MTW FY 2014 Earnings Report — The Manitowoc Company, Inc. Revenue & Financial Results | Market Cap Arena

The Manitowoc Company, Inc.MTW

FY 2014 Earnings

Reported February 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.9B	—	$4.0B	—	-4.0%
Op. Income	$302M	—	$364M	—	-17.0%
Gross Margin	25.4%	—	25.2%	—	0.1pp
Net Margin	3.7%	—	3.5%	—	0.2pp
EPS (Diluted)	$4.28	—	$4.20	—	1.9%
Free Cash Flow	$14M	—	$212M	—	-93.6%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.9B
GROSS PROFIT	$986M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$642M
SG&A Expenses	$642M
Other Expenses	-$6M
Operating Expenses	$676M
Cost & Expenses	$3.6B
OPERATING INCOME	$302M
Interest Income	$0
Interest Expense	$97M
Other Income/Expenses	$62M
INCOME BEFORE TAX	$169M
Income Tax Expense	$9M
Net Income from Continuing Ops	-$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$154M
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$148M
D&A	$35M
EBIT	$72M
EBITDA	$164M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.9B
GROSS PROFIT	$986M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$642M
SG&A Expenses	$642M
Other Expenses	-$6M
Operating Expenses	$676M
Cost & Expenses	$3.6B
OPERATING INCOME	$302M
Interest Income	$0
Interest Expense	$97M
Other Income/Expenses	$62M
INCOME BEFORE TAX	$169M
Income Tax Expense	$9M
Net Income from Continuing Ops	-$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$154M
NET INCOME	$145M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$148M
D&A	$35M
EBIT	$72M
EBITDA	$164M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$145M
Depreciation & Amortization	$104M
Stock-Based Compensation	$2M
Deferred Income Tax	-$6M
Other Non-Cash Items	-$4M
Change in Working Capital	-$159M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$85M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$66M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	$14M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$0
Net Receivables	$227M
Inventory	$643M
Other Current Assets	$246M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$591M
Goodwill	$1.2B
Intangible Assets	$715M
Long-Term Investments	$800.0K
Tax Assets	-$800.0K
Other Non-Current Assets	$127M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.8B
Account Payables	$458M
Short-Term Debt	$80M
Deferred Revenue	$21M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$1.4B
Deferred Revenue NC	$38M
Deferred Tax Liabilities	$186M
Other Non-Current Liabilities	$314M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.0B
Common Stock	$1M
Additional Paid-In Capital	$540M
Retained Earnings	$487M
Treasury Stock	-$73M
Accum. Other Comp. Income	-$131M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$824M
Minority Interest	$0
TOTAL EQUITY	$824M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.5B
Net Debt	$1.5B