FLG FY 2006 Earnings Report — Flagstar Financial, Inc. Revenue & Financial Results | Market Cap Arena

Flagstar Financial, Inc.FLG

FY 2006 Earnings

Reported December 31, 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	$1.5B	—	—	—	—
Op. Income	$349M	—	—	—	—
Gross Margin	43.5%	—	—	—	—
Net Margin	15.5%	—	—	—	—
EPS (Diluted)	$2.44	—	—	—	—
Free Cash Flow	$279M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$847M
GROSS PROFIT	$652M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$200M
SG&A Expenses	$200M
Other Expenses	$104M
Operating Expenses	$304M
Cost & Expenses	$1.2B
OPERATING INCOME	$349M
Interest Income	$1.4B
Interest Expense	$847M
Other Income/Expenses	$0
INCOME BEFORE TAX	$349M
Income Tax Expense	$116M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$33M
EBIT	$349M
EBITDA	$382M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$847M
GROSS PROFIT	$652M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$200M
SG&A Expenses	$200M
Other Expenses	$104M
Operating Expenses	$304M
Cost & Expenses	$1.2B
OPERATING INCOME	$349M
Interest Income	$1.4B
Interest Expense	$847M
Other Income/Expenses	$0
INCOME BEFORE TAX	$349M
Income Tax Expense	$116M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$33M
EBIT	$349M
EBITDA	$382M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$233M
Depreciation & Amortization	$33M
Stock-Based Compensation	$12M
Deferred Income Tax	$53M
Other Non-Cash Items	$26.0K
Change in Working Capital	-$41M
OPERATING CASH FLOW	$291M
Capital Expenditure	-$12M
Acquisitions (Net)	-$326M
Purchases of Investments	-$196M
Sales/Maturities of Investments	$2.0B
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	$31M
Net Debt Issuance	$835M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$287M
Other Financing Activities	-$1.3B
NET CASH FROM FINANCING	-$322M
FREE CASH FLOW	$279M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$231M
Short-Term Investments	$1.9B
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$196M
Goodwill	$2.1B
Intangible Assets	$106M
Long-Term Investments	$22.5B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$26.3B
TOTAL ASSETS	$28.5B
Account Payables	$0
Short-Term Debt	$3.8B
Deferred Revenue	$0
Other Current Liabilities	$12.6B
TOTAL CURRENT LIABILITIES	$16.5B
Long-Term Debt	$8.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$273M
TOTAL NON-CURRENT LIABILITIES	$8.3B
TOTAL LIABILITIES	$24.8B
Common Stock	$3M
Additional Paid-In Capital	$3.3B
Retained Earnings	$421M
Treasury Stock	$0
Accum. Other Comp. Income	-$68M
Other Equity	-$8M
TOTAL STOCKHOLDERS' EQUITY	$3.7B
Minority Interest	$0
TOTAL EQUITY	$3.7B
TOTAL LIABILITIES & EQUITY	$28.5B
Total Debt	$11.9B
Net Debt	$11.7B