WNC FY 2014 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.6B	—	13.9%
Op. Income	$122M	—	$103M	—	18.6%
Gross Margin	12.5%	—	13.2%	—	-0.7pp
Net Margin	3.3%	—	2.8%	—	0.4pp
EPS (Diluted)	$0.85	—	$0.67	—	26.9%
Free Cash Flow	$73M	—	$110M	—	-34.1%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.6B
GROSS PROFIT	$233M
R&D Expenses	$2M
Selling & Marketing	$27M
General & Administrative	$62M
SG&A Expenses	$88M
Other Expenses	-$2M
Operating Expenses	$110M
Cost & Expenses	$1.7B
OPERATING INCOME	$122M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$98M
Income Tax Expense	$38M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$39M
EBIT	$122M
EBITDA	$159M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.6B
GROSS PROFIT	$233M
R&D Expenses	$2M
Selling & Marketing	$27M
General & Administrative	$62M
SG&A Expenses	$88M
Other Expenses	-$2M
Operating Expenses	$110M
Cost & Expenses	$1.7B
OPERATING INCOME	$122M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$98M
Income Tax Expense	$38M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$60M
D&A	$39M
EBIT	$122M
EBITDA	$159M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$39M
Stock-Based Compensation	$8M
Deferred Income Tax	$17M
Other Non-Cash Items	$8M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$93M
Capital Expenditure	-$20M
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$20M
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	-$44M
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$73M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$146M
Short-Term Investments	$0
Net Receivables	$135M
Inventory	$177M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$486M
PP&E (Net)	$143M
Goodwill	$150M
Intangible Assets	$137M
Long-Term Investments	-$17M
Tax Assets	$17M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$443M
TOTAL ASSETS	$929M
Account Payables	$96M
Short-Term Debt	$2M
Deferred Revenue	$22M
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$187M
Long-Term Debt	$325M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$351M
TOTAL LIABILITIES	$538M
Common Stock	$709.0K
Additional Paid-In Capital	$636M
Retained Earnings	-$216M
Treasury Stock	-$29M
Accum. Other Comp. Income	-$637.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$391M
Minority Interest	$0
TOTAL EQUITY	$391M
TOTAL LIABILITIES & EQUITY	$929M
Total Debt	$333M
Net Debt	$186M