IBN FY 2006 Earnings Report — ICICI Bank Limited Revenue & Financial Results | Market Cap Arena

ICICI Bank LimitedIBN

FY 2006 Earnings

Reported September 28, 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	$2.6B	—	—	—	—
Op. Income	$254M	—	—	—	—
Gross Margin	52.7%	—	—	—	—
Net Margin	9.8%	—	—	—	—
EPS (Diluted)	$0.12	—	—	—	—
Free Cash Flow	$823M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$159M
General & Administrative	$259M
SG&A Expenses	$418M
Other Expenses	$703M
Operating Expenses	$1.1B
Cost & Expenses	$2.4B
OPERATING INCOME	$254M
Interest Income	$1.5B
Interest Expense	$1.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$254M
Income Tax Expense	$0
Net Income from Continuing Ops	$254M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$257M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$257M
D&A	$100M
EBIT	$254M
EBITDA	$355M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$159M
General & Administrative	$259M
SG&A Expenses	$418M
Other Expenses	$703M
Operating Expenses	$1.1B
Cost & Expenses	$2.4B
OPERATING INCOME	$254M
Interest Income	$1.5B
Interest Expense	$1.1B
Other Income/Expenses	$0
INCOME BEFORE TAX	$254M
Income Tax Expense	$0
Net Income from Continuing Ops	$254M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$257M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$257M
D&A	$100M
EBIT	$254M
EBITDA	$355M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$258M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$248M
Change in Working Capital	$387M
OPERATING CASH FLOW	$893M
Capital Expenditure	-$70M
Acquisitions (Net)	$3M
Purchases of Investments	-$3.2B
Sales/Maturities of Investments	$0
Other Investing Activities	-$6.5B
NET CASH FROM INVESTING	-$9.7B
Net Debt Issuance	$945M
Common Stock Repurchased	$0
Common Dividends Paid	-$81M
Other Financing Activities	$7.6B
NET CASH FROM FINANCING	$9.3B
FREE CASH FLOW	$823M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$0
Net Receivables	$915M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$439M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$24.8B
Tax Assets	$328M
Other Non-Current Assets	$671M
TOTAL NON-CURRENT ASSETS	$26.3B
TOTAL ASSETS	$29.4B
Account Payables	$154M
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$18.4B
TOTAL CURRENT LIABILITIES	$18.6B
Long-Term Debt	$5.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.5B
TOTAL NON-CURRENT LIABILITIES	$8.4B
TOTAL LIABILITIES	$27.0B
Common Stock	$132M
Additional Paid-In Capital	$1.3B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$2.3B
Other Equity	-$1.3B
TOTAL STOCKHOLDERS' EQUITY	$2.4B
Minority Interest	$29M
TOTAL EQUITY	$2.4B
TOTAL LIABILITIES & EQUITY	$29.4B
Total Debt	$5.9B
Net Debt	$3.7B