POST FY 2012 Earnings Report — Post Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Post Holdings, Inc.POST

FY 2012 Earnings

Reported December 13, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$959M	—	$968M	—	-1.0%
Op. Income	$161M	—	$221M	—	-27.1%
Gross Margin	43.6%	—	47.5%	—	-3.9pp
Net Margin	5.2%	—	-37.3%	—	42.5pp
EPS (Diluted)	$1.45	—	$-10.50	—	113.8%
Free Cash Flow	$104M	—	$129M	—	-19.2%

Revenue Flow

Item	Amount
REVENUE	$959M
Cost of Revenue	$541M
GROSS PROFIT	$418M
R&D Expenses	$8M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$246M
Other Expenses	-$3M
Operating Expenses	$257M
Cost & Expenses	$798M
OPERATING INCOME	$161M
Interest Income	$0
Interest Expense	$60M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$80M
Income Tax Expense	$31M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$63M
EBIT	$141M
EBITDA	$204M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$959M
Cost of Revenue	$541M
GROSS PROFIT	$418M
R&D Expenses	$8M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$246M
Other Expenses	-$3M
Operating Expenses	$257M
Cost & Expenses	$798M
OPERATING INCOME	$161M
Interest Income	$0
Interest Expense	$60M
Other Income/Expenses	-$81M
INCOME BEFORE TAX	$80M
Income Tax Expense	$31M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$63M
EBIT	$141M
EBITDA	$204M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$63M
Stock-Based Compensation	$5M
Deferred Income Tax	-$3M
Other Non-Cash Items	$4M
Change in Working Capital	$25M
OPERATING CASH FLOW	$135M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	$36M
Common Stock Repurchased	-$53M
Common Dividends Paid	$0
Other Financing Activities	-$39M
NET CASH FROM FINANCING	-$57M
FREE CASH FLOW	$104M
Net Change in Cash	$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$57M
Inventory	$79M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$210M
PP&E (Net)	$405M
Goodwill	$1.4B
Intangible Assets	$736M
Long-Term Investments	-$1M
Tax Assets	$1M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.7B
Account Payables	$31M
Short-Term Debt	$15M
Deferred Revenue	$10M
Other Current Liabilities	$46M
TOTAL CURRENT LIABILITIES	$126M
Long-Term Debt	$930M
Deferred Revenue NC	$125M
Deferred Tax Liabilities	$315M
Other Non-Current Liabilities	$129M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$1.5B
Common Stock	$300.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$37M
Treasury Stock	-$53M
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$946M
Net Debt	$887M