NE FY 2007 Earnings Report — Noble Corporation Plc Revenue & Financial Results | Market Cap Arena

Noble Corporation PlcNE

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.1B	—	42.6%
Op. Income	$1.5B	—	$922M	—	63.0%
Gross Margin	62.3%	—	57.9%	—	4.4pp
Net Margin	40.3%	—	34.8%	—	5.4pp
EPS (Diluted)	$4.48	—	$5.33	—	-15.9%
Free Cash Flow	$127M	—	-$133M	—	195.5%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$86M
Other Expenses	$0
Operating Expenses	$86M
Cost & Expenses	$1.5B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$283M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$293M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$1.1B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$86M
Other Expenses	$0
Operating Expenses	$86M
Cost & Expenses	$1.5B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$1.5B
Income Tax Expense	$283M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$293M
EBIT	$1.5B
EBITDA	$1.8B
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$293M
Stock-Based Compensation	$0
Deferred Income Tax	$21M
Other Non-Cash Items	$43M
Change in Working Capital	-$148M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$1.3B
Acquisitions (Net)	$10M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$53M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$90M
Common Stock Repurchased	-$196M
Common Dividends Paid	-$32M
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$91M
FREE CASH FLOW	$127M
Net Change in Cash	$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$161M
Short-Term Investments	$0
Net Receivables	$652M
Inventory	$4M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$860M
PP&E (Net)	$4.8B
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$220M
TOTAL NON-CURRENT ASSETS	$5.0B
TOTAL ASSETS	$5.9B
Account Payables	$198M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$284M
TOTAL CURRENT LIABILITIES	$493M
Long-Term Debt	$774M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$241M
Other Non-Current Liabilities	$66M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.6B
Common Stock	$27M
Additional Paid-In Capital	$0
Retained Earnings	$3.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$684M
TOTAL STOCKHOLDERS' EQUITY	$4.3B
Minority Interest	$0
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$785M
Net Debt	$623M