CBT FY 2007 Earnings Report — Cabot Corporation Revenue & Financial Results | Market Cap Arena

Cabot CorporationCBT

FY 2007 Earnings

Reported November 29, 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	$2.6B	—	$2.5B	—	2.9%
Op. Income	$187M	—	$126M	—	48.4%
Gross Margin	19.3%	—	16.5%	—	2.8pp
Net Margin	4.9%	—	3.5%	—	1.5pp
EPS (Diluted)	$1.90	—	$1.28	—	48.4%
Free Cash Flow	$168M	—	$64M	—	162.5%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.1B
GROSS PROFIT	$505M
R&D Expenses	$69M
Selling & Marketing	$0
General & Administrative	$249M
SG&A Expenses	$249M
Other Expenses	$0
Operating Expenses	$318M
Cost & Expenses	$2.4B
OPERATING INCOME	$187M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$168M
Income Tax Expense	$38M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$2M
Other Adjustments	$12M
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$149M
EBIT	$187M
EBITDA	$336M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.1B
GROSS PROFIT	$505M
R&D Expenses	$69M
Selling & Marketing	$0
General & Administrative	$249M
SG&A Expenses	$249M
Other Expenses	$0
Operating Expenses	$318M
Cost & Expenses	$2.4B
OPERATING INCOME	$187M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$19M
INCOME BEFORE TAX	$168M
Income Tax Expense	$38M
Net Income from Continuing Ops	$130M
Net Income from Discontinued Ops	$2M
Other Adjustments	$12M
NET INCOME	$129M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$149M
EBIT	$187M
EBITDA	$336M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$129M
Depreciation & Amortization	$149M
Stock-Based Compensation	$23M
Deferred Income Tax	-$27M
Other Non-Cash Items	$9M
Change in Working Capital	$26M
OPERATING CASH FLOW	$309M
Capital Expenditure	-$141M
Acquisitions (Net)	-$4M
Purchases of Investments	-$95M
Sales/Maturities of Investments	$95M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$31M
Common Stock Repurchased	-$202M
Common Dividends Paid	-$48M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$211M
FREE CASH FLOW	$168M
Net Change in Cash	-$35M

Balance Sheet

Item	Amount
Cash & Equivalents	$154M
Short-Term Investments	$2M
Net Receivables	$563M
Inventory	$442M
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.0B
Goodwill	$34M
Intangible Assets	$4M
Long-Term Investments	$68M
Tax Assets	$120M
Other Non-Current Assets	$117M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.6B
Account Payables	$305M
Short-Term Debt	$82M
Deferred Revenue	$124M
Other Current Liabilities	$38M
TOTAL CURRENT LIABILITIES	$549M
Long-Term Debt	$503M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$298M
TOTAL NON-CURRENT LIABILITIES	$817M
TOTAL LIABILITIES	$1.4B
Common Stock	$65M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	-$5M
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$76M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$585M
Net Debt	$431M