MOG-A Q4 2019 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

Q4 2019 Earnings

Reported November 12, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2019	Q3 2019	Q4 2018	QoQ Change	YoY Change
Revenue	$765M	—	$701M	—	9.2%
Op. Income	$70M	—	$71M	—	-1.7%
Gross Margin	27.1%	—	28.4%	—	-1.3pp
Net Margin	6.0%	—	5.8%	—	0.2pp
EPS (Diluted)	$1.31	—	$1.14	—	14.9%
Free Cash Flow	$25M	—	$32M	—	-22.6%

Revenue Flow

Item	Amount
REVENUE	$765M
Cost of Revenue	$558M
GROSS PROFIT	$207M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	$0
Operating Expenses	$137M
Cost & Expenses	$695M
OPERATING INCOME	$70M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$58M
Income Tax Expense	$12M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$21M
EBIT	$68M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$765M
Cost of Revenue	$558M
GROSS PROFIT	$207M
R&D Expenses	$32M
Selling & Marketing	$0
General & Administrative	$105M
SG&A Expenses	$105M
Other Expenses	$0
Operating Expenses	$137M
Cost & Expenses	$695M
OPERATING INCOME	$70M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$58M
Income Tax Expense	$12M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$21M
EBIT	$68M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$21M
Stock-Based Compensation	$1M
Deferred Income Tax	-$8M
Other Non-Cash Items	$2M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$184.0K
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$7M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$9M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$20M
FREE CASH FLOW	$25M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$93M
Short-Term Investments	$0
Net Receivables	$960M
Inventory	$535M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$587M
Goodwill	$784M
Intangible Assets	$80M
Long-Term Investments	$0
Tax Assets	$20M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$3.1B
Account Payables	$258M
Short-Term Debt	$249.0K
Deferred Revenue	$137M
Other Current Liabilities	$242M
TOTAL CURRENT LIABILITIES	$728M
Long-Term Debt	$833M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$41M
Other Non-Current Liabilities	$191M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.8B
Common Stock	$51M
Additional Paid-In Capital	$511M
Retained Earnings	$2.1B
Treasury Stock	-$770M
Accum. Other Comp. Income	-$492M
Other Equity	-$111M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$833M
Net Debt	$744M