OEC FY 2013 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2013 Earnings

Reported December 30, 2013

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	$1.8B	—	$1.8B	—	0.1%
Op. Income	$129M	—	$131M	—	-1.8%
Gross Margin	20.1%	—	20.1%	—	-0.1pp
Net Margin	-1.4%	—	-1.3%	—	-0.1pp
EPS (Diluted)	$-0.44	—	$-0.42	—	-4.8%
Free Cash Flow	$3M	—	$75M	—	-95.5%

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$371M
R&D Expenses	$14M
Selling & Marketing	$127M
General & Administrative	$90M
SG&A Expenses	$217M
Other Expenses	-$5M
Operating Expenses	$227M
Cost & Expenses	$1.6B
OPERATING INCOME	$129M
Interest Income	$6M
Interest Expense	$135M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	-$15M
Income Tax Expense	$10M
Net Income from Continuing Ops	-$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	-$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$25M
D&A	$105M
EBIT	$114M
EBITDA	$215M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$25M
Depreciation & Amortization	$102M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$56M
Change in Working Capital	$78M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$95M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	$3M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$3M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$97M
Short-Term Investments	$254.1K
Net Receivables	$342M
Inventory	$170M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$616M
PP&E (Net)	$460M
Goodwill	$67M
Intangible Assets	$173M
Long-Term Investments	$7M
Tax Assets	$60M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$775M
TOTAL ASSETS	$1.4B
Account Payables	$137M
Short-Term Debt	$3M
Deferred Revenue	$69M
Other Current Liabilities	$115M
TOTAL CURRENT LIABILITIES	$263M
Long-Term Debt	$1.1B
Deferred Revenue NC	$70M
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.5B
Common Stock	$60M
Additional Paid-In Capital	$26M
Retained Earnings	-$26M
Treasury Stock	-$128M
Accum. Other Comp. Income	-$137M
Other Equity	-$129M
TOTAL STOCKHOLDERS' EQUITY	-$103M
Minority Interest	$0
TOTAL EQUITY	-$103M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$357M
Net Debt	$259M