AYI FY 2009 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2009 Earnings

Reported October 29, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.7B	—	$2.0B	—	-18.2%
Op. Income	$154M	—	$261M	—	-41.1%
Gross Margin	38.3%	—	40.3%	—	-1.9pp
Net Margin	5.1%	—	7.3%	—	-2.2pp
EPS (Diluted)	$2.04	—	$3.56	—	-42.7%
Free Cash Flow	$71M	—	$199M	—	-64.2%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$635M
R&D Expenses	$0
Selling & Marketing	$455M
General & Administrative	$0
SG&A Expenses	$455M
Other Expenses	$27M
Operating Expenses	$481M
Cost & Expenses	$1.5B
OPERATING INCOME	$154M
Interest Income	$1M
Interest Expense	$30M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$127M
Income Tax Expense	$42M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$0
Other Adjustments	-$288.0K
NET INCOME	$85M
Net Income Deductions	$9.0K
BOTTOM LINE NET INCOME	$85M
D&A	$36M
EBIT	$157M
EBITDA	$193M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.0B
GROSS PROFIT	$635M
R&D Expenses	$0
Selling & Marketing	$455M
General & Administrative	$0
SG&A Expenses	$455M
Other Expenses	$27M
Operating Expenses	$481M
Cost & Expenses	$1.5B
OPERATING INCOME	$154M
Interest Income	$1M
Interest Expense	$30M
Other Income/Expenses	-$26M
INCOME BEFORE TAX	$127M
Income Tax Expense	$42M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$0
Other Adjustments	-$288.0K
NET INCOME	$85M
Net Income Deductions	$9.0K
BOTTOM LINE NET INCOME	$85M
D&A	$36M
EBIT	$157M
EBITDA	$193M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$85M
Depreciation & Amortization	$36M
Stock-Based Compensation	$0
Deferred Income Tax	-$388.0K
Other Non-Cash Items	$10M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$21M
Acquisitions (Net)	-$162M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$183.0K
NET CASH FROM INVESTING	-$183M
Net Debt Issuance	-$162M
Common Stock Repurchased	$0
Common Dividends Paid	-$22M
Other Financing Activities	$40M
NET CASH FROM FINANCING	-$181M
FREE CASH FLOW	$71M
Net Change in Cash	-$278M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$0
Net Receivables	$227M
Inventory	$141M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$423M
PP&E (Net)	$146M
Goodwill	$515M
Intangible Assets	$177M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$864M
TOTAL ASSETS	$1.3B
Account Payables	$162M
Short-Term Debt	$210M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$476M
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$107M
TOTAL NON-CURRENT LIABILITIES	$142M
TOTAL LIABILITIES	$618M
Common Stock	$499.0K
Additional Paid-In Capital	$647M
Retained Earnings	$403M
Treasury Stock	-$322M
Accum. Other Comp. Income	-$57M
Other Equity	$2M
TOTAL STOCKHOLDERS' EQUITY	$669M
Minority Interest	$0
TOTAL EQUITY	$669M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$232M
Net Debt	$213M