INGR FY 2006 Earnings Report — Ingredion Incorporated Revenue & Financial Results | Market Cap Arena

Ingredion IncorporatedINGR

FY 2006 Earnings

Reported February 27, 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	$2.6B	—	—	—	—
Op. Income	$224M	—	—	—	—
Gross Margin	15.9%	—	—	—	—
Net Margin	4.7%	—	—	—	—
EPS (Diluted)	$1.63	—	—	—	—
Free Cash Flow	$59M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$416M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	-$10M
Operating Expenses	$192M
Cost & Expenses	$2.4B
OPERATING INCOME	$224M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$197M
Income Tax Expense	$69M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$114M
EBIT	$224M
EBITDA	$338M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.2B
GROSS PROFIT	$416M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$202M
SG&A Expenses	$202M
Other Expenses	-$10M
Operating Expenses	$192M
Cost & Expenses	$2.4B
OPERATING INCOME	$224M
Interest Income	$0
Interest Expense	$31M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$197M
Income Tax Expense	$69M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$124M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$124M
D&A	$114M
EBIT	$224M
EBITDA	$338M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$124M
Depreciation & Amortization	$114M
Stock-Based Compensation	$0
Deferred Income Tax	-$6M
Other Non-Cash Items	$4M
Change in Working Capital	-$29M
OPERATING CASH FLOW	$230M
Capital Expenditure	-$171M
Acquisitions (Net)	-$42M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$210M
Net Debt Issuance	$16M
Common Stock Repurchased	-$23M
Common Dividends Paid	-$26M
Other Financing Activities	$6M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$59M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$131M
Short-Term Investments	$0
Net Receivables	$357M
Inventory	$321M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$837M
PP&E (Net)	$1.4B
Goodwill	$381M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.7B
Account Payables	$429M
Short-Term Debt	$74M
Deferred Revenue	$0
Other Current Liabilities	-$104M
TOTAL CURRENT LIABILITIES	$517M
Long-Term Debt	$480M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$121M
Other Non-Current Liabilities	$178M
TOTAL NON-CURRENT LIABILITIES	$779M
TOTAL LIABILITIES	$1.3B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$528M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$223M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$19M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$554M
Net Debt	$423M