BR FY 2007 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

FY 2007 Earnings

Reported August 23, 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	$2.1B	—	$1.9B	—	10.6%
Op. Income	$333M	—	$303M	—	10.0%
Gross Margin	25.7%	—	25.9%	—	-0.2pp
Net Margin	9.2%	—	8.6%	—	0.6pp
EPS (Diluted)	$1.42	—	$1.20	—	18.3%
Free Cash Flow	$123M	—	$385M	—	-68.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.6B
GROSS PROFIT	$550M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$217M
SG&A Expenses	$217M
Other Expenses	$12M
Operating Expenses	$229M
Cost & Expenses	$1.8B
OPERATING INCOME	$333M
Interest Income	$800.0K
Interest Expense	$37M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$321M
Income Tax Expense	$124M
Net Income from Continuing Ops	$197M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$197M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$63M
EBIT	$358M
EBITDA	$421M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.6B
GROSS PROFIT	$550M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$217M
SG&A Expenses	$217M
Other Expenses	$12M
Operating Expenses	$229M
Cost & Expenses	$1.8B
OPERATING INCOME	$333M
Interest Income	$800.0K
Interest Expense	$37M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$321M
Income Tax Expense	$124M
Net Income from Continuing Ops	$197M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$197M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$197M
D&A	$63M
EBIT	$358M
EBITDA	$421M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$197M
Depreciation & Amortization	$63M
Stock-Based Compensation	$24M
Deferred Income Tax	$6M
Other Non-Cash Items	$4M
Change in Working Capital	-$133M
OPERATING CASH FLOW	$161M
Capital Expenditure	-$38M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	$629M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$713M
NET CASH FROM FINANCING	-$84M
FREE CASH FLOW	$123M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$89M
Short-Term Investments	$66M
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$61M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$77M
Goodwill	$480M
Intangible Assets	$31M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$129M
TOTAL NON-CURRENT ASSETS	$718M
TOTAL ASSETS	$2.7B
Account Payables	$92M
Short-Term Debt	$109M
Deferred Revenue	$25M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$618M
Deferred Revenue NC	$40M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$61M
TOTAL NON-CURRENT LIABILITIES	$719M
TOTAL LIABILITIES	$2.1B
Common Stock	$1M
Additional Paid-In Capital	$413M
Retained Earnings	$90M
Treasury Stock	-$100.0K
Accum. Other Comp. Income	$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$531M
Minority Interest	$0
TOTAL EQUITY	$531M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$727M
Net Debt	$638M