OSK Q3 2018 Earnings Report — Oshkosh Corporation Revenue & Financial Results | Market Cap Arena

Oshkosh CorporationOSK

Q3 2018 Earnings

Reported November 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$2.1B	$2.2B	$2.0B	-5.5%	4.8%
Op. Income	$201M	$223M	$135M	-9.8%	49.7%
Gross Margin	18.2%	18.6%	16.6%	-0.3pp	1.6pp
Net Margin	7.4%	7.1%	4.8%	0.3pp	2.6pp
EPS (Diluted)	$2.05	$2.05	$1.23	0.0%	66.7%
Free Cash Flow	$176M	$158M	$81M	11.4%	116.9%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$375M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$165M
Other Expenses	$9M
Operating Expenses	$174M
Cost & Expenses	$1.9B
OPERATING INCOME	$201M
Interest Income	$4M
Interest Expense	$14M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$190M
Income Tax Expense	$38M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
NET INCOME	$151M
BOTTOM LINE NET INCOME	$151M
D&A	$29M
EBIT	$204M
EBITDA	$233M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$375M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$165M
Other Expenses	$9M
Operating Expenses	$174M
Cost & Expenses	$1.9B
OPERATING INCOME	$201M
Interest Income	$4M
Interest Expense	$14M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$190M
Income Tax Expense	$38M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
NET INCOME	$151M
BOTTOM LINE NET INCOME	$151M
D&A	$29M
EBIT	$204M
EBITDA	$233M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$29M
Stock-Based Compensation	$6M
Deferred Income Tax	$5M
Other Non-Cash Items	$3M
Change in Working Capital	$22M
OPERATING CASH FLOW	$216M
Capital Expenditure	-$41M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$35M
Common Stock Repurchased	-$83M
Common Dividends Paid	-$18M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$97M
FREE CASH FLOW	$176M
Net Change in Cash	$83M

Balance Sheet

Item	Amount
Cash & Equivalents	$455M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$1.2B
Other Current Assets	$66M
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$481M
Goodwill	$1.0B
Intangible Assets	$469M
Long-Term Investments	$34M
Tax Assets	$10M
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$5.3B
Account Payables	$777M
Short-Term Debt	$0
Deferred Revenue	$445M
Other Current Liabilities	$252M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$818M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$273M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$2.8B
Common Stock	$700.0K
Additional Paid-In Capital	$815M
Retained Earnings	$2.0B
Treasury Stock	-$203M
Accum. Other Comp. Income	-$107M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$818M
Net Debt	$363M