CMTL FY 2006 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2006 Earnings

Reported September 20, 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	$392M	—	—	—	—
Op. Income	$64M	—	—	—	—
Gross Margin	40.7%	—	—	—	—
Net Margin	11.6%	—	—	—	—
EPS (Diluted)	$1.72	—	—	—	—
Free Cash Flow	$32M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$392M
Cost of Revenue	$232M
GROSS PROFIT	$159M
R&D Expenses	$26M
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$2M
Operating Expenses	$95M
Cost & Expenses	$328M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$70M
Income Tax Expense	$25M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$15M
EBIT	$73M
EBITDA	$79M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$392M
Cost of Revenue	$232M
GROSS PROFIT	$159M
R&D Expenses	$26M
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$2M
Operating Expenses	$95M
Cost & Expenses	$328M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$70M
Income Tax Expense	$25M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$15M
EBIT	$73M
EBITDA	$79M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$15M
Stock-Based Compensation	$0
Deferred Income Tax	$832.0K
Other Non-Cash Items	-$1M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$44M
Capital Expenditure	-$13M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	-$234.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	$6M
FREE CASH FLOW	$32M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$252M
Short-Term Investments	$0
Net Receivables	$70M
Inventory	$61M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$398M
PP&E (Net)	$25M
Goodwill	$22M
Intangible Assets	$7M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$57M
TOTAL ASSETS	$455M
Account Payables	$28M
Short-Term Debt	$154.0K
Deferred Revenue	$10M
Other Current Liabilities	$15M
TOTAL CURRENT LIABILITIES	$89M
Long-Term Debt	$105M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$112M
TOTAL LIABILITIES	$201M
Common Stock	$2M
Additional Paid-In Capital	$139M
Retained Earnings	$113M
Treasury Stock	-$185.0K
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$254M
Minority Interest	$0
TOTAL EQUITY	$254M
TOTAL LIABILITIES & EQUITY	$455M
Total Debt	$105M
Net Debt	-$146M