BFH FY 2007 Earnings Report — Bread Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Bread Financial Holdings, Inc.BFH

FY 2007 Earnings

Reported February 28, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$2.0B	—	$1.7B	—	18.4%
Op. Income	$421M	—	$373M	—	12.8%
Gross Margin	30.0%	—	31.0%	—	-1.0pp
Net Margin	8.4%	—	11.4%	—	-3.1pp
EPS (Diluted)	$2.03	—	$2.32	—	-12.5%
Free Cash Flow	$455M	—	$368M	—	23.5%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$588M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$81M
SG&A Expenses	$81M
Other Expenses	$86M
Operating Expenses	$167M
Cost & Expenses	$1.5B
OPERATING INCOME	$421M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$352M
Income Tax Expense	$137M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	-$50M
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$167M
EBIT	$380M
EBITDA	$547M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$588M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$81M
SG&A Expenses	$81M
Other Expenses	$86M
Operating Expenses	$167M
Cost & Expenses	$1.5B
OPERATING INCOME	$421M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$352M
Income Tax Expense	$137M
Net Income from Continuing Ops	$214M
Net Income from Discontinued Ops	-$50M
Other Adjustments	$0
NET INCOME	$164M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$164M
D&A	$167M
EBIT	$380M
EBITDA	$547M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$164M
Depreciation & Amortization	$167M
Stock-Based Compensation	$56M
Deferred Income Tax	-$28M
Other Non-Cash Items	$43M
Change in Working Capital	$170M
OPERATING CASH FLOW	$572M
Capital Expenditure	-$117M
Acquisitions (Net)	-$446M
Purchases of Investments	-$8M
Sales/Maturities of Investments	$8M
Other Investing Activities	-$132M
NET CASH FROM INVESTING	-$695M
Net Debt Issuance	$207M
Common Stock Repurchased	-$109M
Common Dividends Paid	$0
Other Financing Activities	$77M
NET CASH FROM FINANCING	$197M
FREE CASH FLOW	$455M
Net Change in Cash	$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$219M
Short-Term Investments	$0
Net Receivables	$881M
Inventory	$0
Other Current Assets	$893M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$193M
Goodwill	$1.2B
Intangible Assets	$343M
Long-Term Investments	$379M
Tax Assets	$33M
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$4.2B
Account Payables	$134M
Short-Term Debt	$314M
Deferred Revenue	$683M
Other Current Liabilities	$678M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$644M
Deferred Revenue NC	$145M
Deferred Tax Liabilities	$59M
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$950M
TOTAL LIABILITIES	$3.0B
Common Stock	$878.0K
Additional Paid-In Capital	$899M
Retained Earnings	$683M
Treasury Stock	-$409M
Accum. Other Comp. Income	$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$958M
Net Debt	$738M