Summary - Funding Rounds

Founding Date

1999
Crane Aerospace is a subsidiary of Crane Co.

Crane Aerospace Income Statement

Annual

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

Revenue

2.6b2.9b2.7b2.7b2.8b

Revenue growth, %

13%(6%)0%

Cost of goods sold

1.7b1.9b1.8b1.8b

Gross profit

883.5m1.0b954.4m989.7m

Gross profit Margin, %

34%35%35%36%

EBIT

372.9m200.3m

EBIT margin, %

14%7%

Interest expense

26.5m39.2m37.6m36.5m

Interest income

1.9m1.7m1.9m1.9m

Pre tax profit

326.0m281.2m336.5m164.1m

Income tax expense

105.1m87.6m106.5m40.3m195.0m

Net Income

221.0m193.6m230.0m123.8m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018

Revenue

637.5m716.8m750.1m727.4m678.8m711.2m669.9m660.0m712.2m694.2m673.4m702.5m695.9m1.7b

Cost of goods sold

421.3m462.7m488.0m476.3m442.0m470.7m431.7m426.1m449.1m449.2m429.5m444.3m441.5m

Gross profit

216.2m254.1m262.1m251.1m236.8m240.5m238.2m233.9m263.1m245.0m243.9m258.2m254.4m

Gross profit Margin, %

34%35%35%35%35%34%36%35%37%35%36%37%37%

General and administrative expense

127.2m157.9m159.2m144.4m148.6m141.7m141.4m148.8m160.5m141.2m147.3m146.6m

Operating expense total

127.2m157.9m159.2m144.4m148.6m141.7m141.4m148.8m160.5m141.2m147.3m146.6m

EBIT

97.6m47.7m90.2m93.2m85.5m102.6m103.8m96.6m109.0m105.4m

EBIT margin, %

13%7%13%14%13%14%15%14%16%15%

Interest expense

6.7m9.8m9.8m9.6m9.9m9.5m9.1m9.1m9.2m9.2m9.0m9.0m9.3m

Interest income

337.0k388.0k365.0k383.0k500.0k500.0k500.0k500.0k500.0k500.0k500.0k600.0k700.0k

Pre tax profit

82.2m71.8m86.7m38.9m76.3m81.5m84.3m76.6m93.6m95.0m87.9m99.7m97.0m

Income tax expense

24.7m22.9m26.8m10.7m24.9m25.7m27.1m21.4m25.2m31.3m24.6m30.4m28.5m

Net Income

59.9m28.2m51.3m

Crane Aerospace Balance Sheet

Annual

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

Cash

270.6m346.3m363.5m509.7m

Accounts Receivable

437.5m410.9m397.6m396.4m

Inventories

368.9m369.7m376.9m342.5m

Current Assets

1.1b1.2b1.2b1.3b

PP&E

305.1m290.3m276.0m278.9m

Goodwill

1.2b1.2b1.2b1.1b

Total Assets

3.6b3.5b3.3b3.4b

Accounts Payable

229.8m228.8m223.3m223.2m

Short-term debt

125.8m100.8m49.6m

Current Liabilities

668.9m640.0m572.8m520.8m

Long-term debt

749.2m749.2m749.3m745.3m

Total Debt

875.0m850.0m798.9m745.3m

Additional Paid-in Capital

228.5m249.2m249.2m263.6m

Retained Earnings

1.4b1.5b1.7b1.7b

Total Equity

1.2b1.1b1.2b1.1b

Debt to Equity Ratio

0.7 x0.8 x0.7 x0.7 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

2.9 x3.2 x2.9 x3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

403.4m250.3m314.2m301.7m296.9m326.3m335.2m354.0m408.9m436.3m504.8m509.3m572.2m

Accounts Receivable

382.3m457.2m467.5m442.5m436.2m432.0m430.1m430.2m435.2m426.7m419.1m436.4m437.3m542.0m

Inventories

361.0m389.3m401.5m409.0m377.6m387.9m401.6m401.9m389.4m372.3m356.9m367.7m

Current Assets

1.2b1.2b1.3b1.2b1.2b1.2b1.2b1.3b1.3b1.3b1.3b1.4b1.4b

PP&E

259.6m303.8m305.7m294.8m281.1m283.1m280.1m279.9m281.7m283.0m281.0m287.1m

Goodwill

811.3m1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b1.2b

Total Assets

2.9b3.6b3.6b3.6b3.4b3.4b3.4b3.4b3.4b3.4b3.5b3.5b3.6b

Accounts Payable

175.7m214.1m237.5m224.8m210.7m211.9m221.0m199.1m205.9m202.5m199.8m209.2m210.0m

Short-term debt

124.7m143.8m153.8m114.8m122.7m97.7m78.1m100.9m34.0m

Current Liabilities

592.7m681.0m698.8m657.9m661.6m655.8m652.3m575.6m601.6m556.6m484.1m487.2m535.2m912.0m

Long-term debt

199.2m749.2m749.2m749.2m749.2m749.2m749.2m744.8m745.0m745.2m745.5m745.7m745.9m

Total Debt

323.9m893.0m903.0m864.0m749.2m871.9m846.9m822.9m845.9m779.2m745.5m745.7m745.9m

Total Liabilities

1.7b2.3b2.3b2.3b2.4b2.3b2.3b2.2b2.2b2.1b2.2b2.2b2.2b

Additional Paid-in Capital

221.6m234.8m239.0m244.6m249.4m253.3m257.9m262.4m267.4m273.0m275.1m280.5m

Retained Earnings

1.4b1.4b1.5b1.5b1.6b1.6b1.6b1.7b1.8b1.8b1.8b1.8b1.9b

Total Equity

1.1b1.3b1.3b1.3b1.0b1.1b1.1b1.2b1.3b1.3b1.2b1.3b1.4b

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2.6 x2.8 x2.7 x2.8 x3.3 x3.1 x3.1 x2.8 x2.7 x2.6 x2.8 x2.7 x2.6 x

Crane Aerospace Cash Flow

Annual

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

Net Income

221.0m193.6m230.0m123.8m

Depreciation and Amortization

54.8m75.8m67.0m67.4m

Accounts Receivable

(43.0m)25.2m(2.4m)(6.2m)

Inventories

28.1m(17.0m)(23.0m)24.9m

Accounts Payable

18.0m7.7m3.3m5.5m

Capital Expenditures

(29.5m)(43.7m)(39.6m)(51.5m)(49.0m)

Long-term Borrowings

(200.0m)

Dividends Paid

(67.3m)(73.9m)(76.6m)(77.2m)

Interest Paid

28.2m39.4m37.5m36.8m36.0m

Income Taxes Paid

53.7m39.6m51.1m69.8m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

57.5m48.9m59.9m28.2m51.3m

Accounts Receivable

432.0m430.1m430.2m435.2m426.7m419.1m437.3m

Accounts Payable

211.9m221.0m199.1m205.9m202.5m199.8m210.0m

Capital Expenditures

(44.0m)

Long-term Borrowings

(250.0m)(450.0m)

Crane Aerospace Employee Rating

3.3232 votes
Culture & Values
3.2
Work/Life Balance
3.3
Senior Management
2.9
Salary & Benefits
3.5
Career Opportunities
3.3
Source