MTW FY 2019 Earnings Report — The Manitowoc Company, Inc. Revenue & Financial Results | Market Cap Arena

The Manitowoc Company, Inc.MTW

FY 2019 Earnings

Reported February 14, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-0.7%
Op. Income	$108M	—	-$19M	—	661.7%
Gross Margin	18.8%	—	17.8%	—	1.0pp
Net Margin	2.5%	—	-3.6%	—	6.2pp
EPS (Diluted)	$1.31	—	$-1.89	—	169.3%
Free Cash Flow	-$88M	—	-$545M	—	83.8%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$226M
Other Expenses	$10M
Operating Expenses	$236M
Cost & Expenses	$1.7B
OPERATING INCOME	$108M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$59M
Income Tax Expense	$12M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$35M
EBIT	$92M
EBITDA	$127M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$226M
Other Expenses	$10M
Operating Expenses	$236M
Cost & Expenses	$1.7B
OPERATING INCOME	$108M
Interest Income	$0
Interest Expense	$34M
Other Income/Expenses	-$49M
INCOME BEFORE TAX	$59M
Income Tax Expense	$12M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$35M
EBIT	$92M
EBITDA	$127M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$35M
Stock-Based Compensation	$10M
Deferred Income Tax	$2M
Other Non-Cash Items	$23M
Change in Working Capital	-$170M
OPERATING CASH FLOW	-$53M
Capital Expenditure	-$35M
Acquisitions (Net)	$17M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$126M
NET CASH FROM INVESTING	$108M
Net Debt Issuance	$19M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	-$88M
Net Change in Cash	$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$199M
Short-Term Investments	$0
Net Receivables	$186M
Inventory	$461M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$872M
PP&E (Net)	$338M
Goodwill	$233M
Intangible Assets	$116M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$745M
TOTAL ASSETS	$1.6B
Account Payables	$187M
Short-Term Debt	$4M
Deferred Revenue	$26M
Other Current Liabilities	$147M
TOTAL CURRENT LIABILITIES	$441M
Long-Term Debt	$308M
Deferred Revenue NC	$30M
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$149M
TOTAL NON-CURRENT LIABILITIES	$531M
TOTAL LIABILITIES	$972M
Common Stock	$400.0K
Additional Paid-In Capital	$592M
Retained Earnings	$236M
Treasury Stock	-$62M
Accum. Other Comp. Income	-$121M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$646M
Minority Interest	$0
TOTAL EQUITY	$646M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$350M
Net Debt	$151M