ROG FY 2016 Earnings Report — Rogers Corporation Revenue & Financial Results | Market Cap Arena

Rogers CorporationROG

FY 2016 Earnings

Reported February 21, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$656M	—	$641M	—	2.3%
Op. Income	$81M	—	$76M	—	6.1%
Gross Margin	38.0%	—	36.9%	—	1.1pp
Net Margin	7.4%	—	7.2%	—	0.1pp
EPS (Diluted)	$2.65	—	$2.48	—	6.9%
Free Cash Flow	$99M	—	$49M	—	101.3%

Revenue Flow

Item	Amount
REVENUE	$656M
Cost of Revenue	$407M
GROSS PROFIT	$249M
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$134M
Other Expenses	$6M
Operating Expenses	$169M
Cost & Expenses	$575M
OPERATING INCOME	$81M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$82M
Income Tax Expense	$34M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$38M
EBIT	$87M
EBITDA	$125M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$656M
Cost of Revenue	$407M
GROSS PROFIT	$249M
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$134M
Other Expenses	$6M
Operating Expenses	$169M
Cost & Expenses	$575M
OPERATING INCOME	$81M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$1M
INCOME BEFORE TAX	$82M
Income Tax Expense	$34M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$38M
EBIT	$87M
EBITDA	$125M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$38M
Stock-Based Compensation	$11M
Deferred Income Tax	$7M
Other Non-Cash Items	-$4M
Change in Working Capital	$16M
OPERATING CASH FLOW	$117M
Capital Expenditure	-$18M
Acquisitions (Net)	-$134M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$275.0K
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	$62M
Common Stock Repurchased	-$9M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	$58M
FREE CASH FLOW	$99M
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$228M
Short-Term Investments	$0
Net Receivables	$127M
Inventory	$91M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$458M
PP&E (Net)	$177M
Goodwill	$208M
Intangible Assets	$137M
Long-Term Investments	$16M
Tax Assets	$15M
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$598M
TOTAL ASSETS	$1.1B
Account Payables	$28M
Short-Term Debt	$4M
Deferred Revenue	$62M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$101M
Long-Term Debt	$236M
Deferred Revenue NC	$17M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$320M
TOTAL LIABILITIES	$421M
Common Stock	$18M
Additional Paid-In Capital	$119M
Retained Earnings	$591M
Treasury Stock	$0
Accum. Other Comp. Income	-$92M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$636M
Minority Interest	$0
TOTAL EQUITY	$636M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$245M
Net Debt	$17M