MOG-A FY 2014 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported November 10, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.6B	—	1.5%
Op. Income	$255M	—	$252M	—	0.9%
Gross Margin	30.1%	—	30.0%	—	0.1pp
Net Margin	6.0%	—	4.6%	—	1.4pp
EPS (Diluted)	$3.52	—	$2.63	—	33.8%
Free Cash Flow	$208M	—	$158M	—	31.8%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.9B
GROSS PROFIT	$798M
R&D Expenses	$139M
Selling & Marketing	-$13.0K
General & Administrative	$404M
SG&A Expenses	$403M
Other Expenses	$0
Operating Expenses	$543M
Cost & Expenses	$2.4B
OPERATING INCOME	$255M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$219M
Income Tax Expense	$61M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$158M
D&A	$109M
EBIT	$231M
EBITDA	$364M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.9B
GROSS PROFIT	$798M
R&D Expenses	$139M
Selling & Marketing	-$13.0K
General & Administrative	$404M
SG&A Expenses	$403M
Other Expenses	$0
Operating Expenses	$543M
Cost & Expenses	$2.4B
OPERATING INCOME	$255M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$36M
INCOME BEFORE TAX	$219M
Income Tax Expense	$61M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$158M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$158M
D&A	$109M
EBIT	$231M
EBITDA	$364M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$158M
Depreciation & Amortization	$109M
Stock-Based Compensation	$7M
Deferred Income Tax	$5M
Other Non-Cash Items	$15M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$287M
Capital Expenditure	-$79M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	$158M
Common Stock Repurchased	-$273M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$208M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$231M
Short-Term Investments	$0
Net Receivables	$781M
Inventory	$517M
Other Current Assets	$135M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$555M
Goodwill	$758M
Intangible Assets	$178M
Long-Term Investments	$107.0K
Tax Assets	$92.4B
Other Non-Current Assets	-$92.3B
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.2B
Account Payables	$163M
Short-Term Debt	$109M
Deferred Revenue	$146M
Other Current Liabilities	$36M
TOTAL CURRENT LIABILITIES	$723M
Long-Term Debt	$765M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$84M
Other Non-Current Liabilities	$289M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.9B
Common Stock	$51M
Additional Paid-In Capital	$464M
Retained Earnings	$1.4B
Treasury Stock	-$360M
Accum. Other Comp. Income	-$207M
Other Equity	-$48M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$874M
Net Debt	$643M