CCJ FY 2009 Earnings Report — Cameco Corporation Revenue & Financial Results | Market Cap Arena

Cameco CorporationCCJ

FY 2009 Earnings

Reported March 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.7B	—	$2.1B	—	-19.0%
Op. Income	$1.6B	—	$383M	—	306.0%
Gross Margin	42.8%	—	46.9%	—	-4.1pp
Net Margin	47.5%	—	15.7%	—	31.7pp
EPS (Diluted)	$2.06	—	$0.94	—	120.3%
Free Cash Flow	$218M	—	$58M	—	275.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$969M
GROSS PROFIT	$725M
R&D Expenses	$460.8K
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$99M
Other Expenses	$290M
Operating Expenses	$291M
Cost & Expenses	$1.3B
OPERATING INCOME	$1.6B
Interest Income	$5M
Interest Expense	$11M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$561M
Income Tax Expense	$39M
Net Income from Continuing Ops	$522M
Net Income from Discontinued Ops	$0
Other Adjustments	$280M
NET INCOME	$804M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$804M
D&A	$176M
EBIT	$591M
EBITDA	$767M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$969M
GROSS PROFIT	$725M
R&D Expenses	$460.8K
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$99M
Other Expenses	$290M
Operating Expenses	$291M
Cost & Expenses	$1.3B
OPERATING INCOME	$1.6B
Interest Income	$5M
Interest Expense	$11M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$561M
Income Tax Expense	$39M
Net Income from Continuing Ops	$522M
Net Income from Discontinued Ops	$0
Other Adjustments	$280M
NET INCOME	$804M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$804M
D&A	$176M
EBIT	$591M
EBITDA	$767M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$804M
Depreciation & Amortization	$176M
Stock-Based Compensation	$2M
Deferred Income Tax	-$11M
Other Non-Cash Items	-$405M
Change in Working Capital	-$62M
OPERATING CASH FLOW	$505M
Capital Expenditure	-$287M
Acquisitions (Net)	$0
Purchases of Investments	-$178M
Sales/Maturities of Investments	$0
Other Investing Activities	$640M
NET CASH FROM INVESTING	$175M
Net Debt Issuance	-$169M
Common Stock Repurchased	$0
Common Dividends Paid	-$68M
Other Financing Activities	$0
NET CASH FROM FINANCING	$86M
FREE CASH FLOW	$218M
Net Change in Cash	$758M

Balance Sheet

Item	Amount
Cash & Equivalents	$805M
Short-Term Investments	$148M
Net Receivables	$327M
Inventory	$331M
Other Current Assets	$113M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$2.5B
Goodwill	$0
Intangible Assets	$71M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$989M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$5.4B
Account Payables	$368M
Short-Term Debt	$65M
Deferred Revenue	$81M
Other Current Liabilities	$85M
TOTAL CURRENT LIABILITIES	$558M
Long-Term Debt	$697M
Deferred Revenue NC	$217M
Deferred Tax Liabilities	$98M
Other Non-Current Liabilities	$137M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.7B
Common Stock	$0
Additional Paid-In Capital	$1.2B
Retained Earnings	$2.3B
Treasury Stock	$0
Accum. Other Comp. Income	$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$120M
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$762M
Net Debt	-$44M