CBT FY 2008 Earnings Report — Cabot Corporation Revenue & Financial Results | Market Cap Arena

Cabot CorporationCBT

FY 2008 Earnings

Reported December 1, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$3.2B	—	$2.6B	—	22.0%
Op. Income	$164M	—	$187M	—	-12.3%
Gross Margin	15.2%	—	19.3%	—	-4.1pp
Net Margin	2.7%	—	4.9%	—	-2.2pp
EPS (Diluted)	$1.34	—	$1.90	—	-29.5%
Free Cash Flow	-$75M	—	$168M	—	-144.6%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.7B
GROSS PROFIT	$485M
R&D Expenses	$74M
Selling & Marketing	$0
General & Administrative	$246M
SG&A Expenses	$246M
Other Expenses	$0
Operating Expenses	$320M
Cost & Expenses	$3.0B
OPERATING INCOME	$164M
Interest Income	$4M
Interest Expense	$38M
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$112M
Income Tax Expense	$14M
Net Income from Continuing Ops	$98M
Net Income from Discontinued Ops	$0
Other Adjustments	$8M
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$163M
EBIT	$150M
EBITDA	$313M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.7B
GROSS PROFIT	$485M
R&D Expenses	$74M
Selling & Marketing	$0
General & Administrative	$246M
SG&A Expenses	$246M
Other Expenses	$0
Operating Expenses	$320M
Cost & Expenses	$3.0B
OPERATING INCOME	$164M
Interest Income	$4M
Interest Expense	$38M
Other Income/Expenses	-$52M
INCOME BEFORE TAX	$112M
Income Tax Expense	$14M
Net Income from Continuing Ops	$98M
Net Income from Discontinued Ops	$0
Other Adjustments	$8M
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$163M
EBIT	$150M
EBITDA	$313M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$163M
Stock-Based Compensation	$26M
Deferred Income Tax	-$30M
Other Non-Cash Items	$3M
Change in Working Capital	-$124M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$199M
Acquisitions (Net)	-$18M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$56M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$176M
Net Debt Issuance	$107M
Common Stock Repurchased	-$35M
Common Dividends Paid	-$47M
Other Financing Activities	$7M
NET CASH FROM FINANCING	$23M
FREE CASH FLOW	-$75M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$1M
Net Receivables	$646M
Inventory	$523M
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$1.1B
Goodwill	$34M
Intangible Assets	$3M
Long-Term Investments	$54M
Tax Assets	$173M
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.9B
Account Payables	$321M
Short-Term Debt	$130M
Deferred Revenue	$119M
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$601M
Long-Term Debt	$586M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$294M
TOTAL NON-CURRENT LIABILITIES	$898M
TOTAL LIABILITIES	$1.5B
Common Stock	$65M
Additional Paid-In Capital	$21M
Retained Earnings	$1.1B
Treasury Stock	-$4M
Accum. Other Comp. Income	$24M
Other Equity	-$51M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$110M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$716M
Net Debt	$587M