WNC FY 2016 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2016 Earnings

Reported February 27, 2017

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	$1.8B	—	$2.0B	—	-9.0%
Op. Income	$203M	—	$180M	—	12.3%
Gross Margin	17.6%	—	15.0%	—	2.7pp
Net Margin	6.5%	—	5.1%	—	1.3pp
EPS (Diluted)	$1.82	—	$1.50	—	21.3%
Free Cash Flow	$158M	—	$111M	—	42.8%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$326M
R&D Expenses	$6M
Selling & Marketing	$27M
General & Administrative	$74M
SG&A Expenses	$101M
Other Expenses	-$1M
Operating Expenses	$123M
Cost & Expenses	$1.6B
OPERATING INCOME	$203M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$185M
Income Tax Expense	$66M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$37M
EBIT	$201M
EBITDA	$238M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$326M
R&D Expenses	$6M
Selling & Marketing	$27M
General & Administrative	$74M
SG&A Expenses	$101M
Other Expenses	-$1M
Operating Expenses	$123M
Cost & Expenses	$1.6B
OPERATING INCOME	$203M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$185M
Income Tax Expense	$66M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$37M
EBIT	$201M
EBITDA	$238M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$37M
Stock-Based Compensation	$12M
Deferred Income Tax	$2M
Other Non-Cash Items	$7M
Change in Working Capital	$1M
OPERATING CASH FLOW	$179M
Capital Expenditure	-$20M
Acquisitions (Net)	$19.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	-$102M
Common Stock Repurchased	-$80M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$177M
FREE CASH FLOW	$158M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$0
Net Receivables	$154M
Inventory	$140M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$481M
PP&E (Net)	$134M
Goodwill	$148M
Intangible Assets	$94M
Long-Term Investments	$0
Tax Assets	$20M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$417M
TOTAL ASSETS	$899M
Account Payables	$71M
Short-Term Debt	$3M
Deferred Revenue	$19M
Other Current Liabilities	$65M
TOTAL CURRENT LIABILITIES	$167M
Long-Term Debt	$233M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$499.0K
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$260M
TOTAL LIABILITIES	$426M
Common Stock	$725.0K
Additional Paid-In Capital	$641M
Retained Earnings	$4M
Treasury Stock	-$170M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$472M
Minority Interest	$0
TOTAL EQUITY	$472M
TOTAL LIABILITIES & EQUITY	$899M
Total Debt	$238M
Net Debt	$74M