NVGS FY 2009 Earnings Report — Navigator Holdings Ltd. Revenue & Financial Results | Market Cap Arena

Navigator Holdings Ltd.NVGS

FY 2009 Earnings

Reported December 30, 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	$73M	—	$60M	—	21.5%
Op. Income	$29M	—	$19M	—	50.9%
Gross Margin	71.9%	—	70.4%	—	1.5pp
Net Margin	36.8%	—	3.7%	—	33.1pp
EPS (Diluted)	$0.86	—	$0.07	—	1073.3%
Free Cash Flow	-$96M	—	-$36M	—	-164.3%

Revenue Flow

Item	Amount
REVENUE	$73M
Cost of Revenue	$20M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$5M
SG&A Expenses	$7M
Other Expenses	$15M
Operating Expenses	$23M
Cost & Expenses	$43M
OPERATING INCOME	$29M
Interest Income	$103.8K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$27M
Income Tax Expense	$82.0K
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$15M
EBIT	$29M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$73M
Cost of Revenue	$20M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$5M
SG&A Expenses	$7M
Other Expenses	$15M
Operating Expenses	$23M
Cost & Expenses	$43M
OPERATING INCOME	$29M
Interest Income	$103.8K
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$27M
Income Tax Expense	$82.0K
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$15M
EBIT	$29M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$15M
Stock-Based Compensation	$2M
Deferred Income Tax	-$2M
Other Non-Cash Items	$2M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$138M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$124M
Net Debt Issuance	$80M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$80M
FREE CASH FLOW	-$96M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$2M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$17M
PP&E (Net)	$432M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$825.0K
TOTAL NON-CURRENT ASSETS	$433M
TOTAL ASSETS	$450M
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$901.7K
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$6M
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$110M
TOTAL LIABILITIES	$116M
Common Stock	$103.2K
Additional Paid-In Capital	$288M
Retained Earnings	$46M
Treasury Stock	$0
Accum. Other Comp. Income	-$131.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$334M
Minority Interest	$0
TOTAL EQUITY	$334M
TOTAL LIABILITIES & EQUITY	$450M
Total Debt	$110M
Net Debt	$99M