PHG FY 2007 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

FY 2007 Earnings

Reported February 19, 2008

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	$31.4B	—	$31.6B	—	-0.5%
Op. Income	$2.2B	—	$1.4B	—	56.8%
Gross Margin	34.2%	—	30.8%	—	3.5pp
Net Margin	15.6%	—	20.0%	—	-4.4pp
EPS (Diluted)	$4.19	—	$5.00	—	-16.2%
Free Cash Flow	$688M	—	$59M	—	1057.9%

Revenue Flow

Item	Amount
REVENUE	$31.4B
Cost of Revenue	$20.7B
GROSS PROFIT	$10.8B
R&D Expenses	$1.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.8B
Other Expenses	$0
Operating Expenses	$8.6B
Cost & Expenses	$29.3B
OPERATING INCOME	$2.2B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3.1B
INCOME BEFORE TAX	$5.2B
Income Tax Expense	$729M
Net Income from Continuing Ops	$5.4B
Net Income from Discontinued Ops	$0
Other Adjustments	-$502M
NET INCOME	$4.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.9B
D&A	$998M
EBIT	$2.2B
EBITDA	$3.2B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$31.4B
Cost of Revenue	$20.7B
GROSS PROFIT	$10.8B
R&D Expenses	$1.9B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$6.8B
Other Expenses	$0
Operating Expenses	$8.6B
Cost & Expenses	$29.3B
OPERATING INCOME	$2.2B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$3.1B
INCOME BEFORE TAX	$5.2B
Income Tax Expense	$729M
Net Income from Continuing Ops	$5.4B
Net Income from Discontinued Ops	$0
Other Adjustments	-$502M
NET INCOME	$4.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.9B
D&A	$998M
EBIT	$2.2B
EBITDA	$3.2B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$4.9B
Depreciation & Amortization	$998M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$461M
Change in Working Capital	-$997M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$914M
Acquisitions (Net)	$182M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5.3B
NET CASH FROM INVESTING	$4.7B
Net Debt Issuance	-$330M
Common Stock Repurchased	-$1.7B
Common Dividends Paid	$0
Other Financing Activities	-$749M
NET CASH FROM FINANCING	-$2.8B
FREE CASH FLOW	$688M
Net Change in Cash	$3.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$10.3B
Short-Term Investments	$0
Net Receivables	$5.5B
Inventory	$3.8B
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$20.9B
PP&E (Net)	$3.7B
Goodwill	$4.8B
Intangible Assets	$2.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$10.6B
TOTAL NON-CURRENT ASSETS	$21.7B
TOTAL ASSETS	$42.6B
Account Payables	$3.6B
Short-Term Debt	$2.7B
Deferred Revenue	$3.5B
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4.4B
TOTAL NON-CURRENT LIABILITIES	$5.8B
TOTAL LIABILITIES	$17.1B
Common Stock	$267M
Additional Paid-In Capital	$0
Retained Earnings	$30.0B
Treasury Stock	-$2.6B
Accum. Other Comp. Income	-$2.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$25.4B
Minority Interest	$49M
TOTAL EQUITY	$25.5B
TOTAL LIABILITIES & EQUITY	$42.6B
Total Debt	$4.2B
Net Debt	-$6.1B