IAG FY 2010 Earnings Report — IAMGOLD Corporation Revenue & Financial Results | Market Cap Arena

IAMGOLD CorporationIAG

FY 2010 Earnings

Reported December 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.2B	—	$914M	—	27.7%
Op. Income	$428M	—	$163M	—	162.8%
Gross Margin	47.2%	—	46.8%	—	0.4pp
Net Margin	24.0%	—	12.5%	—	11.5pp
EPS (Diluted)	$0.75	—	$0.32	—	134.4%
Free Cash Flow	$43M	—	-$196M	—	122.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$617M
GROSS PROFIT	$551M
R&D Expenses	$46M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$47M
Other Expenses	$0
Operating Expenses	$123M
Cost & Expenses	$740M
OPERATING INCOME	$428M
Interest Income	$57M
Interest Expense	$4M
Other Income/Expenses	$18M
INCOME BEFORE TAX	$433M
Income Tax Expense	$135M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$47M
NET INCOME	$280M
Net Income Deductions	-$10M
BOTTOM LINE NET INCOME	$272M
D&A	$133M
EBIT	$377M
EBITDA	$494M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$617M
GROSS PROFIT	$551M
R&D Expenses	$46M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$47M
Other Expenses	$0
Operating Expenses	$123M
Cost & Expenses	$740M
OPERATING INCOME	$428M
Interest Income	$57M
Interest Expense	$4M
Other Income/Expenses	$18M
INCOME BEFORE TAX	$433M
Income Tax Expense	$135M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$47M
NET INCOME	$280M
Net Income Deductions	-$10M
BOTTOM LINE NET INCOME	$272M
D&A	$133M
EBIT	$377M
EBITDA	$494M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$280M
Depreciation & Amortization	$133M
Stock-Based Compensation	$8M
Deferred Income Tax	$2M
Other Non-Cash Items	-$9M
Change in Working Capital	$2M
OPERATING CASH FLOW	$415M
Capital Expenditure	-$372M
Acquisitions (Net)	-$1M
Purchases of Investments	-$26M
Sales/Maturities of Investments	$0
Other Investing Activities	$42M
NET CASH FROM INVESTING	-$357M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$32M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	$43M
Net Change in Cash	$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$271M
Short-Term Investments	$40M
Net Receivables	$82M
Inventory	$206M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$599M
PP&E (Net)	$2.2B
Goodwill	$335M
Intangible Assets	$219M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$186M
TOTAL NON-CURRENT ASSETS	$2.9B
TOTAL ASSETS	$3.5B
Account Payables	$158M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$254M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$256M
Other Non-Current Liabilities	$151M
TOTAL NON-CURRENT LIABILITIES	$407M
TOTAL LIABILITIES	$661M
Common Stock	$2.3B
Additional Paid-In Capital	$2.3B
Retained Earnings	$364M
Treasury Stock	$0
Accum. Other Comp. Income	$117M
Other Equity	-$2.3B
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$58M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$12M
Net Debt	-$259M