KNF FY 2021 Earnings Report — Knife River Corporation Revenue & Financial Results | Market Cap Arena

Knife River CorporationKNF

FY 2021 Earnings

Reported December 31, 2021

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	$2.2B	—	$2.2B	—	2.3%
Op. Income	$191M	—	$214M	—	-10.9%
Gross Margin	15.6%	—	17.0%	—	-1.4pp
Net Margin	5.8%	—	6.8%	—	-0.9pp
EPS (Diluted)	$2.29	—	$2.60	—	-11.9%
Free Cash Flow	$7M	—	$97M	—	-92.7%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$347M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$156M
Cost & Expenses	$2.0B
OPERATING INCOME	$191M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$173M
Income Tax Expense	$43M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$130M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$130M
D&A	$101M
EBIT	$192M
EBITDA	$293M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.9B
GROSS PROFIT	$347M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$156M
Cost & Expenses	$2.0B
OPERATING INCOME	$191M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$173M
Income Tax Expense	$43M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$130M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$130M
D&A	$101M
EBIT	$192M
EBITDA	$293M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$130M
Depreciation & Amortization	$93M
Stock-Based Compensation	$2M
Deferred Income Tax	$33M
Other Non-Cash Items	-$12M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$181M
Capital Expenditure	-$174M
Acquisitions (Net)	-$235M
Purchases of Investments	-$837.0K
Sales/Maturities of Investments	$174M
Other Investing Activities	-$162M
NET CASH FROM INVESTING	-$398M
Net Debt Issuance	$282M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$58M
NET CASH FROM FINANCING	$224M
FREE CASH FLOW	$7M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$0
Net Receivables	$197M
Inventory	$291M
Other Current Assets	$41M
TOTAL CURRENT ASSETS	$543M
PP&E (Net)	$1.3B
Goodwill	$276M
Intangible Assets	$16M
Long-Term Investments	$38M
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.2B
Account Payables	$83M
Short-Term Debt	$108M
Deferred Revenue	$32M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$357M
Long-Term Debt	$576M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$169M
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$872M
TOTAL LIABILITIES	$1.2B
Common Stock	$800.0K
Additional Paid-In Capital	$550M
Retained Earnings	$430M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$953M
Minority Interest	$0
TOTAL EQUITY	$953M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$735M
Net Debt	$721M