TECK Q1 2018 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

Q1 2018 Earnings

Reported April 24, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2018	Q4 2017	Q1 2017	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	8.6%
Op. Income	$895M	—	$820M	—	9.2%
Gross Margin	44.0%	—	40.9%	—	3.1pp
Net Margin	24.5%	—	19.5%	—	5.0pp
EPS (Diluted)	$0.95	—	$0.71	—	33.9%
Free Cash Flow	$334M	—	$574M	—	-41.8%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$995M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$42M
SG&A Expenses	$42M
Other Expenses	$51M
Operating Expenses	$99M
Cost & Expenses	$1.4B
OPERATING INCOME	$895M
Interest Income	$4M
Interest Expense	$12M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$858M
Income Tax Expense	$298M
Net Income from Continuing Ops	$560M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$555M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$555M
D&A	$256M
EBIT	$861M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.3B
GROSS PROFIT	$995M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$42M
SG&A Expenses	$42M
Other Expenses	$51M
Operating Expenses	$99M
Cost & Expenses	$1.4B
OPERATING INCOME	$895M
Interest Income	$4M
Interest Expense	$12M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$858M
Income Tax Expense	$298M
Net Income from Continuing Ops	$560M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$555M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$555M
D&A	$256M
EBIT	$861M
EBITDA	$1.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$555M
Depreciation & Amortization	$256M
Stock-Based Compensation	$0
Deferred Income Tax	$298M
Other Non-Cash Items	-$68M
Change in Working Capital	-$222M
OPERATING CASH FLOW	$818M
Capital Expenditure	-$484M
Acquisitions (Net)	$144M
Purchases of Investments	-$19M
Sales/Maturities of Investments	$30M
Other Investing Activities	-$293M
NET CASH FROM INVESTING	-$478M
Net Debt Issuance	-$26M
Common Stock Repurchased	-$42M
Common Dividends Paid	-$21M
Other Financing Activities	-$107M
NET CASH FROM FINANCING	-$176M
FREE CASH FLOW	$334M
Net Change in Cash	$188M

Balance Sheet

Item	Amount
Cash & Equivalents	$884M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$1.3B
Other Current Assets	$453M
TOTAL CURRENT ASSETS	$3.7B
PP&E (Net)	$21.6B
Goodwill	$803M
Intangible Assets	$0
Long-Term Investments	$1.5B
Tax Assets	$113M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$24.0B
TOTAL ASSETS	$27.7B
Account Payables	$1.5B
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$208M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$4.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.0B
TOTAL NON-CURRENT LIABILITIES	$10.8B
TOTAL LIABILITIES	$12.5B
Common Stock	$4.8B
Additional Paid-In Capital	$0
Retained Earnings	$9.9B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$373M
TOTAL STOCKHOLDERS' EQUITY	$15.1B
Minority Interest	$102M
TOTAL EQUITY	$15.2B
TOTAL LIABILITIES & EQUITY	$27.7B
Total Debt	$4.8B
Net Debt	$3.9B