CE FY 2007 Earnings Report — Celanese Corporation Revenue & Financial Results | Market Cap Arena

Celanese CorporationCE

FY 2007 Earnings

Reported February 29, 2008

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	$6.4B	—	$6.7B	—	-3.2%
Op. Income	$748M	—	$747M	—	0.1%
Gross Margin	22.4%	—	21.7%	—	0.8pp
Net Margin	6.6%	—	6.1%	—	0.5pp
EPS (Diluted)	$2.49	—	$2.36	—	5.5%
Free Cash Flow	$278M	—	$456M	—	-39.0%

Revenue Flow

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$5.0B
GROSS PROFIT	$1.4B
R&D Expenses	$73M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$516M
Other Expenses	$619M
Operating Expenses	$692M
Cost & Expenses	$5.7B
OPERATING INCOME	$748M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$301M
INCOME BEFORE TAX	$447M
Income Tax Expense	$110M
Net Income from Continuing Ops	$337M
Net Income from Discontinued Ops	-$1M
Other Adjustments	$91M
NET INCOME	$426M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$416M
D&A	$311M
EBIT	$753M
EBITDA	$1.1B
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$5.0B
GROSS PROFIT	$1.4B
R&D Expenses	$73M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$516M
Other Expenses	$619M
Operating Expenses	$692M
Cost & Expenses	$5.7B
OPERATING INCOME	$748M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$301M
INCOME BEFORE TAX	$447M
Income Tax Expense	$110M
Net Income from Continuing Ops	$337M
Net Income from Discontinued Ops	-$1M
Other Adjustments	$91M
NET INCOME	$426M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$416M
D&A	$311M
EBIT	$753M
EBITDA	$1.1B
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$426M
Depreciation & Amortization	$311M
Stock-Based Compensation	$0
Deferred Income Tax	$23M
Other Non-Cash Items	$256M
Change in Working Capital	-$321M
OPERATING CASH FLOW	$566M
Capital Expenditure	-$288M
Acquisitions (Net)	$425M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$69M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	$143M
Net Debt Issuance	-$119M
Common Stock Repurchased	-$403M
Common Dividends Paid	-$35M
Other Financing Activities	-$226M
NET CASH FROM FINANCING	-$714M
FREE CASH FLOW	$278M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$825M
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$636M
Other Current Assets	$156M
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$2.4B
Goodwill	$866M
Intangible Assets	$425M
Long-Term Investments	$1.0B
Tax Assets	$10M
Other Non-Current Assets	$309M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$8.1B
Account Payables	$818M
Short-Term Debt	$272M
Deferred Revenue	$30M
Other Current Liabilities	$690M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$3.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$265M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$7.0B
Common Stock	$0
Additional Paid-In Capital	$469M
Retained Earnings	$799M
Treasury Stock	-$403M
Accum. Other Comp. Income	$197M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$5M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$3.6B
Net Debt	$2.7B