TEX FY 2017 Earnings Report — Terex Corporation Revenue & Financial Results | Market Cap Arena

Terex CorporationTEX

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.8B	—	$4.4B	—	-14.6%
Op. Income	$228M	—	-$142M	—	260.9%
Gross Margin	20.2%	—	17.5%	—	2.8pp
Net Margin	3.4%	—	-4.0%	—	7.4pp
EPS (Diluted)	$1.17	—	$-1.79	—	165.4%
Free Cash Flow	$110M	—	$304M	—	-64.0%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.0B
GROSS PROFIT	$767M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$479M
Other Expenses	$5M
Operating Expenses	$539M
Cost & Expenses	$3.6B
OPERATING INCOME	$228M
Interest Income	$7M
Interest Expense	$68M
Other Income/Expenses	-$65M
INCOME BEFORE TAX	$163M
Income Tax Expense	$52M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$18M
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$67M
EBIT	$231M
EBITDA	$297M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$3.0B
GROSS PROFIT	$767M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$479M
Other Expenses	$5M
Operating Expenses	$539M
Cost & Expenses	$3.6B
OPERATING INCOME	$228M
Interest Income	$7M
Interest Expense	$68M
Other Income/Expenses	-$65M
INCOME BEFORE TAX	$163M
Income Tax Expense	$52M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$18M
Other Adjustments	$0
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$67M
EBIT	$231M
EBITDA	$297M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$129M
Depreciation & Amortization	$67M
Stock-Based Compensation	$39M
Deferred Income Tax	$38M
Other Non-Cash Items	-$76M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$44M
Acquisitions (Net)	$803M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1.6B
NET CASH FROM INVESTING	$1.5B
Net Debt Issuance	-$583M
Common Stock Repurchased	-$925M
Common Dividends Paid	-$30M
Other Financing Activities	-$69M
NET CASH FROM FINANCING	-$1.6B
FREE CASH FLOW	$110M
Net Change in Cash	$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$627M
Short-Term Investments	$0
Net Receivables	$580M
Inventory	$970M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$311M
Goodwill	$274M
Intangible Assets	$14M
Long-Term Investments	$116M
Tax Assets	-$116M
Other Non-Current Assets	$481M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$3.5B
Account Payables	$592M
Short-Term Debt	$5M
Deferred Revenue	-$592M
Other Current Liabilities	$278M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$980M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$222M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.2B
Common Stock	$1M
Additional Paid-In Capital	$1.3B
Retained Earnings	$2.0B
Treasury Stock	-$1.9B
Accum. Other Comp. Income	-$240M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$500.0K
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$985M
Net Debt	$358M