OSK FY 2011 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

FY 2011 Earnings

Reported November 16, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$7.5B	—	$9.8B	—	-23.2%
Op. Income	$526M	—	$1.4B	—	-63.1%
Gross Margin	14.5%	—	20.1%	—	-5.6pp
Net Margin	3.6%	—	8.0%	—	-4.4pp
EPS (Diluted)	$2.99	—	$8.69	—	-65.6%
Free Cash Flow	$302M	—	$530M	—	-43.1%

Revenue Flow

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$6.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$504M
Other Expenses	$61M
Operating Expenses	$565M
Cost & Expenses	$7.0B
OPERATING INCOME	$526M
Interest Income	$5M
Interest Expense	$91M
Other Income/Expenses	-$84M
INCOME BEFORE TAX	$443M
Income Tax Expense	$152M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
NET INCOME	$273M
BOTTOM LINE NET INCOME	$273M
D&A	$144M
EBIT	$532M
EBITDA	$677M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$7.5B
Cost of Revenue	$6.4B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$504M
Other Expenses	$61M
Operating Expenses	$565M
Cost & Expenses	$7.0B
OPERATING INCOME	$526M
Interest Income	$5M
Interest Expense	$91M
Other Income/Expenses	-$84M
INCOME BEFORE TAX	$443M
Income Tax Expense	$152M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
NET INCOME	$273M
BOTTOM LINE NET INCOME	$273M
D&A	$144M
EBIT	$532M
EBITDA	$677M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$273M
Depreciation & Amortization	$144M
Stock-Based Compensation	$16M
Deferred Income Tax	$10M
Other Non-Cash Items	$7M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$388M
Capital Expenditure	-$86M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	-$241M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$232M
FREE CASH FLOW	$302M
Net Change in Cash	$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$429M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$787M
Other Current Assets	$77M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$389M
Goodwill	$1.0B
Intangible Assets	$839M
Long-Term Investments	$32M
Tax Assets	$73M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$4.8B
Account Payables	$769M
Short-Term Debt	$40M
Deferred Revenue	$507M
Other Current Liabilities	$190M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$171M
Other Non-Current Liabilities	$347M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.2B
Common Stock	$900.0K
Additional Paid-In Capital	$686M
Retained Earnings	$1.0B
Treasury Stock	-$100.0K
Accum. Other Comp. Income	-$123M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$100.0K
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$1.1B
Net Debt	$632M