CMP FY 2010 Earnings Report — Compass Minerals International, Inc. Revenue & Financial Results | Market Cap Arena

Compass Minerals International, Inc.CMP

FY 2010 Earnings

Reported February 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.1B	—	$963M	—	11.0%
Op. Income	$227M	—	$270M	—	-16.2%
Gross Margin	29.5%	—	36.8%	—	-7.3pp
Net Margin	14.1%	—	17.0%	—	-2.9pp
EPS (Diluted)	$4.51	—	$4.92	—	-8.3%
Free Cash Flow	$129M	—	$25M	—	420.6%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$754M
GROSS PROFIT	$315M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$88M
Cost & Expenses	$842M
OPERATING INCOME	$227M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$195M
Income Tax Expense	$45M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
NET INCOME	$151M
BOTTOM LINE NET INCOME	$148M
D&A	$52M
EBIT	$218M
EBITDA	$270M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$754M
GROSS PROFIT	$315M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$88M
Cost & Expenses	$842M
OPERATING INCOME	$227M
Interest Income	$0
Interest Expense	$23M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$195M
Income Tax Expense	$45M
Net Income from Continuing Ops	$151M
Net Income from Discontinued Ops	$0
NET INCOME	$151M
BOTTOM LINE NET INCOME	$148M
D&A	$52M
EBIT	$218M
EBITDA	$270M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$151M
Depreciation & Amortization	$0
Stock-Based Compensation	$5M
Deferred Income Tax	$8M
Other Non-Cash Items	$59M
Change in Working Capital	$18M
OPERATING CASH FLOW	$241M
Capital Expenditure	-$112M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$52M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$55M
FREE CASH FLOW	$129M
Net Change in Cash	$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$91M
Short-Term Investments	$0
Net Receivables	$197M
Inventory	$205M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$521M
PP&E (Net)	$534M
Goodwill	$0
Intangible Assets	$18M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$593M
TOTAL ASSETS	$1.1B
Account Payables	$93M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$183M
Long-Term Debt	$483M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$584M
TOTAL LIABILITIES	$767M
Common Stock	$400.0K
Additional Paid-In Capital	$23M
Retained Earnings	$284M
Treasury Stock	-$5M
Accum. Other Comp. Income	$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$348M
Minority Interest	$0
TOTAL EQUITY	$348M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$487M
Net Debt	$396M