OLN FY 2013 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

FY 2013 Earnings

Reported February 24, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.2B	—	15.1%
Op. Income	$287M	—	$268M	—	6.7%
Gross Margin	19.1%	—	20.0%	—	-0.9pp
Net Margin	7.1%	—	6.8%	—	0.3pp
EPS (Diluted)	$2.21	—	$1.85	—	19.5%
Free Cash Flow	$226M	—	$24M	—	862.6%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$481M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$204M
Other Expenses	-$12M
Operating Expenses	$195M
Cost & Expenses	$2.2B
OPERATING INCOME	$287M
Interest Income	$600.0K
Interest Expense	$39M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$250M
Income Tax Expense	$71M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$135M
EBIT	$278M
EBITDA	$413M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$481M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$204M
Other Expenses	-$12M
Operating Expenses	$195M
Cost & Expenses	$2.2B
OPERATING INCOME	$287M
Interest Income	$600.0K
Interest Expense	$39M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$250M
Income Tax Expense	$71M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$135M
EBIT	$278M
EBITDA	$413M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$179M
Depreciation & Amortization	$135M
Stock-Based Compensation	$9M
Deferred Income Tax	$12M
Other Non-Cash Items	-$35M
Change in Working Capital	$16M
OPERATING CASH FLOW	$317M
Capital Expenditure	-$91M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$47M
NET CASH FROM INVESTING	-$44M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$36M
Common Dividends Paid	-$64M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$131M
FREE CASH FLOW	$226M
Net Change in Cash	$143M

Balance Sheet

Item	Amount
Cash & Equivalents	$308M
Short-Term Investments	$0
Net Receivables	$282M
Inventory	$187M
Other Current Assets	$64M
TOTAL CURRENT ASSETS	$840M
PP&E (Net)	$988M
Goodwill	$747M
Intangible Assets	$138M
Long-Term Investments	$22M
Tax Assets	$9M
Other Non-Current Assets	$197M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.8B
Account Payables	$149M
Short-Term Debt	$13M
Deferred Revenue	$0
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$408M
Long-Term Debt	$678M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$118M
Other Non-Current Liabilities	$498M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.7B
Common Stock	$79M
Additional Paid-In Capital	$839M
Retained Earnings	$548M
Treasury Stock	$0
Accum. Other Comp. Income	-$368M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$691M
Net Debt	$383M