Company name:

Graftech International Ltd

  • IPO SHARE PRICE:
    $15.00
  • IPO DATE:
    April 19, 2018
  • TICKER:
    EAF
  • MAIN STOCK EXCHANGE:
    NYSE
  • CURRENT HQ LOCATION:
    982 Keynote Circle 44131 Brooklyn Heights Ohio Zip Code
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Graftech International Ltd

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Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Total Revenue
45,679
 550,771 1,895,910 1,790,793 1,224,361 1,224,361 1,352,040
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
51.9%
46.1% —

Cost of sales

5.5% —

Selling and administrative

0.3% —

Research and development
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of sales
45,679
 463,054 705,698 750,390 563,864 563,864 649,940
Additions to lower of cost or market inventory reserve Additions to lower of cost or market inventory reserve
45,679
 - - - - - -
Gross profit
45,679
 $87,717 $1,190,212 $1,040,403 $660,497 $660,497 $702,100
Research and development
45,679
 3,456 2,129 2,684 3,975 3,975 7,612
Selling and administrative
45,679
 52,506 62,032 63,674 67,913 67,913 71,672
Impairment of long-lived assets and goodwill
45,679
 - - - - - -
Other expenses
-
 - 3,361 5,203 3,330 3,330 -
Total operating expenses
45,679
 $519,016 $769,859 $816,748 $635,752 $635,752 $729,224
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
48.1%
48.1% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
 $31,755 $1,126,051 $974,045 $588,609 $588,609 $622,816
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
1.7%
1.7% —

Related party Tax Receivable Agreement expense or benefit
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Related party Tax Receivable Agreement expense or benefit
45,679
 - 86,478 3,393 (21,090) (21,090) (70,976)
Other expense or income
45,679
 (2,104) 3,361 5,203 - - -
Total non-operating income (expense)
45,679
 (2,104) 89,839 8,596 (21,090) (21,090) (70,976)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
46.4%
46.4% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
 $29,651 $1,215,890 $982,641 $567,519 $567,519 $551,840
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
14.0%
0.1% —

Interest income

6.2% —

Income tax expense or benefit

8.0% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
 30,823 135,061 127,331 98,074 98,074 116,192
Interest income
45,679
 (395) (1,657) (4,709) (1,750) (1,750) (672)
Income (loss) from continuing operations before income taxes Income (loss) from continuing operations before income taxes
45,679
 3,431 902,808 842,827 510,045 510,045 -
Income tax expense or benefit
45,679
 (10,781) 48,920 98,225 75,671 75,671 55,332
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
35.5%
35.5% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Income from continuing operations
$45,679
 $14,212 $853,888 $744,602 $434,374 $434,374 -
Income from discontinued operations
45,679
 (6,229) 331 - - - -
Net income (loss)
45,679
 7,983 854,219 744,602 434,374 434,374 500,384

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Common
-
 - 290,537,612 268,930,987 267,191,799 267,191,799 267,191,799
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
 $0.03 $2.87 $2.58 $1.62 $1.62 $1.88
Net Income per basic share from continuing operations
$45,678,795.00
 $0.05 $2.87 $2.58 $1.62 $1.62 -
Net Income per diluted share
$45,678,795.00
 $0.03 $2.87 $2.58 $1.62 $1.62 $1.88