AVD FY 2012 Earnings Report — American Vanguard Corporation Revenue & Financial Results | Market Cap Arena

American Vanguard CorporationAVD

FY 2012 Earnings

Reported March 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$366M	—	$304M	—	20.3%
Op. Income	$59M	—	$39M	—	51.2%
Gross Margin	44.0%	—	40.4%	—	3.6pp
Net Margin	10.1%	—	7.2%	—	2.8pp
EPS (Diluted)	$1.28	—	$0.79	—	62.0%
Free Cash Flow	$19M	—	$33M	—	-40.9%

Revenue Flow

Item	Amount
REVENUE	$366M
Cost of Revenue	$205M
GROSS PROFIT	$161M
R&D Expenses	$21M
Selling & Marketing	$51M
General & Administrative	$30M
SG&A Expenses	$81M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$307M
OPERATING INCOME	$59M
Interest Income	$1.0K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$57M
Income Tax Expense	$20M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$13M
EBIT	$59M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$366M
Cost of Revenue	$205M
GROSS PROFIT	$161M
R&D Expenses	$21M
Selling & Marketing	$51M
General & Administrative	$30M
SG&A Expenses	$81M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$307M
OPERATING INCOME	$59M
Interest Income	$1.0K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$57M
Income Tax Expense	$20M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$13M
EBIT	$59M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$13M
Stock-Based Compensation	$3M
Deferred Income Tax	-$886.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$19M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$0
Net Receivables	$77M
Inventory	$88M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$222M
PP&E (Net)	$46M
Goodwill	$0
Intangible Assets	$114M
Long-Term Investments	-$5M
Tax Assets	$5M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$178M
TOTAL ASSETS	$400M
Account Payables	$33M
Short-Term Debt	$16M
Deferred Revenue	$20M
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$114M
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$174M
Common Stock	$3M
Additional Paid-In Capital	$54M
Retained Earnings	$174M
Treasury Stock	-$5M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$225M
Minority Interest	$359.0K
TOTAL EQUITY	$225M
TOTAL LIABILITIES & EQUITY	$400M
Total Debt	$52M
Net Debt	$14M