BEN FY 2010 Earnings Report — Franklin Resources, Inc. Revenue & Financial Results | Market Cap Arena

Franklin Resources, Inc.BEN

FY 2010 Earnings

Reported November 16, 2010

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	$5.9B	—	—	—	—
Op. Income	$2.0B	—	—	—	—
Gross Margin	61.0%	—	—	—	—
Net Margin	24.7%	—	—	—	—
EPS (Diluted)	$2.11	—	—	—	—
Free Cash Flow	$1.6B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$2.3B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$130M
Operating Expenses	$1.6B
Cost & Expenses	$3.9B
OPERATING INCOME	$2.0B
Interest Income	$13M
Interest Expense	$17M
Other Income/Expenses	$111M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$618M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	-$8M
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$267M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$2.3B
GROSS PROFIT	$3.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$130M
Operating Expenses	$1.6B
Cost & Expenses	$3.9B
OPERATING INCOME	$2.0B
Interest Income	$13M
Interest Expense	$17M
Other Income/Expenses	$111M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$618M
Net Income from Continuing Ops	$1.5B
Net Income from Discontinued Ops	$0
Other Adjustments	-$8M
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$267M
EBIT	$2.1B
EBITDA	$2.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.5B
Depreciation & Amortization	$267M
Stock-Based Compensation	$82M
Deferred Income Tax	-$12M
Other Non-Cash Items	-$44M
Change in Working Capital	-$93M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$57M
Acquisitions (Net)	$0
Purchases of Investments	-$760M
Sales/Maturities of Investments	$784M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$33M
Net Debt Issuance	$852M
Common Stock Repurchased	-$676M
Common Dividends Paid	-$884M
Other Financing Activities	$71M
NET CASH FROM FINANCING	-$595M
FREE CASH FLOW	$1.6B
Net Change in Cash	$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$1.6B
Net Receivables	$684M
Inventory	$0
Other Current Assets	$89M
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$549M
Goodwill	$1.4B
Intangible Assets	$562M
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$655M
TOTAL NON-CURRENT ASSETS	$4.3B
TOTAL ASSETS	$10.7B
Account Payables	$547M
Short-Term Debt	$30M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$950M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$238M
Other Non-Current Liabilities	$764M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$3.0B
Common Stock	$22M
Additional Paid-In Capital	$0
Retained Earnings	$7.5B
Treasury Stock	$0
Accum. Other Comp. Income	$174M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.7B
Minority Interest	$23M
TOTAL EQUITY	$7.7B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$980M
Net Debt	-$3.0B