$2.4 B

CCMP Mkt cap, 15-Oct-2018

$433.4 M

Cabot Microelectronics Revenue Q3, 2018
Cabot Microelectronics Gross profit (Q3, 2018)229.8 M
Cabot Microelectronics Gross profit margin (Q3, 2018), %53%
Cabot Microelectronics Net income (Q3, 2018)61.8 M
Cabot Microelectronics EBIT (Q3, 2018)116.1 M
Cabot Microelectronics Cash, 30-Jun-2018186.1 M

Cabot Microelectronics Revenue

Cabot Microelectronics revenue was $507.18 m in FY, 2017 which is a 17.8% year over year increase from the previous period.

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Cabot Microelectronics Revenue Breakdown

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Cabot Microelectronics revenue breakdown by business segment: 5.5% from Engineered Surface Finishes, 13.5% from Polishing Pads, 12.4% from Other Metals Slurries, 23.7% from Dielectric Slurries, 43.7% from Tungsten Slurries and 1.2% from Other

Cabot Microelectronics revenue breakdown by geographic segment: 7.8% from Europe, 77.9% from Asia and 14.3% from United States

Cabot Microelectronics Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

424.7m414.1m430.4m507.2m

Revenue growth, %

265000%(2%)4%18%

Cost of goods sold

221.6m201.9m220.2m253.1m

Gross profit

203.1m212.2m210.2m254.1m

Gross profit Margin, %

48%51%49%50%

Sales and marketing expense

26.5m25.0m27.7m30.8m

R&D expense

59.4m59.8m58.5m55.7m

General and administrative expense

45.4m52.4m49.4m55.6m

Operating expense total

131.3m137.2m135.7m142.1m

EBIT

71.8m75.0m74.5m112.0m

EBIT margin, %

17%18%17%22%

Interest expense

3.4m4.5m4.7m4.5m

Pre tax profit

68.6m71.2m70.4m109.4m

Income tax expense

17.8m15.1m10.6m22.4m

Net Income

50.8m56.1m59.8m87.0m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2018Q2, 2018Q3, 2018

Revenue

97.2m100.4m99.2m140.0m283.0m433.4m

Cost of goods sold

48.6m50.2m52.3m66.0m133.9m203.6m

Gross profit

48.6m50.2m46.9m74.0m149.1m229.8m

Gross profit Margin, %

50%50%47%53%53%53%

Sales and marketing expense

5.8m12.6m18.8m

General and administrative expense

12.8m14.3m13.0m18.9m36.7m56.2m

Operating expense total

33.4m35.8m34.6m36.9m74.9m113.6m

EBIT

15.2m14.4m12.3m37.1m74.2m116.1m

EBIT margin, %

16%14%12%27%26%27%

Interest expense

1.1m1.2m1.2m1.1m2.3m2.8m

Pre tax profit

13.9m13.4m11.6m36.7m73.6m116.7m

Income tax expense

4.0m2.1m2.4m39.7m47.0m54.9m

Net Income

11.3m10.1m13.3m19.9m13.8m9.9m11.3m9.1m(3.1m)26.7m61.8m

Cabot Microelectronics Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

226.0m284.2m354.2m287.5m397.9m

Accounts Receivable

213.0m64.8m

Prepaid Expenses

16.4m

Inventories

63.8m65.0m70.7m72.1m71.9m

Current Assets

365.7m428.0m494.5m437.1m551.0m

PP&E

112.0m100.8m93.7m106.5m106.4m

Goodwill

44.3m43.2m40.4m100.6m101.9m

Total Assets

554.5m601.2m660.5m727.9m834.1m

Accounts Payable

16.7m15.3m15.4m16.8m17.6m

Short-term debt

10.9m8.8m8.8m7.7m10.9m

Current Liabilities

67.5m55.4m60.6m65.9m91.2m

Long-term debt

150.9m164.1m155.3m147.7m133.0m

Total Debt

161.9m172.8m164.1m155.3m143.9m

Total Liabilities

230.3m239.1m

Common Stock

35.0k

Additional Paid-in Capital

580.9m

Retained Earnings

180.8m227.9m284.1m330.8m397.9m

Total Equity

327.1m372.0m429.0m497.6m595.0m

Debt to Equity Ratio

0.5 x0.5 x0.4 x0.3 x0.2 x

Debt to Assets Ratio

0.3 x0.3 x0.2 x0.2 x0.2 x

Financial Leverage

1.7 x1.6 x1.5 x1.5 x1.4 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2018Q2, 2018Q3, 2018

Cash

246.5m239.1m265.5m295.4m333.7m338.7m218.1m226.4m377.2m461.4m186.1m

Inventories

66.1m71.6m70.9m62.6m64.3m67.6m76.2m76.3m74.0m76.8m77.3m

Current Assets

396.7m389.9m412.8m444.5m483.5m479.1m364.5m371.5m588.0m631.2m490.9m

PP&E

109.5m106.2m105.9m95.3m94.5m94.1m101.5m104.3m107.7m109.3m108.6m

Goodwill

43.8m43.1m43.9m41.9m42.3m42.7m95.7m95.6m102.7m102.9m101.1m

Total Assets

575.7m566.5m590.0m608.1m644.4m647.8m656.7m664.6m858.0m899.0m759.5m

Accounts Payable

15.8m14.3m12.4m13.1m16.0m16.3m13.8m16.3m15.0m18.2m18.3m

Short-term debt

12.0m13.1m8.8m8.8m8.8m8.8m8.8m8.8m16.4m13.1m

Current Liabilities

56.4m51.6m48.6m53.7m56.4m58.2m52.0m59.5m90.1m93.8m90.3m

Long-term debt

147.7m144.4m166.3m161.9m159.7m157.5m153.1m150.9m

Total Debt

159.7m157.5m175.0m170.6m168.4m166.3m161.9m159.7m16.4m13.1m

Total Liabilities

213.1m206.2m225.4m225.0m226.1m230.4m220.6m227.5m256.3m263.5m125.3m

Retained Earnings

192.1m202.2m211.9m247.9m261.7m271.6m295.4m300.2m389.6m409.0m433.8m

Total Equity

362.6m360.3m364.5m383.0m418.3m417.4m436.1m437.1m601.7m635.5m634.2m

Debt to Equity Ratio

0.4 x0.4 x0.5 x0.4 x0.4 x0.4 x0.4 x0.4 x0 x0 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x0.3 x0.3 x0.2 x0.2 x0 x0 x

Financial Leverage

1.6 x1.6 x1.6 x1.6 x1.5 x1.6 x1.5 x1.5 x1.4 x1.4 x1.2 x

Cabot Microelectronics Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

51.4m50.8m56.1m59.8m87.0m

Depreciation and Amortization

20.5m19.9m18.7m26.0m25.9m

Accounts Receivable

(5.9m)(8.2m)9.0m(8.0m)(4.0m)

Inventories

(1.7m)(3.8m)(8.3m)3.4m(1.2m)

Accounts Payable

(1.4m)(850.0k)801.0k(478.0k)892.0k

Cash From Operating Activities

85.5m67.5m98.2m95.2m141.4m

Purchases of PP&E

(14.6m)(12.6m)(13.8m)(17.7m)(21.2m)

Cash From Investing Activities

(14.6m)(9.0m)(13.4m)(144.4m)(19.8m)

Long-term Borrowings

(10.9m)(6.6m)(8.7m)(8.7m)(10.9m)

Dividends Paid

(8.7m)(19.0m)

Cash From Financing Activities

(20.2m)1.2m(9.0m)(24.4m)(7.0m)

Net Change in Cash

110.4m

Interest Paid

3.6m3.4m4.1m4.3m4.1m

Income Taxes Paid

17.7m18.0m8.5m7.2m13.3m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q1, 2018Q2, 2018Q3, 2018

Net Income

11.3m21.4m34.7m19.9m33.7m43.6m11.3m20.4m(3.1m)26.7m61.8m

Depreciation and Amortization

5.0m9.9m14.9m4.7m9.3m13.9m6.0m12.5m6.5m13.1m19.5m

Accounts Receivable

1.3m773.0k(889.0k)(2.8m)2.7m8.4m(2.3m)1.5m(4.7m)(4.4m)(9.6m)

Inventories

(3.8m)(8.9m)(7.5m)243.0k(1.7m)(5.2m)(2.9m)(2.2m)(1.7m)(3.8m)(5.5m)

Accounts Payable

(363.0k)(1.6m)(3.8m)(906.0k)1.4m1.5m(2.8m)93.0k(2.8m)(407.0k)473.0k

Cash From Operating Activities

339.0k14.4m36.7m21.7m48.7m73.9m7.2m32.6m30.6m67.1m104.0m

Purchases of PP&E

(3.7m)(7.3m)(10.2m)(2.5m)(5.3m)(8.9m)(5.1m)(10.3m)(4.2m)(8.8m)(15.2m)

Cash From Investing Activities

(1.4m)(4.0m)(6.7m)(2.4m)(5.1m)(8.5m)(131.6m)(136.8m)(52.5m)(5.9m)(145.3m)

Long-term Borrowings

(2.2m)(4.4m)(4.4m)(2.2m)(4.4m)(6.6m)(2.2m)(4.4m)(3.3m)(6.6m)(144.4m)

Dividends Paid

(5.1m)(10.2m)(20.5m)

Cash From Financing Activities

22.3m3.7m9.3m(6.1m)8.1m(8.4m)(11.8m)(26.9m)(6.6m)(8.6m)(177.7m)

Cabot Microelectronics Ratios

USDY, 2018

Financial Leverage

1.2 x
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Cabot Microelectronics Operating Metrics

FY, 2014FY, 2015FY, 2016

Patents (US)

242 247 280

Patents (foreign)

1.01 k1.01 k1.01 k

Patents Pending (US)

80 92 78

Patents Pending (foreign)

349 352 434
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