BDC FY 2010 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	13.3%
Op. Income	$117M	—	$36M	—	220.7%
Gross Margin	29.0%	—	28.5%	—	0.5pp
Net Margin	7.0%	—	-1.8%	—	8.9pp
EPS (Diluted)	$2.27	—	$-0.53	—	528.3%
Free Cash Flow	$83M	—	$111M	—	-25.2%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$447M
R&D Expenses	$42M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$273M
Other Expenses	$11M
Operating Expenses	$326M
Cost & Expenses	$1.4B
OPERATING INCOME	$117M
Interest Income	$1M
Interest Expense	$50M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$69M
Income Tax Expense	$8M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$47M
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$55M
EBIT	$119M
EBITDA	$175M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.1B
GROSS PROFIT	$447M
R&D Expenses	$42M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$273M
Other Expenses	$11M
Operating Expenses	$326M
Cost & Expenses	$1.4B
OPERATING INCOME	$117M
Interest Income	$1M
Interest Expense	$50M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$69M
Income Tax Expense	$8M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$47M
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$55M
EBIT	$119M
EBITDA	$175M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$55M
Stock-Based Compensation	$12M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$38M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$112M
Capital Expenditure	-$28M
Acquisitions (Net)	-$119M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$139M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$46M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$48M
FREE CASH FLOW	$83M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$359M
Short-Term Investments	$0
Net Receivables	$298M
Inventory	$176M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$861M
PP&E (Net)	$279M
Goodwill	$323M
Intangible Assets	$144M
Long-Term Investments	$0
Tax Assets	$28M
Other Non-Current Assets	$63M
TOTAL NON-CURRENT ASSETS	$836M
TOTAL ASSETS	$1.7B
Account Payables	$212M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$88M
TOTAL CURRENT LIABILITIES	$358M
Long-Term Debt	$551M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$149M
TOTAL NON-CURRENT LIABILITIES	$700M
TOTAL LIABILITIES	$1.1B
Common Stock	$503.0K
Additional Paid-In Capital	$596M
Retained Earnings	$172M
Treasury Stock	-$120M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$639M
Minority Interest	$0
TOTAL EQUITY	$639M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$551M
Net Debt	$193M