CMTL FY 2010 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2010 Earnings

Reported September 23, 2010

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	$778M	—	—	—	—
Op. Income	$104M	—	—	—	—
Gross Margin	34.8%	—	—	—	—
Net Margin	7.8%	—	—	—	—
EPS (Diluted)	$1.91	—	—	—	—
Free Cash Flow	$117M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$778M
Cost of Revenue	$508M
GROSS PROFIT	$271M
R&D Expenses	$46M
Selling & Marketing	$100M
General & Administrative	$0
SG&A Expenses	$100M
Other Expenses	$7M
Operating Expenses	$153M
Cost & Expenses	$661M
OPERATING INCOME	$104M
Interest Income	$1M
Interest Expense	$8M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$97M
Income Tax Expense	$37M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$34M
EBIT	$105M
EBITDA	$124M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$778M
Cost of Revenue	$508M
GROSS PROFIT	$271M
R&D Expenses	$46M
Selling & Marketing	$100M
General & Administrative	$0
SG&A Expenses	$100M
Other Expenses	$7M
Operating Expenses	$153M
Cost & Expenses	$661M
OPERATING INCOME	$104M
Interest Income	$1M
Interest Expense	$8M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$97M
Income Tax Expense	$37M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$34M
EBIT	$105M
EBITDA	$124M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$19M
Stock-Based Compensation	$0
Deferred Income Tax	-$7M
Other Non-Cash Items	$9M
Change in Working Capital	$21M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	-$126.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$117M
Net Change in Cash	$122M

Balance Sheet

Item	Amount
Cash & Equivalents	$608M
Short-Term Investments	$0
Net Receivables	$136M
Inventory	$74M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$841M
PP&E (Net)	$34M
Goodwill	$137M
Intangible Assets	$48M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$226M
TOTAL ASSETS	$1.1B
Account Payables	$78M
Short-Term Debt	$0
Deferred Revenue	$13M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$154M
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$211M
TOTAL LIABILITIES	$365M
Common Stock	$3M
Additional Paid-In Capital	$348M
Retained Earnings	$351M
Treasury Stock	-$185.0K
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$702M
Minority Interest	$0
TOTAL EQUITY	$702M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$200M
Net Debt	-$408M