax Assets	$160M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$788M
TOTAL ASSETS	$1.4B
Account Payables	$76M
Short-Term Debt	$0
Deferred Revenue	$200.0K
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$165M
Long-Term Debt	$369M
Deferred Revenue NC	$100.0K
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$474M
TOTAL LIABILITIES	$639M
Common Stock	$200.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$75M
Treasury Stock	-$281M
Accum. Other Comp. Income	-$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$805M
Minority Interest	$0
TOTAL EQUITY	$805M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$369M
Net Debt	$314M