HAE FY 2006 Earnings Report — Haemonetics Corporation Revenue & Financial Results | Market Cap Arena

Haemonetics CorporationHAE

FY 2006 Earnings

Reported June 9, 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	$420M	—	—	—	—
Op. Income	$99M	—	—	—	—
Gross Margin	52.5%	—	—	—	—
Net Margin	16.5%	—	—	—	—
EPS (Diluted)	$1.25	—	—	—	—
Free Cash Flow	$49M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$420M
Cost of Revenue	$199M
GROSS PROFIT	$221M
R&D Expenses	$27M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$121M
Other Expenses	-$26M
Operating Expenses	$122M
Cost & Expenses	$321M
OPERATING INCOME	$99M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$107M
Income Tax Expense	$38M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$25M
EBIT	$99M
EBITDA	$124M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$420M
Cost of Revenue	$199M
GROSS PROFIT	$221M
R&D Expenses	$27M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$121M
Other Expenses	-$26M
Operating Expenses	$122M
Cost & Expenses	$321M
OPERATING INCOME	$99M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$107M
Income Tax Expense	$38M
Net Income from Continuing Ops	$69M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$69M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$25M
EBIT	$99M
EBITDA	$124M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$69M
Depreciation & Amortization	$25M
Stock-Based Compensation	$0
Deferred Income Tax	-$290.0K
Other Non-Cash Items	$6M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$37M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$12M
FREE CASH FLOW	$49M
Net Change in Cash	$65M

Balance Sheet

Item	Amount
Cash & Equivalents	$251M
Short-Term Investments	$0
Net Receivables	$87M
Inventory	$55M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$418M
PP&E (Net)	$75M
Goodwill	$18M
Intangible Assets	$23M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$128M
TOTAL ASSETS	$547M
Account Payables	$14M
Short-Term Debt	$26M
Deferred Revenue	$29M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$88M
Long-Term Debt	$13M
Deferred Revenue NC	-$1M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$17M
TOTAL LIABILITIES	$105M
Common Stock	$268.0K
Additional Paid-In Capital	$141M
Retained Earnings	$303M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$442M
Minority Interest	$0
TOTAL EQUITY	$442M
TOTAL LIABILITIES & EQUITY	$547M
Total Debt	$39M
Net Debt	-$212M