MATW FY 2008 Earnings Report — Matthews International Corporation Revenue & Financial Results | Market Cap Arena

Matthews International CorporationMATW

FY 2008 Earnings

Reported November 25, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$819M	—	$749M	—	9.2%
Op. Income	$133M	—	$121M	—	10.3%
Gross Margin	39.5%	—	37.4%	—	2.0pp
Net Margin	9.7%	—	8.6%	—	1.1pp
EPS (Diluted)	$2.55	—	$2.04	—	25.0%
Free Cash Flow	$92M	—	$54M	—	71.4%

Revenue Flow

Item	Amount
REVENUE	$819M
Cost of Revenue	$496M
GROSS PROFIT	$323M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$188M
Other Expenses	$0
Operating Expenses	$190M
Cost & Expenses	$686M
OPERATING INCOME	$133M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$125M
Income Tax Expense	$42M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$25M
EBIT	$135M
EBITDA	$160M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$819M
Cost of Revenue	$496M
GROSS PROFIT	$323M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$188M
Other Expenses	$0
Operating Expenses	$190M
Cost & Expenses	$686M
OPERATING INCOME	$133M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$125M
Income Tax Expense	$42M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$25M
EBIT	$135M
EBITDA	$160M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$25M
Stock-Based Compensation	$5M
Deferred Income Tax	$7M
Other Non-Cash Items	$0
Change in Working Capital	-$16M
OPERATING CASH FLOW	$105M
Capital Expenditure	-$12M
Acquisitions (Net)	-$98M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$6M
Other Investing Activities	$980.0K
NET CASH FROM INVESTING	-$109M
Net Debt Issuance	$43M
Common Stock Repurchased	-$43M
Common Dividends Paid	-$7M
Other Financing Activities	$2M
NET CASH FROM FINANCING	$13M
FREE CASH FLOW	$92M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$51M
Short-Term Investments	$62.0K
Net Receivables	$145M
Inventory	$96M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$303M
PP&E (Net)	$146M
Goodwill	$360M
Intangible Assets	$60M
Long-Term Investments	$0
Tax Assets	$18M
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$611M
TOTAL ASSETS	$914M
Account Payables	$27M
Short-Term Debt	$35M
Deferred Revenue	$0
Other Current Liabilities	$48M
TOTAL CURRENT LIABILITIES	$162M
Long-Term Debt	$218M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$58M
TOTAL NON-CURRENT LIABILITIES	$288M
TOTAL LIABILITIES	$449M
Common Stock	$36M
Additional Paid-In Capital	$47M
Retained Earnings	$511M
Treasury Stock	-$158M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$434M
Minority Interest	$31M
TOTAL EQUITY	$465M
TOTAL LIABILITIES & EQUITY	$914M
Total Debt	$254M
Net Debt	$204M