$HXL
HEXCEL CORP /DE/

2017 Q3 Form 10-Q Financial Statement

#000156459017019608 Filed on October 18, 2017

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q3
Revenue $491.5M $500.5M
YoY Change -1.8% 11.52%
Cost Of Revenue $355.9M $364.8M
YoY Change -2.44% 12.35%
Gross Profit $135.6M $135.7M
YoY Change -0.07% 9.35%
Gross Profit Margin 27.59% 27.11%
Selling, General & Admin $34.70M $35.10M
YoY Change -1.14% -1.13%
% of Gross Profit 25.59% 25.87%
Research & Development $11.80M $11.50M
YoY Change 2.61% 8.49%
% of Gross Profit 8.7% 8.47%
Depreciation & Amortization $26.80M $23.50M
YoY Change 14.04% 21.76%
% of Gross Profit 19.76% 17.32%
Operating Expenses $34.70M $46.60M
YoY Change -25.54% 1.08%
Operating Profit $89.10M $89.10M
YoY Change 0.0% 14.23%
Interest Expense -$7.000M -$5.500M
YoY Change 27.27% 19.57%
% of Operating Profit -7.86% -6.17%
Other Income/Expense, Net $0.00 $0.00
YoY Change
Pretax Income $82.10M $83.60M
YoY Change -1.79% 13.9%
Income Tax $13.60M $16.10M
% Of Pretax Income 16.57% 19.26%
Net Earnings $69.70M $68.20M
YoY Change 2.2% 27.48%
Net Earnings / Revenue 14.18% 13.63%
Basic Earnings Per Share $0.77 $0.74
Diluted Earnings Per Share $0.76 $0.72
COMMON SHARES
Basic Shares Outstanding 90.10M
Diluted Shares Outstanding 91.40M

Balance Sheet

Concept 2017 Q3 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $119.1M $45.70M
YoY Change 160.61% 5.79%
Cash & Equivalents $119.1M $45.70M
Short-Term Investments
Other Short-Term Assets $30.00M $25.90M
YoY Change 15.83% -74.23%
Inventory $313.4M $315.1M
Prepaid Expenses
Receivables $245.0M $254.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $707.5M $641.1M
YoY Change 10.36% -11.88%
LONG-TERM ASSETS
Property, Plant & Equipment $1.826B $1.590B
YoY Change 14.83% 14.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $67.10M $48.30M
YoY Change 38.92% 45.92%
Other Assets $63.10M $37.60M
YoY Change 67.82% 35.74%
Total Long-Term Assets $2.030B $1.750B
YoY Change 16.02% 15.62%
TOTAL ASSETS
Total Short-Term Assets $707.5M $641.1M
Total Long-Term Assets $2.030B $1.750B
Total Assets $2.737B $2.391B
YoY Change 14.5% 6.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $128.6M $149.3M
YoY Change -13.86% 11.25%
Accrued Expenses $125.0M $122.6M
YoY Change 1.96% -14.45%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $4.200M $4.700M
YoY Change -10.64%
Total Short-Term Liabilities $257.8M $276.6M
YoY Change -6.8% -0.32%
LONG-TERM LIABILITIES
Long-Term Debt $829.6M $670.2M
YoY Change 23.78% 12.37%
Other Long-Term Liabilities $223.1M $184.4M
YoY Change 20.99% 7.52%
Total Long-Term Liabilities $1.053B $854.6M
YoY Change 23.18% 11.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $257.8M $276.6M
Total Long-Term Liabilities $1.053B $854.6M
Total Liabilities $1.311B $1.131B
YoY Change 15.85% 8.21%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.427B $1.259B
YoY Change
Total Liabilities & Shareholders Equity $2.737B $2.391B
YoY Change 14.5% 6.69%

Cashflow Statement

Concept 2017 Q3 2016 Q3
OPERATING ACTIVITIES
Net Income $69.70M $68.20M
YoY Change 2.2% 27.48%
Depreciation, Depletion And Amortization $26.80M $23.50M
YoY Change 14.04% 21.76%
Cash From Operating Activities $126.1M $151.9M
YoY Change -16.98% 33.13%
INVESTING ACTIVITIES
Capital Expenditures -$52.10M -$75.80M
YoY Change -31.27% -8.67%
Acquisitions
YoY Change
Other Investing Activities -$2.000M $0.00
YoY Change
Cash From Investing Activities -$54.10M -$75.80M
YoY Change -28.63% -8.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.800M -69.30M
YoY Change -97.4% 264.74%
NET CHANGE
Cash From Operating Activities 126.1M 151.9M
Cash From Investing Activities -54.10M -75.80M
Cash From Financing Activities -1.800M -69.30M
Net Change In Cash 70.20M 6.800M
YoY Change 932.35% -43.8%
FREE CASH FLOW
Cash From Operating Activities $126.1M $151.9M
Capital Expenditures -$52.10M -$75.80M
Free Cash Flow $178.2M $227.7M
YoY Change -21.74% 15.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CommonStockDividendsPerShareDeclared
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us-gaap Depreciation Depletion And Amortization
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us-gaap Amortization Of Financing Costs And Discounts
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Deferred Income Taxes And Tax Credits
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us-gaap Share Based Compensation
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Other Operating Capital Net
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us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Businesses And Interest In Affiliates
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Proceeds From Issuance Of Senior Long Term Debt
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hxl Proceeds From Settlement Of Treasury Lock
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CY2016 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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CY2016Q4 us-gaap Inventory Work In Process Net Of Reserves
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CY2016Q4 us-gaap Inventory Finished Goods Net Of Reserves
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CY2016Q4 us-gaap Capital Lease Obligations Current
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CY2017Q3 us-gaap Loans Payable Current
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CY2016Q4 us-gaap Loans Payable Current
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CY2017Q3 us-gaap Long Term Debt Current
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CY2016Q4 us-gaap Long Term Debt Current
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CY2017Q3 us-gaap Other Long Term Debt
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CY2017Q3 us-gaap Long Term Debt
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CY2016Q4 us-gaap Long Term Debt
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CY2017Q1 us-gaap Repayments Of Long Term Lines Of Credit
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CY2017Q3 us-gaap Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
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us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2017Q3 us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2016Q3 us-gaap Tax Adjustments Settlements And Unusual Provisions
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CY2016 us-gaap Effective Income Tax Rate Continuing Operations
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CY2016Q3 us-gaap Depreciation Depletion And Amortization
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CY2016Q3 us-gaap Share Based Compensation
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CY2016Q3 us-gaap Capital Expenditures Incurred But Not Yet Paid
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us-gaap Goodwill And Intangible Asset Impairment
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
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CY2017Q3 us-gaap Accrual For Environmental Loss Contingencies
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CY2016Q4 us-gaap Accrual For Environmental Loss Contingencies
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CY2017Q3 us-gaap Accrued Environmental Loss Contingencies Current
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CY2016Q4 us-gaap Accrued Environmental Loss Contingencies Current
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CY2017Q3 hxl Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
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CY2016Q4 hxl Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
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CY2017Q3 hxl Accrual For Environmental Loss Contingencies High End Of Range
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CY2016Q3 hxl Environmental Cost Contingencies Reserve Period Increase Decrease
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hxl Environmental Cost Contingencies Reserve Period Increase Decrease
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hxl Environmental Cost Contingencies Reserve Period Increase Decrease
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CY2016Q3 us-gaap Environmental Exit Costs Anticipated Cost
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us-gaap Environmental Exit Costs Anticipated Cost
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us-gaap Environmental Exit Costs Anticipated Cost
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CY2017Q3 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2017Q3 hxl Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
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600000
CY2017Q3 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5800000

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