Aerojet Rocketdyne was founded in 1942 and is headquartered in Rancho Cordova, US

Aerojet Rocketdyne has an office in Rancho Cordova

Rancho Cordova, US (HQ)

2001 Aerojet Rd

Aerojet Rocketdyne's revenue was reported to be $1.8 b in FY, 2016 which is a **3% increase** from the previous period.

USD

## Revenue (FY, 2016) | 1.8 b |

## Revenue growth (FY, 2015 - FY, 2016), % | 3% |

## Gross profit (FY, 2016) | 233.9 m |

## Gross profit margin (FY, 2016), % | 13% |

## Net income (FY, 2016) | 18 m |

## EBIT (FY, 2016) | 61.2 m |

## Market capitalization (13-Jul-2017) | 1.7 b |

## Closing share price (13-Jul-2017) | 22.4 |

## Cash (31-Dec-2016) | 410.3 m |

## EV | 1.9 b |

Aerojet Rocketdyne's current market capitalization is $1.7 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 1.6 b | 1.7 b | 1.8 b |

## Revenue growth, % | 7% | 3% | |

## Cost of goods sold | 1.4 b | 1.5 b | 1.5 b |

## Gross profit | 196 m | 248.8 m | 233.9 m |

## Gross profit Margin, % | 12% | 15% | 13% |

## General and administrative expense | 38.2 m | 49 m | 53.6 m |

## Operating expense total | 176.4 m | 215.5 m | 172.7 m |

## EBIT | 19.6 m | 33.3 m | 61.2 m |

## EBIT margin, % | 1% | 2% | 3% |

## Interest expense | 52.7 m | 50.4 m | 32.5 m |

## Interest income | 100 k | 300 k | 600 k |

## Pre tax profit | (33 m) | (16.8 m) | 29.3 m |

## Income tax expense | 16.3 m | 300 k | 11.2 m |

## Net Income | (50 m) | (16.2 m) | 18 m |

- Source: SEC Filings

USD | FY, 2015^{} | FY, 2016^{} |
---|---|---|

## Cash | 211.1 m | 410.3 m |

## Accounts Receivable | 171.5 m | 136.4 m |

## Inventories | 157.5 m | 185.1 m |

## Current Assets | 662.6 m | 854.7 m |

## PP&E | 365.8 m | 366 m |

## Goodwill | 158.1 m | 158.1 m |

## Total Assets | 2 b | 2.2 b |

## Accounts Payable | 105.2 m | 96.2 m |

## Total Debt | 652 m | 663.6 m |

## Current Liabilities | 554.1 m | 583.7 m |

## Non-Current Liabilities | 1.6 b | 1.6 b |

## Total Liabilities | 2.2 b | 2.2 b |

## Common Stock | 6.5 m | 6.9 m |

## Additional Paid-in Capital | 340.1 m | 456.9 m |

## Retained Earnings | (86.8 m) | (61.8 m) |

## Total Equity | (146.4 m) | 34.5 m |

## EPS | (0.3) | 0.3 |

## Debt to Equity Ratio | -4.5 x | 19.2 x |

## Debt to Assets Ratio | 0.3 x | 0.3 x |

## Financial Leverage | -13.9 x | 65.2 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (50 m) | (16.2 m) | 18 m |

## Depreciation and Amortization | 63.7 m | 65.1 m | 64.9 m |

## Accounts Receivable | 28.9 m | (1 m) | 33.1 m |

## Inventories | (32 m) | (19.5 m) | (28.9 m) |

## Accounts Payable | (18.2 m) | (5.1 m) | 27 m |

## Cash From Operating Activities | 150.6 m | 65.1 m | 158.4 m |

## Capital Expenditures | (43.4 m) | (36.8 m) | (47.6 m) |

## Cash From Investing Activities | (35.7 m) | (35.8 m) | (47.1 m) |

## Cash From Financing Activities | (46.6 m) | (84.1 m) | 90.5 m |

## Interest Paid | 46.9 m | 49.3 m | 39 m |

## Income Taxes Paid | 4.9 m | 27.9 m | 31.1 m |

## Free Cash Flow | 107.2 m | 28.3 m | 110.8 m |

Y, 2016 | |
---|---|

## P/E Ratio | 82.9 |

## EV/EBIT | 31.1 x |

## EV/CFO | 12 x |

## EV/FCF | 17.2 x |

## Debt/Equity | 19.2 x |

## Debt/Assets | 0.3 x |

## Financial Leverage | 65.2 x |

Aerojet Rocketdyne's Backlog was reported to be $4.3 b in Q2, 2017

June 21, 2016

The parent company of rocket engine maker Aerojet Rocketdyne is moving its corporate headquarters from the Sacramento area to El Segundo. Aerojet Rocketdyne Holdings Inc. will make the move from Rancho Cordova to Southern California over the next six to eight weeks and will initially relocate ar…