DAR FY 2007 Earnings Report — Darling Ingredients Inc. Revenue & Financial Results | Market Cap Arena

Darling Ingredients Inc.DAR

FY 2007 Earnings

Reported February 27, 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	$645M	—	$407M	—	58.6%
Op. Income	$82M	—	$19M	—	325.4%
Gross Margin	25.1%	—	21.0%	—	4.1pp
Net Margin	7.1%	—	1.3%	—	5.8pp
EPS (Diluted)	$0.56	—	$0.07	—	700.0%
Free Cash Flow	$50M	—	$17M	—	192.9%

Revenue Flow

Item	Amount
REVENUE	$645M
Cost of Revenue	$483M
GROSS PROFIT	$162M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$58M
Other Expenses	$23M
Operating Expenses	$81M
Cost & Expenses	$563M
OPERATING INCOME	$82M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$75M
Income Tax Expense	$29M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$23M
EBIT	$81M
EBITDA	$103M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$645M
Cost of Revenue	$483M
GROSS PROFIT	$162M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$58M
Other Expenses	$23M
Operating Expenses	$81M
Cost & Expenses	$563M
OPERATING INCOME	$82M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$75M
Income Tax Expense	$29M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$23M
EBIT	$81M
EBITDA	$103M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$23M
Stock-Based Compensation	$0
Deferred Income Tax	$6M
Other Non-Cash Items	$1M
Change in Working Capital	-$10M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$217.0K
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	-$39M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$319.0K
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$50M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$0
Net Receivables	$59M
Inventory	$22M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$115M
PP&E (Net)	$129M
Goodwill	$72M
Intangible Assets	$29M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$236M
TOTAL ASSETS	$351M
Account Payables	$25M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$81M
Long-Term Debt	$38M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$70M
TOTAL LIABILITIES	$150M
Common Stock	$815.0K
Additional Paid-In Capital	$152M
Retained Earnings	$58M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$201M
Minority Interest	$0
TOTAL EQUITY	$201M
TOTAL LIABILITIES & EQUITY	$351M
Total Debt	$44M
Net Debt	$27M