OSK Q2 2018 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

Q2 2018 Earnings

Reported July 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$2.2B	$1.9B	$2.0B	15.3%	6.8%
Op. Income	$223M	$156M	$212M	42.7%	5.3%
Gross Margin	18.6%	17.8%	19.0%	0.7pp	-0.4pp
Net Margin	7.1%	5.9%	6.3%	1.2pp	0.7pp
EPS (Diluted)	$2.05	$1.47	$1.69	39.5%	21.3%
Free Cash Flow	$158M	-$6M	-$43M	2641.9%	465.7%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$404M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$171M
Other Expenses	$9M
Operating Expenses	$181M
Cost & Expenses	$2.0B
OPERATING INCOME	$223M
Interest Income	$2M
Interest Expense	$25M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$198M
Income Tax Expense	$45M
Net Income from Continuing Ops	$153M
Net Income from Discontinued Ops	$0
NET INCOME	$153M
BOTTOM LINE NET INCOME	$153M
D&A	$30M
EBIT	$223M
EBITDA	$252M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.8B
GROSS PROFIT	$404M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$171M
Other Expenses	$9M
Operating Expenses	$181M
Cost & Expenses	$2.0B
OPERATING INCOME	$223M
Interest Income	$2M
Interest Expense	$25M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$198M
Income Tax Expense	$45M
Net Income from Continuing Ops	$153M
Net Income from Discontinued Ops	$0
NET INCOME	$153M
BOTTOM LINE NET INCOME	$153M
D&A	$30M
EBIT	$223M
EBITDA	$252M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$153M
Depreciation & Amortization	$30M
Stock-Based Compensation	$7M
Deferred Income Tax	$14M
Other Non-Cash Items	$12M
Change in Working Capital	-$40M
OPERATING CASH FLOW	$176M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$300.0K
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$38M
Common Dividends Paid	-$18M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$78M
FREE CASH FLOW	$158M
Net Change in Cash	$84M

Balance Sheet

Item	Amount
Cash & Equivalents	$372M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$1.2B
Other Current Assets	$80M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$453M
Goodwill	$1.0B
Intangible Assets	$477M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$5.3B
Account Payables	$752M
Short-Term Debt	$0
Deferred Revenue	$499M
Other Current Liabilities	$309M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$818M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$298M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$2.9B
Common Stock	$900.0K
Additional Paid-In Capital	$811M
Retained Earnings	$2.7B
Treasury Stock	-$919M
Accum. Other Comp. Income	-$140M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$0
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$818M
Net Debt	$446M