$1.3 B

FET Mkt cap, 22-Jun-2018

$250.2 M

Forum Energy Technologies Revenue Q1, 2018
Forum Energy Technologies Gross profit (Q1, 2018)67.3 M
Forum Energy Technologies Gross profit margin (Q1, 2018), %26.9%
Forum Energy Technologies Net income (Q1, 2018)28.1 M
Forum Energy Technologies EBIT (Q1, 2018)-6.7 M
Forum Energy Technologies Cash, 31-Mar-201842.3 M
Forum Energy Technologies EV1.7 B

Forum Energy Technologies Financials

Forum Energy Technologies Income Statement

Annual

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

Revenue

1.5 b1.7 b1.1 b587.6 m

Revenue growth, %

14%(38%)(45%)

Cost of goods sold

193.2 b116.6 b

Gross profit

(192.2 b)(116 b)

Gross profit Margin, %

(17899%)(19741%)

EBIT

209.6 m268 m(113.7 m)(24.8 b)

EBIT margin, %

14%15%(11%)(4227%)

Pre tax profit

(192 b)(25.2 b)

Net Income

129.6 m174.4 m(119.4 m)(81.9 m)

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

428.3 m468.8 m348.1 m284.4 m245 m159.4 m142.7 m138.3 m171.1 m201.1 m198.7 m250.2 m

Cost of goods sold

290.3 m316.8 m239 m199.5 m179.2 m124.9 m137.4 m109 m132.1 m151.9 m151.2 m182.9 m

Gross profit

138 m152 m109.1 m84.9 m65.8 m34.6 m5.3 m29.3 m39 m49.3 m47.6 m67.3 m

Gross profit Margin, %

32%32%31%30%27%22%4%21%23%24%24%27%

General and administrative expense

77.7 m81.3 m73.6 m66.2 m57.2 m60 m58.3 m53.4 m60.7 m61.9 m63.2 m72.1 m

Operating expense total

78.1 m82.7 m73.5 m66.3 m57.4 m60.1 m58.4 m55.9 m61.1 m131.8 m64.8 m73 m

EBIT

65.8 m76 m40.2 m22.4 m12.2 m(25 m)(52.9 m)(26.2 m)(20.6 m)(80 m)(13.9 m)(6.7 m)

EBIT margin, %

15%16%12%8%5%(16%)(37%)(19%)(12%)(40%)(7%)(3%)

Interest expense

7.7 m7.7 m7.6 m7.6 m7.5 m7.1 m6.8 m6.7 m6.6 m6.4 m6.4 m8.1 m

Pre tax profit

55 m73.6 m39.3 m10.8 m7.7 m(33.4 m)(49.6 m)(29.8 m)(28.7 m)(88.9 m)(22.6 m)15.2 m

Income tax expense

(7.8 m)(12.9 m)

Net Income

39.5 m52.2 m28.7 m8.9 m6.7 m(22.9 m)(28.5 m)(18 m)(15.8 m)(77.9 m)(14.8 m)28.1 m

Forum Energy Technologies Balance Sheet

Annual

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

Cash

39.6 m76.6 m109.2 m234.4 m

Accounts Receivable

31.2 m

Inventories

29.7 m33 m33.8 m338.6 m

Current Assets

809.5 m895.2 m717.8 m749.7 m

PP&E

180.3 m190 m186.7 m152.2 m

Goodwill

802.3 m798.5 m669 m652.7 m

Total Assets

2.2 b2.2 b1.9 b1.8 b

Accounts Payable

41.3 m

Short-term debt

998 k840 k253 k124 k

Current Liabilities

220 m282.2 m151.6 m141.8 m

Long-term debt

512.1 m428 m396 m396.7 m

Total Debt

513.1 m428.9 m396.3 m396.9 m

Total Liabilities

599.4 m

Additional Paid-in Capital

826.1 m864.3 m891.2 m998.2 m

Retained Earnings

525.1 m699.5 m580.2 m498.2 m

Total Equity

1.3 b1.4 b1.3 b1.2 b

Debt to Equity Ratio

0.4 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

1.6 x1.6 x1.5 x1.5 x

Quarterly

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

Cash

28.2 m67 m32.6 m74.1 m83.9 m57.8 m76.2 m132 m137.2 m132.5 m204.9 m220.5 m156.4 m42.3 m

Inventories

454.7 m439.8 m458 m454.5 m521.2 m522.8 m504.8 m416.1 m375 m355.2 m352 m364.8 m394.1 m468.9 m

Current Assets

814.2 m857.5 m850 m937.8 m930.7 m861.6 m816.8 m698.3 m640.5 m660.7 m749.5 m767.1 m743.8 m754 m

PP&E

174.8 m180.1 m188.1 m189 m202.6 m202.4 m196.8 m180.2 m173.6 m159.5 m151.1 m149.4 m149 m184.5 m

Goodwill

791.8 m799.2 m824.4 m808.8 m795.4 m808.4 m799.6 m671.2 m662.9 m661 m656.9 m595.8 m619.6 m757.8 m

Total Assets

2.2 b2.2 b2.2 b2.3 b2.3 b2.2 b2.1 b1.9 b1.8 b1.8 b1.8 b1.8 b1.8 b2.2 b

Short-term debt

31.1 m974 k914 k898 k789 k623 k335 k82 k44 k38 k1.2 m1.1 m1.1 m1.1 m

Current Liabilities

270.6 m249.2 m240.5 m292.2 m292.9 m216.2 m190.3 m144.7 m131.7 m126.4 m162.8 m181.8 m199 m217.2 m

Long-term debt

500 m476.6 m436.7 m420.4 m467.8 m437.7 m402.6 m396.2 m396.3 m396.5 m398 m398.1 m398.1 m456.6 m

Total Debt

531.1 m477.6 m437.6 m421.3 m468.6 m438.3 m402.9 m396.3 m396.4 m396.5 m399.2 m399.2 m399.3 m457.7 m

Total Liabilities

884.2 m833.3 m795.2 m826.1 m876.4 m774.1 m710.4 m612.6 m577.6 m592.3 m609.8 m620 m636.2 m735.6 m

Additional Paid-in Capital

818.8 m835.3 m848 m858.7 m869.9 m878.5 m886.2 m895.3 m900.5 m907.3 m1 b1 b1 b1.2 b

Retained Earnings

490.6 m561.7 m601.2 m653.4 m728.2 m737.1 m743.8 m557.2 m528.7 m510.7 m482.4 m404.5 m389.7 m465.8 m

Total Equity

1.3 b1.4 b1.4 b1.5 b1.4 b1.4 b1.4 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.4 b

Financial Leverage

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

Forum Energy Technologies Cash Flow

Annual

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

Net Income

129.6 m174.4 m(119.4 m)(81.9 m)

Depreciation and Amortization

36.2 m37.4 m38.4 m35.6 m

Inventories

33.1 m(26 m)344 k57.3 m

Cash From Operating Activities

211.4 m270 m155.9 m64.7 m

Cash From Investing Activities

(289 m)(70.7 m)(91.3 m)(11.1 m)

Long-term Borrowings

(715.1 m)(98.4 m)(120.1 m)

Cash From Financing Activities

77.1 m(162 m)(26.9 m)86.2 m

Interest Paid

18 m27.6 m27.9 m26.3 m

Income Taxes Paid

41.4 m55.6 m19.9 m(6.3 m)

Free Cash Flow

271.7 m323.8 m188.2 m47.9 m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

39.5 m52.2 m28.7 m8.9 m6.7 m(22.9 m)(28.5 m)(18 m)(15.8 m)28.1 m

Depreciation and Amortization

8.2 m

Inventories

522.8 m504.8 m416.1 m352 m(27.4 m)

Cash From Operating Activities

(19.3 m)

Cash From Investing Activities

(6 k)

Long-term Borrowings

(50.7 m)

Cash From Financing Activities

(52.7 m)

Free Cash Flow

(24.4 m)

Forum Energy Technologies Ratios

USDY, 2018

EV/EBIT

-259.1 x

EV/CFO

-89.9 x

EV/FCF

-71.2 x

Financial Leverage

1.5 x
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