MATW FY 2009 Earnings Report — Matthews International Corporation Revenue & Financial Results | Market Cap Arena

Matthews International CorporationMATW

FY 2009 Earnings

Reported November 24, 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	$781M	—	$819M	—	-4.6%
Op. Income	$118M	—	$133M	—	-11.6%
Gross Margin	38.9%	—	39.5%	—	-0.6pp
Net Margin	7.4%	—	9.7%	—	-2.3pp
EPS (Diluted)	$1.90	—	$2.55	—	-25.5%
Free Cash Flow	$71M	—	$92M	—	-22.8%

Revenue Flow

Item	Amount
REVENUE	$781M
Cost of Revenue	$477M
GROSS PROFIT	$304M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$184M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$663M
OPERATING INCOME	$118M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$91M
Income Tax Expense	$31M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	-$502.0K
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$30M
EBIT	$101M
EBITDA	$131M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$781M
Cost of Revenue	$477M
GROSS PROFIT	$304M
R&D Expenses	$2M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$184M
Other Expenses	$0
Operating Expenses	$186M
Cost & Expenses	$663M
OPERATING INCOME	$118M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$27M
INCOME BEFORE TAX	$91M
Income Tax Expense	$31M
Net Income from Continuing Ops	$60M
Net Income from Discontinued Ops	$0
Other Adjustments	-$502.0K
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$30M
EBIT	$101M
EBITDA	$131M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$30M
Stock-Based Compensation	$6M
Deferred Income Tax	$8M
Other Non-Cash Items	-$8M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$91M
Capital Expenditure	-$19M
Acquisitions (Net)	-$11M
Purchases of Investments	-$3M
Sales/Maturities of Investments	$19M
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$33M
Net Debt Issuance	-$16M
Common Stock Repurchased	-$29M
Common Dividends Paid	-$10M
Other Financing Activities	$111.0K
NET CASH FROM FINANCING	-$54M
FREE CASH FLOW	$71M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$62.0K
Net Receivables	$139M
Inventory	$94M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$305M
PP&E (Net)	$138M
Goodwill	$385M
Intangible Assets	$55M
Long-Term Investments	$13M
Tax Assets	$33M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$644M
TOTAL ASSETS	$950M
Account Payables	$29M
Short-Term Debt	$14M
Deferred Revenue	$0
Other Current Liabilities	$46M
TOTAL CURRENT LIABILITIES	$132M
Long-Term Debt	$234M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	$127M
TOTAL NON-CURRENT LIABILITIES	$378M
TOTAL LIABILITIES	$484M
Common Stock	$36M
Additional Paid-In Capital	$47M
Retained Earnings	$560M
Treasury Stock	-$179M
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$434M
Minority Interest	$32M
TOTAL EQUITY	$466M
TOTAL LIABILITIES & EQUITY	$950M
Total Debt	$252M
Net Debt	$194M