DAR FY 2012 Earnings Report — Darling Ingredients Inc. Revenue & Financial Results | Market Cap Arena

Darling Ingredients Inc.DAR

FY 2012 Earnings

Reported February 27, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.8B	—	-5.3%
Op. Income	$232M	—	$314M	—	-26.2%
Gross Margin	23.4%	—	29.4%	—	-6.1pp
Net Margin	7.7%	—	9.4%	—	-1.7pp
EPS (Diluted)	$1.11	—	$1.47	—	-24.5%
Free Cash Flow	$134M	—	$181M	—	-25.9%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$398M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$152M
Other Expenses	$85M
Operating Expenses	$237M
Cost & Expenses	$1.5B
OPERATING INCOME	$232M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$207M
Income Tax Expense	$76M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$85M
EBIT	$231M
EBITDA	$316M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$398M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$152M
Other Expenses	$85M
Operating Expenses	$237M
Cost & Expenses	$1.5B
OPERATING INCOME	$232M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$25M
INCOME BEFORE TAX	$207M
Income Tax Expense	$76M
Net Income from Continuing Ops	$131M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$131M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$131M
D&A	$85M
EBIT	$231M
EBITDA	$316M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$131M
Depreciation & Amortization	$85M
Stock-Based Compensation	$9M
Deferred Income Tax	$10M
Other Non-Cash Items	$6M
Change in Working Capital	$8M
OPERATING CASH FLOW	$250M
Capital Expenditure	-$116M
Acquisitions (Net)	-$46M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$154M
Net Debt Issuance	-$30M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$134M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$0
Net Receivables	$98M
Inventory	$65M
Other Current Assets	$24M
TOTAL CURRENT ASSETS	$290M
PP&E (Net)	$454M
Goodwill	$381M
Intangible Assets	$337M
Long-Term Investments	$62M
Tax Assets	$13M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.6B
Account Payables	$54M
Short-Term Debt	$82.0K
Deferred Revenue	$0
Other Current Liabilities	$45M
TOTAL CURRENT LIABILITIES	$132M
Long-Term Debt	$250M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$358M
TOTAL LIABILITIES	$490M
Common Stock	$1M
Additional Paid-In Capital	$604M
Retained Earnings	$499M
Treasury Stock	-$10M
Accum. Other Comp. Income	-$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$250M
Net Debt	$147M