AYI FY 2006 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2006 Earnings

Reported November 2, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.8B	—	—	—	—
Op. Income	$152M	—	—	—	—
Gross Margin	35.5%	—	—	—	—
Net Margin	5.8%	—	—	—	—
EPS (Diluted)	$2.34	—	—	—	—
Free Cash Flow	$127M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$772M
General & Administrative	$0
SG&A Expenses	$500M
Other Expenses	$292.0K
Operating Expenses	$501M
Cost & Expenses	$1.7B
OPERATING INCOME	$152M
Interest Income	$1M
Interest Expense	$33M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$119M
Income Tax Expense	$39M
Net Income from Continuing Ops	$107M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$107M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$107M
D&A	$31M
EBIT	$153M
EBITDA	$184M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$772M
General & Administrative	$0
SG&A Expenses	$500M
Other Expenses	$292.0K
Operating Expenses	$501M
Cost & Expenses	$1.7B
OPERATING INCOME	$152M
Interest Income	$1M
Interest Expense	$33M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$119M
Income Tax Expense	$39M
Net Income from Continuing Ops	$107M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$107M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$107M
D&A	$31M
EBIT	$153M
EBITDA	$184M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$107M
Depreciation & Amortization	$39M
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	-$10M
Change in Working Capital	$18M
OPERATING CASH FLOW	$156M
Capital Expenditure	-$29M
Acquisitions (Net)	$151.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	$0
Common Stock Repurchased	-$195M
Common Dividends Paid	-$27M
Other Financing Activities	$78M
NET CASH FROM FINANCING	-$143M
FREE CASH FLOW	$127M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$89M
Short-Term Investments	$0
Net Receivables	$380M
Inventory	$209M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$738M
PP&E (Net)	$211M
Goodwill	$346M
Intangible Assets	$120M
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$706M
TOTAL ASSETS	$1.4B
Account Payables	$244M
Short-Term Debt	$643.0K
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$428M
Long-Term Debt	$371M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$90M
TOTAL NON-CURRENT LIABILITIES	$474M
TOTAL LIABILITIES	$902M
Common Stock	$481.0K
Additional Paid-In Capital	$561M
Retained Earnings	$192M
Treasury Stock	-$195M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$542M
Minority Interest	$0
TOTAL EQUITY	$542M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$372M
Net Debt	$283M