CLB FY 2006 Earnings Report — Core Laboratories N.V. Revenue & Financial Results | Market Cap Arena

Core Laboratories N.V.CLB

FY 2006 Earnings

Reported February 20, 2007

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	$576M	—	—	—	—
Op. Income	$124M	—	—	—	—
Gross Margin	29.3%	—	—	—	—
Net Margin	14.4%	—	—	—	—
EPS (Diluted)	$1.54	—	—	—	—
Free Cash Flow	$96M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$576M
Cost of Revenue	$407M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$33M
Other Expenses	$12M
Operating Expenses	$45M
Cost & Expenses	$452M
OPERATING INCOME	$124M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$118M
Income Tax Expense	$35M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$18M
EBIT	$124M
EBITDA	$141M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$576M
Cost of Revenue	$407M
GROSS PROFIT	$169M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$33M
Other Expenses	$12M
Operating Expenses	$45M
Cost & Expenses	$452M
OPERATING INCOME	$124M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$118M
Income Tax Expense	$35M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$83M
D&A	$18M
EBIT	$124M
EBITDA	$141M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	$18M
Stock-Based Compensation	$0
Deferred Income Tax	$8M
Other Non-Cash Items	$5M
Change in Working Capital	$7M
OPERATING CASH FLOW	$120M
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	$210M
Common Stock Repurchased	-$251M
Common Dividends Paid	$0
Other Financing Activities	-$87M
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$96M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$54M
Short-Term Investments	$0
Net Receivables	$112M
Inventory	$30M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$226M
PP&E (Net)	$88M
Goodwill	$133M
Intangible Assets	$7M
Long-Term Investments	$0
Tax Assets	$33M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$276M
TOTAL ASSETS	$501M
Account Payables	$37M
Short-Term Debt	$3M
Deferred Revenue	$7M
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$89M
Long-Term Debt	$300M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$339M
TOTAL LIABILITIES	$428M
Common Stock	$1M
Additional Paid-In Capital	$23M
Retained Earnings	$224M
Treasury Stock	-$175M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$72M
Minority Interest	$1M
TOTAL EQUITY	$73M
TOTAL LIABILITIES & EQUITY	$501M
Total Debt	$303M
Net Debt	$249M