OEC FY 2016 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.2B	—	-10.9%
Op. Income	$165M	—	$143M	—	15.8%
Gross Margin	32.8%	—	28.8%	—	4.0pp
Net Margin	4.6%	—	3.9%	—	0.6pp
EPS (Diluted)	$0.82	—	$0.79	—	3.8%
Free Cash Flow	$105M	—	$135M	—	-22.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$728M
GROSS PROFIT	$356M
R&D Expenses	$15M
Selling & Marketing	$120M
General & Administrative	$72M
SG&A Expenses	$193M
Other Expenses	$1M
Operating Expenses	$209M
Cost & Expenses	$974M
OPERATING INCOME	$165M
Interest Income	$740.0K
Interest Expense	$42M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$75M
Income Tax Expense	$26M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$87M
EBIT	$117M
EBITDA	$204M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$728M
GROSS PROFIT	$356M
R&D Expenses	$15M
Selling & Marketing	$120M
General & Administrative	$72M
SG&A Expenses	$193M
Other Expenses	$1M
Operating Expenses	$209M
Cost & Expenses	$974M
OPERATING INCOME	$165M
Interest Income	$740.0K
Interest Expense	$42M
Other Income/Expenses	-$90M
INCOME BEFORE TAX	$75M
Income Tax Expense	$26M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$87M
EBIT	$117M
EBITDA	$204M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$87M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	$19M
Change in Working Capital	$22M
OPERATING CASH FLOW	$176M
Capital Expenditure	-$71M
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	-$52M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$44M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$100M
FREE CASH FLOW	$105M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$6M
Net Receivables	$225M
Inventory	$120M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$435M
PP&E (Net)	$408M
Goodwill	$51M
Intangible Assets	$82M
Long-Term Investments	$7M
Tax Assets	$64M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$615M
TOTAL ASSETS	$1.1B
Account Payables	$129M
Short-Term Debt	$5M
Deferred Revenue	$81M
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$230M
Long-Term Debt	$645M
Deferred Revenue NC	$72M
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$75M
TOTAL NON-CURRENT LIABILITIES	$765M
TOTAL LIABILITIES	$995M
Common Stock	$63M
Additional Paid-In Capital	$63M
Retained Earnings	$47M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$50M
Other Equity	-$66M
TOTAL STOCKHOLDERS' EQUITY	$56M
Minority Interest	$0
TOTAL EQUITY	$56M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$651M
Net Debt	$573M