OLN FY 2010 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

FY 2010 Earnings

Reported February 23, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	3.6%
Op. Income	$70M	—	$183M	—	-61.7%
Gross Margin	14.9%	—	20.2%	—	-5.3pp
Net Margin	4.1%	—	8.9%	—	-4.8pp
EPS (Diluted)	$0.81	—	$1.73	—	-53.2%
Free Cash Flow	$30M	—	$62M	—	-51.5%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$236M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$134M
Other Expenses	$0
Operating Expenses	$134M
Cost & Expenses	$1.5B
OPERATING INCOME	$70M
Interest Income	$1M
Interest Expense	$25M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$77M
Income Tax Expense	$12M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$87M
EBIT	$102M
EBITDA	$189M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.3B
GROSS PROFIT	$236M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$134M
Other Expenses	$0
Operating Expenses	$134M
Cost & Expenses	$1.5B
OPERATING INCOME	$70M
Interest Income	$1M
Interest Expense	$25M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$77M
Income Tax Expense	$12M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$87M
EBIT	$102M
EBITDA	$189M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$65M
Depreciation & Amortization	$87M
Stock-Based Compensation	$8M
Deferred Income Tax	$11M
Other Non-Cash Items	-$45M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$85M
Acquisitions (Net)	$24M
Purchases of Investments	-$15.7T
Sales/Maturities of Investments	$15.7T
Other Investing Activities	-$15.0B
NET CASH FROM INVESTING	-$160M
Net Debt Issuance	$96M
Common Stock Repurchased	$0
Common Dividends Paid	-$63M
Other Financing Activities	$2M
NET CASH FROM FINANCING	$44M
FREE CASH FLOW	$30M
Net Change in Cash	$100.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$459M
Short-Term Investments	$0
Net Receivables	$193M
Inventory	$156M
Other Current Assets	$76M
TOTAL CURRENT ASSETS	$879M
PP&E (Net)	$675M
Goodwill	$300M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$194M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.0B
Account Payables	$116M
Short-Term Debt	$78M
Deferred Revenue	-$700.0K
Other Current Liabilities	$119M
TOTAL CURRENT LIABILITIES	$388M
Long-Term Debt	$421M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$386M
TOTAL NON-CURRENT LIABILITIES	$831M
TOTAL LIABILITIES	$1.2B
Common Stock	$80M
Additional Paid-In Capital	$842M
Retained Earnings	$170M
Treasury Stock	$0
Accum. Other Comp. Income	-$262M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$830M
Minority Interest	$0
TOTAL EQUITY	$830M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$496M
Net Debt	$37M