WNC FY 2013 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2013 Earnings

Reported February 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	11.9%
Op. Income	$103M	—	$70M	—	46.4%
Gross Margin	13.2%	—	11.2%	—	1.9pp
Net Margin	2.8%	—	7.2%	—	-4.4pp
EPS (Diluted)	$0.67	—	$1.53	—	-56.2%
Free Cash Flow	$110M	—	$61M	—	80.5%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$215M
R&D Expenses	$2M
Selling & Marketing	$31M
General & Administrative	$59M
SG&A Expenses	$89M
Other Expenses	$3M
Operating Expenses	$111M
Cost & Expenses	$1.5B
OPERATING INCOME	$103M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$78M
Income Tax Expense	$31M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$38M
EBIT	$103M
EBITDA	$142M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$215M
R&D Expenses	$2M
Selling & Marketing	$31M
General & Administrative	$59M
SG&A Expenses	$89M
Other Expenses	$3M
Operating Expenses	$111M
Cost & Expenses	$1.5B
OPERATING INCOME	$103M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$78M
Income Tax Expense	$31M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$38M
EBIT	$103M
EBITDA	$142M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$38M
Stock-Based Compensation	$7M
Deferred Income Tax	$30M
Other Non-Cash Items	$9M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$129M
Capital Expenditure	-$18M
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$65M
Common Stock Repurchased	-$35.0K
Common Dividends Paid	$0
Other Financing Activities	-$381.0K
NET CASH FROM FINANCING	-$65M
FREE CASH FLOW	$110M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$113M
Short-Term Investments	$0
Net Receivables	$120M
Inventory	$184M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$458M
PP&E (Net)	$142M
Goodwill	$150M
Intangible Assets	$159M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$465M
TOTAL ASSETS	$924M
Account Payables	$112M
Short-Term Debt	$5M
Deferred Revenue	$31M
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$216M
Long-Term Debt	$359M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$385M
TOTAL LIABILITIES	$601M
Common Stock	$705.0K
Additional Paid-In Capital	$626M
Retained Earnings	-$277M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$18.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$322M
Minority Interest	$0
TOTAL EQUITY	$322M
TOTAL LIABILITIES & EQUITY	$924M
Total Debt	$371M
Net Debt	$257M