FMC FY 2007 Earnings Report — FMC Corporation Revenue & Financial Results | Market Cap Arena

FMC CorporationFMC

FY 2007 Earnings

Reported February 25, 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	$2.6B	—	$2.3B	—	12.2%
Op. Income	$393M	—	$328M	—	19.9%
Gross Margin	30.5%	—	30.2%	—	0.3pp
Net Margin	5.0%	—	5.6%	—	-0.6pp
EPS (Diluted)	$0.86	—	$0.85	—	1.2%
Free Cash Flow	$154M	—	$139M	—	10.6%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$803M
R&D Expenses	$95M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$315M
Other Expenses	$0
Operating Expenses	$410M
Cost & Expenses	$2.2B
OPERATING INCOME	$393M
Interest Income	$0
Interest Expense	$228M
Other Income/Expenses	-$198M
INCOME BEFORE TAX	$195M
Income Tax Expense	$29M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	-$24M
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$134M
EBIT	$233M
EBITDA	$366M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$803M
R&D Expenses	$95M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$315M
Other Expenses	$0
Operating Expenses	$410M
Cost & Expenses	$2.2B
OPERATING INCOME	$393M
Interest Income	$0
Interest Expense	$228M
Other Income/Expenses	-$198M
INCOME BEFORE TAX	$195M
Income Tax Expense	$29M
Net Income from Continuing Ops	$166M
Net Income from Discontinued Ops	$0
Other Adjustments	-$24M
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$134M
EBIT	$233M
EBITDA	$366M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$134M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$165M
Change in Working Capital	-$161M
OPERATING CASH FLOW	$270M
Capital Expenditure	-$115M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$121M
Net Debt Issuance	-$101M
Common Stock Repurchased	-$116M
Common Dividends Paid	-$30M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$243M
FREE CASH FLOW	$154M
Net Change in Cash	-$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$600M
Inventory	$275M
Other Current Assets	$244M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$935M
Goodwill	$180M
Intangible Assets	$0
Long-Term Investments	$21M
Tax Assets	$259M
Other Non-Current Assets	$144M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.7B
Account Payables	$327M
Short-Term Debt	$126M
Deferred Revenue	$261M
Other Current Liabilities	$222M
TOTAL CURRENT LIABILITIES	$751M
Long-Term Debt	$420M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$440M
TOTAL NON-CURRENT LIABILITIES	$859M
TOTAL LIABILITIES	$1.6B
Common Stock	$9M
Additional Paid-In Capital	$408M
Retained Earnings	$1.3B
Treasury Stock	-$598M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$58M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$545M
Net Debt	$470M