CHT FY 2007 Earnings Report — Chunghwa Telecom Co., Ltd. Revenue & Financial Results | Market Cap Arena

Chunghwa Telecom Co., Ltd.CHT

FY 2007 Earnings

Reported December 31, 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	$6.4B	—	$5.9B	—	7.8%
Op. Income	$2.0B	—	$1.8B	—	11.5%
Gross Margin	46.1%	—	66.4%	—	-20.3pp
Net Margin	24.6%	—	22.6%	—	2.0pp
EPS (Diluted)	$1.77	—	$1.17	—	50.9%
Free Cash Flow	$2.0B	—	$2.3B	—	-14.4%

Revenue Flow

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.9B
R&D Expenses	$82M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$789M
Other Expenses	$862M
Operating Expenses	$944M
Cost & Expenses	$4.4B
OPERATING INCOME	$2.0B
Interest Income	$46M
Interest Expense	$0
Other Income/Expenses	$47M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$460M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	-$11M
Other Adjustments	$10M
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$1.2B
EBIT	$2.0B
EBITDA	$3.2B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$6.4B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.9B
R&D Expenses	$82M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$789M
Other Expenses	$862M
Operating Expenses	$944M
Cost & Expenses	$4.4B
OPERATING INCOME	$2.0B
Interest Income	$46M
Interest Expense	$0
Other Income/Expenses	$47M
INCOME BEFORE TAX	$2.0B
Income Tax Expense	$460M
Net Income from Continuing Ops	$1.6B
Net Income from Discontinued Ops	-$11M
Other Adjustments	$10M
NET INCOME	$1.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.6B
D&A	$1.2B
EBIT	$2.0B
EBITDA	$3.2B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.6B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$0
Deferred Income Tax	$8M
Other Non-Cash Items	$24M
Change in Working Capital	-$106M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$802M
Acquisitions (Net)	-$25M
Purchases of Investments	-$800M
Sales/Maturities of Investments	$376M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$31M
Common Stock Repurchased	-$229M
Common Dividends Paid	-$1.1B
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$2.0B
Net Change in Cash	$177M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$596M
Net Receivables	$446M
Inventory	$137M
Other Current Assets	$154M
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$8.4B
Goodwill	$7M
Intangible Assets	$276M
Long-Term Investments	$0
Tax Assets	$94M
Other Non-Current Assets	$260M
TOTAL NON-CURRENT ASSETS	$9.0B
TOTAL ASSETS	$12.9B
Account Payables	$525M
Short-Term Debt	$235M
Deferred Revenue	$287M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$355M
TOTAL NON-CURRENT LIABILITIES	$355M
TOTAL LIABILITIES	$2.7B
Common Stock	$3.1B
Additional Paid-In Capital	$4.9B
Retained Earnings	$2.3B
Treasury Stock	-$225M
Accum. Other Comp. Income	$2M
Other Equity	$4M
TOTAL STOCKHOLDERS' EQUITY	$10.1B
Minority Interest	$84M
TOTAL EQUITY	$10.2B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$370M
Net Debt	-$2.0B