ERIC FY 2012 Earnings Report — Telefonaktiebolaget LM Ericsson (publ) Revenue & Financial Results | Market Cap Arena

Telefonaktiebolaget LM Ericsson (publ)ERIC

FY 2012 Earnings

Reported April 8, 2013

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	$23.9B	—	$25.9B	—	-7.8%
Op. Income	$1.7B	—	$2.7B	—	-38.6%
Gross Margin	30.5%	—	35.2%	—	-4.7pp
Net Margin	2.5%	—	5.4%	—	-2.8pp
EPS (Diluted)	$0.19	—	$0.43	—	-56.5%
Free Cash Flow	$1.7B	—	$570M	—	205.7%

Revenue Flow

Item	Amount
REVENUE	$23.9B
Cost of Revenue	$16.6B
GROSS PROFIT	$7.3B
R&D Expenses	$3.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$5.6B
Cost & Expenses	$22.2B
OPERATING INCOME	$1.7B
Interest Income	$177M
Interest Expense	$182M
Other Income/Expenses	-$586M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$445M
Net Income from Continuing Ops	$623M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$606M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$606M
D&A	$1.0B
EBIT	$1.3B
EBITDA	$2.3B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$23.9B
Cost of Revenue	$16.6B
GROSS PROFIT	$7.3B
R&D Expenses	$3.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$5.6B
Cost & Expenses	$22.2B
OPERATING INCOME	$1.7B
Interest Income	$177M
Interest Expense	$182M
Other Income/Expenses	-$586M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$445M
Net Income from Continuing Ops	$623M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$606M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$606M
D&A	$1.0B
EBIT	$1.3B
EBITDA	$2.3B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$606M
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$388M
Change in Working Capital	$316M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$570M
Acquisitions (Net)	-$158M
Purchases of Investments	$0
Sales/Maturities of Investments	$226M
Other Investing Activities	$162M
NET CASH FROM INVESTING	-$513M
Net Debt Issuance	-$74M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$906M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	-$985M
FREE CASH FLOW	$1.7B
Net Change in Cash	$872M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.9B
Short-Term Investments	$3.5B
Net Receivables	$8.9B
Inventory	$3.3B
Other Current Assets	$252M
TOTAL CURRENT ASSETS	$21.1B
PP&E (Net)	$1.3B
Goodwill	$3.3B
Intangible Assets	$2.1B
Long-Term Investments	$927M
Tax Assets	$1.3B
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$8.9B
TOTAL ASSETS	$30.1B
Account Payables	$2.5B
Short-Term Debt	$521M
Deferred Revenue	$0
Other Current Liabilities	$6.0B
TOTAL CURRENT LIABILITIES	$10.6B
Long-Term Debt	$2.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$341M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$14.9B
Common Stock	$1.8B
Additional Paid-In Capital	$2.7B
Retained Earnings	$10.4B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.0B
Minority Interest	$175M
TOTAL EQUITY	$15.1B
TOTAL LIABILITIES & EQUITY	$30.1B
Total Debt	$3.1B
Net Debt	-$1.8B