KN FY 2021 Earnings Report — Knowles Corporation Revenue & Financial Results | Market Cap Arena

Knowles CorporationKN

FY 2021 Earnings

Reported February 9, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$868M	—	—	—	—
Op. Income	$118M	—	—	—	—
Gross Margin	39.3%	—	—	—	—
Net Margin	17.3%	—	—	—	—
EPS (Diluted)	$1.59	—	—	—	—
Free Cash Flow	$134M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$868M
Cost of Revenue	$527M
GROSS PROFIT	$342M
R&D Expenses	$93M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$750M
OPERATING INCOME	$118M
Interest Income	$200.0K
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$105M
Income Tax Expense	-$46M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$200.0K
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$150M
D&A	$63M
EBIT	$119M
EBITDA	$182M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$868M
Cost of Revenue	$527M
GROSS PROFIT	$342M
R&D Expenses	$93M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$750M
OPERATING INCOME	$118M
Interest Income	$200.0K
Interest Expense	$14M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$105M
Income Tax Expense	-$46M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$200.0K
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$150M
D&A	$63M
EBIT	$119M
EBITDA	$182M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$150M
Depreciation & Amortization	$63M
Stock-Based Compensation	$0
Deferred Income Tax	-$61M
Other Non-Cash Items	$44M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$182M
Capital Expenditure	-$49M
Acquisitions (Net)	-$78M
Purchases of Investments	-$4M
Sales/Maturities of Investments	$400.0K
Other Investing Activities	$0
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$68M
Common Stock Repurchased	-$45M
Common Dividends Paid	$0
Other Financing Activities	-$180M
NET CASH FROM FINANCING	-$131M
FREE CASH FLOW	$134M
Net Change in Cash	-$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$0
Net Receivables	$147M
Inventory	$153M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$380M
PP&E (Net)	$218M
Goodwill	$941M
Intangible Assets	$97M
Long-Term Investments	$6M
Tax Assets	$81M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.7B
Account Payables	$91M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$166M
Long-Term Debt	$70M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$109M
TOTAL LIABILITIES	$275M
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	-$18M
Treasury Stock	-$62M
Accum. Other Comp. Income	-$100M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$102M
Net Debt	$34M