KALU FY 2007 Earnings Report — Kaiser Aluminum Corporation Revenue & Financial Results | Market Cap Arena

Kaiser Aluminum CorporationKALU

FY 2007 Earnings

Reported February 26, 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	$1.5B	—	$668M	—	125.4%
Op. Income	$182M	—	$48M	—	276.8%
Gross Margin	16.8%	—	13.0%	—	3.8pp
Net Margin	6.7%	—	3.9%	—	2.8pp
EPS (Diluted)	$4.97	—	$1.30	—	282.3%
Free Cash Flow	$68M	—	-$11M	—	705.4%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$253M
R&D Expenses	$73M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$73M
Other Expenses	-$2M
Operating Expenses	$71M
Cost & Expenses	$1.3B
OPERATING INCOME	$182M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$400.0K
INCOME BEFORE TAX	$182M
Income Tax Expense	$81M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$14M
EBIT	$187M
EBITDA	$199M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$253M
R&D Expenses	$73M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$73M
Other Expenses	-$2M
Operating Expenses	$71M
Cost & Expenses	$1.3B
OPERATING INCOME	$182M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	$400.0K
INCOME BEFORE TAX	$182M
Income Tax Expense	$81M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$14M
EBIT	$187M
EBITDA	$199M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$14M
Stock-Based Compensation	$9M
Deferred Income Tax	-$9M
Other Non-Cash Items	$30M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$130M
Capital Expenditure	-$62M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$700.0K
Common Dividends Paid	-$7M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$68M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$0
Net Receivables	$112M
Inventory	$208M
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$455M
PP&E (Net)	$223M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$41M
Tax Assets	$269M
Other Non-Current Assets	$219M
TOTAL NON-CURRENT ASSETS	$711M
TOTAL ASSETS	$1.2B
Account Payables	$70M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$40M
TOTAL CURRENT LIABILITIES	$165M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$57M
TOTAL LIABILITIES	$222M
Common Stock	$200.0K
Additional Paid-In Capital	$949M
Retained Earnings	$116M
Treasury Stock	$0
Accum. Other Comp. Income	-$122M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$943M
Minority Interest	$0
TOTAL EQUITY	$943M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$5M
Net Debt	-$63M