SSL Q2 2018 Earnings Report — Sasol Limited Revenue & Financial Results | Market Cap Arena

Sasol LimitedSSL

Q2 2018 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2018	Q1 2018	Q2 2017	QoQ Change	YoY Change
Revenue	$5.3B	—	$5.1B	—	3.8%
Op. Income	$993M	—	$873M	—	13.8%
Gross Margin	54.3%	—	53.5%	—	0.8pp
Net Margin	7.8%	—	10.2%	—	-2.4pp
EPS (Diluted)	$0.68	—	$0.86	—	-20.8%
Free Cash Flow	-$1.1B	—	-$1.0B	—	-4.5%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$204M
General & Administrative	$832M
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$4.6B
OPERATING INCOME	$993M
Interest Income	$30M
Interest Expense	$0
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$681M
Income Tax Expense	$215M
Net Income from Continuing Ops	$282M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$416M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$262M
D&A	$501M
EBIT	$436M
EBITDA	$683M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.4B
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$204M
General & Administrative	$832M
SG&A Expenses	$1.0B
Other Expenses	$0
Operating Expenses	$2.2B
Cost & Expenses	$4.6B
OPERATING INCOME	$993M
Interest Income	$30M
Interest Expense	$0
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$681M
Income Tax Expense	$215M
Net Income from Continuing Ops	$282M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$416M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$262M
D&A	$501M
EBIT	$436M
EBITDA	$683M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$416M
Depreciation & Amortization	$501M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$300M
Change in Working Capital	$0
OPERATING CASH FLOW	$618M
Capital Expenditure	-$1.7B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$181M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$170M
Other Financing Activities	-$19M
NET CASH FROM FINANCING	$469M
FREE CASH FLOW	-$1.1B
Net Change in Cash	-$392M

Balance Sheet

Item	Amount
Cash & Equivalents	$872M
Short-Term Investments	$0
Net Receivables	$1.2B
Inventory	$1.7B
Other Current Assets	$603M
TOTAL CURRENT ASSETS	$5.1B
PP&E (Net)	$18.2B
Goodwill	$0
Intangible Assets	$142M
Long-Term Investments	$584M
Tax Assets	$0
Other Non-Current Assets	$476M
TOTAL NON-CURRENT ASSETS	$19.4B
TOTAL ASSETS	$24.6B
Account Payables	$0
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$4.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.7B
TOTAL NON-CURRENT LIABILITIES	$8.2B
TOTAL LIABILITIES	$11.5B
Common Stock	$1.8B
Additional Paid-In Capital	$0
Retained Earnings	$10.8B
Treasury Stock	-$159M
Accum. Other Comp. Income	$302M
Other Equity	-$351M
TOTAL STOCKHOLDERS' EQUITY	$12.7B
Minority Interest	$360M
TOTAL EQUITY	$13.1B
TOTAL LIABILITIES & EQUITY	$24.6B
Total Debt	$5.8B
Net Debt	$4.9B