AYI FY 2007 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2007 Earnings

Reported October 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.8B	—	6.7%
Op. Income	$222M	—	$152M	—	46.2%
Gross Margin	37.9%	—	35.5%	—	2.4pp
Net Margin	7.5%	—	5.8%	—	1.7pp
EPS (Diluted)	$3.37	—	$2.34	—	44.0%
Free Cash Flow	$204M	—	$127M	—	60.5%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$744M
R&D Expenses	$0
Selling & Marketing	$813M
General & Administrative	$0
SG&A Expenses	$522M
Other Expenses	$0
Operating Expenses	$522M
Cost & Expenses	$1.7B
OPERATING INCOME	$222M
Interest Income	$4M
Interest Expense	$30M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$194M
Income Tax Expense	$65M
Net Income from Continuing Ops	$148M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$148M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$148M
D&A	$31M
EBIT	$228M
EBITDA	$260M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$744M
R&D Expenses	$0
Selling & Marketing	$813M
General & Administrative	$0
SG&A Expenses	$522M
Other Expenses	$0
Operating Expenses	$522M
Cost & Expenses	$1.7B
OPERATING INCOME	$222M
Interest Income	$4M
Interest Expense	$30M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$194M
Income Tax Expense	$65M
Net Income from Continuing Ops	$148M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$148M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$148M
D&A	$31M
EBIT	$228M
EBITDA	$260M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$148M
Depreciation & Amortization	$38M
Stock-Based Compensation	$0
Deferred Income Tax	$3M
Other Non-Cash Items	-$6M
Change in Working Capital	$58M
OPERATING CASH FLOW	$241M
Capital Expenditure	-$37M
Acquisitions (Net)	-$43M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	-$648.0K
Common Stock Repurchased	-$45M
Common Dividends Paid	-$26M
Other Financing Activities	$41M
NET CASH FROM FINANCING	-$30M
FREE CASH FLOW	$204M
Net Change in Cash	$134M

Balance Sheet

Item	Amount
Cash & Equivalents	$223M
Short-Term Investments	$0
Net Receivables	$389M
Inventory	$192M
Other Current Assets	$173M
TOTAL CURRENT ASSETS	$868M
PP&E (Net)	$162M
Goodwill	$385M
Intangible Assets	$121M
Long-Term Investments	$12M
Tax Assets	$2M
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$745M
TOTAL ASSETS	$1.6B
Account Payables	$247M
Short-Term Debt	$296.0K
Deferred Revenue	$0
Other Current Liabilities	$150M
TOTAL CURRENT LIABILITIES	$470M
Long-Term Debt	$371M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$94M
TOTAL NON-CURRENT LIABILITIES	$470M
TOTAL LIABILITIES	$941M
Common Stock	$493.0K
Additional Paid-In Capital	$612M
Retained Earnings	$314M
Treasury Stock	-$245M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$672M
Minority Interest	$0
TOTAL EQUITY	$672M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$364M
Net Debt	$150M