OSK Q3 2016 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

Q3 2016 Earnings

Reported November 22, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$1.8B	$1.7B	—	0.5%	—
Op. Income	$96M	$147M	—	-34.9%	—
Gross Margin	17.0%	18.0%	—	-1.0pp	—
Net Margin	3.5%	4.8%	—	-1.3pp	—
EPS (Diluted)	$0.82	$1.13	—	-27.4%	—
Free Cash Flow	$382M	$37M	—	923.3%	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$299M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$40M
Operating Expenses	$204M
Cost & Expenses	$1.7B
OPERATING INCOME	$96M
Interest Income	$600.0K
Interest Expense	$14M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$84M
Income Tax Expense	$22M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
NET INCOME	$62M
BOTTOM LINE NET INCOME	$62M
D&A	$33M
EBIT	$98M
EBITDA	$131M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$299M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$40M
Operating Expenses	$204M
Cost & Expenses	$1.7B
OPERATING INCOME	$96M
Interest Income	$600.0K
Interest Expense	$14M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$84M
Income Tax Expense	$22M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
NET INCOME	$62M
BOTTOM LINE NET INCOME	$62M
D&A	$33M
EBIT	$98M
EBITDA	$131M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$33M
Stock-Based Compensation	$3M
Deferred Income Tax	-$13M
Other Non-Cash Items	$14M
Change in Working Capital	$316M
OPERATING CASH FLOW	$414M
Capital Expenditure	-$34M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	-$112M
Common Stock Repurchased	$2M
Common Dividends Paid	-$14M
Other Financing Activities	$14M
NET CASH FROM FINANCING	-$111M
FREE CASH FLOW	$382M
Net Change in Cash	$276M

Balance Sheet

Item	Amount
Cash & Equivalents	$322M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$980M
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$452M
Goodwill	$1.0B
Intangible Assets	$554M
Long-Term Investments	$35M
Tax Assets	$8M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$4.5B
Account Payables	$466M
Short-Term Debt	$20M
Deferred Revenue	$472M
Other Current Liabilities	$262M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$826M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$332M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.5B
Common Stock	$900.0K
Additional Paid-In Capital	$782M
Retained Earnings	$2.2B
Treasury Stock	-$809M
Accum. Other Comp. Income	-$175M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$846M
Net Debt	$524M