WNC FY 2015 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2015 Earnings

Reported February 26, 2016

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	$2.0B	—	$1.9B	—	8.8%
Op. Income	$180M	—	$122M	—	47.4%
Gross Margin	15.0%	—	12.5%	—	2.5pp
Net Margin	5.1%	—	3.3%	—	1.9pp
EPS (Diluted)	$1.50	—	$0.85	—	76.5%
Free Cash Flow	$111M	—	$73M	—	52.7%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.7B
GROSS PROFIT	$303M
R&D Expenses	$5M
Selling & Marketing	$27M
General & Administrative	$73M
SG&A Expenses	$101M
Other Expenses	$2M
Operating Expenses	$123M
Cost & Expenses	$1.8B
OPERATING INCOME	$180M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$163M
Income Tax Expense	$59M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$38M
EBIT	$183M
EBITDA	$221M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.7B
GROSS PROFIT	$303M
R&D Expenses	$5M
Selling & Marketing	$27M
General & Administrative	$73M
SG&A Expenses	$101M
Other Expenses	$2M
Operating Expenses	$123M
Cost & Expenses	$1.8B
OPERATING INCOME	$180M
Interest Income	$0
Interest Expense	$20M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$163M
Income Tax Expense	$59M
Net Income from Continuing Ops	$104M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$104M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$38M
EBIT	$183M
EBITDA	$221M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$104M
Depreciation & Amortization	$38M
Stock-Based Compensation	$10M
Deferred Income Tax	-$8M
Other Non-Cash Items	$5M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$29M
Common Stock Repurchased	-$62M
Common Dividends Paid	$0
Other Financing Activities	-$575.0K
NET CASH FROM FINANCING	-$91M
FREE CASH FLOW	$111M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$0
Net Receivables	$153M
Inventory	$167M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$530M
PP&E (Net)	$140M
Goodwill	$150M
Intangible Assets	$115M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$421M
TOTAL ASSETS	$950M
Account Payables	$80M
Short-Term Debt	$38M
Deferred Revenue	$15M
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$211M
Long-Term Debt	$275M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$299M
TOTAL LIABILITIES	$510M
Common Stock	$715.0K
Additional Paid-In Capital	$643M
Retained Earnings	-$112M
Treasury Stock	-$90M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$440M
Minority Interest	$0
TOTAL EQUITY	$440M
TOTAL LIABILITIES & EQUITY	$950M
Total Debt	$316M
Net Debt	$137M