TECK Q2 2018 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

Q2 2018 Earnings

Reported July 27, 2018

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	$2.2B	$2.3B	—	-2.5%	—
Op. Income	$785M	$894M	—	-12.3%	—
Gross Margin	41.1%	44.0%	—	-2.8pp	—
Net Margin	21.0%	24.5%	—	-3.5pp	—
EPS (Diluted)	$0.80	$0.95	—	-15.4%	—
Free Cash Flow	$421M	$334M	—	26.0%	—

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$907M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$41M
SG&A Expenses	$41M
Other Expenses	$75M
Operating Expenses	$122M
Cost & Expenses	$1.4B
OPERATING INCOME	$785M
Interest Income	$5M
Interest Expense	$22M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$740M
Income Tax Expense	$269M
Net Income from Continuing Ops	$471M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$463M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$463M
D&A	$258M
EBIT	$748M
EBITDA	$1.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.3B
GROSS PROFIT	$907M
R&D Expenses	$6M
Selling & Marketing	$0
General & Administrative	$41M
SG&A Expenses	$41M
Other Expenses	$75M
Operating Expenses	$122M
Cost & Expenses	$1.4B
OPERATING INCOME	$785M
Interest Income	$5M
Interest Expense	$22M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$740M
Income Tax Expense	$269M
Net Income from Continuing Ops	$471M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$463M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$463M
D&A	$258M
EBIT	$748M
EBITDA	$1.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$463M
Depreciation & Amortization	$258M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$84M
Change in Working Capital	$4M
OPERATING CASH FLOW	$808M
Capital Expenditure	-$387M
Acquisitions (Net)	$128M
Purchases of Investments	-$80M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$140M
NET CASH FROM INVESTING	-$449M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$20M
Other Financing Activities	-$62M
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	$421M
Net Change in Cash	$308M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$927M
Inventory	$1.5B
Other Current Assets	$446M
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$21.8B
Goodwill	$808M
Intangible Assets	$0
Long-Term Investments	$1.5B
Tax Assets	$97M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$24.2B
TOTAL ASSETS	$28.2B
Account Payables	$1.6B
Short-Term Debt	$21M
Deferred Revenue	$0
Other Current Liabilities	$105M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$4.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.1B
TOTAL NON-CURRENT LIABILITIES	$10.9B
TOTAL LIABILITIES	$12.6B
Common Stock	$4.9B
Additional Paid-In Capital	$145M
Retained Earnings	$10.2B
Treasury Stock	$0
Accum. Other Comp. Income	$284M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.5B
Minority Interest	$94M
TOTAL EQUITY	$15.6B
TOTAL LIABILITIES & EQUITY	$28.2B
Total Debt	$4.8B
Net Debt	$3.6B