DLB FY 2007 Earnings Report — Dolby Laboratories, Inc. Revenue & Financial Results | Market Cap Arena

Dolby Laboratories, Inc.DLB

FY 2007 Earnings

Reported November 21, 2007

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	$482M	—	$392M	—	23.1%
Op. Income	$185M	—	$126M	—	46.8%
Gross Margin	84.6%	—	80.6%	—	4.0pp
Net Margin	29.6%	—	22.9%	—	6.8pp
EPS (Diluted)	$1.26	—	$0.80	—	57.5%
Free Cash Flow	$147M	—	$124M	—	18.2%

Revenue Flow

Item	Amount
REVENUE	$482M
Cost of Revenue	$74M
GROSS PROFIT	$408M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$179M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$297M
OPERATING INCOME	$185M
Interest Income	$26M
Interest Expense	$3M
Other Income/Expenses	$25M
INCOME BEFORE TAX	$209M
Income Tax Expense	$65M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
NET INCOME	$143M
BOTTOM LINE NET INCOME	$143M
D&A	$15M
EBIT	$213M
EBITDA	$227M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$482M
Cost of Revenue	$74M
GROSS PROFIT	$408M
R&D Expenses	$44M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$179M
Other Expenses	$0
Operating Expenses	$223M
Cost & Expenses	$297M
OPERATING INCOME	$185M
Interest Income	$26M
Interest Expense	$3M
Other Income/Expenses	$25M
INCOME BEFORE TAX	$209M
Income Tax Expense	$65M
Net Income from Continuing Ops	$144M
Net Income from Discontinued Ops	$0
NET INCOME	$143M
BOTTOM LINE NET INCOME	$143M
D&A	$15M
EBIT	$213M
EBITDA	$227M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$143M
Depreciation & Amortization	$14M
Stock-Based Compensation	$0
Deferred Income Tax	-$33M
Other Non-Cash Items	-$1M
Change in Working Capital	$40M
OPERATING CASH FLOW	$163M
Capital Expenditure	-$16M
Acquisitions (Net)	-$30M
Purchases of Investments	-$428M
Sales/Maturities of Investments	$281M
Other Investing Activities	$98.0K
NET CASH FROM INVESTING	-$193M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$22M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$147M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$128M
Short-Term Investments	$472M
Net Receivables	$28M
Inventory	$15M
Other Current Assets	$91M
TOTAL CURRENT ASSETS	$733M
PP&E (Net)	$86M
Goodwill	$39M
Intangible Assets	$35M
Long-Term Investments	$73M
Tax Assets	$24M
Other Non-Current Assets	-$12M
TOTAL NON-CURRENT ASSETS	$246M
TOTAL ASSETS	$979M
Account Payables	$9M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$93M
TOTAL CURRENT LIABILITIES	$143M
Long-Term Debt	$10M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	-$10M
TOTAL NON-CURRENT LIABILITIES	$17M
TOTAL LIABILITIES	$160M
Common Stock	$110.0K
Additional Paid-In Capital	$0
Retained Earnings	$410M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$797M
Minority Interest	$22M
TOTAL EQUITY	$819M
TOTAL LIABILITIES & EQUITY	$979M
Total Debt	$11M
Net Debt	-$117M