JJSF FY 2008 Earnings Report — J&J Snack Foods Corp. Revenue & Financial Results | Market Cap Arena

J&J Snack Foods Corp.JJSF

FY 2008 Earnings

Reported December 9, 2008

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	$629M	—	$569M	—	10.6%
Op. Income	$43M	—	$49M	—	-10.8%
Gross Margin	29.7%	—	32.8%	—	-3.1pp
Net Margin	4.4%	—	5.6%	—	-1.2pp
EPS (Diluted)	$1.47	—	$1.69	—	-13.0%
Free Cash Flow	$32M	—	$35M	—	-8.4%

Revenue Flow

Item	Amount
REVENUE	$629M
Cost of Revenue	$442M
GROSS PROFIT	$187M
R&D Expenses	$0
Selling & Marketing	$70M
General & Administrative	$74M
SG&A Expenses	$144M
Other Expenses	-$375.0K
Operating Expenses	$144M
Cost & Expenses	$586M
OPERATING INCOME	$43M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$46M
Income Tax Expense	$18M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$27M
EBIT	$43M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$629M
Cost of Revenue	$442M
GROSS PROFIT	$187M
R&D Expenses	$0
Selling & Marketing	$70M
General & Administrative	$74M
SG&A Expenses	$144M
Other Expenses	-$375.0K
Operating Expenses	$144M
Cost & Expenses	$586M
OPERATING INCOME	$43M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$46M
Income Tax Expense	$18M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$27M
EBIT	$43M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$27M
Stock-Based Compensation	$2M
Deferred Income Tax	$3M
Other Non-Cash Items	-$174.0K
Change in Working Capital	-$6M
OPERATING CASH FLOW	$55M
Capital Expenditure	-$23M
Acquisitions (Net)	$932.0K
Purchases of Investments	-$13M
Sales/Maturities of Investments	$7M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	$0
Common Stock Repurchased	-$4M
Common Dividends Paid	-$7M
Other Financing Activities	-$91.0K
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$32M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$2M
Net Receivables	$62M
Inventory	$49M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$177M
PP&E (Net)	$93M
Goodwill	$60M
Intangible Assets	$54M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$231M
TOTAL ASSETS	$408M
Account Payables	$49M
Short-Term Debt	$93.0K
Deferred Revenue	$0
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$66M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$92M
Common Stock	$0
Additional Paid-In Capital	$48M
Retained Earnings	$270M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$317M
Minority Interest	$0
TOTAL EQUITY	$317M
TOTAL LIABILITIES & EQUITY	$408M
Total Debt	$474.0K
Net Debt	-$44M