CENT FY 2007 Earnings Report — Central Garden & Pet Company Revenue & Financial Results | Market Cap Arena

Central Garden & Pet CompanyCENT

FY 2007 Earnings

Reported November 28, 2007

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	$1.7B	—	$1.6B	—	3.1%
Op. Income	$134M	—	$96M	—	39.9%
Gross Margin	32.0%	—	33.0%	—	-1.0pp
Net Margin	1.9%	—	4.0%	—	-2.1pp
EPS (Diluted)	$0.45	—	$0.95	—	-52.6%
Free Cash Flow	-$22M	—	$48M	—	-145.2%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$534M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$435M
Other Expenses	$0
Operating Expenses	$435M
Cost & Expenses	$1.6B
OPERATING INCOME	$134M
Interest Income	$2M
Interest Expense	$32M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$54M
Income Tax Expense	$20M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$31M
EBIT	$99M
EBITDA	$130M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.1B
GROSS PROFIT	$534M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$435M
Other Expenses	$0
Operating Expenses	$435M
Cost & Expenses	$1.6B
OPERATING INCOME	$134M
Interest Income	$2M
Interest Expense	$32M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$54M
Income Tax Expense	$20M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$31M
EBIT	$99M
EBITDA	$130M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$31M
Stock-Based Compensation	$0
Deferred Income Tax	$17M
Other Non-Cash Items	-$484.0K
Change in Working Capital	-$46M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$60M
Acquisitions (Net)	-$34M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$92M
Net Debt Issuance	$41M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	$46M
FREE CASH FLOW	-$22M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$0
Net Receivables	$247M
Inventory	$378M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$686M
PP&E (Net)	$202M
Goodwill	$599M
Intangible Assets	$100M
Long-Term Investments	-$39M
Tax Assets	$39M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$961M
TOTAL ASSETS	$1.6B
Account Payables	$136M
Short-Term Debt	$3M
Deferred Revenue	-$5M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$215M
Long-Term Debt	$607M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$45M
Other Non-Current Liabilities	$750.0K
TOTAL NON-CURRENT LIABILITIES	$653M
TOTAL LIABILITIES	$868M
Common Stock	$715.0K
Additional Paid-In Capital	$554M
Retained Earnings	$217M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	-$750.0K
TOTAL STOCKHOLDERS' EQUITY	$777M
Minority Interest	$2M
TOTAL EQUITY	$779M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$611M
Net Debt	$589M