PKE FY 2010 Earnings Report — Park Aerospace Corp. Revenue & Financial Results | Market Cap Arena

Park Aerospace Corp.PKE

FY 2010 Earnings

Reported May 14, 2010

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	$176M	—	$200M	—	-12.2%
Op. Income	$27M	—	$12M	—	119.4%
Gross Margin	29.4%	—	21.7%	—	7.7pp
Net Margin	14.4%	—	17.5%	—	-3.1pp
EPS (Diluted)	$1.23	—	$1.71	—	-28.1%
Free Cash Flow	$19M	—	$21M	—	-9.2%

Revenue Flow

Item	Amount
REVENUE	$176M
Cost of Revenue	$124M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$149M
OPERATING INCOME	$27M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$28M
Income Tax Expense	$3M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$7M
EBIT	$27M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$176M
Cost of Revenue	$124M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$24M
Cost & Expenses	$149M
OPERATING INCOME	$27M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$1M
INCOME BEFORE TAX	$28M
Income Tax Expense	$3M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$7M
EBIT	$27M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$7M
Stock-Based Compensation	$1M
Deferred Income Tax	-$2M
Other Non-Cash Items	$193.0K
Change in Working Capital	-$9M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$3M
Acquisitions (Net)	-$1M
Purchases of Investments	-$153M
Sales/Maturities of Investments	$234M
Other Investing Activities	$69.0K
NET CASH FROM INVESTING	$76M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$19M
Net Change in Cash	$93M

Balance Sheet

Item	Amount
Cash & Equivalents	$134M
Short-Term Investments	$104M
Net Receivables	$32M
Inventory	$12M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$283M
PP&E (Net)	$45M
Goodwill	$5M
Intangible Assets	$106.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$60M
TOTAL ASSETS	$343M
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$22M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$27M
Common Stock	$2M
Additional Paid-In Capital	$149M
Retained Earnings	$163M
Treasury Stock	-$1.0K
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$316M
Minority Interest	$0
TOTAL EQUITY	$316M
TOTAL LIABILITIES & EQUITY	$343M
Total Debt	$0
Net Debt	-$134M