EGP FY 2007 Earnings Report — EastGroup Properties, Inc. Revenue & Financial Results | Market Cap Arena

EastGroup Properties, Inc.EGP

FY 2007 Earnings

Reported February 28, 2008

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	$151M	—	$134M	—	12.8%
Op. Income	$53M	—	$47M	—	14.3%
Gross Margin	72.7%	—	100.0%	—	-27.3pp
Net Margin	19.7%	—	21.9%	—	-2.2pp
EPS (Diluted)	$1.14	—	$1.17	—	-2.6%
Free Cash Flow	$70M	—	$53M	—	32.7%

Revenue Flow

Item	Amount
REVENUE	$151M
Cost of Revenue	$41M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$8M
Other Expenses	$48M
Operating Expenses	$56M
Cost & Expenses	$97M
OPERATING INCOME	$53M
Interest Income	$306.0K
Interest Expense	$27M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$56M
Income Tax Expense	$23M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$48M
EBIT	$53M
EBITDA	$101M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$151M
Cost of Revenue	$41M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$8M
Other Expenses	$48M
Operating Expenses	$56M
Cost & Expenses	$97M
OPERATING INCOME	$53M
Interest Income	$306.0K
Interest Expense	$27M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$56M
Income Tax Expense	$23M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$1M
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$48M
EBIT	$53M
EBITDA	$101M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$48M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$4M
Change in Working Capital	$10M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$171M
Sales/Maturities of Investments	$6M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$184M
Net Debt Issuance	$154M
Common Stock Repurchased	$0
Common Dividends Paid	-$51M
Other Financing Activities	-$7M
NET CASH FROM FINANCING	$98M
FREE CASH FLOW	$70M
Net Change in Cash	-$216.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$724.0K
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	-$724.0K
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$999M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$3M
Tax Assets	$0
Other Non-Current Assets	-$1.0B
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$601M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$601M
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$651M
Common Stock	$2.0K
Additional Paid-In Capital	$468M
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$56.0K
Other Equity	-$97M
TOTAL STOCKHOLDERS' EQUITY	$402M
Minority Interest	$2M
TOTAL EQUITY	$405M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$601M
Net Debt	$600M