TECK FY 2013 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

FY 2013 Earnings

Reported March 10, 2014

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	$6.9B	—	—	—	—
Op. Income	$1.4B	—	—	—	—
Gross Margin	25.9%	—	—	—	—
Net Margin	10.2%	—	—	—	—
EPS (Diluted)	$1.16	—	—	—	—
Free Cash Flow	$202M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.1B
GROSS PROFIT	$1.8B
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$110M
SG&A Expenses	$110M
Other Expenses	$205M
Operating Expenses	$328M
Cost & Expenses	$5.4B
OPERATING INCOME	$1.4B
Interest Income	$9M
Interest Expense	$208M
Other Income/Expenses	-$244M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$463M
Net Income from Continuing Ops	$739M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$703M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$703M
D&A	$902M
EBIT	$1.4B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.9B
Cost of Revenue	$5.1B
GROSS PROFIT	$1.8B
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$110M
SG&A Expenses	$110M
Other Expenses	$205M
Operating Expenses	$328M
Cost & Expenses	$5.4B
OPERATING INCOME	$1.4B
Interest Income	$9M
Interest Expense	$208M
Other Income/Expenses	-$244M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$463M
Net Income from Continuing Ops	$739M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$703M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$703M
D&A	$902M
EBIT	$1.4B
EBITDA	$2.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$703M
Depreciation & Amortization	$902M
Stock-Based Compensation	$0
Deferred Income Tax	$78M
Other Non-Cash Items	$251M
Change in Working Capital	$172M
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$1.9B
Acquisitions (Net)	$544M
Purchases of Investments	-$238M
Sales/Maturities of Investments	$367M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$29M
Common Stock Repurchased	-$129M
Common Dividends Paid	-$381M
Other Financing Activities	-$287M
NET CASH FROM FINANCING	-$825M
FREE CASH FLOW	$202M
Net Change in Cash	-$362M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$0
Net Receivables	$953M
Inventory	$1.2B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$20.3B
Goodwill	$1.2B
Intangible Assets	$62M
Long-Term Investments	$208M
Tax Assets	$120M
Other Non-Current Assets	$293M
TOTAL NON-CURRENT ASSETS	$22.2B
TOTAL ASSETS	$26.5B
Account Payables	$651M
Short-Term Debt	$43M
Deferred Revenue	$9M
Other Current Liabilities	$561M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$5.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5.5B
TOTAL NON-CURRENT LIABILITIES	$11.1B
TOTAL LIABILITIES	$12.7B
Common Stock	$4.8B
Additional Paid-In Capital	$95M
Retained Earnings	$8.7B
Treasury Stock	$0
Accum. Other Comp. Income	$76M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.6B
Minority Interest	$157M
TOTAL EQUITY	$13.8B
TOTAL LIABILITIES & EQUITY	$26.5B
Total Debt	$5.6B
Net Debt	$3.6B