DAR FY 2008 Earnings Report — Darling Ingredients Inc. Revenue & Financial Results | Market Cap Arena

Darling Ingredients Inc.DAR

FY 2008 Earnings

Reported March 4, 2009

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	$807M	—	$645M	—	25.1%
Op. Income	$93M	—	$82M	—	13.2%
Gross Margin	20.8%	—	25.1%	—	-4.2pp
Net Margin	6.8%	—	7.1%	—	-0.3pp
EPS (Diluted)	$0.66	—	$0.56	—	17.9%
Free Cash Flow	$54M	—	$50M	—	8.9%

Revenue Flow

Item	Amount
REVENUE	$807M
Cost of Revenue	$639M
GROSS PROFIT	$168M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$40M
Operating Expenses	$100M
Cost & Expenses	$699M
OPERATING INCOME	$93M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$90M
Income Tax Expense	$35M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$24M
EBIT	$93M
EBITDA	$117M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$807M
Cost of Revenue	$639M
GROSS PROFIT	$168M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$40M
Operating Expenses	$100M
Cost & Expenses	$699M
OPERATING INCOME	$93M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$90M
Income Tax Expense	$35M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$24M
EBIT	$93M
EBITDA	$117M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$24M
Stock-Based Compensation	$800.0K
Deferred Income Tax	-$12M
Other Non-Cash Items	$23M
Change in Working Capital	$2M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$38M
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$866.0K
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$54M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$51M
Short-Term Investments	$0
Net Receivables	$52M
Inventory	$22M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$138M
PP&E (Net)	$143M
Goodwill	$61M
Intangible Assets	$36M
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$256M
TOTAL ASSETS	$394M
Account Payables	$16M
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$71M
Long-Term Debt	$33M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54M
TOTAL NON-CURRENT LIABILITIES	$87M
TOTAL LIABILITIES	$158M
Common Stock	$822.0K
Additional Paid-In Capital	$157M
Retained Earnings	$113M
Treasury Stock	-$4M
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$237M
Minority Interest	$0
TOTAL EQUITY	$237M
TOTAL LIABILITIES & EQUITY	$394M
Total Debt	$38M
Net Debt	-$13M