WNC FY 2017 Earnings Report — Wabash National Corporation Revenue & Financial Results | Market Cap Arena

Wabash National CorporationWNC

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-4.2%
Op. Income	$131M	—	$203M	—	-35.4%
Gross Margin	14.8%	—	17.6%	—	-2.9pp
Net Margin	6.3%	—	6.5%	—	-0.2pp
EPS (Diluted)	$1.78	—	$1.82	—	-2.2%
Free Cash Flow	$118M	—	$158M	—	-25.3%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$261M
R&D Expenses	$4M
Selling & Marketing	$26M
General & Administrative	$78M
SG&A Expenses	$103M
Other Expenses	$8M
Operating Expenses	$120M
Cost & Expenses	$1.6B
OPERATING INCOME	$131M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$123M
Income Tax Expense	$11M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$35M
EBIT	$139M
EBITDA	$174M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.5B
GROSS PROFIT	$261M
R&D Expenses	$4M
Selling & Marketing	$26M
General & Administrative	$78M
SG&A Expenses	$103M
Other Expenses	$8M
Operating Expenses	$120M
Cost & Expenses	$1.6B
OPERATING INCOME	$131M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$123M
Income Tax Expense	$11M
Net Income from Continuing Ops	$111M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$35M
EBIT	$139M
EBITDA	$174M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$35M
Stock-Based Compensation	$10M
Deferred Income Tax	-$15M
Other Non-Cash Items	-$14M
Change in Working Capital	$16M
OPERATING CASH FLOW	$144M
Capital Expenditure	-$26M
Acquisitions (Net)	-$323M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$332M
Net Debt Issuance	$307M
Common Stock Repurchased	-$74M
Common Dividends Paid	-$15M
Other Financing Activities	-$993.0K
NET CASH FROM FINANCING	$216M
FREE CASH FLOW	$118M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$192M
Short-Term Investments	$0
Net Receivables	$147M
Inventory	$181M
Other Current Assets	$50M
TOTAL CURRENT ASSETS	$576M
PP&E (Net)	$195M
Goodwill	$317M
Intangible Assets	$237M
Long-Term Investments	-$37M
Tax Assets	$37M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$775M
TOTAL ASSETS	$1.4B
Account Payables	$108M
Short-Term Debt	$46M
Deferred Revenue	$26M
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$284M
Long-Term Debt	$504M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$562M
TOTAL LIABILITIES	$845M
Common Stock	$737.0K
Additional Paid-In Capital	$653M
Retained Earnings	$99M
Treasury Stock	-$244M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$506M
Minority Interest	$0
TOTAL EQUITY	$506M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$551M
Net Debt	$360M