CHT FY 2006 Earnings Report — Chunghwa Telecom Co., Ltd. Revenue & Financial Results | Market Cap Arena

Chunghwa Telecom Co., Ltd.CHT

FY 2006 Earnings

Reported December 31, 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	$5.9B	—	—	—	—
Op. Income	$1.8B	—	—	—	—
Gross Margin	66.4%	—	—	—	—
Net Margin	22.6%	—	—	—	—
EPS (Diluted)	$1.17	—	—	—	—
Free Cash Flow	$2.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$2.0B
GROSS PROFIT	$3.9B
R&D Expenses	$90M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$758M
Other Expenses	$2.0B
Operating Expenses	$2.1B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.8B
Interest Income	$26M
Interest Expense	$0
Other Income/Expenses	$33M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$484M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.3B
EBIT	$1.8B
EBITDA	$3.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$2.0B
GROSS PROFIT	$3.9B
R&D Expenses	$90M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$758M
Other Expenses	$2.0B
Operating Expenses	$2.1B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.8B
Interest Income	$26M
Interest Expense	$0
Other Income/Expenses	$33M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$484M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.3B
EBIT	$1.8B
EBITDA	$3.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$0
Deferred Income Tax	$44M
Other Non-Cash Items	$72M
Change in Working Capital	$464M
OPERATING CASH FLOW	$3.2B
Capital Expenditure	-$881M
Acquisitions (Net)	-$8M
Purchases of Investments	-$135M
Sales/Maturities of Investments	$394M
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$606M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$361M
Common Dividends Paid	-$1.3B
Other Financing Activities	-$146.1K
NET CASH FROM FINANCING	-$1.7B
FREE CASH FLOW	$2.3B
Net Change in Cash	$911M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$220M
Net Receivables	$400M
Inventory	$69M
Other Current Assets	$238M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$8.8B
Goodwill	$2M
Intangible Assets	$291M
Long-Term Investments	$0
Tax Assets	$109M
Other Non-Current Assets	$245M
TOTAL NON-CURRENT ASSETS	$9.4B
TOTAL ASSETS	$12.6B
Account Payables	$314M
Short-Term Debt	$14M
Deferred Revenue	$264M
Other Current Liabilities	$901M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$365M
TOTAL NON-CURRENT LIABILITIES	$365M
TOTAL LIABILITIES	$2.5B
Common Stock	$3.1B
Additional Paid-In Capital	$5.2B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.1B
Minority Interest	$3M
TOTAL EQUITY	$10.1B
TOTAL LIABILITIES & EQUITY	$12.6B
Total Debt	$14M
Net Debt	-$2.2B