DLB FY 2006 Earnings Report — Dolby Laboratories, Inc. Revenue & Financial Results | Market Cap Arena

Dolby Laboratories, Inc.DLB

FY 2006 Earnings

Reported December 12, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$392M	—	—	—	—
Op. Income	$126M	—	—	—	—
Gross Margin	80.6%	—	—	—	—
Net Margin	22.9%	—	—	—	—
EPS (Diluted)	$0.80	—	—	—	—
Free Cash Flow	$124M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$392M
Cost of Revenue	$76M
GROSS PROFIT	$316M
R&D Expenses	$35M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$154M
Other Expenses	$0
Operating Expenses	$190M
Cost & Expenses	$266M
OPERATING INCOME	$126M
Interest Income	$19M
Interest Expense	$2M
Other Income/Expenses	$21M
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
NET INCOME	$90M
BOTTOM LINE NET INCOME	$90M
D&A	$13M
EBIT	$148M
EBITDA	$161M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$392M
Cost of Revenue	$76M
GROSS PROFIT	$316M
R&D Expenses	$35M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$154M
Other Expenses	$0
Operating Expenses	$190M
Cost & Expenses	$266M
OPERATING INCOME	$126M
Interest Income	$19M
Interest Expense	$2M
Other Income/Expenses	$21M
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
NET INCOME	$90M
BOTTOM LINE NET INCOME	$90M
D&A	$13M
EBIT	$148M
EBITDA	$161M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$90M
Depreciation & Amortization	$13M
Stock-Based Compensation	$0
Deferred Income Tax	-$19M
Other Non-Cash Items	$7M
Change in Working Capital	$41M
OPERATING CASH FLOW	$133M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$438M
Sales/Maturities of Investments	$284M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$14M
NET CASH FROM FINANCING	$20M
FREE CASH FLOW	$124M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$109M
Short-Term Investments	$377M
Net Receivables	$24M
Inventory	$11M
Other Current Assets	$52M
TOTAL CURRENT ASSETS	$573M
PP&E (Net)	$77M
Goodwill	$23M
Intangible Assets	$15M
Long-Term Investments	$33M
Tax Assets	$19M
Other Non-Current Assets	-$12M
TOTAL NON-CURRENT ASSETS	$156M
TOTAL ASSETS	$728M
Account Payables	$5M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$93M
Long-Term Debt	$11M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	-$3M
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$114M
Common Stock	$107.0K
Additional Paid-In Capital	$0
Retained Earnings	$267M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$594M
Minority Interest	$20M
TOTAL EQUITY	$614M
TOTAL LIABILITIES & EQUITY	$728M
Total Debt	$12M
Net Debt	-$96M