OSK FY 2008 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

FY 2008 Earnings

Reported November 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$6.9B	—	$6.3B	—	10.0%
Op. Income	$615M	—	$590M	—	4.2%
Gross Margin	17.0%	—	17.5%	—	-0.5pp
Net Margin	1.1%	—	4.3%	—	-3.1pp
EPS (Diluted)	$1.06	—	$3.58	—	-70.4%
Free Cash Flow	$315M	—	$304M	—	3.5%

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$494M
Other Expenses	$70M
Operating Expenses	$563M
Cost & Expenses	$6.3B
OPERATING INCOME	$615M
Interest Income	$7M
Interest Expense	$209M
Other Income/Expenses	-$208M
INCOME BEFORE TAX	$407M
Income Tax Expense	$121M
Net Income from Continuing Ops	$286M
Net Income from Discontinued Ops	$0
NET INCOME	$79M
BOTTOM LINE NET INCOME	$79M
D&A	$153M
EBIT	$613M
EBITDA	$766M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.8B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$494M
Other Expenses	$70M
Operating Expenses	$563M
Cost & Expenses	$6.3B
OPERATING INCOME	$615M
Interest Income	$7M
Interest Expense	$209M
Other Income/Expenses	-$208M
INCOME BEFORE TAX	$407M
Income Tax Expense	$121M
Net Income from Continuing Ops	$286M
Net Income from Discontinued Ops	$0
NET INCOME	$79M
BOTTOM LINE NET INCOME	$79M
D&A	$153M
EBIT	$613M
EBITDA	$766M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$153M
Stock-Based Compensation	$15M
Deferred Income Tax	-$10M
Other Non-Cash Items	$175M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$390M
Capital Expenditure	-$76M
Acquisitions (Net)	$0
Purchases of Investments	-$43M
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$100M
Net Debt Issuance	-$250M
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$274M
FREE CASH FLOW	$315M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$0
Net Receivables	$998M
Inventory	$942M
Other Current Assets	$58M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$453M
Goodwill	$2.3B
Intangible Assets	$1.1B
Long-Term Investments	$38M
Tax Assets	$67M
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$6.1B
Account Payables	$640M
Short-Term Debt	$94M
Deferred Revenue	$297M
Other Current Liabilities	$630M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$309M
Other Non-Current Liabilities	$237M
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$4.7B
Common Stock	$700.0K
Additional Paid-In Capital	$251M
Retained Earnings	$1.1B
Treasury Stock	-$1M
Accum. Other Comp. Income	$56M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$3M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$2.8B
Net Debt	$2.7B