BDC FY 2015 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported February 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.3B	—	0.0%
Op. Income	$141M	—	$163M	—	-13.8%
Gross Margin	39.8%	—	35.5%	—	4.3pp
Net Margin	2.9%	—	3.2%	—	-0.4pp
EPS (Diluted)	$1.54	—	$1.69	—	-8.9%
Free Cash Flow	$181M	—	$149M	—	22.1%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$918M
R&D Expenses	$148M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$526M
Other Expenses	$104M
Operating Expenses	$778M
Cost & Expenses	$2.2B
OPERATING INCOME	$141M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	-$101M
INCOME BEFORE TAX	$40M
Income Tax Expense	-$27M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	-$328.0K
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$150M
EBIT	$141M
EBITDA	$291M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.4B
GROSS PROFIT	$918M
R&D Expenses	$148M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$526M
Other Expenses	$104M
Operating Expenses	$778M
Cost & Expenses	$2.2B
OPERATING INCOME	$141M
Interest Income	$0
Interest Expense	$101M
Other Income/Expenses	-$101M
INCOME BEFORE TAX	$40M
Income Tax Expense	-$27M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	-$328.0K
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$150M
EBIT	$141M
EBITDA	$291M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$150M
Stock-Based Compensation	$18M
Deferred Income Tax	-$51M
Other Non-Cash Items	-$2M
Change in Working Capital	$55M
OPERATING CASH FLOW	$236M
Capital Expenditure	-$55M
Acquisitions (Net)	-$692M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$533.0K
NET CASH FROM INVESTING	-$746M
Net Debt Issuance	$48M
Common Stock Repurchased	-$39M
Common Dividends Paid	-$8M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$181M
Net Change in Cash	-$524M

Balance Sheet

Item	Amount
Cash & Equivalents	$217M
Short-Term Investments	$0
Net Receivables	$387M
Inventory	$196M
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$843M
PP&E (Net)	$311M
Goodwill	$1.4B
Intangible Assets	$656M
Long-Term Investments	$30M
Tax Assets	$34M
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.3B
Account Payables	$224M
Short-Term Debt	$3M
Deferred Revenue	$101M
Other Current Liabilities	$108M
TOTAL CURRENT LIABILITIES	$549M
Long-Term Debt	$1.7B
Deferred Revenue NC	$105M
Deferred Tax Liabilities	$46M
Other Non-Current Liabilities	$145M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.5B
Common Stock	$503.0K
Additional Paid-In Capital	$606M
Retained Earnings	$680M
Treasury Stock	-$403M
Accum. Other Comp. Income	-$59M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$824M
Minority Interest	$1M
TOTAL EQUITY	$826M
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.8B
Net Debt	$1.5B