BDC FY 2011 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.5B	—	22.0%
Op. Income	$165M	—	$117M	—	41.6%
Gross Margin	28.8%	—	29.0%	—	-0.2pp
Net Margin	6.1%	—	7.0%	—	-1.0pp
EPS (Diluted)	$2.38	—	$2.27	—	4.8%
Free Cash Flow	$145M	—	$83M	—	73.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$542M
R&D Expenses	$55M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$319M
Other Expenses	$13M
Operating Expenses	$387M
Cost & Expenses	$1.7B
OPERATING INCOME	$165M
Interest Income	$1M
Interest Expense	$48M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$118M
Income Tax Expense	$17M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$13M
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$50M
EBIT	$166M
EBITDA	$216M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$542M
R&D Expenses	$55M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$319M
Other Expenses	$13M
Operating Expenses	$387M
Cost & Expenses	$1.7B
OPERATING INCOME	$165M
Interest Income	$1M
Interest Expense	$48M
Other Income/Expenses	-$47M
INCOME BEFORE TAX	$118M
Income Tax Expense	$17M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$13M
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$50M
EBIT	$166M
EBITDA	$216M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	$50M
Stock-Based Compensation	$11M
Deferred Income Tax	$2M
Other Non-Cash Items	-$7M
Change in Working Capital	$14M
OPERATING CASH FLOW	$185M
Capital Expenditure	-$40M
Acquisitions (Net)	-$59M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$59M
NET CASH FROM INVESTING	-$99M
Net Debt Issuance	$0
Common Stock Repurchased	-$50M
Common Dividends Paid	-$9M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$145M
Net Change in Cash	$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$383M
Short-Term Investments	$0
Net Receivables	$299M
Inventory	$202M
Other Current Assets	$41M
TOTAL CURRENT ASSETS	$925M
PP&E (Net)	$287M
Goodwill	$348M
Intangible Assets	$152M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$863M
TOTAL ASSETS	$1.8B
Account Payables	$228M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$382M
Long-Term Debt	$551M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$161M
TOTAL NON-CURRENT LIABILITIES	$712M
TOTAL LIABILITIES	$1.1B
Common Stock	$503.0K
Additional Paid-In Capital	$601M
Retained Earnings	$276M
Treasury Stock	-$161M
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$695M
Minority Interest	$0
TOTAL EQUITY	$695M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$551M
Net Debt	$168M