BDC FY 2016 Earnings Report — Belden Inc. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported February 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.3B	—	2.1%
Op. Income	$232M	—	$141M	—	65.1%
Gross Margin	41.6%	—	39.8%	—	1.9pp
Net Margin	5.4%	—	2.9%	—	2.6pp
EPS (Diluted)	$3.01	—	$1.54	—	95.5%
Free Cash Flow	$261M	—	$181M	—	43.7%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$981M
R&D Expenses	$141M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$486M
Other Expenses	$98M
Operating Expenses	$725M
Cost & Expenses	$2.1B
OPERATING INCOME	$232M
Interest Income	$0
Interest Expense	$95M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$126M
Income Tax Expense	-$1M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$146M
EBIT	$222M
EBITDA	$367M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.4B
GROSS PROFIT	$981M
R&D Expenses	$141M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$486M
Other Expenses	$98M
Operating Expenses	$725M
Cost & Expenses	$2.1B
OPERATING INCOME	$232M
Interest Income	$0
Interest Expense	$95M
Other Income/Expenses	-$106M
INCOME BEFORE TAX	$126M
Income Tax Expense	-$1M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$146M
EBIT	$222M
EBITDA	$367M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$128M
Depreciation & Amortization	$146M
Stock-Based Compensation	$18M
Deferred Income Tax	-$30M
Other Non-Cash Items	$26M
Change in Working Capital	$27M
OPERATING CASH FLOW	$315M
Capital Expenditure	-$54M
Acquisitions (Net)	-$19M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$435.0K
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$72M
Common Stock Repurchased	$222M
Common Dividends Paid	-$16M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	$402M
FREE CASH FLOW	$261M
Net Change in Cash	$631M

Balance Sheet

Item	Amount
Cash & Equivalents	$848M
Short-Term Investments	$0
Net Receivables	$388M
Inventory	$190M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$309M
Goodwill	$1.4B
Intangible Assets	$560M
Long-Term Investments	$0
Tax Assets	$34M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.8B
Account Payables	$258M
Short-Term Debt	$0
Deferred Revenue	$81M
Other Current Liabilities	$131M
TOTAL CURRENT LIABILITIES	$570M
Long-Term Debt	$1.6B
Deferred Revenue NC	$104M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$141M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.3B
Common Stock	$503.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$784M
Treasury Stock	-$401M
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$1M
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.6B
Net Debt	$772M