CCJ FY 2008 Earnings Report — Cameco Corporation Revenue & Financial Results | Market Cap Arena

Cameco CorporationCCJ

FY 2008 Earnings

Reported March 27, 2009

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	$2.1B	—	$1.7B	—	23.8%
Op. Income	$383M	—	$347M	—	10.3%
Gross Margin	46.9%	—	47.5%	—	-0.6pp
Net Margin	15.7%	—	18.0%	—	-2.3pp
EPS (Diluted)	$0.94	—	$0.83	—	13.3%
Free Cash Flow	$58M	—	$224M	—	-74.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$981M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$585M
Operating Expenses	$585M
Cost & Expenses	$1.7B
OPERATING INCOME	$383M
Interest Income	$8M
Interest Expense	$17M
Other Income/Expenses	-$134M
INCOME BEFORE TAX	$355M
Income Tax Expense	-$18M
Net Income from Continuing Ops	$268M
Net Income from Discontinued Ops	$0
Other Adjustments	$61M
NET INCOME	$329M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$329M
D&A	$215M
EBIT	$289M
EBITDA	$875M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.1B
GROSS PROFIT	$981M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$585M
Operating Expenses	$585M
Cost & Expenses	$1.7B
OPERATING INCOME	$383M
Interest Income	$8M
Interest Expense	$17M
Other Income/Expenses	-$134M
INCOME BEFORE TAX	$355M
Income Tax Expense	-$18M
Net Income from Continuing Ops	$268M
Net Income from Discontinued Ops	$0
Other Adjustments	$61M
NET INCOME	$329M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$329M
D&A	$215M
EBIT	$289M
EBITDA	$875M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$329M
Depreciation & Amortization	$215M
Stock-Based Compensation	$0
Deferred Income Tax	-$104M
Other Non-Cash Items	$131M
Change in Working Capital	-$100M
OPERATING CASH FLOW	$518M
Capital Expenditure	-$460M
Acquisitions (Net)	-$368M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$837M
Net Debt Issuance	$460M
Common Stock Repurchased	$0
Common Dividends Paid	-$59M
Other Financing Activities	$0
NET CASH FROM FINANCING	$395M
FREE CASH FLOW	$58M
Net Change in Cash	$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$197M
Short-Term Investments	$0
Net Receivables	$419M
Inventory	$344M
Other Current Assets	$860M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$3.2B
Goodwill	$133M
Intangible Assets	$74M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$476M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$5.1B
Account Payables	$376M
Short-Term Debt	$73M
Deferred Revenue	$50M
Other Current Liabilities	$185M
TOTAL CURRENT LIABILITIES	$650M
Long-Term Debt	$887M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$390M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$2.0B
Common Stock	$0
Additional Paid-In Capital	$874M
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	$122M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$570M
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$960M
Net Debt	$763M