MTW FY 2013 Earnings Report — The Manitowoc Company, Inc. Revenue & Financial Results | Market Cap Arena

The Manitowoc Company, Inc.MTW

FY 2013 Earnings

Reported February 21, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.9B	—	3.1%
Op. Income	$364M	—	$284M	—	28.2%
Gross Margin	25.2%	—	23.8%	—	1.4pp
Net Margin	3.5%	—	2.6%	—	0.9pp
EPS (Diluted)	$4.20	—	$3.04	—	38.2%
Free Cash Flow	$212M	—	$89M	—	137.6%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$3.0B
GROSS PROFIT	$1.0B
R&D Expenses	$86M
Selling & Marketing	$0
General & Administrative	$618M
SG&A Expenses	$618M
Other Expenses	-$800.0K
Operating Expenses	$653M
Cost & Expenses	$3.7B
OPERATING INCOME	$364M
Interest Income	$0
Interest Expense	$135M
Other Income/Expenses	-$139M
INCOME BEFORE TAX	$225M
Income Tax Expense	$36M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	-$22M
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$35M
EBIT	$354M
EBITDA	$473M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$3.0B
GROSS PROFIT	$1.0B
R&D Expenses	$86M
Selling & Marketing	$0
General & Administrative	$618M
SG&A Expenses	$618M
Other Expenses	-$800.0K
Operating Expenses	$653M
Cost & Expenses	$3.7B
OPERATING INCOME	$364M
Interest Income	$0
Interest Expense	$135M
Other Income/Expenses	-$139M
INCOME BEFORE TAX	$225M
Income Tax Expense	$36M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	-$22M
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$142M
D&A	$35M
EBIT	$354M
EBITDA	$473M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$142M
Depreciation & Amortization	$104M
Stock-Based Compensation	$15M
Deferred Income Tax	-$13M
Other Non-Cash Items	$50M
Change in Working Capital	$26M
OPERATING CASH FLOW	$323M
Capital Expenditure	-$111M
Acquisitions (Net)	$27M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$82M
Net Debt Issuance	-$252M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$256M
FREE CASH FLOW	$212M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$0
Net Receivables	$256M
Inventory	$721M
Other Current Assets	$232M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$579M
Goodwill	$1.2B
Intangible Assets	$766M
Long-Term Investments	-$90M
Tax Assets	$90M
Other Non-Current Assets	$150M
TOTAL NON-CURRENT ASSETS	$2.7B
TOTAL ASSETS	$4.0B
Account Payables	$511M
Short-Term Debt	$23M
Deferred Revenue	$35M
Other Current Liabilities	$190M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.5B
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$214M
Other Non-Current Liabilities	$313M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.2B
Common Stock	$1M
Additional Paid-In Capital	$506M
Retained Earnings	$353M
Treasury Stock	-$78M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$782M
Minority Interest	$7M
TOTAL EQUITY	$789M
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.5B
Net Debt	$1.5B