KKRS FY 2010 Earnings Report — KKR Group Finance Co. IX LLC 4. Revenue & Financial Results | Market Cap Arena

KKR Group Finance Co. IX LLC 4.KKRS

FY 2010 Earnings

Reported March 7, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$9.2B	—	—	—	—
Op. Income	$7.5B	—	—	—	—
Gross Margin	89.7%	—	—	—	—
Net Margin	84.7%	—	—	—	—
EPS (Diluted)	$37.74	—	—	—	—
Free Cash Flow	$720M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$9.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	-$1.4B
Operating Expenses	$311M
Cost & Expenses	$1.7B
OPERATING INCOME	$7.5B
Interest Income	$227M
Interest Expense	$53M
Other Income/Expenses	$368M
INCOME BEFORE TAX	$7.9B
Income Tax Expense	$75M
Net Income from Continuing Ops	$7.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.8B
D&A	$0
EBIT	$7.9B
EBITDA	$7.9B
EPS	$38
EPS Diluted	$38

Income Statement

Item	Amount
REVENUE	$9.2B
Cost of Revenue	$1.4B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	-$1.4B
Operating Expenses	$311M
Cost & Expenses	$1.7B
OPERATING INCOME	$7.5B
Interest Income	$227M
Interest Expense	$53M
Other Income/Expenses	$368M
INCOME BEFORE TAX	$7.9B
Income Tax Expense	$75M
Net Income from Continuing Ops	$7.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7.8B
D&A	$0
EBIT	$7.9B
EBITDA	$7.9B
EPS	$38
EPS Diluted	$38

Cash Flow Statement

Item	Amount
Net Income	$7.8B
Depreciation & Amortization	$0
Stock-Based Compensation	$824M
Deferred Income Tax	$0
Other Non-Cash Items	-$7.8B
Change in Working Capital	-$91M
OPERATING CASH FLOW	$733M
Capital Expenditure	-$13M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$5.7B
Other Investing Activities	-$5.6B
NET CASH FROM INVESTING	-$1M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$512M
Other Financing Activities	-$28M
NET CASH FROM FINANCING	-$540M
FREE CASH FLOW	$720M
Net Change in Cash	$192M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$137M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$0
TOTAL ASSETS	$38.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.5B
TOTAL NON-CURRENT LIABILITIES	$2.4B
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$1.3B
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$34.7B
TOTAL EQUITY	$36.0B
TOTAL LIABILITIES & EQUITY	$38.4B
Total Debt	$1.5B
Net Debt	$52M