LNN FY 2009 Earnings Report — Lindsay Corporation Revenue & Financial Results | Market Cap Arena

Lindsay CorporationLNN

FY 2009 Earnings

Reported November 10, 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	$336M	—	$475M	—	-29.2%
Op. Income	$22M	—	$62M	—	-64.0%
Gross Margin	24.0%	—	26.1%	—	-2.1pp
Net Margin	4.1%	—	8.3%	—	-4.2pp
EPS (Diluted)	$1.11	—	$3.20	—	-65.3%
Free Cash Flow	$47M	—	$16M	—	186.2%

Revenue Flow

Item	Amount
REVENUE	$336M
Cost of Revenue	$256M
GROSS PROFIT	$81M
R&D Expenses	$6M
Selling & Marketing	$22M
General & Administrative	$30M
SG&A Expenses	$52M
Other Expenses	$0
Operating Expenses	$58M
Cost & Expenses	$314M
OPERATING INCOME	$22M
Interest Income	$934.0K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$21M
Income Tax Expense	$7M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$10M
EBIT	$23M
EBITDA	$32M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$336M
Cost of Revenue	$256M
GROSS PROFIT	$81M
R&D Expenses	$6M
Selling & Marketing	$22M
General & Administrative	$30M
SG&A Expenses	$52M
Other Expenses	$0
Operating Expenses	$58M
Cost & Expenses	$314M
OPERATING INCOME	$22M
Interest Income	$934.0K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$21M
Income Tax Expense	$7M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$10M
EBIT	$23M
EBITDA	$32M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$10M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	$2M
Change in Working Capital	$30M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$11M
Acquisitions (Net)	-$3M
Purchases of Investments	-$14M
Sales/Maturities of Investments	$859.0K
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$344.0K
NET CASH FROM FINANCING	-$10M
FREE CASH FLOW	$47M
Net Change in Cash	$35M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$0
Net Receivables	$43M
Inventory	$46M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$190M
PP&E (Net)	$60M
Goodwill	$24M
Intangible Assets	$29M
Long-Term Investments	-$7M
Tax Assets	$7M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$118M
TOTAL ASSETS	$308M
Account Payables	$20M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$33M
TOTAL CURRENT LIABILITIES	$59M
Long-Term Debt	$19M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$41M
TOTAL LIABILITIES	$100M
Common Stock	$18M
Additional Paid-In Capital	$29M
Retained Earnings	$250M
Treasury Stock	-$92M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$208M
Minority Interest	$0
TOTAL EQUITY	$208M
TOTAL LIABILITIES & EQUITY	$308M
Total Debt	$26M
Net Debt	-$60M