HC2 Holdings Financials

$1.5 B

Revenue FY, 2017

$215 M

Mkt cap, 25-Apr-2018
Gross profit (FY, 2017)169.5 M
Gross profit margin (FY, 2017), %11.4%
Net income (FY, 2017)(50.5 M)
EBIT (FY, 2017)(1.1 M)
Cash, 31-Dec-201797.9 M

Revenue/Financials

Income Statement

Annual

USDFY, 2016FY, 2017

Revenue

1.6 b1.5 b

Cost of goods sold

1.3 b

Gross profit

169.5 m

Gross profit Margin, %

11%

General and administrative expense

152.9 m182.9 m

Operating expense total

152.9 m1.6 b

Depreciation and amortization

31.3 m

EBIT

(1.4 m)(1.1 m)

EBIT margin, %

0%0%

Interest expense

43.4 m55.1 m

Pre tax profit

(45.8 m)(39.8 m)

Income tax expense

(51.6 m)(10.7 m)

Net Income

(97.4 m)(50.5 m)

Quarterly

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

Revenue

96.6 m179.4 m201.8 m281 m277.5 m331.7 m359.3 m413.1 m390.6 m

Cost of goods sold

82.9 m158.6 m

Gross profit

13.7 m20.8 m

Gross profit Margin, %

14%12%

General and administrative expense

14 m20.2 m23.1 m26.5 m27.8 m36.3 m35.6 m36.9 m39.9 m

Operating expense total

14 m20.2 m23.1 m26.5 m27.8 m36.3 m35.6 m36.9 m39.9 m

EBIT

(1.1 m)75 k3.3 m2.4 m(19.7 m)5.6 m6.9 m972 k

EBIT margin, %

(1%)0%1%1%(6%)2%2%0%

Interest expense

1 m2.1 m8.6 m10 m10.3 m10.3 m10.6 m10.7 m14.1 m

Pre tax profit

(583 k)(33.9 m)(6.7 m)(10.6 m)

Income tax expense

(1.9 m)(4.5 m)5.8 m(2.5 m)649 k2.5 m(224 k)1.3 m(5.3 m)

Net Income

(2.5 m)(14.9 m)(5.3 m)(11 m)(4.5 m)(31.3 m)1.3 m(5.4 m)(15.9 m)

Balance Sheet

Annual

USDFY, 2016FY, 2017

Cash

115.4 m97.9 m

Accounts Receivable

267.6 m322.4 m

Inventories

9.6 m1.5 b

PP&E

286.5 m374.7 m

Goodwill

98.1 m131.7 m

Total Assets

2.8 b3.2 b

Accounts Payable

251.7 m347.5 m

Total Liabilities

2.7 b3 b

Common Stock

44 k

Preferred Stock

26.3 m

Additional Paid-in Capital

241.5 m254.7 m

Retained Earnings

(174.3 m)(221.2 m)

Total Equity

67.4 m188.1 m

Financial Leverage

42 x17.1 x

Quarterly

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

Cash

40.8 m111.7 m128.9 m68.9 m81.1 m137.7 m134.5 m121.3 m127 m

Accounts Receivable

138 m170.5 m195.9 m214 m187.5 m192.6 m221.3 m272.7 m228.1 m

Inventories

17 m23.9 m17.1 m17.8 m14.4 m10.6 m11.1 m9 m1.5 b

Current Assets

269.4 m363.6 m420.8 m382.6 m359.7 m

PP&E

83.2 m224.8 m235.9 m221.8 m241.8 m243.5 m244.2 m284.3 m

Goodwill

27.9 m35.5 m28 m29.6 m30.7 m83.8 m83.9 m86 m98.1 m

Total Assets

391.8 m729.9 m803.1 m794.6 m765 m2.8 b2.8 b2.9 b2.9 b

Accounts Payable

51.2 m55.8 m61.9 m81.6 m65.6 m193.1 m212.4 m232.1 m236.2 m

Short-term debt

36.8 m22.4 m38.8 m12.8 m13.5 m

Current Liabilities

192.1 m212.3 m232.9 m236.5 m219.3 m

Long-term debt

49.2 m290.4 m376.5 m374.3 m374.4 m

Preferred Stock

29.5 m

Additional Paid-in Capital

119.7 m134.7 m148.8 m150.5 m151.7 m211.7 m218.5 m228.8 m243.7 m

Retained Earnings

(38.3 m)(54.2 m)(46.9 m)(58.2 m)(62.7 m)(110.2 m)(108.3 m)(112.8 m)(188.8 m)

Total Equity

103.8 m94.5 m82.1 m114.9 m166.5 m178.4 m66.5 m

Financial Leverage

7.7 x8.4 x9.3 x24.1 x17.1 x16.2 x43 x

Cash Flow

Annual

USDFY, 2016FY, 2017

Net Income

(97.4 m)(50.5 m)

Depreciation and Amortization

24.5 m36.6 m

Accounts Receivable

(55.9 m)(47.1 m)

Inventories

2.2 m

Accounts Payable

11.9 m54.4 m

Purchases of PP&E

(29 m)

Cash From Financing Activities

18.8 m

Interest Paid

39.2 m47.6 m

Income Taxes Paid

20.9 m19.2 m

Quarterly

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

Net Income

(2.5 m)(14.9 m)(5.3 m)(11 m)(4.5 m)(31.3 m)1.3 m(5.4 m)(15.9 m)

Depreciation and Amortization

344 k921 k5 m5.2 m6.6 m5.6 m5.9 m6 m7.4 m

Accounts Receivable

214 m187.5 m192.6 m221.3 m272.7 m228.1 m

Inventories

17.8 m14.4 m10.6 m11.1 m9 m

Accounts Payable

81.6 m65.6 m193.1 m212.4 m232.1 m236.2 m

Ratios

USDY, 2017

Revenue/Employee

540.3 k

Financial Leverage

17.1 x
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