CUB FY 2003 Earnings Report — Lionheart Holdings Revenue & Financial Results | Market Cap Arena

Lionheart HoldingsCUB

FY 2003 Earnings

Reported December 11, 2003

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2003	Prior Q	FY 2002	QoQ Change	YoY Change
Revenue	$634M	—	$564M	—	12.4%
Op. Income	$48M	—	$44M	—	7.9%
Gross Margin	22.2%	—	24.5%	—	-2.3pp
Net Margin	5.8%	—	5.2%	—	0.5pp
EPS (Diluted)	$1.37	—	$1.10	—	24.5%
Free Cash Flow	-$34M	—	$4M	—	-866.7%

Revenue Flow

Item	Amount
REVENUE	$634M
Cost of Revenue	$493M
GROSS PROFIT	$141M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$88M
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$93M
Cost & Expenses	$586M
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$55M
Income Tax Expense	$19M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$6M
EBIT	$0
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$634M
Cost of Revenue	$493M
GROSS PROFIT	$141M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$88M
SG&A Expenses	$88M
Other Expenses	$0
Operating Expenses	$93M
Cost & Expenses	$586M
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$55M
Income Tax Expense	$19M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$6M
EBIT	$0
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$6M
Stock-Based Compensation	$0
Deferred Income Tax	$5M
Other Non-Cash Items	-$8M
Change in Working Capital	-$66M
OPERATING CASH FLOW	-$26M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$3M
Sales/Maturities of Investments	$0
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$33M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$5M
NET CASH FROM FINANCING	$1M
FREE CASH FLOW	-$34M
Net Change in Cash	-$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$3M
Net Receivables	$251M
Inventory	$25M
Other Current Assets	$27M
TOTAL CURRENT ASSETS	$328M
PP&E (Net)	$52M
Goodwill	$0
Intangible Assets	$33M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$132M
TOTAL ASSETS	$460M
Account Payables	$25M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$119M
TOTAL CURRENT LIABILITIES	$152M
Long-Term Debt	$47M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$53M
TOTAL LIABILITIES	$205M
Common Stock	$234.0K
Additional Paid-In Capital	$0
Retained Earnings	$280M
Treasury Stock	$0
Accum. Other Comp. Income	-$85M
Other Equity	$60M
TOTAL STOCKHOLDERS' EQUITY	$255M
Minority Interest	$0
TOTAL EQUITY	$255M
TOTAL LIABILITIES & EQUITY	$460M
Total Debt	$55M
Net Debt	$32M