IVZ FY 2007 Earnings Report — Invesco Ltd. Revenue & Financial Results | Market Cap Arena

Invesco Ltd.IVZ

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.2B	—	19.5%
Op. Income	$994M	—	$785M	—	26.6%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	17.4%	—	15.1%	—	2.3pp
EPS (Diluted)	$1.69	—	$0.60	—	181.7%
Free Cash Flow	$877M	—	$469M	—	87.0%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$0
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$158M
General & Administrative	$0
SG&A Expenses	$2.6B
Other Expenses	$243M
Operating Expenses	$2.9B
Cost & Expenses	$2.9B
OPERATING INCOME	$994M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$250M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$357M
Net Income from Continuing Ops	$674M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$674M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$674M
D&A	$64M
EBIT	$994M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$0
GROSS PROFIT	$3.9B
R&D Expenses	$0
Selling & Marketing	$158M
General & Administrative	$0
SG&A Expenses	$2.6B
Other Expenses	$243M
Operating Expenses	$2.9B
Cost & Expenses	$2.9B
OPERATING INCOME	$994M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$250M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$357M
Net Income from Continuing Ops	$674M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$674M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$674M
D&A	$64M
EBIT	$994M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$674M
Depreciation & Amortization	$64M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$53M
Change in Working Capital	$128M
OPERATING CASH FLOW	$918M
Capital Expenditure	-$37M
Acquisitions (Net)	-$54M
Purchases of Investments	-$412M
Sales/Maturities of Investments	$260M
Other Investing Activities	$196M
NET CASH FROM INVESTING	-$46M
Net Debt Issuance	$77M
Common Stock Repurchased	-$716M
Common Dividends Paid	-$155M
Other Financing Activities	-$84M
NET CASH FROM FINANCING	-$741M
FREE CASH FLOW	$877M
Net Change in Cash	$137M

Balance Sheet

Item	Amount
Cash & Equivalents	$952M
Short-Term Investments	$177M
Net Receivables	$1.1B
Inventory	$0
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$180M
Goodwill	$6.8B
Intangible Assets	$154M
Long-Term Investments	$0
Tax Assets	$134M
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$8.7B
TOTAL ASSETS	$12.9B
Account Payables	$235M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.7B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$296M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$5.2B
Common Stock	$85M
Additional Paid-In Capital	$5.3B
Retained Earnings	$1.2B
Treasury Stock	-$954M
Accum. Other Comp. Income	$952M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.6B
Minority Interest	$1.1B
TOTAL EQUITY	$7.7B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$1.3B
Net Debt	$324M