PKE FY 2009 Earnings Report — Park Aerospace Corp. Revenue & Financial Results | Market Cap Arena

Park Aerospace Corp.PKE

FY 2009 Earnings

Reported May 15, 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	$200M	—	$242M	—	-17.3%
Op. Income	$12M	—	$35M	—	-65.0%
Gross Margin	21.7%	—	25.8%	—	-4.1pp
Net Margin	17.5%	—	14.3%	—	3.2pp
EPS (Diluted)	$1.71	—	$1.70	—	0.6%
Free Cash Flow	$21M	—	$37M	—	-42.7%

Revenue Flow

Item	Amount
REVENUE	$200M
Cost of Revenue	$157M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$0
Operating Expenses	$27M
Cost & Expenses	$184M
OPERATING INCOME	$12M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$19M
Income Tax Expense	$495.0K
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$16M
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$8M
EBIT	$16M
EBITDA	$27M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$200M
Cost of Revenue	$157M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$0
Operating Expenses	$27M
Cost & Expenses	$184M
OPERATING INCOME	$12M
Interest Income	$7M
Interest Expense	$0
Other Income/Expenses	$7M
INCOME BEFORE TAX	$19M
Income Tax Expense	$495.0K
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$16M
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$8M
EBIT	$16M
EBITDA	$27M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$8M
Stock-Based Compensation	$1M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$16M
Change in Working Capital	$11M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$12M
Acquisitions (Net)	-$5M
Purchases of Investments	-$296M
Sales/Maturities of Investments	$225M
Other Investing Activities	$16.0K
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$21M
Net Change in Cash	-$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$185M
Net Receivables	$22M
Inventory	$11M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$264M
PP&E (Net)	$49M
Goodwill	$4M
Intangible Assets	$112.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$64M
TOTAL ASSETS	$328M
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$24M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$32M
Common Stock	$2M
Additional Paid-In Capital	$147M
Retained Earnings	$145M
Treasury Stock	-$1.0K
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$296M
Minority Interest	$0
TOTAL EQUITY	$296M
TOTAL LIABILITIES & EQUITY	$328M
Total Debt	$0
Net Debt	-$41M