MTW FY 2012 Earnings Report — The Manitowoc Company, Inc. Revenue & Financial Results | Market Cap Arena

The Manitowoc Company, Inc.MTW

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$3.9B	—	—	—	—
Op. Income	$284M	—	—	—	—
Gross Margin	23.8%	—	—	—	—
Net Margin	2.6%	—	—	—	—
EPS (Diluted)	$3.04	—	—	—	—
Free Cash Flow	$89M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.0B
GROSS PROFIT	$936M
R&D Expenses	$88M
Selling & Marketing	$0
General & Administrative	$604M
SG&A Expenses	$604M
Other Expenses	$100.0K
Operating Expenses	$643M
Cost & Expenses	$3.6B
OPERATING INCOME	$284M
Interest Income	$135M
Interest Expense	$0
Other Income/Expenses	-$137M
INCOME BEFORE TAX	$132M
Income Tax Expense	$39M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	-$16M
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$37M
EBIT	$283M
EBITDA	$387M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.0B
GROSS PROFIT	$936M
R&D Expenses	$88M
Selling & Marketing	$0
General & Administrative	$604M
SG&A Expenses	$604M
Other Expenses	$100.0K
Operating Expenses	$643M
Cost & Expenses	$3.6B
OPERATING INCOME	$284M
Interest Income	$135M
Interest Expense	$0
Other Income/Expenses	-$137M
INCOME BEFORE TAX	$132M
Income Tax Expense	$39M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	-$16M
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$37M
EBIT	$283M
EBITDA	$387M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$105M
Stock-Based Compensation	$16M
Deferred Income Tax	-$9M
Other Non-Cash Items	$13M
Change in Working Capital	-$65M
OPERATING CASH FLOW	$162M
Capital Expenditure	-$73M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$76M
Net Debt Issuance	-$94M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	$21M
NET CASH FROM FINANCING	-$83M
FREE CASH FLOW	$89M
Net Change in Cash	-$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$333M
Inventory	$708M
Other Current Assets	$201M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$556M
Goodwill	$1.2B
Intangible Assets	$790M
Long-Term Investments	-$89M
Tax Assets	$89M
Other Non-Current Assets	$166M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.1B
Account Payables	$508M
Short-Term Debt	$93M
Deferred Revenue	$24M
Other Current Liabilities	$336M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.7B
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$223M
Other Non-Current Liabilities	$337M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.5B
Common Stock	$1M
Additional Paid-In Capital	$487M
Retained Earnings	$222M
Treasury Stock	-$81M
Accum. Other Comp. Income	-$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$581M
Minority Interest	-$19M
TOTAL EQUITY	$562M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$1.8B
Net Debt	$1.7B