OSK FY 2010 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

FY 2010 Earnings

Reported November 18, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$9.8B	—	$5.3B	—	86.9%
Op. Income	$1.4B	—	-$980M	—	245.5%
Gross Margin	20.1%	—	13.4%	—	6.7pp
Net Margin	8.0%	—	-20.9%	—	29.0pp
EPS (Diluted)	$8.69	—	$-14.37	—	160.5%
Free Cash Flow	$530M	—	$853M	—	-37.8%

Revenue Flow

Item	Amount
REVENUE	$9.8B
Cost of Revenue	$7.9B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$484M
Other Expenses	$61M
Operating Expenses	$545M
Cost & Expenses	$8.4B
OPERATING INCOME	$1.4B
Interest Income	$4M
Interest Expense	$187M
Other Income/Expenses	-$187M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$421M
Net Income from Continuing Ops	$816M
Net Income from Discontinued Ops	$0
NET INCOME	$790M
BOTTOM LINE NET INCOME	$790M
D&A	$173M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$9.8B
Cost of Revenue	$7.9B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$484M
Other Expenses	$61M
Operating Expenses	$545M
Cost & Expenses	$8.4B
OPERATING INCOME	$1.4B
Interest Income	$4M
Interest Expense	$187M
Other Income/Expenses	-$187M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$421M
Net Income from Continuing Ops	$816M
Net Income from Discontinued Ops	$0
NET INCOME	$790M
BOTTOM LINE NET INCOME	$790M
D&A	$173M
EBIT	$1.4B
EBITDA	$1.6B
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$790M
Depreciation & Amortization	$173M
Stock-Based Compensation	$15M
Deferred Income Tax	-$71M
Other Non-Cash Items	$41M
Change in Working Capital	-$331M
OPERATING CASH FLOW	$620M
Capital Expenditure	-$90M
Acquisitions (Net)	$0
Purchases of Investments	-$6M
Sales/Maturities of Investments	$10M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	-$721M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$723M
FREE CASH FLOW	$530M
Net Change in Cash	-$191M

Balance Sheet

Item	Amount
Cash & Equivalents	$339M
Short-Term Investments	$0
Net Receivables	$890M
Inventory	$849M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$404M
Goodwill	$1.0B
Intangible Assets	$896M
Long-Term Investments	$30M
Tax Assets	$87M
Other Non-Current Assets	$113M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$4.7B
Account Payables	$718M
Short-Term Debt	$216M
Deferred Revenue	$373M
Other Current Liabilities	$787M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$190M
Other Non-Current Liabilities	$294M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$3.4B
Common Stock	$900.0K
Additional Paid-In Capital	$660M
Retained Earnings	$759M
Accum. Other Comp. Income	-$93M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$200.0K
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$1.3B
Net Debt	$963M