BDC FY 2014 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported February 23, 2015

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	$2.3B	—	$2.1B	—	11.6%
Op. Income	$163M	—	$201M	—	-19.0%
Gross Margin	35.5%	—	34.0%	—	1.5pp
Net Margin	3.2%	—	5.0%	—	-1.8pp
EPS (Diluted)	$1.69	—	$2.31	—	-26.8%
Free Cash Flow	$149M	—	$124M	—	19.4%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$819M
R&D Expenses	$114M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$484M
Other Expenses	$58M
Operating Expenses	$656M
Cost & Expenses	$2.1B
OPERATING INCOME	$163M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$82M
INCOME BEFORE TAX	$82M
Income Tax Expense	$7M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$17.0K
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$102M
EBIT	$163M
EBITDA	$265M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.5B
GROSS PROFIT	$819M
R&D Expenses	$114M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$484M
Other Expenses	$58M
Operating Expenses	$656M
Cost & Expenses	$2.1B
OPERATING INCOME	$163M
Interest Income	$0
Interest Expense	$82M
Other Income/Expenses	-$82M
INCOME BEFORE TAX	$82M
Income Tax Expense	$7M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$17.0K
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$102M
EBIT	$163M
EBITDA	$265M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$102M
Stock-Based Compensation	$19M
Deferred Income Tax	-$25M
Other Non-Cash Items	$6M
Change in Working Capital	$17M
OPERATING CASH FLOW	$194M
Capital Expenditure	-$45M
Acquisitions (Net)	-$349M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$392M
Net Debt Issuance	$454M
Common Stock Repurchased	-$92M
Common Dividends Paid	-$9M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$337M
FREE CASH FLOW	$149M
Net Change in Cash	$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$741M
Short-Term Investments	$0
Net Receivables	$380M
Inventory	$228M
Other Current Assets	$43M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$316M
Goodwill	$943M
Intangible Assets	$461M
Long-Term Investments	$33M
Tax Assets	$41M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.3B
Account Payables	$272M
Short-Term Debt	$3M
Deferred Revenue	$45M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$525M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$165M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.5B
Common Stock	$503.0K
Additional Paid-In Capital	$595M
Retained Earnings	$622M
Treasury Stock	-$365M
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$807M
Minority Interest	$0
TOTAL EQUITY	$807M
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.8B
Net Debt	$1.0B