OSK FY 2014 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

FY 2014 Earnings

Reported November 13, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$6.8B	—	$7.7B	—	-11.2%
Op. Income	$503M	—	$506M	—	-0.5%
Gross Margin	17.4%	—	15.5%	—	1.8pp
Net Margin	4.5%	—	4.1%	—	0.4pp
EPS (Diluted)	$3.61	—	$3.55	—	1.7%
Free Cash Flow	$46M	—	$378M	—	-88.0%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$624M
Other Expenses	$55M
Operating Expenses	$679M
Cost & Expenses	$6.3B
OPERATING INCOME	$503M
Interest Income	$2M
Interest Expense	$71M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$434M
Income Tax Expense	$125M
Net Income from Continuing Ops	$309M
Net Income from Discontinued Ops	$0
NET INCOME	$309M
BOTTOM LINE NET INCOME	$308M
D&A	$127M
EBIT	$503M
EBITDA	$630M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$5.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$624M
Other Expenses	$55M
Operating Expenses	$679M
Cost & Expenses	$6.3B
OPERATING INCOME	$503M
Interest Income	$2M
Interest Expense	$71M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$434M
Income Tax Expense	$125M
Net Income from Continuing Ops	$309M
Net Income from Discontinued Ops	$0
NET INCOME	$309M
BOTTOM LINE NET INCOME	$308M
D&A	$127M
EBIT	$503M
EBITDA	$630M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$309M
Depreciation & Amortization	$127M
Stock-Based Compensation	$25M
Deferred Income Tax	-$20M
Other Non-Cash Items	$2M
Change in Working Capital	-$273M
OPERATING CASH FLOW	$170M
Capital Expenditure	-$125M
Acquisitions (Net)	$0
Purchases of Investments	-$2M
Sales/Maturities of Investments	$0
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$115M
Net Debt Issuance	-$60M
Common Stock Repurchased	-$403M
Common Dividends Paid	-$51M
Other Financing Activities	$38M
NET CASH FROM FINANCING	-$476M
FREE CASH FLOW	$46M
Net Change in Cash	-$420M

Balance Sheet

Item	Amount
Cash & Equivalents	$314M
Short-Term Investments	$0
Net Receivables	$975M
Inventory	$961M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$406M
Goodwill	$1.0B
Intangible Assets	$658M
Long-Term Investments	$43M
Tax Assets	$15M
Other Non-Current Assets	$56M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$4.6B
Account Payables	$587M
Short-Term Debt	$20M
Deferred Revenue	$310M
Other Current Liabilities	$156M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$875M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$125M
Other Non-Current Liabilities	$290M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.6B
Common Stock	$900.0K
Additional Paid-In Capital	$758M
Retained Earnings	$1.8B
Treasury Stock	-$545M
Accum. Other Comp. Income	-$69M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$895M
Net Debt	$581M