TEX FY 2021 Earnings Report — Terex Corporation Revenue & Financial Results | Market Cap Arena

Terex CorporationTEX

FY 2021 Earnings

Reported February 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.1B	—	26.3%
Op. Income	$328M	—	$68M	—	379.5%
Gross Margin	19.5%	—	17.5%	—	2.0pp
Net Margin	5.7%	—	-0.3%	—	6.0pp
EPS (Diluted)	$3.07	—	$0.13	—	2261.5%
Free Cash Flow	$234M	—	$161M	—	45.2%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.1B
GROSS PROFIT	$757M
R&D Expenses	$52M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$378M
Other Expenses	-$600.0K
Operating Expenses	$429M
Cost & Expenses	$3.6B
OPERATING INCOME	$328M
Interest Income	$4M
Interest Expense	$52M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$264M
Income Tax Expense	$46M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$3M
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$50M
EBIT	$315M
EBITDA	$366M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.1B
GROSS PROFIT	$757M
R&D Expenses	$52M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$378M
Other Expenses	-$600.0K
Operating Expenses	$429M
Cost & Expenses	$3.6B
OPERATING INCOME	$328M
Interest Income	$4M
Interest Expense	$52M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$264M
Income Tax Expense	$46M
Net Income from Continuing Ops	$218M
Net Income from Discontinued Ops	$3M
Other Adjustments	$0
NET INCOME	$221M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$218M
D&A	$50M
EBIT	$315M
EBITDA	$366M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$221M
Depreciation & Amortization	$50M
Stock-Based Compensation	$33M
Deferred Income Tax	$1M
Other Non-Cash Items	$43M
Change in Working Capital	-$55M
OPERATING CASH FLOW	$293M
Capital Expenditure	-$60M
Acquisitions (Net)	-$43M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$60M
Other Investing Activities	-$58M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	-$503M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$34M
Other Financing Activities	-$40M
NET CASH FROM FINANCING	-$580M
FREE CASH FLOW	$234M
Net Change in Cash	-$403M

Balance Sheet

Item	Amount
Cash & Equivalents	$267M
Short-Term Investments	$0
Net Receivables	$508M
Inventory	$814M
Other Current Assets	$57M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$529M
Goodwill	$280M
Intangible Assets	$13M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$273M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.9B
Account Payables	$538M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$235M
TOTAL CURRENT LIABILITIES	$910M
Long-Term Debt	$665M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$844M
TOTAL LIABILITIES	$1.8B
Common Stock	$900.0K
Additional Paid-In Capital	$860M
Retained Earnings	$937M
Treasury Stock	-$460M
Accum. Other Comp. Income	-$229M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$767M
Net Debt	$501M