OSK FY 2021 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

FY 2021 Earnings

Reported January 26, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$7.7B	—	$6.9B	—	12.8%
Op. Income	$592M	—	$485M	—	22.1%
Gross Margin	16.4%	—	16.3%	—	0.1pp
Net Margin	6.6%	—	4.7%	—	1.9pp
EPS (Diluted)	$7.35	—	$4.72	—	55.7%
Free Cash Flow	$1.1B	—	$197M	—	461.5%

Revenue Flow

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$6.5B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$667M
Other Expenses	$10M
Operating Expenses	$676M
Cost & Expenses	$7.1B
OPERATING INCOME	$592M
Interest Income	$4M
Interest Expense	$48M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$545M
Income Tax Expense	$36M
Net Income from Continuing Ops	$509M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$509M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$509M
D&A	$104M
EBIT	$594M
EBITDA	$698M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$7.7B
Cost of Revenue	$6.5B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$667M
Other Expenses	$10M
Operating Expenses	$676M
Cost & Expenses	$7.1B
OPERATING INCOME	$592M
Interest Income	$4M
Interest Expense	$48M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$545M
Income Tax Expense	$36M
Net Income from Continuing Ops	$509M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$509M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$509M
D&A	$104M
EBIT	$594M
EBITDA	$698M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$509M
Depreciation & Amortization	$104M
Stock-Based Compensation	$27M
Deferred Income Tax	$100M
Other Non-Cash Items	-$4M
Change in Working Capital	$485M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$115M
Acquisitions (Net)	-$152M
Purchases of Investments	-$41M
Sales/Maturities of Investments	$0
Other Investing Activities	$62M
NET CASH FROM INVESTING	-$246M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$122M
Common Dividends Paid	-$90M
Other Financing Activities	$37M
NET CASH FROM FINANCING	-$180M
FREE CASH FLOW	$1.1B
Net Change in Cash	$793M

Balance Sheet

Item	Amount
Cash & Equivalents	$996M
Short-Term Investments	$0
Net Receivables	$1.7B
Inventory	$1.6B
Other Current Assets	$72M
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$827M
Goodwill	$1.0B
Intangible Assets	$464M
Long-Term Investments	$63M
Tax Assets	$72M
Other Non-Current Assets	$93M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$6.8B
Account Payables	$747M
Short-Term Debt	$0
Deferred Revenue	$691M
Other Current Liabilities	$364M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$819M
Deferred Revenue NC	$207M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$476M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.6B
Common Stock	$700.0K
Additional Paid-In Capital	$792M
Retained Earnings	$3.2B
Treasury Stock	-$699M
Accum. Other Comp. Income	-$129M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$0
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$819M
Net Debt	-$177M