BDC FY 2007 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2007 Earnings

Reported February 29, 2008

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	—	$1.5B	—	35.9%
Op. Income	$221M	—	$118M	—	86.3%
Gross Margin	27.6%	—	22.3%	—	5.3pp
Net Margin	6.7%	—	4.4%	—	2.3pp
EPS (Diluted)	$2.71	—	$1.31	—	106.9%
Free Cash Flow	$142M	—	$119M	—	18.9%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.5B
GROSS PROFIT	$561M
R&D Expenses	$18M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$317M
Other Expenses	$2M
Operating Expenses	$337M
Cost & Expenses	$1.8B
OPERATING INCOME	$221M
Interest Income	$7M
Interest Expense	$28M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$202M
Income Tax Expense	$64M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$52M
EBIT	$229M
EBITDA	$281M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.5B
GROSS PROFIT	$561M
R&D Expenses	$18M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$317M
Other Expenses	$2M
Operating Expenses	$337M
Cost & Expenses	$1.8B
OPERATING INCOME	$221M
Interest Income	$7M
Interest Expense	$28M
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$202M
Income Tax Expense	$64M
Net Income from Continuing Ops	$137M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$137M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$137M
D&A	$52M
EBIT	$229M
EBITDA	$281M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$137M
Depreciation & Amortization	$52M
Stock-Based Compensation	$0
Deferred Income Tax	$25M
Other Non-Cash Items	$19M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$206M
Capital Expenditure	-$64M
Acquisitions (Net)	-$590M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$63M
NET CASH FROM INVESTING	-$590M
Net Debt Issuance	$277M
Common Stock Repurchased	-$32M
Common Dividends Paid	-$9M
Other Financing Activities	$41M
NET CASH FROM FINANCING	$277M
FREE CASH FLOW	$142M
Net Change in Cash	-$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$160M
Short-Term Investments	$0
Net Receivables	$373M
Inventory	$258M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$837M
PP&E (Net)	$370M
Goodwill	$649M
Intangible Assets	$155M
Long-Term Investments	$7M
Tax Assets	-$7M
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.1B
Account Payables	$190M
Short-Term Debt	$110M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$460M
Long-Term Debt	$350M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$78M
Other Non-Current Liabilities	$108M
TOTAL NON-CURRENT LIABILITIES	$536M
TOTAL LIABILITIES	$996M
Common Stock	$503.0K
Additional Paid-In Capital	$639M
Retained Earnings	$479M
Treasury Stock	-$139M
Accum. Other Comp. Income	$93M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$460M
Net Debt	$300M