American Axle & Manufacturing

Automotive Manufacturing & Industrial auto parts engineering components

American Axle & Manufacturing designs, engineers, manufactures and supplies driveline and drivetrain systems and related components for light trucks, SUVs, passenger cars, crossover vehicles and commercial vehicles. The Company’s driveline, drivetrain and related products include axles, chassis modules, driveshafts, power transfer units, transfer cases, chassis and steering components, driveheads, transmission parts and metal-formed products.

Revenue(Q1, 2017)

$1 B

Market capitalization(2017-08-17)

$1.5 B

Company Growth (employees)

Type

Public

Detroit, US

Founded

1994

Size (employees)

13,100 (est)

Website

aam.com

American Axle & Manufacturing was founded in 1994 and is headquartered in Detroit, US

American Axle & Manufacturing Office Locations

American Axle & Manufacturing has an office in Detroit

Detroit, US (HQ)

Dauch Drive

American Axle & Manufacturing Data and Metrics

American Axle & Manufacturing Financial Metrics

American Axle & Manufacturing's revenue was reported to be $1 b in Q1, 2017

Summary

USD

American Axle & Manufacturing's current market capitalization is $1.5 b.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	3.2 b	3.7 b	3.9 b	3.9 b
Revenue growth, %		15%	6%	1%
Cost of goods sold	2.7 b	3.2 b		3.2 b
Gross profit	478.7 m	522.8 m	635.4 m	726.1 m
Gross profit Margin, %	15%	14%	16%	18%
General and administrative expense	238.4 m	255.2 m		319.2 m
Operating expense total	238.4 m	255.2 m		319.2 m
EBIT	240.3 m	267.6 m	358.1 m	380.7 m
EBIT margin, %	7%	7%	9%	10%
Interest expense	115.9 m	99.9 m		93.4 m
Interest income	600 k	2.1 m
Pre tax profit	86.3 m	176.7 m		299 m
Income tax expense	(8.2 m)	33.7 m		58.3 m
Net Income	94.5 m	143 m	235.6 m	240.7 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Revenue	946.9 m	950.8 m	969.1 m	1 b	971.6 m	969.2 m	1 b	1 b	1 b
Cost of goods sold	797.9 m	801.7 m	816.3 m	839.5 m	813.3 m	795.2 m	834 m	825.7 m	839.2 m
Gross profit	149 m	149.1 m	152.8 m	164.5 m	158.3 m	174 m	191.4 m	181.2 m	210.7 m
Gross profit Margin, %	16%	16%	16%	16%	16%	18%	19%	18%	20%
General and administrative expense	61.5 m	64 m	68.5 m	70.6 m	65.5 m	75.6 m	79.9 m	79.9 m	82.8 m
Operating expense total	61.5 m	64 m	68.5 m	70.6 m	65.5 m	75.6 m	79.9 m	79.9 m	82.8 m
EBIT	87.5 m	85.1 m	84.3 m	93.9 m	92.8 m	98.4 m	111.5 m	101.3 m	111.9 m
EBIT margin, %	9%	9%	9%	9%	10%	10%	11%	10%	11%
Interest expense	(25.1 m)	(25.1 m)	(25.1 m)	(24.8 m)	(24.8 m)	(23.6 m)	(23.4 m)	(23.2 m)	(25.5 m)
Pre tax profit	63.5 m	59.9 m	62.4 m	71.5 m	75.3 m	76.4 m	91.7 m	79.5 m	85.9 m
Income tax expense	11.3 m	11.3 m	9.2 m	12.9 m	14.4 m	15.3 m	20.7 m	17.8 m	7.5 m
Net Income	52.2 m	48.6 m	53.2 m	58.6 m	60.9 m	61.1 m	71 m	61.7 m	78.4 m

Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2016
Cash	154 m	249.2 m	481.2 m
Accounts Receivable	458.5 m	532.7 m	560 m
Inventories			219.5 m
Current Assets	997.8 m	1.1 b	1.3 b
PP&E	1.1 b	1.1 b	1.1 b
Goodwill	156.4 m	155 m	154 m
Total Assets	3 b	3.3 b	3.4 b
Accounts Payable	445.8 m	444.3 m	382.3 m
Total Debt		1.5 b	3.3 m
Current Liabilities	667.1 m	687.2 m	651.5 m
Total Liabilities			2.9 b
Additional Paid-in Capital	612.8 m	623.7 m	660.1 m
Retained Earnings	(181.3 m)	(31.4 m)	449.7 m
Total Equity			530 m
Debt to Equity Ratio			0 x
Debt to Assets Ratio		0.5 x	0 x
Financial Leverage			6.5 x

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Cash	128.9 m	219 m	205.7 m	301.3 m	365.6 m	262 m	388.4 m	433.9 m	1.5 b
Accounts Receivable	648.2 m	600.2 m	668 m	638.9 m	641.3 m	643.9 m	641.7 m	683.7 m	702.5 m
Inventories	255.7 m	249.2 m	238.5 m	237.9 m	233 m	229.7 m	226.9 m	219.4 m	221.6 m
Current Assets	1.1 b	1.2 b	1.2 b	1.3 b	1.4 b	1.2 b	1.3 b	1.4 b	2.6 b
PP&E	1.1 b	1.1 b	1 b	1 b	1 b	1.1 b	1.1 b	1.1 b	1.1 b
Goodwill	156.2 m	155.6 m	154.3 m	154.6 m	154.5 m	154.7 m	154.4 m	154.4 m	233.8 m
Total Assets	3.2 b	3.2 b	3.3 b	3.4 b	3.4 b	3.3 b	3.4 b	3.5 b	4.9 b
Accounts Payable	509.7 m	496.3 m	489.8 m	490.5 m	479.8 m	483.4 m	503.8 m	497.7 m	527.9 m
Current Liabilities	721.5 m	738.5 m	732 m	737.6 m	761.6 m	717.8 m	751.9 m	766.2 m	772.7 m
Additional Paid-in Capital	618.6 m	621.1 m	627.8 m	631.8 m	636 m	644 m	649.4 m	654.9 m	665.6 m
Retained Earnings	(95.5 m)	(46.9 m)	21.8 m	80.4 m	141.3 m	265.3 m	336.3 m	398 m	528.1 m
Total Equity				205.2 m	226.8 m	386.9 m	457.4 m	520 m	635.8 m
Financial Leverage				16.4 x	15 x	8.5 x	7.5 x	6.8 x	7.6 x

Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	94.5 m	143 m		240.7 m
Depreciation and Amortization	177 m	199.9 m		201.8 m
Accounts Receivable	(300 k)	(78 m)		(19.3 m)
Inventories	(43 m)	10.9 m		12.2 m
Accounts Payable	66.3 m	13.7 m		(14.2 m)
Cash From Operating Activities	223 m	318.4 m	33.3 m	407.6 m
Purchases of PP&E	(251.9 m)	(206.5 m)		(223 m)
Cash From Investing Activities	(218.7 m)	(195.3 m)		(227.7 m)
Cash From Financing Activities	88.8 m	(21.4 m)		18.4 m
Interest Paid	123.2 m	91.1 m		87.2 m

Quarterly

USD	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	52.2 m	48.6 m	53.2 m	58.6 m	60.9 m	61.1 m	71 m	61.7 m	78.4 m
Accounts Receivable				638.9 m	641.3 m	643.9 m	641.7 m	683.7 m	702.5 m
Accounts Payable				490.5 m	479.8 m	483.4 m	503.8 m	497.7 m	527.9 m

Ratios

USD	Y, 2017
Revenue/Employee	80.1 k
Financial Leverage	7.6 x

American Axle & Manufacturing Market Value History

American Axle & Manufacturing Median Salaries

Source: 53 public H-1B filings from American Axle & Manufacturing

Market Position of American Axle & Manufacturing

Competitors

Dana Holding Corporation

Automotive - Public

Cooper Standard

Automotive - Public

Motorcar Parts of America

American Axle & Manufacturing

Company Growth (employees)

American Axle & Manufacturing Office Locations

American Axle & Manufacturing Data and Metrics

American Axle & Manufacturing Financial Metrics

Summary

Revenue (Q1, 2017)

Gross profit (Q1, 2017)

Gross profit margin (Q1, 2017), %

Net income (Q1, 2017)

EBIT (Q1, 2017)

Market capitalization (17-Aug-2017)

Cash (31-Mar-2017)

Income Statement

Revenue

Revenue growth, %

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Interest income

Pre tax profit

Income tax expense

Net Income

Revenue

Cost of goods sold

Gross profit

Gross profit Margin, %

General and administrative expense

Operating expense total

EBIT

EBIT margin, %

Interest expense

Pre tax profit

Income tax expense

Net Income

Balance Sheet

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Total Debt

Current Liabilities

Total Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Debt to Equity Ratio

Debt to Assets Ratio

Financial Leverage

Cash

Accounts Receivable

Inventories

Current Assets

PP&E

Goodwill

Total Assets

Accounts Payable

Current Liabilities

Additional Paid-in Capital

Retained Earnings

Total Equity

Financial Leverage

Cash Flow

Net Income

Depreciation and Amortization

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

Purchases of PP&E

Cash From Investing Activities