CMP FY 2007 Earnings Report — Compass Minerals International, Inc. Revenue & Financial Results | Market Cap Arena

Compass Minerals International, Inc.CMP

FY 2007 Earnings

Reported February 22, 2008

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	$857M	—	$661M	—	29.8%
Op. Income	$144M	—	$119M	—	20.9%
Gross Margin	24.7%	—	26.2%	—	-1.5pp
Net Margin	9.3%	—	8.3%	—	1.0pp
EPS (Diluted)	$2.43	—	$1.69	—	43.8%
Free Cash Flow	$71M	—	$59M	—	19.1%

Revenue Flow

Item	Amount
REVENUE	$857M
Cost of Revenue	$645M
GROSS PROFIT	$212M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$68M
Cost & Expenses	$713M
OPERATING INCOME	$144M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$80M
Income Tax Expense	$100.0K
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
NET INCOME	$80M
BOTTOM LINE NET INCOME	$80M
D&A	$40M
EBIT	$135M
EBITDA	$175M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$857M
Cost of Revenue	$645M
GROSS PROFIT	$212M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	$0
Operating Expenses	$68M
Cost & Expenses	$713M
OPERATING INCOME	$144M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	-$64M
INCOME BEFORE TAX	$80M
Income Tax Expense	$100.0K
Net Income from Continuing Ops	$80M
Net Income from Discontinued Ops	$0
NET INCOME	$80M
BOTTOM LINE NET INCOME	$80M
D&A	$40M
EBIT	$135M
EBITDA	$175M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$41M
Stock-Based Compensation	$3M
Deferred Income Tax	-$300.0K
Other Non-Cash Items	$43M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$119M
Capital Expenditure	-$48M
Acquisitions (Net)	-$8M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$300.0K
NET CASH FROM INVESTING	-$56M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$59M
FREE CASH FLOW	$71M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$207M
Inventory	$128M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$366M
PP&E (Net)	$397M
Goodwill	$0
Intangible Assets	$22M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$454M
TOTAL ASSETS	$820M
Account Payables	$105M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$165M
Long-Term Debt	$603M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$660M
TOTAL LIABILITIES	$825M
Common Stock	$400.0K
Additional Paid-In Capital	$2M
Retained Earnings	-$55M
Treasury Stock	-$6M
Accum. Other Comp. Income	$54M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$5M
Minority Interest	$0
TOTAL EQUITY	-$5M
TOTAL LIABILITIES & EQUITY	$820M
Total Debt	$607M
Net Debt	$595M