CENT FY 2011 Earnings Report — Central Garden & Pet Company Revenue & Financial Results | Market Cap Arena

Central Garden & Pet CompanyCENT

FY 2011 Earnings

Reported November 18, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$87M	—	—	—	—
Gross Margin	30.3%	—	—	—	—
Net Margin	1.7%	—	—	—	—
EPS (Diluted)	$0.50	—	—	—	—
Free Cash Flow	$19M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$409M
Other Expenses	$0
Operating Expenses	$409M
Cost & Expenses	$1.5B
OPERATING INCOME	$87M
Interest Income	$296.0K
Interest Expense	$38M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$48M
Income Tax Expense	$20M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$29M
EBIT	$86M
EBITDA	$115M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$409M
Other Expenses	$0
Operating Expenses	$409M
Cost & Expenses	$1.5B
OPERATING INCOME	$87M
Interest Income	$296.0K
Interest Expense	$38M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$48M
Income Tax Expense	$20M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$29M
EBIT	$86M
EBITDA	$115M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$29M
Stock-Based Compensation	$7M
Deferred Income Tax	$25M
Other Non-Cash Items	-$835.0K
Change in Working Capital	-$38M
OPERATING CASH FLOW	$51M
Capital Expenditure	-$32M
Acquisitions (Net)	-$25M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$59M
Other Investing Activities	-$56M
NET CASH FROM INVESTING	-$56M
Net Debt Issuance	$35M
Common Stock Repurchased	-$109M
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$74M
FREE CASH FLOW	$19M
Net Change in Cash	-$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$18M
Net Receivables	$195M
Inventory	$330M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$603M
PP&E (Net)	$176M
Goodwill	$210M
Intangible Assets	$85M
Long-Term Investments	-$3M
Tax Assets	$19M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$490M
TOTAL ASSETS	$1.1B
Account Payables	$117M
Short-Term Debt	$279.0K
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$192M
Long-Term Debt	$435M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$444M
TOTAL LIABILITIES	$636M
Common Stock	$504.0K
Additional Paid-In Capital	$396M
Retained Earnings	$59M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$457M
Minority Interest	$6.0K
TOTAL EQUITY	$457M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$436M
Net Debt	$424M