ATR FY 2013 Earnings Report — AptarGroup, Inc. Revenue & Financial Results | Market Cap Arena

AptarGroup, Inc.ATR

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.3B	—	8.1%
Op. Income	$285M	—	$259M	—	9.9%
Gross Margin	32.2%	—	31.8%	—	0.4pp
Net Margin	6.8%	—	7.0%	—	-0.2pp
EPS (Diluted)	$2.52	—	$2.38	—	5.9%
Free Cash Flow	$134M	—	$140M	—	-4.3%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$811M
R&D Expenses	$72M
Selling & Marketing	$0
General & Administrative	$365M
SG&A Expenses	$365M
Other Expenses	-$2M
Operating Expenses	$515M
Cost & Expenses	$2.2B
OPERATING INCOME	$285M
Interest Income	$3M
Interest Expense	$21M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$264M
Income Tax Expense	$92M
Net Income from Continuing Ops	$172M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$172M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$172M
D&A	$150M
EBIT	$285M
EBITDA	$447M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$811M
R&D Expenses	$72M
Selling & Marketing	$0
General & Administrative	$365M
SG&A Expenses	$365M
Other Expenses	-$2M
Operating Expenses	$515M
Cost & Expenses	$2.2B
OPERATING INCOME	$285M
Interest Income	$3M
Interest Expense	$21M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$264M
Income Tax Expense	$92M
Net Income from Continuing Ops	$172M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$172M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$172M
D&A	$150M
EBIT	$285M
EBITDA	$447M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$172M
Depreciation & Amortization	$150M
Stock-Based Compensation	$14M
Deferred Income Tax	$7M
Other Non-Cash Items	$20M
Change in Working Capital	-$77M
OPERATING CASH FLOW	$286M
Capital Expenditure	-$152M
Acquisitions (Net)	-$5M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$371.0K
NET CASH FROM INVESTING	-$157M
Net Debt Issuance	$69M
Common Stock Repurchased	-$119M
Common Dividends Paid	-$66M
Other Financing Activities	$48M
NET CASH FROM FINANCING	-$68M
FREE CASH FLOW	$134M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$310M
Short-Term Investments	$0
Net Receivables	$438M
Inventory	$353M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$865M
Goodwill	$359M
Intangible Assets	$50M
Long-Term Investments	$8M
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.5B
Account Payables	$150M
Short-Term Debt	$140M
Deferred Revenue	$37M
Other Current Liabilities	$126M
TOTAL CURRENT LIABILITIES	$543M
Long-Term Debt	$355M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$75M
TOTAL NON-CURRENT LIABILITIES	$475M
TOTAL LIABILITIES	$1.0B
Common Stock	$853.0K
Additional Paid-In Capital	$494M
Retained Earnings	$1.6B
Treasury Stock	-$744M
Accum. Other Comp. Income	$110M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$551.0K
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$497M
Net Debt	$188M