OEC FY 2021 Earnings Report — Orion Engineered Carbons S.A. Revenue & Financial Results | Market Cap Arena

Orion Engineered Carbons S.A.OEC

FY 2021 Earnings

Reported February 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.1B	—	36.1%
Op. Income	$154M	—	$96M	—	60.6%
Gross Margin	25.0%	—	25.7%	—	-0.7pp
Net Margin	8.7%	—	1.6%	—	7.1pp
EPS (Diluted)	$2.21	—	$0.30	—	636.7%
Free Cash Flow	-$70M	—	-$20M	—	-253.5%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$387M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$232M
Cost & Expenses	$1.4B
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	$32M
INCOME BEFORE TAX	$186M
Income Tax Expense	$52M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$104M
EBIT	$223M
EBITDA	$327M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$387M
R&D Expenses	$22M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$210M
Other Expenses	$0
Operating Expenses	$232M
Cost & Expenses	$1.4B
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	$32M
INCOME BEFORE TAX	$186M
Income Tax Expense	$52M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$104M
EBIT	$223M
EBITDA	$327M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$135M
Depreciation & Amortization	$104M
Stock-Based Compensation	$5M
Deferred Income Tax	$20M
Other Non-Cash Items	-$4M
Change in Working Capital	-$115M
OPERATING CASH FLOW	$145M
Capital Expenditure	-$215M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$215M
Net Debt Issuance	$76M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$73M
FREE CASH FLOW	-$70M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$0
Net Receivables	$324M
Inventory	$230M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$665M
PP&E (Net)	$793M
Goodwill	$78M
Intangible Assets	$36M
Long-Term Investments	$6M
Tax Assets	$50M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$966M
TOTAL ASSETS	$1.6B
Account Payables	$195M
Short-Term Debt	$152M
Deferred Revenue	$0
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$449M
Long-Term Debt	$631M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$863M
TOTAL LIABILITIES	$1.3B
Common Stock	$85M
Additional Paid-In Capital	$71M
Retained Earnings	$218M
Treasury Stock	-$6M
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$320M
Minority Interest	$0
TOTAL EQUITY	$320M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$868M
Net Debt	$802M