MOG-A FY 2010 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported December 1, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.8B	—	14.4%
Op. Income	$197M	—	$156M	—	25.9%
Gross Margin	29.0%	—	29.1%	—	-0.1pp
Net Margin	5.1%	—	4.6%	—	0.5pp
EPS (Diluted)	$2.36	—	$1.98	—	19.2%
Free Cash Flow	$129M	—	$36M	—	257.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$613M
R&D Expenses	$103M
Selling & Marketing	$8.0K
General & Administrative	$313M
SG&A Expenses	$313M
Other Expenses	$0
Operating Expenses	$416M
Cost & Expenses	$1.9B
OPERATING INCOME	$197M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$149M
Income Tax Expense	$41M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$91M
EBIT	$188M
EBITDA	$278M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.5B
GROSS PROFIT	$613M
R&D Expenses	$103M
Selling & Marketing	$8.0K
General & Administrative	$313M
SG&A Expenses	$313M
Other Expenses	$0
Operating Expenses	$416M
Cost & Expenses	$1.9B
OPERATING INCOME	$197M
Interest Income	$0
Interest Expense	$39M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$149M
Income Tax Expense	$41M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$91M
EBIT	$188M
EBITDA	$278M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$91M
Stock-Based Compensation	$5M
Deferred Income Tax	$11M
Other Non-Cash Items	$56M
Change in Working Capital	-$77M
OPERATING CASH FLOW	$195M
Capital Expenditure	-$66M
Acquisitions (Net)	-$30M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$98M
Net Debt Issuance	-$67M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	$6.0K
NET CASH FROM FINANCING	-$66M
FREE CASH FLOW	$129M
Net Change in Cash	$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$0
Net Receivables	$620M
Inventory	$461M
Other Current Assets	$99M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$487M
Goodwill	$705M
Intangible Assets	$206M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.7B
Account Payables	$154M
Short-Term Debt	$7M
Deferred Revenue	$75M
Other Current Liabilities	$144M
TOTAL CURRENT LIABILITIES	$479M
Long-Term Debt	$757M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$70M
Other Non-Current Liabilities	$285M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$51M
Additional Paid-In Capital	$389M
Retained Earnings	$881M
Treasury Stock	-$48M
Accum. Other Comp. Income	-$139M
Other Equity	-$13M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$765M
Net Debt	$652M