ROG FY 2021 Earnings Report — Rogers Corporation Revenue & Financial Results | Market Cap Arena

Rogers CorporationROG

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$933M	—	$803M	—	16.2%
Op. Income	$117M	—	$67M	—	74.1%
Gross Margin	37.4%	—	36.4%	—	1.1pp
Net Margin	11.6%	—	6.2%	—	5.4pp
EPS (Diluted)	$5.73	—	$2.67	—	114.6%
Free Cash Flow	$53M	—	$125M	—	-57.2%

Revenue Flow

Item	Amount
REVENUE	$933M
Cost of Revenue	$584M
GROSS PROFIT	$349M
R&D Expenses	$30M
Selling & Marketing	$3M
General & Administrative	$190M
SG&A Expenses	$193M
Other Expenses	$9M
Operating Expenses	$232M
Cost & Expenses	$816M
OPERATING INCOME	$117M
Interest Income	$541.0K
Interest Expense	$3M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$126M
Income Tax Expense	$18M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$43M
EBIT	$127M
EBITDA	$170M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$933M
Cost of Revenue	$584M
GROSS PROFIT	$349M
R&D Expenses	$30M
Selling & Marketing	$3M
General & Administrative	$190M
SG&A Expenses	$193M
Other Expenses	$9M
Operating Expenses	$232M
Cost & Expenses	$816M
OPERATING INCOME	$117M
Interest Income	$541.0K
Interest Expense	$3M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$126M
Income Tax Expense	$18M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$43M
EBIT	$127M
EBITDA	$170M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$43M
Stock-Based Compensation	$17M
Deferred Income Tax	-$3M
Other Non-Cash Items	-$600.0K
Change in Working Capital	-$40M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$71M
Acquisitions (Net)	-$168M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$700.0K
NET CASH FROM INVESTING	-$239M
Net Debt Issuance	$160M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$159M
FREE CASH FLOW	$53M
Net Change in Cash	$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$232M
Short-Term Investments	$0
Net Receivables	$203M
Inventory	$133M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$584M
PP&E (Net)	$327M
Goodwill	$370M
Intangible Assets	$176M
Long-Term Investments	$16M
Tax Assets	$33M
Other Non-Current Assets	$92M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.6B
Account Payables	$65M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$164M
Long-Term Debt	$190M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$29M
Other Non-Current Liabilities	$96M
TOTAL NON-CURRENT LIABILITIES	$316M
TOTAL LIABILITIES	$480M
Common Stock	$19M
Additional Paid-In Capital	$164M
Retained Earnings	$982M
Treasury Stock	$0
Accum. Other Comp. Income	-$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$190M
Net Debt	-$42M