MOG-A FY 2011 Earnings Report — Moog Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported November 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$2.3B	—	$2.1B	—	10.2%
Op. Income	$220M	—	$197M	—	12.0%
Gross Margin	29.2%	—	29.0%	—	0.2pp
Net Margin	5.8%	—	5.1%	—	0.7pp
EPS (Diluted)	$2.95	—	$2.36	—	25.0%
Free Cash Flow	$112M	—	$129M	—	-13.0%

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.7B
GROSS PROFIT	$679M
R&D Expenses	$106M
Selling & Marketing	-$36.0K
General & Administrative	$354M
SG&A Expenses	$354M
Other Expenses	$0
Operating Expenses	$460M
Cost & Expenses	$2.1B
OPERATING INCOME	$220M
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$184M
Income Tax Expense	$48M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$96M
EBIT	$219M
EBITDA	$315M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.7B
GROSS PROFIT	$679M
R&D Expenses	$106M
Selling & Marketing	-$36.0K
General & Administrative	$354M
SG&A Expenses	$354M
Other Expenses	$0
Operating Expenses	$460M
Cost & Expenses	$2.1B
OPERATING INCOME	$220M
Interest Income	$0
Interest Expense	$36M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$184M
Income Tax Expense	$48M
Net Income from Continuing Ops	$136M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$136M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$136M
D&A	$96M
EBIT	$219M
EBITDA	$315M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$136M
Depreciation & Amortization	$96M
Stock-Based Compensation	$7M
Deferred Income Tax	$3M
Other Non-Cash Items	$73M
Change in Working Capital	-$119M
OPERATING CASH FLOW	$196M
Capital Expenditure	-$84M
Acquisitions (Net)	-$38M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$298.0K
NET CASH FROM INVESTING	-$121M
Net Debt Issuance	-$41M
Common Stock Repurchased	-$30M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$73M
FREE CASH FLOW	$112M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$114M
Short-Term Investments	$0
Net Receivables	$656M
Inventory	$502M
Other Current Assets	$109M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$504M
Goodwill	$735M
Intangible Assets	$198M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.8B
Account Payables	$166M
Short-Term Debt	$11M
Deferred Revenue	$97M
Other Current Liabilities	$167M
TOTAL CURRENT LIABILITIES	$546M
Long-Term Debt	$715M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$57M
Other Non-Current Liabilities	$333M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.7B
Common Stock	$51M
Additional Paid-In Capital	$412M
Retained Earnings	$1.0B
Treasury Stock	-$74M
Accum. Other Comp. Income	-$201M
Other Equity	-$13M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$725M
Net Debt	$612M