ROG FY 2017 Earnings Report — Rogers Corporation Revenue & Financial Results | Market Cap Arena

Rogers CorporationROG

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$821M	—	$656M	—	25.1%
Op. Income	$129M	—	$81M	—	59.6%
Gross Margin	38.8%	—	38.0%	—	0.8pp
Net Margin	9.8%	—	7.4%	—	2.4pp
EPS (Diluted)	$4.34	—	$2.65	—	63.8%
Free Cash Flow	$112M	—	$99M	—	13.1%

Revenue Flow

Item	Amount
REVENUE	$821M
Cost of Revenue	$502M
GROSS PROFIT	$319M
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$157M
Other Expenses	$3M
Operating Expenses	$189M
Cost & Expenses	$692M
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$133M
Income Tax Expense	$52M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$44M
EBIT	$132M
EBITDA	$177M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$821M
Cost of Revenue	$502M
GROSS PROFIT	$319M
R&D Expenses	$30M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$157M
Other Expenses	$3M
Operating Expenses	$189M
Cost & Expenses	$692M
OPERATING INCOME	$129M
Interest Income	$0
Interest Expense	$6M
Other Income/Expenses	$4M
INCOME BEFORE TAX	$133M
Income Tax Expense	$52M
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$44M
EBIT	$132M
EBITDA	$177M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$44M
Stock-Based Compensation	$12M
Deferred Income Tax	$18M
Other Non-Cash Items	-$4M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$139M
Capital Expenditure	-$27M
Acquisitions (Net)	-$60M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	-$111M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$113M
FREE CASH FLOW	$112M
Net Change in Cash	-$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$181M
Short-Term Investments	$0
Net Receivables	$146M
Inventory	$113M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$455M
PP&E (Net)	$180M
Goodwill	$237M
Intangible Assets	$160M
Long-Term Investments	$18M
Tax Assets	$6M
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$671M
TOTAL ASSETS	$1.1B
Account Payables	$36M
Short-Term Debt	$579.0K
Deferred Revenue	$71M
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$114M
Long-Term Debt	$131M
Deferred Revenue NC	$23M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$245M
TOTAL LIABILITIES	$359M
Common Stock	$18M
Additional Paid-In Capital	$129M
Retained Earnings	$685M
Treasury Stock	$0
Accum. Other Comp. Income	-$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$767M
Minority Interest	$0
TOTAL EQUITY	$767M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$137M
Net Debt	-$44M