SSL Q2 2019 Earnings Report — Sasol Limited Revenue & Financial Results | Market Cap Arena

Sasol LimitedSSL

Q2 2019 Earnings

Reported December 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$6.2B	—	$5.3B	—	16.8%
Op. Income	$1.1B	—	$993M	—	14.6%
Gross Margin	50.8%	—	54.3%	—	-3.5pp
Net Margin	14.3%	—	7.8%	—	6.5pp
EPS (Diluted)	$1.43	—	$0.68	—	111.4%
Free Cash Flow	-$467M	—	-$1.1B	—	55.8%

Revenue Flow

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$229M
General & Administrative	$903M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.1B
Interest Income	$10M
Interest Expense	$0
Other Income/Expenses	-$143M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$305M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$890M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	$506M
EBIT	$496M
EBITDA	$747M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.2B
Cost of Revenue	$3.1B
GROSS PROFIT	$3.2B
R&D Expenses	$0
Selling & Marketing	$229M
General & Administrative	$903M
SG&A Expenses	$1.1B
Other Expenses	$0
Operating Expenses	$1.9B
Cost & Expenses	$5.0B
OPERATING INCOME	$1.1B
Interest Income	$10M
Interest Expense	$0
Other Income/Expenses	-$143M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$305M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$890M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	$506M
EBIT	$496M
EBITDA	$747M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$890M
Depreciation & Amortization	$506M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$26M
Change in Working Capital	$0
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$1.8B
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$75M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$157M
Other Financing Activities	$392M
NET CASH FROM FINANCING	$444M
FREE CASH FLOW	-$467M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$958M
Short-Term Investments	$0
Net Receivables	$2.0B
Inventory	$1.9B
Other Current Assets	$536M
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$22.1B
Goodwill	$0
Intangible Assets	$168M
Long-Term Investments	$661M
Tax Assets	$0
Other Non-Current Assets	$773M
TOTAL NON-CURRENT ASSETS	$23.7B
TOTAL ASSETS	$28.5B
Account Payables	$0
Short-Term Debt	$625M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.1B
TOTAL NON-CURRENT LIABILITIES	$10.8B
TOTAL LIABILITIES	$13.9B
Common Stock	$597M
Additional Paid-In Capital	$0
Retained Earnings	$11.8B
Treasury Stock	$0
Accum. Other Comp. Income	$1.8B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$14.2B
Minority Interest	$377M
TOTAL EQUITY	$14.6B
TOTAL LIABILITIES & EQUITY	$28.5B
Total Debt	$7.9B
Net Debt	$7.0B