KALU FY 2018 Earnings Report — Kaiser Aluminum Corporation Revenue & Financial Results | Market Cap Arena

Kaiser Aluminum CorporationKALU

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.4B	—	13.5%
Op. Income	$144M	—	$151M	—	-4.7%
Gross Margin	15.2%	—	19.5%	—	-4.2pp
Net Margin	5.8%	—	3.2%	—	2.5pp
EPS (Diluted)	$5.43	—	$2.63	—	106.5%
Free Cash Flow	$76M	—	$66M	—	15.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$241M
R&D Expenses	$96M
Selling & Marketing	$300.0K
General & Administrative	$96M
SG&A Expenses	$96M
Other Expenses	-$900.0K
Operating Expenses	$98M
Cost & Expenses	$1.4B
OPERATING INCOME	$144M
Interest Income	$300.0K
Interest Expense	$23M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$120M
Income Tax Expense	$28M
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	$44M
EBIT	$139M
EBITDA	$183M
EPS	$6
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$241M
R&D Expenses	$96M
Selling & Marketing	$300.0K
General & Administrative	$96M
SG&A Expenses	$96M
Other Expenses	-$900.0K
Operating Expenses	$98M
Cost & Expenses	$1.4B
OPERATING INCOME	$144M
Interest Income	$300.0K
Interest Expense	$23M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$120M
Income Tax Expense	$28M
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	$44M
EBIT	$139M
EBITDA	$183M
EPS	$6
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$44M
Stock-Based Compensation	$10M
Deferred Income Tax	$37M
Other Non-Cash Items	$12M
Change in Working Capital	-$45M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$74M
Acquisitions (Net)	-$43M
Purchases of Investments	-$136M
Sales/Maturities of Investments	$284M
Other Investing Activities	$600.0K
NET CASH FROM INVESTING	$31M
Net Debt Issuance	-$700.0K
Common Stock Repurchased	-$61M
Common Dividends Paid	-$38M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$106M
FREE CASH FLOW	$76M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$37M
Net Receivables	$260M
Inventory	$215M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$657M
PP&E (Net)	$612M
Goodwill	$44M
Intangible Assets	$32M
Long-Term Investments	$15M
Tax Assets	$36M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$763M
TOTAL ASSETS	$1.4B
Account Payables	$121M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$1M
TOTAL CURRENT LIABILITIES	$206M
Long-Term Debt	$370M
Deferred Revenue NC	$32M
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$93M
TOTAL NON-CURRENT LIABILITIES	$473M
TOTAL LIABILITIES	$679M
Common Stock	$200.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$150M
Treasury Stock	-$421M
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$740M
Minority Interest	$0
TOTAL EQUITY	$740M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$370M
Net Debt	$245M