KN FY 2012 Earnings Report — Knowles Corporation Revenue & Financial Results | Market Cap Arena

Knowles CorporationKN

FY 2012 Earnings

Reported December 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.1B	—	$983M	—	13.7%
Op. Income	$142M	—	$148M	—	-4.2%
Gross Margin	36.4%	—	38.4%	—	-2.0pp
Net Margin	7.1%	—	10.0%	—	-2.9pp
EPS (Diluted)	$0.93	—	$1.16	—	-19.8%
Free Cash Flow	$44M	—	$87M	—	-49.3%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$711M
GROSS PROFIT	$407M
R&D Expenses	$77M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$188M
Other Expenses	$0
Operating Expenses	$265M
Cost & Expenses	$976M
OPERATING INCOME	$142M
Interest Income	$0
Interest Expense	$56M
Other Income/Expenses	-$63M
INCOME BEFORE TAX	$79M
Income Tax Expense	-$181.0K
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$115M
EBIT	$135M
EBITDA	$250M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$711M
GROSS PROFIT	$407M
R&D Expenses	$77M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$188M
Other Expenses	$0
Operating Expenses	$265M
Cost & Expenses	$976M
OPERATING INCOME	$142M
Interest Income	$0
Interest Expense	$56M
Other Income/Expenses	-$63M
INCOME BEFORE TAX	$79M
Income Tax Expense	-$181.0K
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$115M
EBIT	$135M
EBITDA	$250M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$115M
Stock-Based Compensation	$0
Deferred Income Tax	-$17M
Other Non-Cash Items	-$306.0K
Change in Working Capital	$13M
OPERATING CASH FLOW	$190M
Capital Expenditure	-$146M
Acquisitions (Net)	$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$26M
NET CASH FROM INVESTING	-$116M
Net Debt Issuance	-$887M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$797M
NET CASH FROM FINANCING	-$90M
FREE CASH FLOW	$44M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$217M
Inventory	$134M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$377M
PP&E (Net)	$362M
Goodwill	$946M
Intangible Assets	$345M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.1B
Account Payables	$171M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$233M
Long-Term Debt	$529M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$623M
TOTAL LIABILITIES	$856M
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$529M
Net Debt	$519M