$244.6 M

HCHC Mkt cap, 15-Oct-2018

$870.5 M

HC2 Holdings Revenue Q2, 2018
HC2 Holdings Gross profit (Q2, 2018)94.2 M
HC2 Holdings Gross profit margin (Q2, 2018), %10.8%
HC2 Holdings Net income (Q2, 2018)40.9 M
HC2 Holdings EBIT (Q2, 2018)-19.3 M
HC2 Holdings Cash, 30-Jun-2018112.3 M

HC2 Holdings Income Statement

Annual

USDFY, 2016FY, 2017

Revenue

1.6b1.5b

Cost of goods sold

1.3b

Gross profit

169.5m

Gross profit Margin, %

11%

General and administrative expense

152.9m182.9m

Operating expense total

152.9m1.6b

Depreciation and amortization

31.3m

EBIT

(1.4m)(1.1m)

EBIT margin, %

0%0%

Interest expense

43.4m55.1m

Pre tax profit

(45.8m)(39.8m)

Income tax expense

(51.6m)(10.7m)

Net Income

(97.4m)(50.5m)

Quarterly

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

Revenue

96.6m179.4m201.8m281.0m277.5m331.7m359.3m413.1m390.6m415.5m870.5m

Cost of goods sold

82.9m158.6m375.7m776.3m

Gross profit

13.7m20.8m39.8m94.2m

Gross profit Margin, %

14%12%10%11%

General and administrative expense

14.0m20.2m23.1m26.5m27.8m36.3m35.6m36.9m39.9m52.1m109.1m

Operating expense total

14.0m20.2m23.1m26.5m27.8m36.3m35.6m36.9m39.9m467.4m969.7m

Depreciation and amortization

9.7m18.7m

EBIT

(1.1m)75.0k3.3m2.4m(19.7m)5.6m6.9m972.0k(13.8m)(19.3m)

EBIT margin, %

(1%)0%1%1%(6%)2%2%0%(3%)(2%)

Interest expense

1.0m2.1m8.6m10.0m10.3m10.3m10.6m10.7m14.1m19.3m36.5m

Pre tax profit

(583.0k)(33.9m)(6.7m)(10.6m)(37.2m)52.0m

Income tax expense

(1.9m)(4.5m)5.8m(2.5m)649.0k2.5m(224.0k)1.3m(5.3m)(1.6m)(11.1m)

Net Income

(2.5m)(14.9m)(5.3m)(11.0m)(4.5m)(31.3m)1.3m(5.4m)(15.9m)(38.9m)40.9m

HC2 Holdings Balance Sheet

Annual

USDFY, 2016FY, 2017

Cash

115.4m97.9m

Accounts Receivable

267.6m322.4m

Inventories

9.6m1.5b

PP&E

286.5m374.7m

Goodwill

98.1m131.7m

Total Assets

2.8b3.2b

Accounts Payable

251.7m347.5m

Total Liabilities

2.7b3.0b

Common Stock

44.0k

Preferred Stock

26.3m

Additional Paid-in Capital

241.5m254.7m

Retained Earnings

(174.3m)(221.2m)

Total Equity

67.4m188.1m

Financial Leverage

42 x17.1 x

Quarterly

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

Cash

40.8m111.7m128.9m68.9m81.1m137.7m134.5m121.3m127.0m92.1m112.3m

Accounts Receivable

138.0m170.5m195.9m214.0m187.5m192.6m221.3m272.7m228.1m327.5m346.7m

Inventories

17.0m23.9m17.1m17.8m14.4m10.6m11.1m9.0m1.5b1.5b1.5b

Current Assets

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

PP&E

83.2m224.8m235.9m221.8m241.8m243.5m244.2m284.3m372.4m368.9m

Goodwill

27.9m35.5m28.0m29.6m30.7m83.8m83.9m86.0m98.1m132.5m128.8m

Total Assets

391.8m729.9m803.1m794.6m765.0m2.8b2.8b2.9b2.9b3.2b3.3b

Accounts Payable

51.2m55.8m61.9m81.6m65.6m193.1m212.4m232.1m236.2m339.4m296.3m

Short-term debt

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

Current Liabilities

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

Long-term debt

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

Total Liabilities

3.1b3.1b

Common Stock

45.0k

Preferred Stock

29.5m26.3m26.3m

Additional Paid-in Capital

119.7m134.7m148.8m150.5m151.7m211.7m218.5m228.8m243.7m253.1m260.0m

Retained Earnings

(38.3m)(54.2m)(46.9m)(58.2m)(62.7m)(110.2m)(108.3m)(112.8m)(188.8m)(252.2m)(197.1m)

Total Equity

103.8m94.5m82.1m114.9m166.5m178.4m66.5m126.3m160.6m

Financial Leverage

7.7 x8.4 x9.3 x24.1 x17.1 x16.2 x43 x25.6 x20.3 x

HC2 Holdings Cash Flow

Annual

USDFY, 2016FY, 2017

Net Income

(97.4m)(50.5m)

Depreciation and Amortization

24.5m36.6m

Accounts Receivable

(55.9m)(47.1m)

Inventories

2.2m

Accounts Payable

11.9m54.4m

Purchases of PP&E

(29.0m)

Cash From Financing Activities

18.8m

Interest Paid

39.2m47.6m

Income Taxes Paid

20.9m19.2m

Quarterly

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

Net Income

(2.5m)(14.9m)(5.3m)(11.0m)(4.5m)(31.3m)1.3m(5.4m)(15.9m)(38.9m)40.9m

Depreciation and Amortization

344.0k921.0k5.0m5.2m6.6m5.6m5.9m6.0m7.4m11.3m22.0m

Accounts Receivable

214.0m187.5m192.6m221.3m272.7m228.1m(1.9m)(23.1m)

Inventories

17.8m14.4m10.6m11.1m9.0m

Accounts Payable

81.6m65.6m193.1m212.4m232.1m236.2m4.7m(9.7m)

Interest Paid

4.4m33.9m

Income Taxes Paid

148.0k11.5m

HC2 Holdings Ratios

USDY, 2018

Financial Leverage

20.3 x
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