KN FY 2013 Earnings Report — Knowles Corporation Revenue & Financial Results | Market Cap Arena

Knowles CorporationKN

FY 2013 Earnings

Reported March 28, 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	$1.2B	—	$1.1B	—	8.7%
Op. Income	$160M	—	$142M	—	12.8%
Gross Margin	32.1%	—	36.4%	—	-4.3pp
Net Margin	8.7%	—	7.1%	—	1.6pp
EPS (Diluted)	$1.24	—	$0.93	—	33.3%
Free Cash Flow	$69M	—	$44M	—	57.2%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$825M
GROSS PROFIT	$390M
R&D Expenses	$83M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$147M
Other Expenses	$0
Operating Expenses	$230M
Cost & Expenses	$1.1B
OPERATING INCOME	$160M
Interest Income	$0
Interest Expense	$42M
Other Income/Expenses	-$59M
INCOME BEFORE TAX	$102M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$131M
EBIT	$144M
EBITDA	$274M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$825M
GROSS PROFIT	$390M
R&D Expenses	$83M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$147M
Other Expenses	$0
Operating Expenses	$230M
Cost & Expenses	$1.1B
OPERATING INCOME	$160M
Interest Income	$0
Interest Expense	$42M
Other Income/Expenses	-$59M
INCOME BEFORE TAX	$102M
Income Tax Expense	-$4M
Net Income from Continuing Ops	$106M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$106M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$106M
D&A	$131M
EBIT	$144M
EBITDA	$274M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$106M
Depreciation & Amortization	$131M
Stock-Based Compensation	$0
Deferred Income Tax	-$30M
Other Non-Cash Items	$11M
Change in Working Capital	-$44M
OPERATING CASH FLOW	$174M
Capital Expenditure	-$105M
Acquisitions (Net)	$5M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$109M
Net Debt Issuance	-$574M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$603M
NET CASH FROM FINANCING	$29M
FREE CASH FLOW	$69M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$106M
Short-Term Investments	$0
Net Receivables	$225M
Inventory	$149M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$502M
PP&E (Net)	$361M
Goodwill	$962M
Intangible Assets	$318M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.2B
Account Payables	$144M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$210M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$71M
TOTAL LIABILITIES	$283M
Common Stock	$1.9B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$1.9B
Other Equity	$1.9B
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$2M
Net Debt	-$103M