ROG FY 2014 Earnings Report — Rogers Corporation Revenue & Financial Results | Market Cap Arena

Rogers CorporationROG

FY 2014 Earnings

Reported February 18, 2015

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	$611M	—	$537M	—	13.7%
Op. Income	$81M	—	$50M	—	62.1%
Gross Margin	38.4%	—	35.2%	—	3.2pp
Net Margin	8.7%	—	7.0%	—	1.6pp
EPS (Diluted)	$2.86	—	$2.16	—	32.4%
Free Cash Flow	$56M	—	$61M	—	-7.7%

Revenue Flow

Item	Amount
REVENUE	$611M
Cost of Revenue	$376M
GROSS PROFIT	$235M
R&D Expenses	$23M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$122M
Other Expenses	$8M
Operating Expenses	$154M
Cost & Expenses	$530M
OPERATING INCOME	$81M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$17.0K
INCOME BEFORE TAX	$81M
Income Tax Expense	$28M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$529.0K
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$26M
EBIT	$90M
EBITDA	$116M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$611M
Cost of Revenue	$376M
GROSS PROFIT	$235M
R&D Expenses	$23M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$122M
Other Expenses	$8M
Operating Expenses	$154M
Cost & Expenses	$530M
OPERATING INCOME	$81M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$17.0K
INCOME BEFORE TAX	$81M
Income Tax Expense	$28M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$529.0K
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$26M
EBIT	$90M
EBITDA	$116M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$26M
Stock-Based Compensation	$8M
Deferred Income Tax	$8M
Other Non-Cash Items	-$13M
Change in Working Capital	$3M
OPERATING CASH FLOW	$85M
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$235.0K
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$56M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$237M
Short-Term Investments	$0
Net Receivables	$106M
Inventory	$69M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$432M
PP&E (Net)	$150M
Goodwill	$98M
Intangible Assets	$38M
Long-Term Investments	$18M
Tax Assets	$45M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$403M
TOTAL ASSETS	$835M
Account Payables	$20M
Short-Term Debt	$36M
Deferred Revenue	$58M
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$120M
Long-Term Debt	$25M
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$87M
TOTAL NON-CURRENT LIABILITIES	$133M
TOTAL LIABILITIES	$253M
Common Stock	$18M
Additional Paid-In Capital	$137M
Retained Earnings	$491M
Treasury Stock	$0
Accum. Other Comp. Income	-$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$582M
Minority Interest	$0
TOTAL EQUITY	$582M
TOTAL LIABILITIES & EQUITY	$835M
Total Debt	$67M
Net Debt	-$171M