BNS FY 2007 Earnings Report — The Bank of Nova Scotia Revenue & Financial Results | Market Cap Arena

The Bank of Nova ScotiaBNS

FY 2007 Earnings

Reported October 30, 2007

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	$9.1B	—	$8.2B	—	11.4%
Op. Income	$13.9B	—	$11.5B	—	21.1%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	32.4%	—	31.9%	—	0.5pp
EPS (Diluted)	$2.93	—	$2.59	—	13.0%
Free Cash Flow	$1.2B	—	-$4.5B	—	127.2%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$0
GROSS PROFIT	$9.1B
R&D Expenses	$0
Selling & Marketing	$227M
General & Administrative	$2.9B
SG&A Expenses	$3.1B
Other Expenses	$1.7B
Operating Expenses	$4.8B
Cost & Expenses	$4.8B
OPERATING INCOME	$13.9B
Interest Income	$15.4B
Interest Expense	$10.2B
Other Income/Expenses	-$161M
INCOME BEFORE TAX	$3.7B
Income Tax Expense	$777M
Net Income from Continuing Ops	$3.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$195M
EBIT	-$195M
EBITDA	$0
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$0
GROSS PROFIT	$9.1B
R&D Expenses	$0
Selling & Marketing	$227M
General & Administrative	$2.9B
SG&A Expenses	$3.1B
Other Expenses	$1.7B
Operating Expenses	$4.8B
Cost & Expenses	$4.8B
OPERATING INCOME	$13.9B
Interest Income	$15.4B
Interest Expense	$10.2B
Other Income/Expenses	-$161M
INCOME BEFORE TAX	$3.7B
Income Tax Expense	$777M
Net Income from Continuing Ops	$3.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$195M
EBIT	-$195M
EBITDA	$0
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.0B
Depreciation & Amortization	$195M
Stock-Based Compensation	$0
Deferred Income Tax	-$77M
Other Non-Cash Items	-$2.2B
Change in Working Capital	$681M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$232M
Acquisitions (Net)	$0
Purchases of Investments	-$23.5B
Sales/Maturities of Investments	$24.2B
Other Investing Activities	-$33.4B
NET CASH FROM INVESTING	-$32.9B
Net Debt Issuance	-$555M
Common Stock Repurchased	-$460M
Common Dividends Paid	-$1.3B
Other Financing Activities	$33.0B
NET CASH FROM FINANCING	$31.5B
FREE CASH FLOW	$1.2B
Net Change in Cash	-$104M

Balance Sheet

Item	Amount
Cash & Equivalents	$18.4B
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$20.3B
PP&E (Net)	$1.7B
Goodwill	$0
Intangible Assets	$1.9B
Long-Term Investments	$64.9B
Tax Assets	$0
Other Non-Current Assets	-$67.6B
TOTAL NON-CURRENT ASSETS	$67.6B
TOTAL ASSETS	$300.7B
Account Payables	$4.9B
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$4.9B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.2B
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$286.6B
Common Stock	$0
Additional Paid-In Capital	$2.6B
Retained Earnings	$12.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$2.8B
Other Equity	-$263.7K
TOTAL STOCKHOLDERS' EQUITY	$13.7B
Minority Interest	$363M
TOTAL EQUITY	$14.1B
TOTAL LIABILITIES & EQUITY	$300.7B
Total Debt	$1.2B
Net Debt	-$17.1B