CNR FY 2008 Earnings Report — Core Natural Resources, Inc. Revenue & Financial Results | Market Cap Arena

Core Natural Resources, Inc.CNR

FY 2008 Earnings

Reported December 23, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.6B	—	8.6%
Op. Income	$154M	—	$134M	—	15.2%
Gross Margin	24.9%	—	24.8%	—	0.1pp
Net Margin	4.5%	—	3.9%	—	0.6pp
EPS (Diluted)	$20.25	—	$15.32	—	32.2%
Free Cash Flow	$15M	—	$96M	—	-83.9%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$439M
R&D Expenses	$0
Selling & Marketing	$25.0K
General & Administrative	$284M
SG&A Expenses	$284M
Other Expenses	-$25.0K
Operating Expenses	$284M
Cost & Expenses	$1.6B
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$130M
Income Tax Expense	$51M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$36M
EBIT	$154M
EBITDA	$190M
EPS	$20
EPS Diluted	$20

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$439M
R&D Expenses	$0
Selling & Marketing	$25.0K
General & Administrative	$284M
SG&A Expenses	$284M
Other Expenses	-$25.0K
Operating Expenses	$284M
Cost & Expenses	$1.6B
OPERATING INCOME	$154M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$24M
INCOME BEFORE TAX	$130M
Income Tax Expense	$51M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$36M
EBIT	$154M
EBITDA	$190M
EPS	$20
EPS Diluted	$20

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$36M
Stock-Based Compensation	$0
Deferred Income Tax	$266.0K
Other Non-Cash Items	$14M
Change in Working Capital	-$89M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$25M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	$0
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$29M
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	$15M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$3M
Net Receivables	$163M
Inventory	$192M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$466M
PP&E (Net)	$251M
Goodwill	$617M
Intangible Assets	$42M
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	-$39M
TOTAL NON-CURRENT ASSETS	$915M
TOTAL ASSETS	$1.4B
Account Payables	$104M
Short-Term Debt	$920.0K
Deferred Revenue	$24M
Other Current Liabilities	$106M
TOTAL CURRENT LIABILITIES	$235M
Long-Term Debt	$474M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$522M
TOTAL LIABILITIES	$757M
Common Stock	$200.0K
Additional Paid-In Capital	$0
Retained Earnings	$541M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$84M
TOTAL STOCKHOLDERS' EQUITY	$624M
Minority Interest	$0
TOTAL EQUITY	$624M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$474M
Net Debt	$406M