DB FY 2009 Earnings Report — Deutsche Bank AG Revenue & Financial Results | Market Cap Arena

Deutsche Bank AGDB

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$49.4B	—	—	—	—
Op. Income	$6.1B	—	—	—	—
Gross Margin	59.2%	—	—	—	—
Net Margin	11.8%	—	—	—	—
EPS (Diluted)	$6.92	—	—	—	—
Free Cash Flow	-$16.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$49.4B
Cost of Revenue	$20.1B
GROSS PROFIT	$29.2B
R&D Expenses	$0
Selling & Marketing	$326M
General & Administrative	$20.4B
SG&A Expenses	$20.7B
Other Expenses	$2.4B
Operating Expenses	$23.1B
Cost & Expenses	$43.3B
OPERATING INCOME	$6.1B
Interest Income	$31.5B
Interest Expense	$17.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$286M
Net Income from Continuing Ops	$5.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.8B
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$5.8B
D&A	$2.1B
EBIT	$6.1B
EBITDA	$8.2B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$49.4B
Cost of Revenue	$20.1B
GROSS PROFIT	$29.2B
R&D Expenses	$0
Selling & Marketing	$326M
General & Administrative	$20.4B
SG&A Expenses	$20.7B
Other Expenses	$2.4B
Operating Expenses	$23.1B
Cost & Expenses	$43.3B
OPERATING INCOME	$6.1B
Interest Income	$31.5B
Interest Expense	$17.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$6.1B
Income Tax Expense	$286M
Net Income from Continuing Ops	$5.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5.8B
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$5.8B
D&A	$2.1B
EBIT	$6.1B
EBITDA	$8.2B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$5.8B
Depreciation & Amortization	$2.1B
Stock-Based Compensation	$0
Deferred Income Tax	-$347M
Other Non-Cash Items	$2.1B
Change in Working Capital	-$25.8B
OPERATING CASH FLOW	-$16.1B
Capital Expenditure	-$693M
Acquisitions (Net)	-$23M
Purchases of Investments	-$18.5B
Sales/Maturities of Investments	$21.7B
Other Investing Activities	-$2.0B
NET CASH FROM INVESTING	$470M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	-$22.5B
Common Dividends Paid	-$362M
Other Financing Activities	$122M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	-$16.8B
Net Change in Cash	-$16.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$66.3B
Short-Term Investments	$20.0B
Net Receivables	$118.3B
Inventory	$0
Other Current Assets	$1.2T
TOTAL CURRENT ASSETS	$1.4T
PP&E (Net)	$3.3B
Goodwill	$8.7B
Intangible Assets	$3.2B
Long-Term Investments	$292.4B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$307.6B
TOTAL ASSETS	$1.8T
Account Payables	$134.1B
Short-Term Debt	$50.2B
Deferred Revenue	$2.5B
Other Current Liabilities	-$186.8B
TOTAL CURRENT LIABILITIES	$184.3B
Long-Term Debt	$172.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2.5B
Other Non-Current Liabilities	-$175.4B
TOTAL NON-CURRENT LIABILITIES	$175.4B
TOTAL LIABILITIES	$1.7T
Common Stock	$1.9B
Additional Paid-In Capital	$17.4B
Retained Earnings	$28.2B
Treasury Stock	-$56M
Accum. Other Comp. Income	-$4.4B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$42.9B
Minority Interest	$1.5B
TOTAL EQUITY	$44.5B
TOTAL LIABILITIES & EQUITY	$1.8T
Total Debt	$223.1B
Net Debt	$156.8B