Harsco Corporation Financials

$384.7 M

Revenue Q3, 2017

$1.9 B

Mkt cap, 18-Apr-2018
Gross profit (Q3, 2017)288.2 M
Gross profit margin (Q3, 2017), %74.9%
Net income (Q3, 2017)13.8 M
Cash, 30-Sep-201759.5 M
EV2.4 B

Revenue/Financials

Income Statement

Annual

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

Revenue

2.9 b2.1 b1.7 b1.5 b

Revenue growth, %

(29%)(17%)(16%)

Cost of goods sold

467.5 m494.9 m446.4 m411.3 m

Gross profit

2.4 b1.6 b1.3 b1 b

Gross profit Margin, %

84%76%74%72%

R&D expense

4.3 m

General and administrative expense

200.4 m

Operating expense total

204.7 m

EBIT

(134.8 m)63.5 m88.5 m

EBIT margin, %

(5%)3%5%

Interest expense

49.7 m47.1 m46.8 m51.6 m

Interest income

2.1 m1.7 m1.6 m2.5 m

Income tax expense

(34.9 m)(27.2 m)(27.7 m)(6.6 m)

Net Income

(218.2 m)(20.3 m)6.3 m(79.8 m)

Quarterly

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

Revenue

740 m512.7 m534.6 m526.4 m451.6 m455.7 m428.3 m353.3 m369.9 m367.8 m372.5 m394.9 m384.7 m

Cost of goods sold

117.8 m115.5 m120.7 m125.8 m115.2 m116.6 m112 m93.2 m125.4 m93.5 m98.9 m100.7 m96.5 m

Gross profit

622.2 m397.2 m413.9 m400.5 m336.4 m339.2 m316.3 m260 m244.5 m274.3 m273.7 m294.2 m288.2 m

Gross profit Margin, %

84%77%77%76%74%74%74%74%66%75%73%74%75%

R&D expense

3.1 m2.6 m2 m854 k919 k1.5 m1.1 m882 k956 k910 k831 k1.3 m

General and administrative expense

124 m66.8 m78 m68.3 m63.9 m58.5 m64.5 m50.8 m49.5 m50.2 m55.1 m55.6 m

Operating expense total

948.4 m480.4 m528.3 m480.6 m412.7 m420 m420.6 m343.9 m368.6 m339.2 m344.6 m352.4 m350.7 m

EBIT

(208.4 m)45.7 m

EBIT margin, %

(28%)9%

Interest expense

12.8 m11.4 m12 m11.9 m11.9 m11.8 m11.1 m12.4 m13.8 m13.8 m11.7 m12.4 m12.1 m

Interest income

388 k297 k410 k555 k256 k431 k264 k535 k552 k673 k512 k493 k610 k

Income tax expense

(10.8 m)(4.5 m)(4.3 m)(11.7 m)(12.9 m)(7.1 m)(7 m)2.2 m(12 m)(5.1 m)(6.3 m)(11.2 m)(8.3 m)

Net Income

(231.6 m)12.5 m(14 m)25.2 m15.8 m7.8 m(9.5 m)(9.6 m)(24.3 m)(31.5 m)10.1 m19.7 m13.8 m

Balance Sheet

Annual

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

Cash

93.6 m62.8 m79.8 m71.9 m

Accounts Receivable

46.5 m28.1 m30.4 m236.6 m

Inventories

155.7 m177.3 m217 m187.7 m

Current Assets

838.8 m681.8 m664.5 m577.7 m

PP&E

711.3 m663.2 m564 m490.3 m

Goodwill

431.3 m416.2 m400.4 m382.3 m

Total Assets

2.4 b2.3 b2.1 b1.6 b

Accounts Payable

181.4 m146.5 m136 m108 m

Dividends Payable

16.5 m16.5 m4.1 m

Short-term debt

7.5 m16.7 m30.2 m4.3 m

Current Liabilities

606.8 m565.6 m506.1 m428 m

Long-term debt

783.2 m829.7 m855.8 m629.2 m

Total Debt

790.6 m846.5 m886 m633.5 m

Total Liabilities

1.4 b

Additional Paid-in Capital

159 m165.7 m170.7 m172.1 m

Retained Earnings

1.4 b1.3 b1.2 b1.2 b

Total Equity

606.8 m358.3 m310.8 m137.6 m

Debt to Equity Ratio

1.3 x2.4 x2.9 x4.6 x

Debt to Assets Ratio

0.3 x0.4 x0.4 x0.4 x

Financial Leverage

4 x6.3 x6.7 x11.5 x

Quarterly

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

Cash

115.8 m83.4 m77.5 m72.6 m66.5 m67.1 m58 m70.4 m69.2 m79.9 m64.4 m58.1 m59.5 m

Accounts Receivable

354.1 m399.7 m384.6 m378.3 m332 m329.5 m298.2 m252.7 m265.2 m263.5 m268 m289.3 m22.6 m

Inventories

176.8 m166.8 m176.3 m182.8 m194.6 m208 m210.3 m233.3 m208.2 m208.7 m190.4 m201.9 m227 m

Current Assets

1.5 b776.7 m760.6 m756.4 m702 m709.4 m680.7 m651.4 m640.1 m632.6 m578.3 m609.1 m630.1 m

PP&E

706.6 m723 m708.6 m684.1 m623.4 m626.6 m583.7 m555.8 m531.3 m518.3 m483.3 m484.1 m

Goodwill

428 m438.8 m440.2 m426.6 m402.8 m413 m406.3 m402.7 m394.4 m391.7 m384.8 m393.8 m399.9 m

Total Assets

2.8 b2.4 b2.4 b2.4 b2.3 b2.3 b2.1 b2 b2 b1.7 b1.6 b1.6 b1.7 b

Accounts Payable

196.5 m192.4 m191.2 m171.6 m143.8 m152 m135.7 m119.6 m113.5 m120 m108.6 m118.6 m123.3 m

Dividends Payable

16.5 m16.5 m16.6 m16.6 m16.4 m16.4 m16.4 m

Short-term debt

274.3 m6.2 m6.9 m11.6 m18.6 m12.4 m14.9 m61.3 m10.1 m5.3 m7.9 m6 m

Current Liabilities

960.5 m552.1 m555.2 m608.3 m557 m549.5 m546.4 m504.5 m467.9 m462.9 m415.5 m464.9 m485.8 m

Long-term debt

787.6 m834.3 m833.8 m785.4 m875.3 m909.2 m822.4 m798.5 m832.3 m649.5 m646.6 m617.7 m602.7 m

Total Debt

1.1 b840.6 m840.8 m797 m893.9 m921.6 m837.3 m859.8 m842.5 m654.8 m654.5 m623.7 m602.7 m

Total Liabilities

2.2 b1.8 b1.8 b1.8 b1.9 b1.9 b1.8 b1.7 b1.7 b1.4 b1.4 b1.5 b1.5 b

Common Stock

140.2 m140.3 m140.4 m140.4 m140.5 m140.5 m140.5 m140.5 m140.6 m140.6 m140.6 m141 m141.1 m

Preferred Stock

Additional Paid-in Capital

158.4 m161 m163.3 m165 m166.3 m167.8 m169.1 m172.2 m169 m170.7 m176.3 m178.4 m178.3 m

Retained Earnings

1.4 b1.4 b1.3 b1.4 b1.3 b1.3 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b1.2 b

Total Equity

605.3 m603.3 m575.5 m583.5 m347.8 m311.5 m273.3 m322.3 m300.9 m293 m168.5 m186.9 m210 m

Debt to Equity Ratio

2.9 x

Debt to Assets Ratio

0.4 x

Financial Leverage

4.6 x4 x4.1 x4 x6.5 x7.2 x7.7 x6.2 x6.5 x5.8 x9.5 x8.8 x8 x

Cash Flow

Annual

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

Net Income

(218.2 m)(20.3 m)6.3 m(79.8 m)

Depreciation and Amortization

221.3 m164.6 m144.7 m129.1 m

Accounts Receivable

(35 m)7 m41.7 m16 m

Inventories

18.5 m(20 m)(45 m)(12.3 m)

Accounts Payable

14.3 m(28.9 m)(401 k)(20.3 m)

Cash From Operating Activities

188.3 m225.8 m121.5 m159.8 m

Purchases of PP&E

(246.1 m)(208 m)(123.6 m)(69.3 m)

Cash From Financing Activities

(248.7 m)(21.8 m)22.5 m(292.3 m)

Quarterly

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

Net Income

(231.6 m)12.5 m(14 m)25.2 m15.8 m(985 k)25.1 m15.8 m23.6 m14.1 m(9.6 m)(33.9 m)13.8 m

Accounts Receivable

33.6 m31 m21.7 m22.2 m23.3 m19.5 m16.9 m17.6 m21.2 m22.6 m

Inventories

176.3 m182.8 m194.6 m208 m210.3 m233.3 m208.2 m208.7 m190.4 m227 m

Accounts Payable

191.2 m171.6 m143.8 m152 m135.7 m119.6 m113.5 m120 m108.6 m123.3 m

Ratios

USDY, 2017

Revenue/Employee

40.9 k

Debt/Equity

2.9 x

Debt/Assets

0.4 x

Financial Leverage

8 x
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