HDB FY 2012 Earnings Report — HDFC Bank Limited Revenue & Financial Results | Market Cap Arena

HDFC Bank LimitedHDB

FY 2012 Earnings

Reported July 27, 2012

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	$3.5B	—	$2.6B	—	32.5%
Op. Income	$783M	—	$671M	—	16.8%
Gross Margin	51.8%	—	58.5%	—	-6.6pp
Net Margin	15.1%	—	16.5%	—	-1.5pp
EPS (Diluted)	$0.35	—	$0.28	—	26.1%
Free Cash Flow	$314M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$793M
SG&A Expenses	$793M
Other Expenses	$239M
Operating Expenses	$1.0B
Cost & Expenses	$2.7B
OPERATING INCOME	$783M
Interest Income	$2.9B
Interest Expense	$1.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$783M
Income Tax Expense	$253M
Net Income from Continuing Ops	$530M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$528M
D&A	$84M
EBIT	$783M
EBITDA	$867M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$793M
SG&A Expenses	$793M
Other Expenses	$239M
Operating Expenses	$1.0B
Cost & Expenses	$2.7B
OPERATING INCOME	$783M
Interest Income	$2.9B
Interest Expense	$1.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$783M
Income Tax Expense	$253M
Net Income from Continuing Ops	$530M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$528M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$528M
D&A	$84M
EBIT	$783M
EBITDA	$867M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$530M
Depreciation & Amortization	$84M
Stock-Based Compensation	$41M
Deferred Income Tax	-$21M
Other Non-Cash Items	$130M
Change in Working Capital	-$368M
OPERATING CASH FLOW	$398M
Capital Expenditure	-$84M
Acquisitions (Net)	$0
Purchases of Investments	-$5.9B
Sales/Maturities of Investments	$3.9B
Other Investing Activities	-$4.8B
NET CASH FROM INVESTING	-$6.8B
Net Debt Issuance	$1.3B
Common Stock Repurchased	$0
Common Dividends Paid	-$95M
Other Financing Activities	$4.1B
NET CASH FROM FINANCING	$5.3B
FREE CASH FLOW	$314M
Net Change in Cash	-$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.6B
Short-Term Investments	$8.6B
Net Receivables	$484M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$12.7B
PP&E (Net)	$265M
Goodwill	$795M
Intangible Assets	$43M
Long-Term Investments	$9.4B
Tax Assets	$0
Other Non-Current Assets	-$10.5B
TOTAL NON-CURRENT ASSETS	$10.5B
TOTAL ASSETS	$37.9B
Account Payables	$1.7B
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	-$2.9B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$1.9B
Deferred Revenue NC	$52M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.9B
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$33.7B
Common Stock	$50M
Additional Paid-In Capital	$2.6B
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	$488M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$16M
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$37.9B
Total Debt	$3.1B
Net Debt	-$533M