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

FormFactor, Inc.FORM

FY 2006 Earnings

Reported November 13, 2007

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	$369M	—	—	—	—
Op. Income	$67M	—	—	—	—
Gross Margin	50.1%	—	—	—	—
Net Margin	16.5%	—	—	—	—
EPS (Diluted)	$1.21	—	—	—	—
Free Cash Flow	$67M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$369M
Cost of Revenue	$184M
GROSS PROFIT	$185M
R&D Expenses	$47M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$72M
Other Expenses	$0
Operating Expenses	$118M
Cost & Expenses	$302M
OPERATING INCOME	$67M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$15M
INCOME BEFORE TAX	$82M
Income Tax Expense	$25M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$22M
EBIT	$67M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$369M
Cost of Revenue	$184M
GROSS PROFIT	$185M
R&D Expenses	$47M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$72M
Other Expenses	$0
Operating Expenses	$118M
Cost & Expenses	$302M
OPERATING INCOME	$67M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$15M
INCOME BEFORE TAX	$82M
Income Tax Expense	$25M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$22M
EBIT	$67M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$22M
Stock-Based Compensation	$21M
Deferred Income Tax	-$4M
Other Non-Cash Items	$301.0K
Change in Working Capital	$5M
OPERATING CASH FLOW	$105M
Capital Expenditure	-$38M
Acquisitions (Net)	$42M
Purchases of Investments	-$279M
Sales/Maturities of Investments	$249M
Other Investing Activities	-$42M
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$13M
NET CASH FROM FINANCING	$215M
FREE CASH FLOW	$67M
Net Change in Cash	$253M

Balance Sheet

Item	Amount
Cash & Equivalents	$284M
Short-Term Investments	$208M
Net Receivables	$55M
Inventory	$25M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$596M
PP&E (Net)	$94M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$5M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$102M
TOTAL ASSETS	$698M
Account Payables	$31M
Short-Term Debt	$0
Deferred Revenue	$7M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$76M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$81M
Common Stock	$47.0K
Additional Paid-In Capital	$505M
Retained Earnings	$113M
Treasury Stock	$0
Accum. Other Comp. Income	-$244.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$618M
Minority Interest	$0
TOTAL EQUITY	$618M
TOTAL LIABILITIES & EQUITY	$698M
Total Debt	$0
Net Debt	-$284M