OEC FY 2020 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2020 Earnings

Reported February 18, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.5B	—	-23.0%
Op. Income	$96M	—	$163M	—	-41.1%
Gross Margin	25.7%	—	26.4%	—	-0.7pp
Net Margin	1.6%	—	5.9%	—	-4.3pp
EPS (Diluted)	$0.30	—	$1.42	—	-78.9%
Free Cash Flow	-$20M	—	$76M	—	-126.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$844M
GROSS PROFIT	$292M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$0
Operating Expenses	$196M
Cost & Expenses	$1.0B
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$26M
Income Tax Expense	$8M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$97M
EBIT	$53M
EBITDA	$150M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$844M
GROSS PROFIT	$292M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$176M
Other Expenses	$0
Operating Expenses	$196M
Cost & Expenses	$1.0B
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$70M
INCOME BEFORE TAX	$26M
Income Tax Expense	$8M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$97M
EBIT	$53M
EBITDA	$150M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$97M
Stock-Based Compensation	$0
Deferred Income Tax	-$12M
Other Non-Cash Items	$12M
Change in Working Capital	$11M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$145M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$145M
Net Debt Issuance	$27M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	$0
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	-$20M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$4M
Net Receivables	$235M
Inventory	$141M
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$500M
PP&E (Net)	$696M
Goodwill	$84M
Intangible Assets	$47M
Long-Term Investments	$6M
Tax Assets	$53M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$889M
TOTAL ASSETS	$1.4B
Account Payables	$131M
Short-Term Debt	$95M
Deferred Revenue	$8M
Other Current Liabilities	$38M
TOTAL CURRENT LIABILITIES	$325M
Long-Term Debt	$656M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$39M
Other Non-Current Liabilities	$115M
TOTAL NON-CURRENT LIABILITIES	$884M
TOTAL LIABILITIES	$1.2B
Common Stock	$85M
Additional Paid-In Capital	$69M
Retained Earnings	$84M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$181M
Minority Interest	$0
TOTAL EQUITY	$181M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$825M
Net Debt	$760M