PKX FY 2007 Earnings Report — POSCO Holdings Inc. Revenue & Financial Results | Market Cap Arena

POSCO Holdings Inc.PKX

FY 2007 Earnings

Reported December 30, 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	$21.3B	—	$16.6B	—	28.3%
Op. Income	$3.3B	—	$2.8B	—	17.6%
Gross Margin	21.2%	—	23.0%	—	-1.8pp
Net Margin	11.3%	—	12.8%	—	-1.6pp
EPS (Diluted)	$7.91	—	$6.78	—	16.7%
Free Cash Flow	$1.8B	—	$41M	—	4257.4%

Revenue Flow

Item	Amount
REVENUE	$21.3B
Cost of Revenue	$16.8B
GROSS PROFIT	$4.5B
R&D Expenses	$36M
Selling & Marketing	$70M
General & Administrative	$1.0B
SG&A Expenses	$1.1B
Other Expenses	$71M
Operating Expenses	$1.2B
Cost & Expenses	$18.0B
OPERATING INCOME	$3.3B
Interest Income	$117M
Interest Expense	$164M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$861M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$81M
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.4B
EBIT	$3.3B
EBITDA	$4.8B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$21.3B
Cost of Revenue	$16.8B
GROSS PROFIT	$4.5B
R&D Expenses	$36M
Selling & Marketing	$70M
General & Administrative	$1.0B
SG&A Expenses	$1.1B
Other Expenses	$71M
Operating Expenses	$1.2B
Cost & Expenses	$18.0B
OPERATING INCOME	$3.3B
Interest Income	$117M
Interest Expense	$164M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$3.3B
Income Tax Expense	$861M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$81M
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.4B
D&A	$1.4B
EBIT	$3.3B
EBITDA	$4.8B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$2.5B
Depreciation & Amortization	$1.4B
Stock-Based Compensation	$0
Deferred Income Tax	-$14M
Other Non-Cash Items	$271M
Change in Working Capital	-$403M
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$2.0B
Acquisitions (Net)	$0
Purchases of Investments	-$8.2B
Sales/Maturities of Investments	$7.4B
Other Investing Activities	-$70M
NET CASH FROM INVESTING	-$2.9B
Net Debt Issuance	$461M
Common Stock Repurchased	-$872M
Common Dividends Paid	-$442M
Other Financing Activities	-$97M
NET CASH FROM FINANCING	-$676M
FREE CASH FLOW	$1.8B
Net Change in Cash	$241M

Balance Sheet

Item	Amount
Cash & Equivalents	$873M
Short-Term Investments	$1.0B
Net Receivables	$2.9B
Inventory	$3.3B
Other Current Assets	$1.5B
TOTAL CURRENT ASSETS	$9.7B
PP&E (Net)	$10.5B
Goodwill	$0
Intangible Assets	$386M
Long-Term Investments	$0
Tax Assets	$189M
Other Non-Current Assets	$3.7B
TOTAL NON-CURRENT ASSETS	$14.8B
TOTAL ASSETS	$24.5B
Account Payables	$1.5B
Short-Term Debt	$1.4B
Deferred Revenue	$199M
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$442M
Other Non-Current Liabilities	$386M
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$7.5B
Common Stock	$326M
Additional Paid-In Capital	$2.8B
Retained Earnings	$14.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$16.5B
Minority Interest	$428M
TOTAL EQUITY	$17.0B
TOTAL LIABILITIES & EQUITY	$24.5B
Total Debt	$3.6B
Net Debt	$2.7B