CENT FY 2006 Earnings Report — Central Garden & Pet Company Revenue & Financial Results | Market Cap Arena

Central Garden & Pet CompanyCENT

FY 2006 Earnings

Reported December 14, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$96M	—	—	—	—
Gross Margin	33.0%	—	—	—	—
Net Margin	4.0%	—	—	—	—
EPS (Diluted)	$0.95	—	—	—	—
Free Cash Flow	$48M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$535M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$399M
Other Expenses	$0
Operating Expenses	$399M
Cost & Expenses	$1.5B
OPERATING INCOME	$96M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$102M
Income Tax Expense	$36M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$24M
EBIT	$137M
EBITDA	$161M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$535M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$399M
Other Expenses	$0
Operating Expenses	$399M
Cost & Expenses	$1.5B
OPERATING INCOME	$96M
Interest Income	$3M
Interest Expense	$12M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$102M
Income Tax Expense	$36M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$24M
EBIT	$137M
EBITDA	$161M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$24M
Stock-Based Compensation	$5M
Deferred Income Tax	$5M
Other Non-Cash Items	-$3M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$95M
Capital Expenditure	-$48M
Acquisitions (Net)	-$381M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$558.0K
NET CASH FROM INVESTING	-$428M
Net Debt Issuance	$231M
Common Stock Repurchased	-$10M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$332M
FREE CASH FLOW	$48M
Net Change in Cash	-$386.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$28M
Short-Term Investments	$0
Net Receivables	$239M
Inventory	$332M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$635M
PP&E (Net)	$163M
Goodwill	$558M
Intangible Assets	$111M
Long-Term Investments	-$71M
Tax Assets	$71M
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$899M
TOTAL ASSETS	$1.5B
Account Payables	$123M
Short-Term Debt	$3M
Deferred Revenue	$13M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$207M
Long-Term Debt	$565M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$30M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$598M
TOTAL LIABILITIES	$805M
Common Stock	$234.0K
Additional Paid-In Capital	$541M
Retained Earnings	$185M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$727M
Minority Interest	$1M
TOTAL EQUITY	$729M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$568M
Net Debt	$540M