PKE FY 2007 Earnings Report — Park Aerospace Corp. Revenue & Financial Results | Market Cap Arena

Park Aerospace Corp.PKE

FY 2007 Earnings

Reported May 10, 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	$257M	—	$222M	—	15.8%
Op. Income	$37M	—	$29M	—	30.9%
Gross Margin	24.9%	—	24.6%	—	0.3pp
Net Margin	15.5%	—	12.1%	—	3.4pp
EPS (Diluted)	$1.96	—	$1.33	—	47.4%
Free Cash Flow	$31M	—	$33M	—	-4.9%

Revenue Flow

Item	Amount
REVENUE	$257M
Cost of Revenue	$193M
GROSS PROFIT	$64M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$27M
Other Expenses	$0
Operating Expenses	$27M
Cost & Expenses	$220M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$44M
Income Tax Expense	$4M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$9M
EBIT	$37M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$257M
Cost of Revenue	$193M
GROSS PROFIT	$64M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$27M
Other Expenses	$0
Operating Expenses	$27M
Cost & Expenses	$220M
OPERATING INCOME	$37M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$44M
Income Tax Expense	$4M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$9M
EBIT	$37M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$9M
Stock-Based Compensation	$0
Deferred Income Tax	-$899.0K
Other Non-Cash Items	$329.0K
Change in Working Capital	-$12M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$124M
Sales/Maturities of Investments	$127M
Other Investing Activities	$896.0K
NET CASH FROM INVESTING	-$645.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$27M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$31M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$119M
Short-Term Investments	$90M
Net Receivables	$39M
Inventory	$15M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$266M
PP&E (Net)	$50M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$56M
TOTAL ASSETS	$322M
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$33M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$58M
Common Stock	$2M
Additional Paid-In Capital	$140M
Retained Earnings	$119M
Treasury Stock	-$2M
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$264M
Minority Interest	$0
TOTAL EQUITY	$264M
TOTAL LIABILITIES & EQUITY	$322M
Total Debt	$0
Net Debt	-$119M