CUB FY 2004 Earnings Report — Lionheart Holdings Revenue & Financial Results | Market Cap Arena

Lionheart HoldingsCUB

FY 2004 Earnings

Reported December 9, 2004

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2004	Prior Q	FY 2003	QoQ Change	YoY Change
Revenue	$722M	—	$634M	—	13.9%
Op. Income	$54M	—	$48M	—	13.0%
Gross Margin	23.9%	—	22.2%	—	1.8pp
Net Margin	5.1%	—	5.8%	—	-0.6pp
EPS (Diluted)	$1.38	—	$1.37	—	0.7%
Free Cash Flow	-$35M	—	-$34M	—	-2.4%

Revenue Flow

Item	Amount
REVENUE	$722M
Cost of Revenue	$549M
GROSS PROFIT	$173M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$113M
SG&A Expenses	$113M
Other Expenses	$0
Operating Expenses	$119M
Cost & Expenses	$668M
OPERATING INCOME	$54M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$56M
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	$7M
EBIT	$0
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$722M
Cost of Revenue	$549M
GROSS PROFIT	$173M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$113M
SG&A Expenses	$113M
Other Expenses	$0
Operating Expenses	$119M
Cost & Expenses	$668M
OPERATING INCOME	$54M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$56M
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	$7M
EBIT	$0
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$7M
Stock-Based Compensation	$0
Deferred Income Tax	$52.0K
Other Non-Cash Items	-$5M
Change in Working Capital	-$68M
OPERATING CASH FLOW	-$28M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$38M
Sales/Maturities of Investments	$35M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$25M
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	-$35M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$6M
Net Receivables	$343M
Inventory	$24M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$413M
PP&E (Net)	$52M
Goodwill	$0
Intangible Assets	$35M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$130M
TOTAL ASSETS	$543M
Account Payables	$28M
Short-Term Debt	$31M
Deferred Revenue	$0
Other Current Liabilities	$119M
TOTAL CURRENT LIABILITIES	$179M
Long-Term Debt	$50M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$65M
TOTAL LIABILITIES	$244M
Common Stock	$234.0K
Additional Paid-In Capital	$0
Retained Earnings	$312M
Treasury Stock	$0
Accum. Other Comp. Income	-$87M
Other Equity	$73M
TOTAL STOCKHOLDERS' EQUITY	$299M
Minority Interest	$0
TOTAL EQUITY	$299M
TOTAL LIABILITIES & EQUITY	$543M
Total Debt	$81M
Net Debt	$71M