DLB FY 2012 Earnings Report — Dolby Laboratories, Inc. Revenue & Financial Results | Market Cap Arena

Dolby Laboratories, Inc.DLB

FY 2012 Earnings

Reported November 15, 2012

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	$926M	—	$956M	—	-3.1%
Op. Income	$363M	—	$433M	—	-16.2%
Gross Margin	90.1%	—	88.4%	—	1.7pp
Net Margin	28.5%	—	32.4%	—	-3.8pp
EPS (Diluted)	$2.46	—	$2.75	—	-10.5%
Free Cash Flow	$222M	—	$356M	—	-37.6%

Revenue Flow

Item	Amount
REVENUE	$926M
Cost of Revenue	$92M
GROSS PROFIT	$834M
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$331M
Other Expenses	$0
Operating Expenses	$471M
Cost & Expenses	$563M
OPERATING INCOME	$363M
Interest Income	$6M
Interest Expense	$196.0K
Other Income/Expenses	$6M
INCOME BEFORE TAX	$369M
Income Tax Expense	$104M
Net Income from Continuing Ops	$265M
Net Income from Discontinued Ops	$0
NET INCOME	$264M
BOTTOM LINE NET INCOME	$264M
D&A	$44M
EBIT	$369M
EBITDA	$413M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$926M
Cost of Revenue	$92M
GROSS PROFIT	$834M
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$331M
Other Expenses	$0
Operating Expenses	$471M
Cost & Expenses	$563M
OPERATING INCOME	$363M
Interest Income	$6M
Interest Expense	$196.0K
Other Income/Expenses	$6M
INCOME BEFORE TAX	$369M
Income Tax Expense	$104M
Net Income from Continuing Ops	$265M
Net Income from Discontinued Ops	$0
NET INCOME	$264M
BOTTOM LINE NET INCOME	$264M
D&A	$44M
EBIT	$369M
EBITDA	$413M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$265M
Depreciation & Amortization	$44M
Stock-Based Compensation	$48M
Deferred Income Tax	$1M
Other Non-Cash Items	$16M
Change in Working Capital	$16M
OPERATING CASH FLOW	$390M
Capital Expenditure	-$168M
Acquisitions (Net)	-$13M
Purchases of Investments	-$611M
Sales/Maturities of Investments	$595M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$195M
Net Debt Issuance	-$518.0K
Common Stock Repurchased	-$272M
Common Dividends Paid	$0
Other Financing Activities	$852.0K
NET CASH FROM FINANCING	-$254M
FREE CASH FLOW	$222M
Net Change in Cash	-$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$469M
Short-Term Investments	$327M
Net Receivables	$49M
Inventory	$17M
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$970M
PP&E (Net)	$255M
Goodwill	$281M
Intangible Assets	$57M
Long-Term Investments	$362M
Tax Assets	$23M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$991M
TOTAL ASSETS	$2.0B
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$23M
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$157M
Long-Term Debt	$0
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$218M
Common Stock	$103.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.7B
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$23M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$0
Net Debt	-$469M