$HXL
HEXCEL CORP /DE/

2018 Q2 Form 10-Q Financial Statement

#000156459018017213 Filed on July 23, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $547.5M $491.3M
YoY Change 11.44% -5.99%
Cost Of Revenue $402.7M $351.4M
YoY Change 14.6% -5.61%
Gross Profit $144.8M $139.9M
YoY Change 3.5% -6.92%
Gross Profit Margin 26.45% 28.48%
Selling, General & Admin $35.30M $38.10M
YoY Change -7.35% -1.3%
% of Gross Profit 24.38% 27.23%
Research & Development $13.00M $12.10M
YoY Change 7.44% 4.31%
% of Gross Profit 8.98% 8.65%
Depreciation & Amortization $29.80M $25.10M
YoY Change 18.73% 7.73%
% of Gross Profit 20.58% 17.94%
Operating Expenses $48.30M $50.20M
YoY Change -3.78% 0.0%
Operating Profit $96.50M $89.70M
YoY Change 7.58% -10.39%
Interest Expense $8.700M $6.800M
YoY Change 27.94% -219.3%
% of Operating Profit 9.02% 7.58%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $87.80M $82.90M
YoY Change 5.91% -11.81%
Income Tax $20.00M $22.10M
% Of Pretax Income 22.78% 26.66%
Net Earnings $68.80M $61.60M
YoY Change 11.69% -6.81%
Net Earnings / Revenue 12.57% 12.54%
Basic Earnings Per Share $0.77 $0.68
Diluted Earnings Per Share $0.76 $0.67
COMMON SHARES
Basic Shares Outstanding 88.80M 90.70M
Diluted Shares Outstanding 92.00M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.10M $45.50M
YoY Change -14.07% 16.97%
Cash & Equivalents $39.10M $45.50M
Short-Term Investments
Other Short-Term Assets $38.40M $36.60M
YoY Change 4.92% 53.14%
Inventory $305.4M $313.0M
Prepaid Expenses
Receivables $324.9M $253.3M
Other Receivables $0.00 $0.00
Total Short-Term Assets $707.8M $648.4M
YoY Change 9.16% -5.29%
LONG-TERM ASSETS
Property, Plant & Equipment $1.880B $1.786B
YoY Change 5.27% 17.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $44.60M $63.90M
YoY Change -30.2% 32.02%
Other Assets $58.80M $56.00M
YoY Change 5.0% 43.96%
Total Long-Term Assets $2.128B $1.979B
YoY Change 7.55% 17.44%
TOTAL ASSETS
Total Short-Term Assets $707.8M $648.4M
Total Long-Term Assets $2.128B $1.979B
Total Assets $2.836B $2.627B
YoY Change 7.95% 10.88%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $147.1M $139.5M
YoY Change 5.45% -0.64%
Accrued Expenses $68.60M $127.0M
YoY Change -45.98% -2.61%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $9.300M $4.300M
YoY Change 116.28% 437.5%
Total Short-Term Liabilities $293.8M $270.8M
YoY Change 8.49% -0.29%
LONG-TERM LIABILITIES
Long-Term Debt $930.1M $817.3M
YoY Change 13.8% 15.63%
Other Long-Term Liabilities $171.1M $208.9M
YoY Change -18.09% 25.77%
Total Long-Term Liabilities $1.101B $208.9M
YoY Change 427.14% -76.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $293.8M $270.8M
Total Long-Term Liabilities $1.101B $208.9M
Total Liabilities $1.436B $1.297B
YoY Change 10.74% 13.32%
SHAREHOLDERS EQUITY
Retained Earnings $1.606B $1.361B
YoY Change 18.05%
Common Stock $793.1M $764.2M
YoY Change 3.78%
Preferred Stock
YoY Change
Treasury Stock (at cost) $918.7M $701.5M
YoY Change 30.96%
Treasury Stock Shares $20.90M $17.70M
Shareholders Equity $1.400B $1.330B
YoY Change
Total Liabilities & Shareholders Equity $2.836B $2.627B
YoY Change 7.95% 10.88%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $68.80M $61.60M
YoY Change 11.69% -6.81%
Depreciation, Depletion And Amortization $29.80M $25.10M
YoY Change 18.73% 7.73%
Cash From Operating Activities $94.60M $128.2M
YoY Change -26.21% 2.89%
INVESTING ACTIVITIES
Capital Expenditures -$42.40M -$83.70M
YoY Change -49.34% 18.56%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$42.40M -$83.70M
YoY Change -49.34% -12.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.80M -85.00M
YoY Change -32.0% 558.91%
NET CHANGE
Cash From Operating Activities 94.60M 128.2M
Cash From Investing Activities -42.40M -83.70M
Cash From Financing Activities -57.80M -85.00M
Net Change In Cash -5.600M -40.50M
YoY Change -86.17% -351.55%
FREE CASH FLOW
Cash From Operating Activities $94.60M $128.2M
Capital Expenditures -$42.40M -$83.70M
Free Cash Flow $137.0M $211.9M
YoY Change -35.35% 8.56%

Facts In Submission

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2400000
CY2017Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
77200000
us-gaap Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
0
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-32900000
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
2900000
CY2018Q2 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2900000
CY2017Q4 us-gaap Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
2800000
CY2018Q2 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
1000000
CY2017Q4 us-gaap Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
900000
CY2018Q2 hxl Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
0
CY2018Q2 us-gaap Environmental Exit Costs Anticipated Cost
EnvironmentalExitCostsAnticipatedCost
2600000
CY2017Q2 us-gaap Environmental Exit Costs Anticipated Cost
EnvironmentalExitCostsAnticipatedCost
2500000
us-gaap Environmental Exit Costs Anticipated Cost
EnvironmentalExitCostsAnticipatedCost
5100000
us-gaap Environmental Exit Costs Anticipated Cost
EnvironmentalExitCostsAnticipatedCost
4700000
CY2017Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3600000
CY2018Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1000000
CY2018Q1 hxl Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
700000
CY2018Q1 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
3900000
CY2018Q2 us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
1800000
CY2018Q2 hxl Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
500000
CY2018Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
5200000

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