AYI FY 2014 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2014 Earnings

Reported October 29, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.1B	—	14.6%
Op. Income	$299M	—	$222M	—	35.0%
Gross Margin	40.9%	—	40.1%	—	0.8pp
Net Margin	7.3%	—	6.1%	—	1.2pp
EPS (Diluted)	$4.05	—	$2.95	—	37.3%
Free Cash Flow	$198M	—	$92M	—	115.7%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$979M
R&D Expenses	$0
Selling & Marketing	$680M
General & Administrative	$0
SG&A Expenses	$680M
Other Expenses	-$200.0K
Operating Expenses	$680M
Cost & Expenses	$2.1B
OPERATING INCOME	$299M
Interest Income	$500.0K
Interest Expense	$33M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$266M
Income Tax Expense	$90M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$43M
EBIT	$298M
EBITDA	$342M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$979M
R&D Expenses	$0
Selling & Marketing	$680M
General & Administrative	$0
SG&A Expenses	$680M
Other Expenses	-$200.0K
Operating Expenses	$680M
Cost & Expenses	$2.1B
OPERATING INCOME	$299M
Interest Income	$500.0K
Interest Expense	$33M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$266M
Income Tax Expense	$90M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$174M
D&A	$43M
EBIT	$298M
EBITDA	$342M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$176M
Depreciation & Amortization	$43M
Stock-Based Compensation	$18M
Deferred Income Tax	-$200.0K
Other Non-Cash Items	-$10M
Change in Working Capital	$6M
OPERATING CASH FLOW	$233M
Capital Expenditure	-$35M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$34M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$198M
Net Change in Cash	$193M

Balance Sheet

Item	Amount
Cash & Equivalents	$553M
Short-Term Investments	$0
Net Receivables	$373M
Inventory	$212M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$153M
Goodwill	$569M
Intangible Assets	$234M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$981M
TOTAL ASSETS	$2.2B
Account Payables	$287M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$56M
TOTAL CURRENT LIABILITIES	$471M
Long-Term Debt	$354M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$58M
Other Non-Current Liabilities	$122M
TOTAL NON-CURRENT LIABILITIES	$534M
TOTAL LIABILITIES	$1.0B
Common Stock	$500.0K
Additional Paid-In Capital	$762M
Retained Earnings	$894M
Treasury Stock	-$420M
Accum. Other Comp. Income	-$72M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$352M
Net Debt	-$201M