TECK Q3 2018 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

Q3 2018 Earnings

Reported October 25, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$2.3B	$2.2B	—	6.4%	—
Op. Income	$1.2B	$785M	—	56.6%	—
Gross Margin	31.4%	41.1%	—	-9.7pp	—
Net Margin	39.9%	21.0%	—	18.9pp	—
EPS (Diluted)	$1.62	$0.80	—	100.9%	—
Free Cash Flow	$215M	$421M	—	-49.0%	—

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$737M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$26M
SG&A Expenses	$26M
Other Expenses	-$524M
Operating Expenses	-$492M
Cost & Expenses	$1.1B
OPERATING INCOME	$1.2B
Interest Income	$7M
Interest Expense	$41M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$240M
Net Income from Continuing Ops	$943M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$936M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$936M
D&A	$278M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$737M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$26M
SG&A Expenses	$26M
Other Expenses	-$524M
Operating Expenses	-$492M
Cost & Expenses	$1.1B
OPERATING INCOME	$1.2B
Interest Income	$7M
Interest Expense	$41M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$240M
Net Income from Continuing Ops	$943M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$936M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$936M
D&A	$278M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$943M
Depreciation & Amortization	$278M
Stock-Based Compensation	$0
Deferred Income Tax	$240M
Other Non-Cash Items	-$691M
Change in Working Capital	-$129M
OPERATING CASH FLOW	$641M
Capital Expenditure	-$426M
Acquisitions (Net)	$118M
Purchases of Investments	-$102M
Sales/Maturities of Investments	$881M
Other Investing Activities	-$118M
NET CASH FROM INVESTING	$371M
Net Debt Issuance	-$973M
Common Stock Repurchased	$0
Common Dividends Paid	-$21M
Other Financing Activities	-$109M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$215M
Net Change in Cash	-$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$930M
Inventory	$1.5B
Other Current Assets	$202M
TOTAL CURRENT ASSETS	$3.7B
PP&E (Net)	$22.0B
Goodwill	$803M
Intangible Assets	$0
Long-Term Investments	$1.4B
Tax Assets	$97M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$24.4B
TOTAL ASSETS	$28.0B
Account Payables	$1.5B
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$3.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6.2B
TOTAL NON-CURRENT LIABILITIES	$10.0B
TOTAL LIABILITIES	$11.6B
Common Stock	$4.9B
Additional Paid-In Capital	$0
Retained Earnings	$11.1B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$355M
TOTAL STOCKHOLDERS' EQUITY	$16.3B
Minority Interest	$93M
TOTAL EQUITY	$16.4B
TOTAL LIABILITIES & EQUITY	$28.0B
Total Debt	$3.8B
Net Debt	$2.7B