SENEA FY 2020 Earnings Report — Seneca Foods Corporation Revenue & Financial Results | Market Cap Arena

Seneca Foods CorporationSENEA

FY 2020 Earnings

Reported July 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	11.4%
Op. Income	$71M	—	-$38M	—	285.2%
Gross Margin	10.6%	—	3.3%	—	7.3pp
Net Margin	3.9%	—	0.5%	—	3.4pp
EPS (Diluted)	$5.58	—	$0.59	—	845.8%
Free Cash Flow	$62M	—	$59M	—	3.8%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$142M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$77M
Other Expenses	-$6M
Operating Expenses	$71M
Cost & Expenses	$1.3B
OPERATING INCOME	$71M
Interest Income	$25.0K
Interest Expense	$12M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$66M
Income Tax Expense	$14M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$31M
EBIT	$77M
EBITDA	$108M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$142M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$77M
Other Expenses	-$6M
Operating Expenses	$71M
Cost & Expenses	$1.3B
OPERATING INCOME	$71M
Interest Income	$25.0K
Interest Expense	$12M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$66M
Income Tax Expense	$14M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$31M
EBIT	$77M
EBITDA	$108M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$31M
Stock-Based Compensation	$94.0K
Deferred Income Tax	$16M
Other Non-Cash Items	-$7M
Change in Working Capital	$36M
OPERATING CASH FLOW	$127M
Capital Expenditure	-$66M
Acquisitions (Net)	$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$55M
Common Stock Repurchased	-$13M
Common Dividends Paid	$0
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$85M
FREE CASH FLOW	$62M
Net Change in Cash	-$778.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$122M
Inventory	$412M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$552M
PP&E (Net)	$323M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$358M
TOTAL ASSETS	$909M
Account Payables	$71M
Short-Term Debt	$28M
Deferred Revenue	$8M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$150M
Long-Term Debt	$217M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$81M
TOTAL NON-CURRENT LIABILITIES	$365M
TOTAL LIABILITIES	$515M
Common Stock	$3M
Additional Paid-In Capital	$98M
Retained Earnings	$460M
Treasury Stock	-$88M
Accum. Other Comp. Income	-$79M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$394M
Minority Interest	$0
TOTAL EQUITY	$394M
TOTAL LIABILITIES & EQUITY	$909M
Total Debt	$312M
Net Debt	$302M