OLN FY 2012 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

FY 2012 Earnings

Reported February 25, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.0B	—	11.4%
Op. Income	$268M	—	$224M	—	19.9%
Gross Margin	20.0%	—	19.7%	—	0.2pp
Net Margin	6.8%	—	12.3%	—	-5.5pp
EPS (Diluted)	$1.85	—	$2.99	—	-38.1%
Free Cash Flow	$24M	—	$15M	—	56.7%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$437M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$169M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$1.9B
OPERATING INCOME	$268M
Interest Income	$1M
Interest Expense	$26M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$225M
Income Tax Expense	$76M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$150M
D&A	$111M
EBIT	$268M
EBITDA	$379M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$437M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$169M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$1.9B
OPERATING INCOME	$268M
Interest Income	$1M
Interest Expense	$26M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$225M
Income Tax Expense	$76M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$150M
D&A	$111M
EBIT	$268M
EBITDA	$379M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$150M
Depreciation & Amortization	$111M
Stock-Based Compensation	$6M
Deferred Income Tax	$43M
Other Non-Cash Items	-$31M
Change in Working Capital	$800.0K
OPERATING CASH FLOW	$279M
Capital Expenditure	-$256M
Acquisitions (Net)	-$310M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$54M
NET CASH FROM INVESTING	-$512M
Net Debt Issuance	$180M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$64M
Other Financing Activities	-$21M
NET CASH FROM FINANCING	$94M
FREE CASH FLOW	$24M
Net Change in Cash	-$140M

Balance Sheet

Item	Amount
Cash & Equivalents	$165M
Short-Term Investments	$0
Net Receivables	$307M
Inventory	$195M
Other Current Assets	$82M
TOTAL CURRENT ASSETS	$749M
PP&E (Net)	$1.0B
Goodwill	$747M
Intangible Assets	$153M
Long-Term Investments	$29M
Tax Assets	$9M
Other Non-Current Assets	$209M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.8B
Account Payables	$174M
Short-Term Debt	$24M
Deferred Revenue	$0
Other Current Liabilities	$78M
TOTAL CURRENT LIABILITIES	$434M
Long-Term Debt	$690M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$545M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.8B
Common Stock	$80M
Additional Paid-In Capital	$856M
Retained Earnings	$433M
Treasury Stock	$0
Accum. Other Comp. Income	-$371M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$999M
Minority Interest	$0
TOTAL EQUITY	$999M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$714M
Net Debt	$549M