MOG-A FY 2015 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported November 16, 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	$2.5B	—	$2.6B	—	-4.6%
Op. Income	$233M	—	$255M	—	-8.5%
Gross Margin	29.2%	—	30.1%	—	-0.9pp
Net Margin	5.2%	—	6.0%	—	-0.8pp
EPS (Diluted)	$3.35	—	$3.52	—	-4.8%
Free Cash Flow	$254M	—	$208M	—	21.9%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$737M
R&D Expenses	$132M
Selling & Marketing	$0
General & Administrative	$371M
SG&A Expenses	$371M
Other Expenses	-$5M
Operating Expenses	$504M
Cost & Expenses	$2.3B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$184M
Income Tax Expense	$52M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$104M
EBIT	$213M
EBITDA	$337M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$737M
R&D Expenses	$132M
Selling & Marketing	$0
General & Administrative	$371M
SG&A Expenses	$371M
Other Expenses	-$5M
Operating Expenses	$504M
Cost & Expenses	$2.3B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$29M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$184M
Income Tax Expense	$52M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$104M
EBIT	$213M
EBITDA	$337M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$104M
Stock-Based Compensation	$5M
Deferred Income Tax	$13M
Other Non-Cash Items	$8M
Change in Working Capital	$73M
OPERATING CASH FLOW	$335M
Capital Expenditure	-$81M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	$196M
Common Stock Repurchased	-$386M
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$166M
FREE CASH FLOW	$254M
Net Change in Cash	$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$310M
Short-Term Investments	$0
Net Receivables	$698M
Inventory	$493M
Other Current Assets	$91M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$537M
Goodwill	$737M
Intangible Assets	$144M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.1B
Account Payables	$166M
Short-Term Debt	$117.0K
Deferred Revenue	$167M
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$606M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$351M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.1B
Common Stock	$51M
Additional Paid-In Capital	$457M
Retained Earnings	$1.6B
Treasury Stock	-$702M
Accum. Other Comp. Income	-$347M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$995M
Minority Interest	$0
TOTAL EQUITY	$995M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.1B
Net Debt	$765M