MOG-A FY 2008 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

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	$1.9B	—	$1.6B	—	22.1%
Op. Income	$205M	—	$174M	—	17.3%
Gross Margin	32.0%	—	34.0%	—	-1.9pp
Net Margin	6.3%	—	6.5%	—	-0.2pp
EPS (Diluted)	$2.75	—	$2.34	—	17.5%
Free Cash Flow	$16M	—	-$72M	—	122.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$609M
R&D Expenses	$110M
Selling & Marketing	$36.0K
General & Administrative	$295M
SG&A Expenses	$295M
Other Expenses	$0
Operating Expenses	$405M
Cost & Expenses	$1.7B
OPERATING INCOME	$205M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$168M
Income Tax Expense	$49M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$63M
EBIT	$206M
EBITDA	$267M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$609M
R&D Expenses	$110M
Selling & Marketing	$36.0K
General & Administrative	$295M
SG&A Expenses	$295M
Other Expenses	$0
Operating Expenses	$405M
Cost & Expenses	$1.7B
OPERATING INCOME	$205M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$168M
Income Tax Expense	$49M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$63M
EBIT	$206M
EBITDA	$267M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$63M
Stock-Based Compensation	$5M
Deferred Income Tax	-$6M
Other Non-Cash Items	$38M
Change in Working Capital	-$111M
OPERATING CASH FLOW	$108M
Capital Expenditure	-$92M
Acquisitions (Net)	-$51M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$149M
Net Debt Issuance	$45M
Common Stock Repurchased	-$10M
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	$42M
FREE CASH FLOW	$16M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$87M
Short-Term Investments	$0
Net Receivables	$517M
Inventory	$408M
Other Current Assets	$53M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$428M
Goodwill	$561M
Intangible Assets	$75M
Long-Term Investments	-$53M
Tax Assets	$53M
Other Non-Current Assets	$73M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.2B
Account Payables	$129M
Short-Term Debt	$9M
Deferred Revenue	$0
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$377M
Long-Term Debt	$662M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$81M
Other Non-Current Liabilities	$113M
TOTAL NON-CURRENT LIABILITIES	$856M
TOTAL LIABILITIES	$1.2B
Common Stock	$49M
Additional Paid-In Capital	$311M
Retained Earnings	$689M
Treasury Stock	-$41M
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$994M
Minority Interest	$0
TOTAL EQUITY	$994M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$671M
Net Debt	$584M