LNN FY 2015 Earnings Report — Lindsay Corporation Revenue & Financial Results | Market Cap Arena

Lindsay CorporationLNN

FY 2015 Earnings

Reported October 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$560M	—	$618M	—	-9.3%
Op. Income	$51M	—	$78M	—	-35.3%
Gross Margin	27.9%	—	27.7%	—	0.2pp
Net Margin	4.7%	—	8.3%	—	-3.6pp
EPS (Diluted)	$2.22	—	$4.00	—	-44.5%
Free Cash Flow	$33M	—	$74M	—	-54.9%

Revenue Flow

Item	Amount
REVENUE	$560M
Cost of Revenue	$404M
GROSS PROFIT	$156M
R&D Expenses	$13M
Selling & Marketing	$41M
General & Administrative	$52M
SG&A Expenses	$93M
Other Expenses	$0
Operating Expenses	$106M
Cost & Expenses	$509M
OPERATING INCOME	$51M
Interest Income	$631.0K
Interest Expense	$3M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$47M
Income Tax Expense	$20M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$16M
EBIT	$51M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$560M
Cost of Revenue	$404M
GROSS PROFIT	$156M
R&D Expenses	$13M
Selling & Marketing	$41M
General & Administrative	$52M
SG&A Expenses	$93M
Other Expenses	$0
Operating Expenses	$106M
Cost & Expenses	$509M
OPERATING INCOME	$51M
Interest Income	$631.0K
Interest Expense	$3M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$47M
Income Tax Expense	$20M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$16M
EBIT	$51M
EBITDA	$66M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$16M
Stock-Based Compensation	$3M
Deferred Income Tax	$278.0K
Other Non-Cash Items	$11M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$15M
Acquisitions (Net)	-$70M
Purchases of Investments	-$1M
Sales/Maturities of Investments	$7M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$115M
Common Stock Repurchased	-$99M
Common Dividends Paid	-$13M
Other Financing Activities	$385.0K
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	$33M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$139M
Short-Term Investments	$0
Net Receivables	$74M
Inventory	$75M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$322M
PP&E (Net)	$79M
Goodwill	$77M
Intangible Assets	$52M
Long-Term Investments	-$16M
Tax Assets	$16M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$214M
TOTAL ASSETS	$536M
Account Payables	$39M
Short-Term Debt	$193.0K
Deferred Revenue	$9M
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$95M
Long-Term Debt	$117M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$153M
TOTAL LIABILITIES	$248M
Common Stock	$19M
Additional Paid-In Capital	$55M
Retained Earnings	$459M
Treasury Stock	-$229M
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$289M
Minority Interest	$0
TOTAL EQUITY	$289M
TOTAL LIABILITIES & EQUITY	$536M
Total Debt	$117M
Net Debt	-$22M