MOG-A FY 2021 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported November 15, 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	$2.9B	—	$2.9B	—	-1.1%
Op. Income	$237M	—	$235M	—	0.7%
Gross Margin	24.5%	—	25.8%	—	-1.3pp
Net Margin	5.5%	—	0.3%	—	5.2pp
EPS (Diluted)	$4.87	—	$0.28	—	1639.3%
Free Cash Flow	$164M	—	$191M	—	-13.8%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.2B
GROSS PROFIT	$697M
R&D Expenses	$49M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$412M
Other Expenses	$0
Operating Expenses	$461M
Cost & Expenses	$2.6B
OPERATING INCOME	$237M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$204M
Income Tax Expense	$47M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$90M
EBIT	$238M
EBITDA	$329M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$2.2B
GROSS PROFIT	$697M
R&D Expenses	$49M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$412M
Other Expenses	$0
Operating Expenses	$461M
Cost & Expenses	$2.6B
OPERATING INCOME	$237M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$204M
Income Tax Expense	$47M
Net Income from Continuing Ops	$157M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$157M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$157M
D&A	$90M
EBIT	$238M
EBITDA	$329M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$157M
Depreciation & Amortization	$90M
Stock-Based Compensation	$7M
Deferred Income Tax	$8M
Other Non-Cash Items	$2M
Change in Working Capital	$28M
OPERATING CASH FLOW	$293M
Capital Expenditure	-$129M
Acquisitions (Net)	-$78M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$15M
NET CASH FROM INVESTING	-$191M
Net Debt Issuance	-$31M
Common Stock Repurchased	-$32M
Common Dividends Paid	-$32M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$87M
FREE CASH FLOW	$164M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$0
Net Receivables	$946M
Inventory	$613M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$706M
Goodwill	$852M
Intangible Assets	$106M
Long-Term Investments	$104.0K
Tax Assets	$18M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.4B
Account Payables	$201M
Short-Term Debt	$80M
Deferred Revenue	$264M
Other Current Liabilities	$226M
TOTAL CURRENT LIABILITIES	$869M
Long-Term Debt	$823M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$65M
Other Non-Current Liabilities	$276M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.0B
Common Stock	$51M
Additional Paid-In Capital	$510M
Retained Earnings	$2.2B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$311M
Other Equity	-$80M
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$904M
Net Debt	$804M