SSL Q2 2015 Earnings Report — Sasol Limited Revenue & Financial Results | Market Cap Arena

Sasol LimitedSSL

Q2 2015 Earnings

Reported December 31, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2015	Q1 2015	Q2 2014	QoQ Change	YoY Change
Revenue	$6.0B	—	$5.9B	—	1.6%
Op. Income	$1.7B	—	$1.4B	—	20.5%
Gross Margin	51.3%	—	51.0%	—	0.3pp
Net Margin	19.6%	—	12.9%	—	6.6pp
EPS (Diluted)	$1.91	—	$1.26	—	51.8%
Free Cash Flow	$633M	—	$266M	—	138.3%

Revenue Flow

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$2.9B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$182M
General & Administrative	$511M
SG&A Expenses	$693M
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$4.2B
OPERATING INCOME	$1.7B
Interest Income	$28M
Interest Expense	$0
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$568M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$384M
D&A	$396M
EBIT	$723M
EBITDA	$926M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.0B
Cost of Revenue	$2.9B
GROSS PROFIT	$3.1B
R&D Expenses	$0
Selling & Marketing	$182M
General & Administrative	$511M
SG&A Expenses	$693M
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$4.2B
OPERATING INCOME	$1.7B
Interest Income	$28M
Interest Expense	$0
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$568M
Net Income from Continuing Ops	$398M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$384M
D&A	$396M
EBIT	$723M
EBITDA	$926M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$396M
Stock-Based Compensation	-$129M
Deferred Income Tax	$0
Other Non-Cash Items	$365M
Change in Working Capital	$109M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$36M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$252M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$107M
FREE CASH FLOW	$633M
Net Change in Cash	$329M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.7B
Short-Term Investments	$52M
Net Receivables	$1.7B
Inventory	$1.5B
Other Current Assets	$313M
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$10.9B
Goodwill	$35M
Intangible Assets	$101M
Long-Term Investments	$694M
Tax Assets	$0
Other Non-Current Assets	$334M
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$18.2B
Account Payables	$0
Short-Term Debt	$161M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$4.6B
TOTAL LIABILITIES	$6.8B
Common Stock	$1.8B
Additional Paid-In Capital	$0
Retained Earnings	$9.4B
Treasury Stock	-$160M
Accum. Other Comp. Income	$131M
Other Equity	-$157M
TOTAL STOCKHOLDERS' EQUITY	$11.1B
Minority Interest	$252M
TOTAL EQUITY	$11.4B
TOTAL LIABILITIES & EQUITY	$18.2B
Total Debt	$2.2B
Net Debt	-$528M