IVZ FY 2008 Earnings Report — Invesco Ltd. Revenue & Financial Results | Market Cap Arena

Invesco Ltd.IVZ

FY 2008 Earnings

Reported February 27, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.9B	—	-14.7%
Op. Income	$748M	—	$994M	—	-24.8%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	14.6%	—	17.4%	—	-2.8pp
EPS (Diluted)	$1.21	—	$1.69	—	-28.4%
Free Cash Flow	$412M	—	$877M	—	-53.1%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$148M
General & Administrative	$2.4B
SG&A Expenses	$2.6B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$2.6B
OPERATING INCOME	$748M
Interest Income	$37M
Interest Expense	$77M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$657M
Income Tax Expense	$236M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$482M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$482M
D&A	$68M
EBIT	$734M
EBITDA	$802M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$0
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$148M
General & Administrative	$2.4B
SG&A Expenses	$2.6B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$2.6B
OPERATING INCOME	$748M
Interest Income	$37M
Interest Expense	$77M
Other Income/Expenses	-$91M
INCOME BEFORE TAX	$657M
Income Tax Expense	$236M
Net Income from Continuing Ops	$421M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$482M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$482M
D&A	$68M
EBIT	$734M
EBITDA	$802M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$482M
Depreciation & Amortization	$48M
Stock-Based Compensation	$98M
Deferred Income Tax	$88M
Other Non-Cash Items	-$31M
Change in Working Capital	-$158M
OPERATING CASH FLOW	$526M
Capital Expenditure	-$84M
Acquisitions (Net)	$0
Purchases of Investments	-$271M
Sales/Maturities of Investments	$332M
Other Investing Activities	-$45M
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	$26M
Common Stock Repurchased	-$313M
Common Dividends Paid	-$207M
Other Financing Activities	-$172M
NET CASH FROM FINANCING	-$666M
FREE CASH FLOW	$412M
Net Change in Cash	-$331M

Balance Sheet

Item	Amount
Cash & Equivalents	$585M
Short-Term Investments	$124M
Net Receivables	$543M
Inventory	$5M
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$205M
Goodwill	$6.0B
Intangible Assets	$143M
Long-Term Investments	$965M
Tax Assets	$37M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$9.8B
Account Payables	$1.1B
Short-Term Debt	$297M
Deferred Revenue	$0
Other Current Liabilities	$640M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$862M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$195M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$3.2B
Common Stock	$85M
Additional Paid-In Capital	$5.4B
Retained Earnings	$1.5B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.7B
Minority Interest	$907M
TOTAL EQUITY	$6.6B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$1.2B
Net Debt	$574M