AVD FY 2011 Earnings Report — American Vanguard Corporation Revenue & Financial Results | Market Cap Arena

American Vanguard CorporationAVD

FY 2011 Earnings

Reported March 9, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$304M	—	$230M	—	32.6%
Op. Income	$39M	—	$19M	—	104.4%
Gross Margin	40.4%	—	38.8%	—	1.6pp
Net Margin	7.2%	—	4.8%	—	2.5pp
EPS (Diluted)	$0.79	—	$0.40	—	97.5%
Free Cash Flow	$33M	—	-$7M	—	536.4%

Revenue Flow

Item	Amount
REVENUE	$304M
Cost of Revenue	$181M
GROSS PROFIT	$123M
R&D Expenses	$18M
Selling & Marketing	$23M
General & Administrative	$42M
SG&A Expenses	$66M
Other Expenses	$0
Operating Expenses	$84M
Cost & Expenses	$265M
OPERATING INCOME	$39M
Interest Income	$3.0K
Interest Expense	$3M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$35M
Income Tax Expense	$13M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$14M
EBIT	$38M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$304M
Cost of Revenue	$181M
GROSS PROFIT	$123M
R&D Expenses	$18M
Selling & Marketing	$23M
General & Administrative	$42M
SG&A Expenses	$66M
Other Expenses	$0
Operating Expenses	$84M
Cost & Expenses	$265M
OPERATING INCOME	$39M
Interest Income	$3.0K
Interest Expense	$3M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$35M
Income Tax Expense	$13M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$14M
EBIT	$38M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$14M
Stock-Based Compensation	$2M
Deferred Income Tax	$5M
Other Non-Cash Items	$3M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$7M
Net Debt Issuance	$4M
Common Stock Repurchased	$20M
Common Dividends Paid	-$2M
Other Financing Activities	$179.0K
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$33M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$70M
Inventory	$71M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$178M
PP&E (Net)	$39M
Goodwill	$0
Intangible Assets	$116M
Long-Term Investments	-$15M
Tax Assets	$15M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$161M
TOTAL ASSETS	$339M
Account Payables	$23M
Short-Term Debt	$14M
Deferred Revenue	$8M
Other Current Liabilities	$1M
TOTAL CURRENT LIABILITIES	$79M
Long-Term Debt	$52M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$73M
TOTAL LIABILITIES	$152M
Common Stock	$3M
Additional Paid-In Capital	$46M
Retained Earnings	$144M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$187M
Minority Interest	$0
TOTAL EQUITY	$187M
TOTAL LIABILITIES & EQUITY	$339M
Total Debt	$66M
Net Debt	$31M