CENT FY 2009 Earnings Report — Central Garden & Pet Company Revenue & Financial Results | Market Cap Arena

Central Garden & Pet CompanyCENT

FY 2009 Earnings

Reported November 20, 2009

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	$1.6B	—	$1.7B	—	-5.3%
Op. Income	$103M	—	$97M	—	6.4%
Gross Margin	32.7%	—	30.6%	—	2.1pp
Net Margin	4.1%	—	-15.7%	—	19.8pp
EPS (Diluted)	$0.94	—	$-3.76	—	125.0%
Free Cash Flow	$205M	—	$93M	—	121.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$527M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$401M
Other Expenses	$0
Operating Expenses	$401M
Cost & Expenses	$1.5B
OPERATING INCOME	$103M
Interest Income	$649.0K
Interest Expense	$23M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$104M
Income Tax Expense	$36M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$29M
EBIT	$127M
EBITDA	$156M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$527M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$401M
Other Expenses	$0
Operating Expenses	$401M
Cost & Expenses	$1.5B
OPERATING INCOME	$103M
Interest Income	$649.0K
Interest Expense	$23M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$104M
Income Tax Expense	$36M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$29M
EBIT	$127M
EBITDA	$156M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$29M
Stock-Based Compensation	$11M
Deferred Income Tax	$26M
Other Non-Cash Items	$7M
Change in Working Capital	$83M
OPERATING CASH FLOW	$222M
Capital Expenditure	-$17M
Acquisitions (Net)	-$7M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$21M
Net Debt Issuance	-$103M
Common Stock Repurchased	-$38M
Common Dividends Paid	-$2M
Other Financing Activities	$414.0K
NET CASH FROM FINANCING	-$142M
FREE CASH FLOW	$205M
Net Change in Cash	$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$0
Net Receivables	$207M
Inventory	$285M
Other Current Assets	$44M
TOTAL CURRENT ASSETS	$621M
PP&E (Net)	$165M
Goodwill	$208M
Intangible Assets	$103M
Long-Term Investments	-$54M
Tax Assets	$54M
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$529M
TOTAL ASSETS	$1.2B
Account Payables	$109M
Short-Term Debt	$3M
Deferred Revenue	-$2M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$194M
Long-Term Debt	$405M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$409M
TOTAL LIABILITIES	$604M
Common Stock	$679.0K
Additional Paid-In Capital	$531M
Retained Earnings	$12M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$545M
Minority Interest	$2M
TOTAL EQUITY	$547M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$408M
Net Debt	$322M