WFG FY 2015 Earnings Report — West Fraser Timber Co. Ltd. Revenue & Financial Results | Market Cap Arena

West Fraser Timber Co. Ltd.WFG

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.4B	—	-11.1%
Op. Income	$131M	—	$256M	—	-48.7%
Gross Margin	29.9%	—	34.2%	—	-4.3pp
Net Margin	2.5%	—	6.7%	—	-4.2pp
EPS (Diluted)	$0.47	—	$1.93	—	-75.8%
Free Cash Flow	$43M	—	$41M	—	4.2%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$646M
R&D Expenses	$0
Selling & Marketing	$330M
General & Administrative	$69M
SG&A Expenses	$399M
Other Expenses	$2M
Operating Expenses	$515M
Cost & Expenses	$2.0B
OPERATING INCOME	$131M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$82M
Income Tax Expense	$27M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$15M
BOTTOM LINE NET INCOME	$40M
D&A	$101M
EBIT	$95M
EBITDA	$230M
EPS	$1
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$646M
R&D Expenses	$0
Selling & Marketing	$330M
General & Administrative	$69M
SG&A Expenses	$399M
Other Expenses	$2M
Operating Expenses	$515M
Cost & Expenses	$2.0B
OPERATING INCOME	$131M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$82M
Income Tax Expense	$27M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$15M
BOTTOM LINE NET INCOME	$40M
D&A	$101M
EBIT	$95M
EBITDA	$230M
EPS	$1
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$101M
Stock-Based Compensation	$0
Deferred Income Tax	$27M
Other Non-Cash Items	-$37M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$159M
Capital Expenditure	-$116M
Acquisitions (Net)	-$40M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$152M
Net Debt Issuance	$0
Common Stock Repurchased	-$32M
Common Dividends Paid	-$12M
Other Financing Activities	$33M
NET CASH FROM FINANCING	-$28M
FREE CASH FLOW	$43M
Net Change in Cash	-$527.1K

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	-$3M
Net Receivables	$163M
Inventory	$333M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$512M
PP&E (Net)	$848M
Goodwill	$189M
Intangible Assets	$306M
Long-Term Investments	$13M
Tax Assets	$42M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.9B
Account Payables	$100M
Short-Term Debt	$94M
Deferred Revenue	$111M
Other Current Liabilities	$108M
TOTAL CURRENT LIABILITIES	$319M
Long-Term Debt	$223M
Deferred Revenue NC	$130M
Deferred Tax Liabilities	$100M
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$465M
TOTAL LIABILITIES	$784M
Common Stock	$305M
Additional Paid-In Capital	$0
Retained Earnings	$740M
Treasury Stock	$0
Accum. Other Comp. Income	$86M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$317M
Net Debt	$307M