$WOR
WORTHINGTON ENTERPRISES, INC.

2017 Q4 Form 10-Q Financial Statement

#000119312518007209 Filed on January 09, 2018

View on sec.gov

Income Statement

Concept 2017 Q4 2016 Q4 2016 Q3
Revenue $871.3M $727.8M $737.5M
YoY Change 19.72% 4.0% -2.72%
Cost Of Revenue $731.2M $605.0M $590.3M
YoY Change 20.86% 2.43% -8.5%
Gross Profit $140.1M $122.8M $147.3M
YoY Change 14.07% 12.48% 30.32%
Gross Profit Margin 16.08% 16.87% 19.97%
Selling, General & Admin $89.43M $76.49M $81.06M
YoY Change 16.92% 5.18% 6.72%
% of Gross Profit 63.84% 62.28% 55.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.20M $21.70M $21.80M
YoY Change 20.74% 5.34% 1.87%
% of Gross Profit 18.7% 17.67% 14.8%
Operating Expenses $89.43M $76.49M $81.06M
YoY Change 16.92% 5.18% 6.72%
Operating Profit $52.06M $43.04M $64.90M
YoY Change 20.94% 259.54% 109.38%
Interest Expense $10.04M $7.658M $7.870M
YoY Change 31.08% -1.81% 0.2%
% of Operating Profit 19.28% 17.79% 12.13%
Other Income/Expense, Net $1.300M $900.0K $863.0K
YoY Change 44.44% -10.0% -249.31%
Pretax Income $59.79M $63.38M $92.44M
YoY Change -5.67% 84.16% 88.09%
Income Tax $18.17M $13.52M $23.90M
% Of Pretax Income 30.38% 21.32% 25.85%
Net Earnings $39.40M $46.57M $65.57M
YoY Change -15.38% 99.2% 105.1%
Net Earnings / Revenue 4.52% 6.4% 8.89%
Basic Earnings Per Share $0.64 $0.75 $1.06
Diluted Earnings Per Share $0.62 $0.72 $1.02
COMMON SHARES
Basic Shares Outstanding 61.50M shares 62.35M shares 61.89M shares
Diluted Shares Outstanding 63.47M shares 64.73M shares 64.34M shares

Balance Sheet

Concept 2017 Q4 2016 Q4 2016 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $122.2M $175.2M $181.5M
YoY Change -30.25% 539.42% 865.43%
Cash & Equivalents $122.2M $175.2M $181.5M
Short-Term Investments
Other Short-Term Assets $60.40M $77.90M $76.20M
YoY Change -22.46% -5.58% -22.87%
Inventory $416.0M $337.9M $369.7M
Prepaid Expenses
Receivables $502.3M $408.5M $402.5M
Other Receivables $10.80M $8.000M $2.500M
Total Short-Term Assets $1.112B $1.007B $1.032B
YoY Change 10.35% 15.55% 10.44%
LONG-TERM ASSETS
Property, Plant & Equipment $627.8M $571.3M $580.8M
YoY Change 9.88% 9.01% 9.42%
Goodwill $350.1M $243.9M $246.2M
YoY Change 43.54% 2.87% 2.74%
Intangibles $239.9M $88.59M $92.69M
YoY Change 170.84% -3.83% -19.26%
Long-Term Investments $213.8M $203.5M $200.0M
YoY Change 5.06% -3.14% -0.66%
Other Assets $28.37M $27.91M $29.78M
YoY Change 1.63% 8.72% 21.53%
Total Long-Term Assets $1.460B $1.135B $1.149B
YoY Change 28.61% 4.24% 3033.23%
TOTAL ASSETS
Total Short-Term Assets $1.112B $1.007B $1.032B
Total Long-Term Assets $1.460B $1.135B $1.149B
Total Assets $2.572B $2.143B $2.182B
YoY Change 20.02% 9.27% 6.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $363.0M $278.2M $325.3M
YoY Change 30.5% 4.59% 2.44%
Accrued Expenses $59.26M $41.82M $49.45M
YoY Change 41.71% -31.49% -26.46%
Deferred Revenue
YoY Change
Short-Term Debt $723.0K $497.0K $1.534M
YoY Change 45.47% -99.0% -93.04%
Long-Term Debt Due $13.19M $873.0K $867.0K
YoY Change 1411.23% 2.59% 2.48%
Total Short-Term Liabilities $526.4M $404.2M $476.2M
YoY Change 30.23% -10.52% -3.88%
LONG-TERM LIABILITIES
Long-Term Debt $766.7M $576.0M $577.4M
YoY Change 33.11% -0.51% -0.6%
Other Long-Term Liabilities $68.67M $63.91M $63.23M
YoY Change 7.45% 0.76% 11.76%
Total Long-Term Liabilities $835.4M $639.9M $640.6M
YoY Change 30.54% -0.39% 0.5%
TOTAL LIABILITIES
Total Short-Term Liabilities $526.4M $404.2M $476.2M
Total Long-Term Liabilities $835.4M $639.9M $640.6M
Total Liabilities $1.529B $1.132B $1.201B
YoY Change 35.07% -2.18% -0.51%
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 $919.3M $884.9M $856.0M
YoY Change
Total Liabilities & Shareholders Equity $2.572B $2.143B $2.182B
YoY Change 20.02% 9.27% 6.65%

Cashflow Statement

Concept 2017 Q4 2016 Q4 2016 Q3
OPERATING ACTIVITIES
Net Income $39.40M $46.57M $65.57M
YoY Change -15.38% 99.2% 105.1%
Depreciation, Depletion And Amortization $26.20M $21.70M $21.80M
YoY Change 20.74% 5.34% 1.87%
Cash From Operating Activities $19.30M $31.30M $120.9M
YoY Change -38.34% -38.75% -12.77%
INVESTING ACTIVITIES
Capital Expenditures $23.68M $14.73M $16.32M
YoY Change 60.75% -33.03% -57.62%
Acquisitions $523.0K
YoY Change
Other Investing Activities $15.80M $800.0K $200.0K
YoY Change 1875.0% -87.1% -112.5%
Cash From Investing Activities -$7.900M -$13.90M -$16.20M
YoY Change -43.17% -12.03% -59.6%
FINANCING ACTIVITIES
Cash Dividend Paid $13.26M $12.83M $11.89M
YoY Change 3.34% 6.32% 2.97%
Common Stock Issuance & Retirement, Net $67.45M
YoY Change
Debt Paid & Issued, Net $220.0K $218.0K $219.0K
YoY Change 0.92% -0.91% 5.29%
Cash From Financing Activities -85.13M -23.70M -7.400M
YoY Change 259.22% -10.9% -93.33%
NET CHANGE
Cash From Operating Activities 19.30M 31.30M 120.9M
Cash From Investing Activities -7.900M -13.90M -16.20M
Cash From Financing Activities -85.13M -23.70M -7.400M
Net Change In Cash -85.13M -6.300M 97.30M
YoY Change 1251.33% -172.41% -884.68%
FREE CASH FLOW
Cash From Operating Activities $19.30M $31.30M $120.9M
Capital Expenditures $23.68M $14.73M $16.32M
Free Cash Flow -$4.378M $16.57M $104.6M
YoY Change -126.42% -43.07% 4.48%

Facts In Submission

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us-gaap Derivatives Methods Of Accounting Nonhedging Derivatives
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<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 0pt"> <b>Economic <font style="WHITE-SPACE: nowrap">(Non-designated)</font> Hedges</b></p> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 4%" align="justify">We enter into foreign currency contracts to manage our foreign exchange exposure related to inter-company and financing transactions that do not meet the requirements for hedge accounting treatment. We also enter into certain commodity contracts that do not qualify for hedge accounting treatment. Accordingly, these derivative instruments are adjusted to current market value at the end of each period through earnings.</p> </div>
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dei Document Period End Date
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report.css Edgar Link pending
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wor-20171130.xml Edgar Link completed
wor-20171130.xsd Edgar Link pending
wor-20171130_cal.xml Edgar Link unprocessable
wor-20171130_def.xml Edgar Link unprocessable
wor-20171130_lab.xml Edgar Link unprocessable
wor-20171130_pre.xml Edgar Link unprocessable