KKRS FY 2011 Earnings Report — KKR Group Finance Co. IX LLC 4. Revenue & Financial Results | Market Cap Arena

KKR Group Finance Co. IX LLC 4.KKRS

FY 2011 Earnings

Reported February 24, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.5B	—	$9.2B	—	-84.1%
Op. Income	$242M	—	$7.5B	—	-96.8%
Gross Margin	36.6%	—	89.7%	—	-53.1pp
Net Margin	60.2%	—	84.7%	—	-24.5pp
EPS (Diluted)	$3.94	—	$37.74	—	-89.6%
Free Cash Flow	-$227M	—	$720M	—	-131.5%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$923M
GROSS PROFIT	$533M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	-$869M
Operating Expenses	$291M
Cost & Expenses	$1.2B
OPERATING INCOME	$242M
Interest Income	$322M
Interest Expense	$73M
Other Income/Expenses	$724M
INCOME BEFORE TAX	$966M
Income Tax Expense	$89M
Net Income from Continuing Ops	$876M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$876M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$876M
D&A	$0
EBIT	$1.0B
EBITDA	$1.0B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$923M
GROSS PROFIT	$533M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	-$869M
Operating Expenses	$291M
Cost & Expenses	$1.2B
OPERATING INCOME	$242M
Interest Income	$322M
Interest Expense	$73M
Other Income/Expenses	$724M
INCOME BEFORE TAX	$966M
Income Tax Expense	$89M
Net Income from Continuing Ops	$876M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$876M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$876M
D&A	$0
EBIT	$1.0B
EBITDA	$1.0B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$876M
Depreciation & Amortization	$0
Stock-Based Compensation	$470M
Deferred Income Tax	$0
Other Non-Cash Items	-$1.1B
Change in Working Capital	-$491M
OPERATING CASH FLOW	-$209M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$10.8B
Other Investing Activities	-$10.9B
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$154M
Other Financing Activities	$515M
NET CASH FROM FINANCING	$361M
FREE CASH FLOW	-$227M
Net Change in Cash	$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$0
Net Receivables	$150M
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	$40.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$1.6B
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$2.7B
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	$36.4B
TOTAL EQUITY	$37.7B
TOTAL LIABILITIES & EQUITY	$40.4B
Total Debt	$1.6B
Net Debt	-$209M