TEX FY 2014 Earnings Report — Terex Corporation Revenue & Financial Results | Market Cap Arena

Terex CorporationTEX

FY 2014 Earnings

Reported February 23, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$5.5B	—	—	—	—
Op. Income	$400M	—	—	—	—
Gross Margin	19.2%	—	—	—	—
Net Margin	5.8%	—	—	—	—
EPS (Diluted)	$2.22	—	—	—	—
Free Cash Flow	$329M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$4.4B
GROSS PROFIT	$1.1B
R&D Expenses	$102M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$549M
Other Expenses	$600.0K
Operating Expenses	$652M
Cost & Expenses	$5.1B
OPERATING INCOME	$400M
Interest Income	$6M
Interest Expense	$123M
Other Income/Expenses	-$121M
INCOME BEFORE TAX	$279M
Income Tax Expense	$27M
Net Income from Continuing Ops	$252M
Net Income from Discontinued Ops	$66M
Other Adjustments	$0
NET INCOME	$319M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$254M
D&A	$166M
EBIT	$401M
EBITDA	$567M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$4.4B
GROSS PROFIT	$1.1B
R&D Expenses	$102M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$549M
Other Expenses	$600.0K
Operating Expenses	$652M
Cost & Expenses	$5.1B
OPERATING INCOME	$400M
Interest Income	$6M
Interest Expense	$123M
Other Income/Expenses	-$121M
INCOME BEFORE TAX	$279M
Income Tax Expense	$27M
Net Income from Continuing Ops	$252M
Net Income from Discontinued Ops	$66M
Other Adjustments	$0
NET INCOME	$319M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$254M
D&A	$166M
EBIT	$401M
EBITDA	$567M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$320M
Depreciation & Amortization	$156M
Stock-Based Compensation	$47M
Deferred Income Tax	-$18M
Other Non-Cash Items	-$73M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$411M
Capital Expenditure	-$82M
Acquisitions (Net)	-$7M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$0
Other Investing Activities	$197M
NET CASH FROM INVESTING	$95M
Net Debt Issuance	-$118M
Common Stock Repurchased	-$171M
Common Dividends Paid	-$22M
Other Financing Activities	-$86M
NET CASH FROM FINANCING	-$397M
FREE CASH FLOW	$329M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$478M
Short-Term Investments	$0
Net Receivables	$1.1B
Inventory	$1.5B
Other Current Assets	$83M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$690M
Goodwill	$1.1B
Intangible Assets	$325M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$425M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$5.9B
Account Payables	$736M
Short-Term Debt	$153M
Deferred Revenue	$197M
Other Current Liabilities	$483M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$610M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.9B
Common Stock	$1M
Additional Paid-In Capital	$1.3B
Retained Earnings	$2.0B
Treasury Stock	-$802M
Accum. Other Comp. Income	-$430M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$33M
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$1.8B
Net Debt	$1.3B