WFG FY 2016 Earnings Report — West Fraser Timber Co. Ltd. Revenue & Financial Results | Market Cap Arena

West Fraser Timber Co. Ltd.WFG

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.2B	—	12.1%
Op. Income	$262M	—	$131M	—	99.9%
Gross Margin	33.2%	—	29.9%	—	3.3pp
Net Margin	7.3%	—	2.5%	—	4.8pp
EPS (Diluted)	$2.12	—	$0.47	—	353.1%
Free Cash Flow	$226M	—	$43M	—	430.2%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$805M
R&D Expenses	$0
Selling & Marketing	$342M
General & Administrative	$93M
SG&A Expenses	$435M
Other Expenses	$5M
Operating Expenses	$543M
Cost & Expenses	$2.2B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$242M
Income Tax Expense	$64M
Net Income from Continuing Ops	$177M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	$5M
BOTTOM LINE NET INCOME	$172M
D&A	$107M
EBIT	$255M
EBITDA	$372M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$805M
R&D Expenses	$0
Selling & Marketing	$342M
General & Administrative	$93M
SG&A Expenses	$435M
Other Expenses	$5M
Operating Expenses	$543M
Cost & Expenses	$2.2B
OPERATING INCOME	$262M
Interest Income	$0
Interest Expense	$18M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$242M
Income Tax Expense	$64M
Net Income from Continuing Ops	$177M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$177M
Net Income Deductions	$5M
BOTTOM LINE NET INCOME	$172M
D&A	$107M
EBIT	$255M
EBITDA	$372M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$177M
Depreciation & Amortization	$107M
Stock-Based Compensation	$0
Deferred Income Tax	$64M
Other Non-Cash Items	-$57M
Change in Working Capital	$49M
OPERATING CASH FLOW	$375M
Capital Expenditure	-$149M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	-$98M
Common Stock Repurchased	-$103M
Common Dividends Paid	-$12M
Other Financing Activities	-$49M
NET CASH FROM FINANCING	-$303M
FREE CASH FLOW	$226M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	-$9M
Net Receivables	$162M
Inventory	$316M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$510M
PP&E (Net)	$917M
Goodwill	$194M
Intangible Assets	$308M
Long-Term Investments	$5M
Tax Assets	$19M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.0B
Account Payables	$115M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$104M
TOTAL CURRENT LIABILITIES	$250M
Long-Term Debt	$225M
Deferred Revenue NC	$139M
Deferred Tax Liabilities	$117M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$490M
TOTAL LIABILITIES	$740M
Common Stock	$299M
Additional Paid-In Capital	$0
Retained Earnings	$839M
Treasury Stock	$0
Accum. Other Comp. Income	$82M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$225M
Net Debt	$188M