$OC
Owens Corning

2018 Q2 Form 10-Q Financial Statement

#000137094618000026 Filed on July 25, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $1.824B $1.597B
YoY Change 14.21% 3.37%
Cost Of Revenue $1.406B $1.189B
YoY Change 18.25% 5.31%
Gross Profit $418.0M $408.0M
YoY Change 2.45% -1.92%
Gross Profit Margin 22.92% 25.55%
Selling, General & Admin $187.0M $155.0M
YoY Change 20.65% 4.03%
% of Gross Profit 44.74% 37.99%
Research & Development $22.00M $21.00M
YoY Change 4.76% 0.0%
% of Gross Profit 5.26% 5.15%
Depreciation & Amortization $107.0M $84.00M
YoY Change 27.38% 2.44%
% of Gross Profit 25.6% 20.59%
Operating Expenses $215.0M $189.0M
YoY Change 13.76% 7.39%
Operating Profit $203.0M $219.0M
YoY Change -7.31% -8.75%
Interest Expense $33.00M $27.00M
YoY Change 22.22% -6.9%
% of Operating Profit 16.26% 12.33%
Other Income/Expense, Net $3.000M -$29.00M
YoY Change -110.34%
Pretax Income $173.0M $163.0M
YoY Change 6.13% -22.75%
Income Tax $49.00M $67.00M
% Of Pretax Income 28.32% 41.1%
Net Earnings $121.0M $96.00M
YoY Change 26.04% -30.43%
Net Earnings / Revenue 6.63% 6.01%
Basic Earnings Per Share $1.09 $0.86
Diluted Earnings Per Share $1.08 $0.85
COMMON SHARES
Basic Shares Outstanding 110.9M shares 111.6M shares
Diluted Shares Outstanding 111.9M shares 113.1M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $149.0M $199.0M
YoY Change -25.13% 197.01%
Cash & Equivalents $149.0M $199.0M
Short-Term Investments
Other Short-Term Assets $114.0M $72.00M
YoY Change 58.33% 14.29%
Inventory $984.0M $792.0M
Prepaid Expenses
Receivables $948.0M $915.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.200B $1.988B
YoY Change 10.66% 12.0%
LONG-TERM ASSETS
Property, Plant & Equipment $3.722B $3.336B
YoY Change 11.57% 9.06%
Goodwill $1.968B $1.484B
YoY Change 32.61% 10.42%
Intangibles $1.811B $1.361B
YoY Change 33.06% 18.14%
Long-Term Investments $0.00
YoY Change
Other Assets $234.0M $200.0M
YoY Change 17.0% -15.25%
Total Long-Term Assets $7.850B $6.702B
YoY Change 17.13% 8.06%
TOTAL ASSETS
Total Short-Term Assets $2.200B $1.988B
Total Long-Term Assets $7.850B $6.702B
Total Assets $10.05B $8.690B
YoY Change 15.65% 8.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.375B $1.110B
YoY Change 23.87% 13.96%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $1.000M
YoY Change 0.0%
Long-Term Debt Due $4.000M $3.000M
YoY Change 33.33% -98.31%
Total Short-Term Liabilities $1.381B $1.116B
YoY Change 23.75% -3.46%
LONG-TERM LIABILITIES
Long-Term Debt $3.636B $2.686B
YoY Change 35.37% 27.97%
Other Long-Term Liabilities $271.0M $186.0M
YoY Change 45.7% 8.14%
Total Long-Term Liabilities $3.907B $2.872B
YoY Change 36.04% 26.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.381B $1.116B
Total Long-Term Liabilities $3.907B $2.872B
Total Liabilities $5.288B $3.988B
YoY Change 32.6% 16.37%
SHAREHOLDERS EQUITY
Retained Earnings $1.729B $1.529B
YoY Change 13.08% 26.57%
Common Stock $1.000M $1.000M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.013B $908.0M
YoY Change 11.56% 34.52%
Treasury Stock Shares 24.60M shares 24.20M shares
Shareholders Equity $4.126B $3.976B
YoY Change
Total Liabilities & Shareholders Equity $10.05B $8.690B
YoY Change 15.65% 8.94%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $121.0M $96.00M
YoY Change 26.04% -30.43%
Depreciation, Depletion And Amortization $107.0M $84.00M
YoY Change 27.38% 2.44%
Cash From Operating Activities $396.0M $385.0M
YoY Change 2.86% 46.39%
INVESTING ACTIVITIES
Capital Expenditures -$203.0M -$103.0M
YoY Change 97.09% 15.73%
Acquisitions
YoY Change
Other Investing Activities -$20.00M -$555.0M
YoY Change -96.4% 23.88%
Cash From Investing Activities -$223.0M -$658.0M
YoY Change -66.11% 22.53%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -150.0M 369.0M
YoY Change -140.65% 28.57%
NET CHANGE
Cash From Operating Activities 396.0M 385.0M
Cash From Investing Activities -223.0M -658.0M
Cash From Financing Activities -150.0M 369.0M
Net Change In Cash 23.00M 96.00M
YoY Change -76.04% 638.46%
FREE CASH FLOW
Cash From Operating Activities $396.0M $385.0M
Capital Expenditures -$203.0M -$103.0M
Free Cash Flow $599.0M $488.0M
YoY Change 22.75% 38.64%

Facts In Submission

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35000000 USD
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0 USD
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us-gaap Proceeds From Issuance Of Long Term Debt
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60000000 USD
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6000000 USD
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11000000 USD
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700000000 USD
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us-gaap Research And Development Expense
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CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
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CY2018Q2 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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us-gaap Restructuring Costs
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us-gaap Restructuring Reserve Settled Without Cash2
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P4Y
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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0.022
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
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CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
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us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Term1
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us-gaap Stock Issued During Period Shares Stock Options Exercised
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CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2017Q4 us-gaap Treasury Stock Shares
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CY2018Q2 us-gaap Treasury Stock Shares
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CY2017Q4 us-gaap Treasury Stock Value
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911000000 USD
CY2018Q2 us-gaap Treasury Stock Value
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1013000000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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113100000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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113500000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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111900000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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112200000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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112000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
110900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
111200000 shares

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