BFH FY 2006 Earnings Report — Bread Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Bread Financial Holdings, Inc.BFH

FY 2006 Earnings

Reported February 26, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.7B	—	—	—	—
Op. Income	$373M	—	—	—	—
Gross Margin	31.0%	—	—	—	—
Net Margin	11.4%	—	—	—	—
EPS (Diluted)	$2.32	—	—	—	—
Free Cash Flow	$368M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$514M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$92M
SG&A Expenses	$92M
Other Expenses	$49M
Operating Expenses	$141M
Cost & Expenses	$1.3B
OPERATING INCOME	$373M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$333M
Income Tax Expense	$126M
Net Income from Continuing Ops	$206M
Net Income from Discontinued Ops	-$17M
Other Adjustments	$0
NET INCOME	$190M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$190M
D&A	$125M
EBIT	$333M
EBITDA	$458M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$514M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$92M
SG&A Expenses	$92M
Other Expenses	$49M
Operating Expenses	$141M
Cost & Expenses	$1.3B
OPERATING INCOME	$373M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$333M
Income Tax Expense	$126M
Net Income from Continuing Ops	$206M
Net Income from Discontinued Ops	-$17M
Other Adjustments	$0
NET INCOME	$190M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$190M
D&A	$125M
EBIT	$333M
EBITDA	$458M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$190M
Depreciation & Amortization	$125M
Stock-Based Compensation	$43M
Deferred Income Tax	-$28M
Other Non-Cash Items	$90M
Change in Working Capital	$49M
OPERATING CASH FLOW	$469M
Capital Expenditure	-$100M
Acquisitions (Net)	-$206M
Purchases of Investments	-$396.0K
Sales/Maturities of Investments	$0
Other Investing Activities	-$237M
NET CASH FROM INVESTING	-$543M
Net Debt Issuance	$276M
Common Stock Repurchased	-$146M
Common Dividends Paid	$0
Other Financing Activities	-$67M
NET CASH FROM FINANCING	$112M
FREE CASH FLOW	$368M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$180M
Short-Term Investments	$0
Net Receivables	$841M
Inventory	$0
Other Current Assets	$289M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$208M
Goodwill	$970M
Intangible Assets	$264M
Long-Term Investments	$325M
Tax Assets	$0
Other Non-Current Assets	$326M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.4B
Account Payables	$113M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$555M
TOTAL CURRENT LIABILITIES	$878M
Long-Term Debt	$737M
Deferred Revenue NC	$652M
Deferred Tax Liabilities	$44M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$2.3B
Common Stock	$869.0K
Additional Paid-In Capital	$835M
Retained Earnings	$528M
Treasury Stock	-$301M
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$745M
Net Debt	$565M