MOG-A FY 2009 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

FY 2009 Earnings

Reported December 2, 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	$1.8B	—	$1.9B	—	-2.8%
Op. Income	$156M	—	$205M	—	-23.7%
Gross Margin	29.1%	—	32.0%	—	-3.0pp
Net Margin	4.6%	—	6.3%	—	-1.7pp
EPS (Diluted)	$1.98	—	$2.75	—	-28.0%
Free Cash Flow	$36M	—	$16M	—	124.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$537M
R&D Expenses	$100M
Selling & Marketing	-$27.0K
General & Administrative	$281M
SG&A Expenses	$281M
Other Expenses	$0
Operating Expenses	$381M
Cost & Expenses	$1.7B
OPERATING INCOME	$156M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$111M
Income Tax Expense	$26M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$85M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$76M
EBIT	$150M
EBITDA	$224M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$537M
R&D Expenses	$100M
Selling & Marketing	-$27.0K
General & Administrative	$281M
SG&A Expenses	$281M
Other Expenses	$0
Operating Expenses	$381M
Cost & Expenses	$1.7B
OPERATING INCOME	$156M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$46M
INCOME BEFORE TAX	$111M
Income Tax Expense	$26M
Net Income from Continuing Ops	$85M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$85M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$85M
D&A	$76M
EBIT	$150M
EBITDA	$224M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$85M
Depreciation & Amortization	$76M
Stock-Based Compensation	$6M
Deferred Income Tax	$13M
Other Non-Cash Items	$31M
Change in Working Capital	-$94M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$82M
Acquisitions (Net)	-$261M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$18M
NET CASH FROM INVESTING	-$325M
Net Debt Issuance	$130M
Common Stock Repurchased	-$10M
Common Dividends Paid	$0
Other Financing Activities	$43.0K
NET CASH FROM FINANCING	$201M
FREE CASH FLOW	$36M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$81M
Short-Term Investments	$0
Net Receivables	$548M
Inventory	$484M
Other Current Assets	$74M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$482M
Goodwill	$698M
Intangible Assets	$220M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.6B
Account Payables	$125M
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$117M
TOTAL CURRENT LIABILITIES	$446M
Long-Term Debt	$815M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$77M
Other Non-Current Liabilities	$232M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$51M
Additional Paid-In Capital	$381M
Retained Earnings	$773M
Treasury Stock	-$48M
Accum. Other Comp. Income	-$81M
Other Equity	$189.0K
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$833M
Net Debt	$752M