JJSF FY 2009 Earnings Report — J&J Snack Foods Corp. Revenue & Financial Results | Market Cap Arena

J&J Snack Foods Corp.JJSF

FY 2009 Earnings

Reported December 8, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$653M	—	$629M	—	3.8%
Op. Income	$67M	—	$43M	—	54.5%
Gross Margin	32.0%	—	29.7%	—	2.3pp
Net Margin	6.3%	—	4.4%	—	1.9pp
EPS (Diluted)	$2.21	—	$1.47	—	50.3%
Free Cash Flow	$53M	—	$32M	—	66.4%

Revenue Flow

Item	Amount
REVENUE	$653M
Cost of Revenue	$444M
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$69M
General & Administrative	$72M
SG&A Expenses	$142M
Other Expenses	-$5.0K
Operating Expenses	$142M
Cost & Expenses	$586M
OPERATING INCOME	$67M
Interest Income	$0
Interest Expense	$115.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$68M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$28M
EBIT	$68M
EBITDA	$96M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$653M
Cost of Revenue	$444M
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$69M
General & Administrative	$72M
SG&A Expenses	$142M
Other Expenses	-$5.0K
Operating Expenses	$142M
Cost & Expenses	$586M
OPERATING INCOME	$67M
Interest Income	$0
Interest Expense	$115.0K
Other Income/Expenses	$1M
INCOME BEFORE TAX	$68M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$28M
EBIT	$68M
EBITDA	$96M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$28M
Stock-Based Compensation	$2M
Deferred Income Tax	$4M
Other Non-Cash Items	-$31.0K
Change in Working Capital	$6M
OPERATING CASH FLOW	$81M
Capital Expenditure	-$27M
Acquisitions (Net)	$326.0K
Purchases of Investments	-$66M
Sales/Maturities of Investments	$10M
Other Investing Activities	$35M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$93.0K
Common Stock Repurchased	-$13M
Common Dividends Paid	-$7M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$53M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$39M
Net Receivables	$60M
Inventory	$46M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$211M
PP&E (Net)	$97M
Goodwill	$60M
Intangible Assets	$49M
Long-Term Investments	$20M
Tax Assets	$4M
Other Non-Current Assets	-$2M
TOTAL NON-CURRENT ASSETS	$229M
TOTAL ASSETS	$440M
Account Payables	$48M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$68M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$97M
Common Stock	$42M
Additional Paid-In Capital	$0
Retained Earnings	$304M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$343M
Minority Interest	$0
TOTAL EQUITY	$343M
TOTAL LIABILITIES & EQUITY	$440M
Total Debt	$381.0K
Net Debt	-$60M