OLN FY 2018 Earnings Report — Olin Corporation Revenue & Financial Results | Market Cap Arena

Olin CorporationOLN

FY 2018 Earnings

Reported February 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$6.9B	—	$6.3B	—	10.8%
Op. Income	$677M	—	$297M	—	128.2%
Gross Margin	14.6%	—	12.2%	—	2.4pp
Net Margin	4.7%	—	8.8%	—	-4.0pp
EPS (Diluted)	$1.95	—	$3.26	—	-40.2%
Free Cash Flow	$523M	—	$355M	—	47.4%

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.9B
GROSS PROFIT	$1.0B
R&D Expenses	$15M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$409M
Other Expenses	-$88M
Operating Expenses	$336M
Cost & Expenses	$6.3B
OPERATING INCOME	$677M
Interest Income	$2M
Interest Expense	$243M
Other Income/Expenses	-$240M
INCOME BEFORE TAX	$437M
Income Tax Expense	$109M
Net Income from Continuing Ops	$328M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$328M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$328M
D&A	$601M
EBIT	$605M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.9B
GROSS PROFIT	$1.0B
R&D Expenses	$15M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$409M
Other Expenses	-$88M
Operating Expenses	$336M
Cost & Expenses	$6.3B
OPERATING INCOME	$677M
Interest Income	$2M
Interest Expense	$243M
Other Income/Expenses	-$240M
INCOME BEFORE TAX	$437M
Income Tax Expense	$109M
Net Income from Continuing Ops	$328M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$328M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$328M
D&A	$601M
EBIT	$605M
EBITDA	$1.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$328M
Depreciation & Amortization	$601M
Stock-Based Compensation	$12M
Deferred Income Tax	$36M
Other Non-Cash Items	$800.0K
Change in Working Capital	-$70M
OPERATING CASH FLOW	$908M
Capital Expenditure	-$385M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$382M
Net Debt Issuance	-$376M
Common Stock Repurchased	-$50M
Common Dividends Paid	-$134M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$565M
FREE CASH FLOW	$523M
Net Change in Cash	-$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$0
Net Receivables	$782M
Inventory	$711M
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$3.5B
Goodwill	$2.1B
Intangible Assets	$512M
Long-Term Investments	$9M
Tax Assets	$26M
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$7.3B
TOTAL ASSETS	$9.0B
Account Payables	$637M
Short-Term Debt	$126M
Deferred Revenue	$0
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$6.2B
Common Stock	$165M
Additional Paid-In Capital	$2.2B
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$651M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$3.2B
Net Debt	$3.1B