CNX FY 2007 Earnings Report — CNX Resources Corporation Revenue & Financial Results | Market Cap Arena

CNX Resources CorporationCNX

FY 2007 Earnings

Reported February 19, 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	$3.8B	—	$3.7B	—	1.3%
Op. Income	$263M	—	$405M	—	-35.1%
Gross Margin	31.3%	—	32.7%	—	-1.5pp
Net Margin	7.1%	—	11.0%	—	-3.9pp
EPS (Diluted)	$1.45	—	$2.20	—	-34.1%
Free Cash Flow	-$59M	—	-$1M	—	-4630.3%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$109M
Other Expenses	$608M
Operating Expenses	$717M
Cost & Expenses	$3.3B
OPERATING INCOME	$263M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	$166M
INCOME BEFORE TAX	$429M
Income Tax Expense	$136M
Net Income from Continuing Ops	$293M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$268M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$268M
D&A	$329M
EBIT	$460M
EBITDA	$789M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$109M
Other Expenses	$608M
Operating Expenses	$717M
Cost & Expenses	$3.3B
OPERATING INCOME	$263M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	$166M
INCOME BEFORE TAX	$429M
Income Tax Expense	$136M
Net Income from Continuing Ops	$293M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$268M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$268M
D&A	$329M
EBIT	$460M
EBITDA	$789M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$268M
Depreciation & Amortization	$329M
Stock-Based Compensation	$24M
Deferred Income Tax	$60M
Other Non-Cash Items	-$94M
Change in Working Capital	$97M
OPERATING CASH FLOW	$684M
Capital Expenditure	-$743M
Acquisitions (Net)	-$307M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	$85M
NET CASH FROM INVESTING	-$972M
Net Debt Issuance	$200M
Common Stock Repurchased	-$80M
Common Dividends Paid	-$56M
Other Financing Activities	$24M
NET CASH FROM FINANCING	$106M
FREE CASH FLOW	-$59M
Net Change in Cash	-$182M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$0
Net Receivables	$269M
Inventory	$163M
Other Current Assets	$131M
TOTAL CURRENT ASSETS	$683M
PP&E (Net)	$5.0B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$95M
Tax Assets	$375M
Other Non-Current Assets	$185M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$6.2B
Account Payables	$238M
Short-Term Debt	$266M
Deferred Revenue	$3M
Other Current Liabilities	$231M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$398M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3.3B
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$4.8B
Common Stock	$2M
Additional Paid-In Capital	$967M
Retained Earnings	$767M
Treasury Stock	-$101M
Accum. Other Comp. Income	-$419M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$163M
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$755M
Net Debt	$713M