AJRD · Aerojet Rocketdyne Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $566.30M | - | $549.80M | $528.50M | $511.10M | - | $545.30M | $556.90M | $496.10M | - |
| Cost of Revenue | $488.20M | - | $459.30M | $469.50M | $425.50M | - | $446.50M | $446.10M | $418.00M | - |
| Gross Profit | $78.10M | - | $90.50M | $59.00M | $85.60M | - | $98.80M | $110.80M | $78.10M | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $10.30M | - | $5.60M | $9.60M | $8.20M | - | $5.20M | $13.60M | $9.00M | - |
| Total Operating Expenses | $533.00M | - | $496.50M | $500.30M | $468.40M | - | $473.90M | $482.60M | $450.30M | - |
| D&A | $13.30M | - | $13.80M | $13.80M | $14.40M | - | $13.50M | $15.70M | $15.20M | - |
| Operating Income | $33.30M | - | $53.30M | $28.20M | $42.70M | - | $71.40M | $74.30M | $45.80M | - |
| Interest Expense | $5.70M | - | $5.10M | $4.30M | $3.90M | - | $4.90M | $5.10M | $5.10M | - |
| Income Tax | $6.00M | - | $13.70M | $7.30M | $10.50M | - | $14.70M | $16.00M | $5.60M | - |
| Net Income | $27.80M | - | $13.70M | $16.40M | $27.80M | - | $42.60M | $45.00M | $18.10M | - |
| EPS - Basic | $0.34 | - | $0.17 | $0.20 | $0.34 | - | $0.53 | $0.56 | $0.23 | - |
| EPS - Diluted | $0.34 | - | $0.17 | $0.20 | $0.33 | - | $0.52 | $0.54 | $0.22 | - |
Balance Sheet
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $272.50M | $322.10M | $334.50M | $560.30M | $610.90M | $700.40M | $624.90M | $571.30M | $503.70M | $1.15B |
| Accounts Receivable | $177.40M | $126.60M | $134.00M | $170.30M | $143.40M | $60.60M | $85.20M | $167.10M | $206.30M | $75.60M |
| Inventory | - | $15.80M | - | - | - | $10.00M | - | - | - | $10.00M |
| Accounts Payable | $122.80M | $142.10M | $117.00M | $115.10M | $115.10M | $132.20M | $99.20M | $99.50M | $71.80M | $99.10M |
| Current Assets | $998.00M | $1.07B | $1.00B | $1.25B | $1.23B | $1.24B | $1.17B | $1.18B | $1.15B | $1.66B |
| Total Assets | $2.31B | $2.37B | $2.27B | $2.47B | $2.45B | $2.43B | $2.36B | $2.38B | $2.36B | $2.90B |
| Current Liabilities | $650.30M | $747.10M | $802.90M | $963.20M | $913.40M | $875.80M | $808.90M | $876.00M | $903.20M | $1.46B |
| Long-term Debt | - | - | $265.70M | $415.00M | $428.10M | - | $434.70M | $453.50M | $608.50M | - |
| Total Liabilities | $1.75B | $1.83B | $1.75B | $1.89B | $1.90B | $1.90B | $1.96B | $2.04B | $2.09B | $2.67B |
| Stockholders' Equity | $562.80M | $541.30M | $525.10M | $574.10M | $549.90M | $533.50M | $400.30M | $339.10M | $277.00M | $233.50M |
| Retained Earnings | $204.80M | $176.60M | $160.40M | $146.60M | $7.90M | $91.90M | $53.80M | $11.20M | ($33.80M) | ($65.20M) |
Cash Flow
| Line item | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($32.80M) | - | - | - | ($75.00M) | - | - | - | ($69.40M) | - |
| Investing Cash Flow | ($1.60M) | - | - | - | ($2.20M) | - | - | - | ($5.70M) | - |
| Financing Cash Flow | ($15.20M) | - | - | - | ($12.30M) | - | - | - | ($570.70M) | - |
| CapEx | $1.60M | - | - | - | $2.20M | - | - | - | $3.80M | - |
| Free Cash Flow | ($34.40M) | - | - | - | ($77.20M) | - | - | - | ($73.20M) | - |
Ratios
| Metric | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 13.8% | - | 16.5% | 11.2% | 16.7% | - | 18.1% | 19.9% | 15.7% | - |
| Operating margin | 5.9% | - | 9.7% | 5.3% | 8.4% | - | 13.1% | 13.3% | 9.2% | - |
| EBITDA margin | 8.2% | - | 12.2% | 7.9% | 11.2% | - | 15.6% | 16.2% | 12.3% | - |
| Net margin | 4.9% | - | 2.5% | 3.1% | 5.4% | - | 7.8% | 8.1% | 3.6% | - |
| Free cash flow margin | -6.1% | - | - | - | -15.1% | - | - | - | -14.8% | - |
| FCF / Net income | -1.24 | - | - | - | -2.78 | - | - | - | -4.04 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 1.8% | - | 1.0% | 1.8% | 1.6% | - | 1.0% | 2.4% | 1.8% | - |
| Effective tax rate | 17.8% | - | 50.0% | 30.8% | 27.4% | - | 25.7% | 26.2% | 23.6% | - |
| Return on assets | 1.2% | - | 0.6% | 0.7% | 1.1% | - | 1.8% | 1.9% | 0.8% | - |
| Return on equity | 4.9% | - | 2.6% | 2.9% | 5.1% | - | 10.6% | 13.3% | 6.5% | - |
| Return on invested capital | - | - | 3.4% | 2.0% | 3.2% | - | 6.4% | 6.9% | 4.0% | - |
| Liquidity | ||||||||||
| Current ratio | 1.53 | 1.43 | 1.25 | 1.29 | 1.35 | 1.41 | 1.45 | 1.35 | 1.27 | 1.14 |
| Quick ratio | 1.53 | 1.41 | 1.25 | 1.29 | 1.35 | 1.40 | 1.45 | 1.35 | 1.27 | 1.13 |
| Cash ratio | 0.42 | 0.43 | 0.42 | 0.58 | 0.67 | 0.80 | 0.77 | 0.65 | 0.56 | 0.79 |
| Leverage | ||||||||||
| Debt / Equity | - | - | 0.51 | 0.72 | 0.78 | - | 1.09 | 1.34 | 2.20 | - |
| Debt / Assets | - | - | 0.12 | 0.17 | 0.17 | - | 0.18 | 0.19 | 0.26 | - |
| Debt / EBITDA | - | - | 3.96 | 9.88 | 7.50 | - | 5.12 | 5.04 | 9.98 | - |
| Interest coverage | 5.8x | - | 10.5x | 6.6x | 10.9x | - | 14.6x | 14.6x | 9.0x | - |
| Equity multiplier | 4.11 | 4.38 | 4.33 | 4.30 | 4.45 | 4.56 | 5.90 | 7.02 | 8.53 | 12.42 |
| Liabilities / Assets | 0.76 | 0.77 | 0.77 | 0.77 | 0.78 | 0.78 | 0.83 | 0.86 | 0.88 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | - | 0.24 | 0.21 | 0.21 | - | 0.23 | 0.23 | 0.21 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 114d | - | 89d | 118d | 102d | - | 57d | 110d | 152d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 92d | - | 93d | 89d | 99d | - | 81d | 81d | 63d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 10.8% | - | 0.8% | -5.1% | 3.0% | - | 3.3% | 8.7% | 4.2% | - |
| Revenue CAGR (3y) | 6.0% | - | 4.5% | 2.9% | 1.3% | - | 4.0% | 6.0% | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | -8.8% | - | -8.4% | -46.8% | 9.6% | - | 14.8% | 14.0% | -3.8% | - |
| Operating income growth (YoY) | -22.0% | - | -25.4% | -62.0% | -6.8% | - | 26.4% | 7.7% | -19.8% | - |
| Net income growth (YoY) | 0.0% | - | -67.8% | -63.6% | 53.6% | - | 34.4% | 14.8% | -42.4% | - |
| EPS growth (YoY) | 3.0% | - | -67.3% | -63.0% | 50.0% | - | 36.8% | 14.9% | -40.5% | - |
| EPS CAGR (3y) | -2.8% | - | -24.2% | -28.2% | -11.1% | - | 45.2% | 19.1% | 40.1% | - |
| EPS CAGR (5y) | 33.6% | - | - | - | - | - | - | 43.1% | 22.4% | - |
| FCF growth (YoY) | 55.4% | - | - | - | -5.5% | - | - | - | -264.2% | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | 2.3% | 1.5% | 31.2% | 69.3% | 98.5% | 128.5% | -43.5% | -49.5% | -55.1% | -59.5% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$43.50M totalAerospaceand Defense$34.80M · 80.0%
Real Estate Segment$8.70M · 20.0%
Peer comparison
Same SIC group: Guided Missiles & Space Vehicles & Parts
Comparing AEROJET ROCKETDYNE HOLDINGS against the 5 most active filers in the same SIC group.