OLN FY 2011 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

FY 2011 Earnings

Reported February 24, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.6B	—	23.7%
Op. Income	$224M	—	$70M	—	220.3%
Gross Margin	19.7%	—	14.9%	—	4.9pp
Net Margin	12.3%	—	4.1%	—	8.2pp
EPS (Diluted)	$2.99	—	$0.81	—	269.1%
Free Cash Flow	$15M	—	$30M	—	-50.3%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$387M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$161M
Other Expenses	$0
Operating Expenses	$161M
Cost & Expenses	$1.7B
OPERATING INCOME	$224M
Interest Income	$1M
Interest Expense	$30M
Other Income/Expenses	$156M
INCOME BEFORE TAX	$379M
Income Tax Expense	$138M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$99M
EBIT	$410M
EBITDA	$516M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$387M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$161M
Other Expenses	$0
Operating Expenses	$161M
Cost & Expenses	$1.7B
OPERATING INCOME	$224M
Interest Income	$1M
Interest Expense	$30M
Other Income/Expenses	$156M
INCOME BEFORE TAX	$379M
Income Tax Expense	$138M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$99M
EBIT	$410M
EBITDA	$516M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$242M
Depreciation & Amortization	$99M
Stock-Based Compensation	$6M
Deferred Income Tax	$93M
Other Non-Cash Items	-$227M
Change in Working Capital	$3M
OPERATING CASH FLOW	$216M
Capital Expenditure	-$201M
Acquisitions (Net)	-$123M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$65M
NET CASH FROM INVESTING	-$260M
Net Debt Issuance	-$51M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$64M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$110M
FREE CASH FLOW	$15M
Net Change in Cash	-$154M

Balance Sheet

Item	Amount
Cash & Equivalents	$305M
Short-Term Investments	$0
Net Receivables	$238M
Inventory	$177M
Other Current Assets	$61M
TOTAL CURRENT ASSETS	$780M
PP&E (Net)	$885M
Goodwill	$627M
Intangible Assets	$0
Long-Term Investments	$23M
Tax Assets	$400.0K
Other Non-Current Assets	$137M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.5B
Account Payables	$150M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$86M
TOTAL CURRENT LIABILITIES	$399M
Long-Term Debt	$524M
Deferred Revenue NC	$59M
Deferred Tax Liabilities	$101M
Other Non-Current Liabilities	$382M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.5B
Common Stock	$80M
Additional Paid-In Capital	$852M
Retained Earnings	$348M
Treasury Stock	$0
Accum. Other Comp. Income	-$292M
Other Equity	-$2M
TOTAL STOCKHOLDERS' EQUITY	$988M
Minority Interest	$0
TOTAL EQUITY	$988M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$536M
Net Debt	$232M