$3.6 B

ESL Mkt cap, 22-Feb-2019

$485 M

Esterline Revenue Q1, 2019
Esterline Gross profit (Q1, 2019)166.1 M
Esterline Gross profit margin (Q1, 2019), %34.3%
Esterline Net income (Q1, 2019)33.8 M
Esterline Cash, 28-Dec-2018391.2 M
Esterline EV3.2 B

Esterline Revenue

Esterline revenue was $2.03 b in FY, 2018 which is a 1.7% year over year increase from the previous period.

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Esterline Revenue Breakdown

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Esterline revenue breakdown by business segment: 37.6% from Sensors and Systems, 42.3% from Avionics and Controls and 20.0% from Advanced Materials

Esterline revenue breakdown by geographic segment: 22.0% from France, 10.6% from United Kingdom, 8.2% from Canada, 43.9% from Domestic and 15.3% from All Other Foreign

Esterline Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018

Revenue

2.0b2.0b2.0b

Revenue growth, %

0%2%

Cost of goods sold

1.3b1.3b1.4b

Gross profit

661.9m660.0m666.3m

Gross profit Margin, %

33%33%33%

R&D expense

99.7m109.8m90.9m

General and administrative expense

396.5m375.0m387.2m

Operating expense total

496.1m477.0m483.7m

EBIT

165.7m183.1m182.6m

EBIT margin, %

8%9%9%

Interest expense

30.1m30.2m30.9m

Interest income

367.0k527.0k1.9m

Pre tax profit

136.0m153.4m153.6m

Income tax expense

21.9m33.0m83.8m

Net Income

98.9m113.1m70.4m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

441.5m490.3m517.1m509.2m503.8m482.0m517.6m499.9m485.0m

Cost of goods sold

303.8m334.1m343.5m333.3m333.1m333.7m353.9m330.0m318.9m

Gross profit

137.7m156.2m173.6m175.9m170.6m148.3m163.7m169.9m166.1m

Gross profit Margin, %

31%32%34%35%34%31%32%34%34%

R&D expense

25.8m24.7m22.8m

General and administrative expense

98.9m102.0m98.9m

Operating expense total

120.6m128.3m119.5m118.7m121.5m121.7m129.8m121.6m117.2m

EBIT

26.6m33.9m48.3m

EBIT margin, %

6%7%10%

Interest expense

7.2m7.3m7.7m7.5m7.3m7.6m8.2m7.9m6.8m

Interest income

87.0k94.0k30.0k100.0k150.0k298.0k449.0k579.0k827.0k

Pre tax profit

19.3m26.2m41.0m

Income tax expense

(33.0k)3.4m8.0m14.2m10.4m53.8m2.1m11.1m11.3m

Net Income

16.2m15.0m29.4m35.1m30.5m(35.0m)23.9m29.9m33.8m

Esterline Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018

Cash

258.5m307.8m372.4m

Accounts Receivable

421.5m430.5m441.7m

Prepaid Expenses

18.4m19.2m20.0m

Inventories

447.1m478.0m457.2m

Current Assets

1.2b1.3b1.3b

PP&E

338.0m348.6m314.8m

Goodwill

1.0b1.1b1.0b

Total Assets

3.0b3.1b3.0b

Accounts Payable

126.6m138.6m147.4m

Short-term debt

16.8m17.4m17.5m

Current Liabilities

399.5m393.8m403.0m

Long-term debt

853.8m759.4m654.9m

Total Debt

870.6m776.8m672.5m

Common Stock

6.5m6.6m6.6m

Additional Paid-in Capital

703.1m738.3m751.0m

Retained Earnings

1.5b1.7b1.7b

Total Equity

1.6b1.8b1.8b

Debt to Equity Ratio

0.5 x0.4 x0.4 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x

Financial Leverage

1.9 x1.7 x1.6 x

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

200.9m219.3m237.8m253.5m279.4m354.9m368.0m351.0m391.2m

Accounts Receivable

374.0m404.5m401.2m

Prepaid Expenses

22.8m22.2m23.8m

Inventories

447.3m460.7m467.0m465.6m487.7m496.6m491.1m479.5m452.2m

Current Assets

1.1b1.1b1.1b1.2b1.2b1.3b1.3b1.3b1.3b

PP&E

346.6m328.7m316.9m

Goodwill

1.0b1.0b1.0b1.0b1.0b1.1b1.1b1.0b1.0b

Total Assets

2.9b3.0b3.0b2.9b3.0b3.1b3.1b3.0b3.0b

Accounts Payable

116.0m123.3m128.6m123.6m128.3m133.7m148.4m133.5m124.0m

Short-term debt

17.4m15.2m15.2m17.4m

Current Liabilities

398.7m413.9m410.5m376.5m376.3m372.0m402.1m378.0m378.0m

Long-term debt

782.3m766.1m720.9m

Total Debt

799.7m781.3m736.1m17.4m

Common Stock

6.6m6.6m6.6m

Additional Paid-in Capital

687.8m694.0m700.1m724.7m734.8m743.3m746.9m750.4m768.9m

Retained Earnings

1.5b1.5b1.5b1.6b1.6b1.6b1.6b1.7b1.8b

Total Equity

1.5b1.6b1.6b1.7b1.7b1.8b1.8b1.8b1.9b

Debt to Equity Ratio

0.4 x0.4 x0.4 x

Debt to Assets Ratio

0.3 x0.2 x0.2 x

Financial Leverage

1.9 x1.9 x1.9 x1.8 x1.7 x1.7 x1.7 x1.7 x1.6 x

Esterline Cash Flow

Annual

USDFY, 2016FY, 2017FY, 2018

Net Income

98.9m113.1m70.4m

Depreciation and Amortization

100.3m103.8m106.7m

Accounts Receivable

(44.5m)(2.7m)(27.4m)

Inventories

(1.6m)(16.0m)(4.5m)

Accounts Payable

5.5m7.0m13.5m

Cash From Operating Activities

167.2m193.4m214.1m

Purchases of PP&E

(68.5m)(58.0m)(53.3m)

Cash From Investing Activities

(65.9m)(57.4m)(2.0m)

Long-term Borrowings

(62.4m)(126.4m)(142.6m)

Cash From Financing Activities

(29.4m)(94.4m)(138.7m)

Net Change in Cash

67.2m49.3m64.6m

Interest Paid

27.7m27.4m28.9m

Income Taxes Paid

24.8m51.1m40.1m

Quarterly

USDQ1, 2016Q2, 2016Q3, 2016Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

16.2m15.0m29.4m35.1m(34.6m)(10.6m)17.4m

Depreciation and Amortization

24.2m48.7m73.3m51.2m77.0m26.2m54.3m79.8m24.2m

Accounts Receivable

31.8m7.7m(14.4m)17.1m22.8m61.1m22.7m17.1m38.0m

Inventories

(8.0m)(7.3m)(18.2m)(24.6m)(31.5m)(15.8m)(24.8m)(26.3m)(27.6m)

Accounts Payable

(491.0k)1.4m9.6m2.9m3.9m(5.9m)9.5m(1.2m)(22.8m)

Cash From Operating Activities

40.7m79.9m118.6m91.3m138.9m62.4m89.7m119.4m20.7m

Purchases of PP&E

(13.4m)(27.7m)(39.2m)

Cash From Investing Activities

(13.4m)20.5m9.0m

Long-term Borrowings

(3.2m)(6.2m)(9.3m)(9.4m)(12.9m)(8.6m)(57.1m)(80.7m)(489.0k)

Cash From Financing Activities

(11.2m)(9.2m)(12.9m)(58.7m)(77.1m)(3.1m)(53.7m)(76.5m)14.6m

Net Change in Cash

47.0m60.1m43.2m

Interest Paid

10.4m13.3m23.7m14.4m24.1m10.5m14.1m25.3m8.5m

Income Taxes Paid

5.3m6.7m13.5m25.3m38.6m6.2m15.3m23.7m14.8m

Esterline Ratios

USDY, 2018

EV/CFO

157 x

Revenue/Employee

36.6k

Financial Leverage

1.6 x
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Esterline Operating Metrics

Esterline's Backlog was reported to be $1.5b in FY, 2018.
FY, 2016FY, 2017FY, 2018

Backlog

$1.30 b$1.30 b$1.50 b
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Esterline Employee Rating

2.9194 votes
Culture & Values
2.8
Work/Life Balance
3.1
Senior Management
2.2
Salary & Benefits
3.0
Career Opportunities
2.6
Source