SBSW FY 2013 Earnings Report — Sibanye Stillwater Limited Revenue & Financial Results | Market Cap Arena

Sibanye Stillwater LimitedSBSW

FY 2013 Earnings

Reported December 30, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.0B	—	22.6%
Op. Income	$223M	—	$170M	—	31.4%
Gross Margin	18.6%	—	17.6%	—	1.0pp
Net Margin	11.2%	—	17.9%	—	-6.7pp
EPS (Diluted)	$0.58	—	$0.61	—	-5.1%
Free Cash Flow	$247M	—	$15M	—	1504.8%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$236M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	-$21M
Operating Expenses	$13M
Cost & Expenses	$1.0B
OPERATING INCOME	$223M
Interest Income	$11M
Interest Expense	$21M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$164M
Income Tax Expense	$25M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$217M
EBIT	$137M
EBITDA	$429M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$236M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$4M
SG&A Expenses	$4M
Other Expenses	-$21M
Operating Expenses	$13M
Cost & Expenses	$1.0B
OPERATING INCOME	$223M
Interest Income	$11M
Interest Expense	$21M
Other Income/Expenses	-$43M
INCOME BEFORE TAX	$164M
Income Tax Expense	$25M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$142M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$217M
EBIT	$137M
EBITDA	$429M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$143M
Depreciation & Amortization	$217M
Stock-Based Compensation	$20M
Deferred Income Tax	-$28M
Other Non-Cash Items	$2M
Change in Working Capital	$84M
OPERATING CASH FLOW	$437M
Capital Expenditure	-$190M
Acquisitions (Net)	$0
Purchases of Investments	-$11M
Sales/Maturities of Investments	$0
Other Investing Activities	-$24M
NET CASH FROM INVESTING	-$226M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$17M
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	-$153M
FREE CASH FLOW	$247M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$0
Net Receivables	$34M
Inventory	$11M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$182M
PP&E (Net)	$1.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$112M
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.4B
Account Payables	$32M
Short-Term Debt	$30M
Deferred Revenue	$144M
Other Current Liabilities	$52M
TOTAL CURRENT LIABILITIES	$225M
Long-Term Debt	$91M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$275M
Other Non-Current Liabilities	$92M
TOTAL NON-CURRENT LIABILITIES	$457M
TOTAL LIABILITIES	$682M
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	-$784M
Treasury Stock	$0
Accum. Other Comp. Income	$128M
Other Equity	$101M
TOTAL STOCKHOLDERS' EQUITY	$676M
Minority Interest	$251.9K
TOTAL EQUITY	$676M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$121M
Net Debt	$55M