PHG FY 2010 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

FY 2010 Earnings

Reported February 18, 2011

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	$29.8B	—	$27.2B	—	9.6%
Op. Income	$2.4B	—	$719M	—	236.3%
Gross Margin	37.6%	—	34.8%	—	2.7pp
Net Margin	5.7%	—	1.8%	—	3.9pp
EPS (Diluted)	$1.69	—	$0.48	—	251.2%
Free Cash Flow	$1.4B	—	$1.1B	—	30.2%

Revenue Flow

Item	Amount
REVENUE	$29.8B
Cost of Revenue	$18.6B
GROSS PROFIT	$11.2B
R&D Expenses	$1.8B
Selling & Marketing	$6.1B
General & Administrative	$861M
SG&A Expenses	$7.0B
Other Expenses	$0
Operating Expenses	$8.8B
Cost & Expenses	$27.3B
OPERATING INCOME	$2.4B
Interest Income	$251M
Interest Expense	$393M
Other Income/Expenses	-$153M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$596M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	-$30M
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.7B
EBIT	$2.7B
EBITDA	$4.3B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$29.8B
Cost of Revenue	$18.6B
GROSS PROFIT	$11.2B
R&D Expenses	$1.8B
Selling & Marketing	$6.1B
General & Administrative	$861M
SG&A Expenses	$7.0B
Other Expenses	$0
Operating Expenses	$8.8B
Cost & Expenses	$27.3B
OPERATING INCOME	$2.4B
Interest Income	$251M
Interest Expense	$393M
Other Income/Expenses	-$153M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$596M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	-$30M
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.7B
EBIT	$2.7B
EBITDA	$4.3B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$341M
Change in Working Capital	-$596M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$1.1B
Acquisitions (Net)	-$124M
Purchases of Investments	-$48M
Sales/Maturities of Investments	$314M
Other Investing Activities	$151M
NET CASH FROM INVESTING	-$822M
Net Debt Issuance	$157M
Common Stock Repurchased	$0
Common Dividends Paid	-$347M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$112M
FREE CASH FLOW	$1.4B
Net Change in Cash	$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.8B
Short-Term Investments	$0
Net Receivables	$5.2B
Inventory	$4.5B
Other Current Assets	$544M
TOTAL CURRENT ASSETS	$17.1B
PP&E (Net)	$3.8B
Goodwill	$9.4B
Intangible Assets	$4.9B
Long-Term Investments	$212M
Tax Assets	$1.6B
Other Non-Current Assets	$752M
TOTAL NON-CURRENT ASSETS	$20.7B
TOTAL ASSETS	$37.8B
Account Payables	$4.3B
Short-Term Debt	$2.2B
Deferred Revenue	$4.6B
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$12.6B
Long-Term Debt	$3.3B
Deferred Revenue NC	$2.0B
Deferred Tax Liabilities	$200M
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$7.5B
TOTAL LIABILITIES	$20.1B
Common Stock	$231M
Additional Paid-In Capital	$415M
Retained Earnings	$18.1B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	$0
Other Equity	$18.2B
TOTAL STOCKHOLDERS' EQUITY	$17.6B
Minority Interest	$54M
TOTAL EQUITY	$17.7B
TOTAL LIABILITIES & EQUITY	$37.8B
Total Debt	$5.5B
Net Debt	-$1.4B