BNS FY 2010 Earnings Report — The Bank of Nova Scotia Revenue & Financial Results | Market Cap Arena

The Bank of Nova ScotiaBNS

FY 2010 Earnings

Reported October 30, 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	$11.3B	—	$10.6B	—	7.2%
Op. Income	$10.4B	—	$11.2B	—	-6.8%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	27.3%	—	24.5%	—	2.8pp
EPS (Diluted)	$2.86	—	$2.42	—	18.1%
Free Cash Flow	-$2.4B	—	-$8.2B	—	71.1%

Revenue Flow

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$0
GROSS PROFIT	$11.3B
R&D Expenses	$0
Selling & Marketing	$266M
General & Administrative	$248M
SG&A Expenses	$514M
Other Expenses	-$1.4B
Operating Expenses	-$914M
Cost & Expenses	-$914M
OPERATING INCOME	$10.4B
Interest Income	$12.3B
Interest Expense	$6.0B
Other Income/Expenses	-$96M
INCOME BEFORE TAX	$4.4B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$244M
EBIT	$4.4B
EBITDA	$4.7B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$0
GROSS PROFIT	$11.3B
R&D Expenses	$0
Selling & Marketing	$266M
General & Administrative	$248M
SG&A Expenses	$514M
Other Expenses	-$1.4B
Operating Expenses	-$914M
Cost & Expenses	-$914M
OPERATING INCOME	$10.4B
Interest Income	$12.3B
Interest Expense	$6.0B
Other Income/Expenses	-$96M
INCOME BEFORE TAX	$4.4B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.0B
D&A	$244M
EBIT	$4.4B
EBITDA	$4.7B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.1B
Depreciation & Amortization	$244M
Stock-Based Compensation	$0
Deferred Income Tax	$407M
Other Non-Cash Items	$646M
Change in Working Capital	-$6.5B
OPERATING CASH FLOW	-$2.2B
Capital Expenditure	-$222M
Acquisitions (Net)	-$26.4B
Purchases of Investments	-$20.6B
Sales/Maturities of Investments	$28.9B
Other Investing Activities	-$504M
NET CASH FROM INVESTING	-$18.8B
Net Debt Issuance	$8.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.5B
Other Financing Activities	$14.2B
NET CASH FROM FINANCING	$21.3B
FREE CASH FLOW	-$2.4B
Net Change in Cash	$274M

Balance Sheet

Item	Amount
Cash & Equivalents	$33.6B
Short-Term Investments	$3.4B
Net Receivables	$2.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$45.9B
PP&E (Net)	$1.8B
Goodwill	$2.2B
Intangible Assets	$430M
Long-Term Investments	$85.2B
Tax Assets	$0
Other Non-Current Assets	-$89.6B
TOTAL NON-CURRENT ASSETS	$89.6B
TOTAL ASSETS	$384.9B
Account Payables	$5.3B
Short-Term Debt	$15.7B
Deferred Revenue	$0
Other Current Liabilities	-$21.4B
TOTAL CURRENT LIABILITIES	$21.1B
Long-Term Debt	$5.1B
Deferred Revenue NC	$497M
Deferred Tax Liabilities	$324M
Other Non-Current Liabilities	$254.9B
TOTAL NON-CURRENT LIABILITIES	$21.1B
TOTAL LIABILITIES	$364.3B
Common Stock	$4.2B
Additional Paid-In Capital	$4.2B
Retained Earnings	$16.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$3.0B
Other Equity	-$8.8B
TOTAL STOCKHOLDERS' EQUITY	$20.2B
Minority Interest	$423M
TOTAL EQUITY	$20.6B
TOTAL LIABILITIES & EQUITY	$384.9B
Total Debt	$20.4B
Net Debt	-$13.2B