PPC FY 2007 Earnings Report — Pilgrim's Pride Corporation Revenue & Financial Results | Market Cap Arena

Pilgrim's Pride CorporationPPC

FY 2007 Earnings

Reported November 19, 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	$7.6B	—	$5.2B	—	45.1%
Op. Income	$233M	—	$3M	—	7646.1%
Gross Margin	7.8%	—	5.7%	—	2.1pp
Net Margin	0.6%	—	-0.7%	—	1.3pp
EPS (Diluted)	$0.71	—	$-0.51	—	239.2%
Free Cash Flow	$292M	—	-$114M	—	357.0%

Revenue Flow

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$7.0B
GROSS PROFIT	$592M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$359M
Other Expenses	$0
Operating Expenses	$359M
Cost & Expenses	$7.4B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$141M
INCOME BEFORE TAX	$92M
Income Tax Expense	$45M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$205M
EBIT	$233M
EBITDA	$437M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$7.0B
GROSS PROFIT	$592M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$359M
Other Expenses	$0
Operating Expenses	$359M
Cost & Expenses	$7.4B
OPERATING INCOME	$233M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$141M
INCOME BEFORE TAX	$92M
Income Tax Expense	$45M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$205M
EBIT	$233M
EBITDA	$437M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$205M
Stock-Based Compensation	$0
Deferred Income Tax	$84M
Other Non-Cash Items	$10M
Change in Working Capital	$119M
OPERATING CASH FLOW	$464M
Capital Expenditure	-$172M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$125M
Sales/Maturities of Investments	$209M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$652M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	$630M
FREE CASH FLOW	$292M
Net Change in Cash	-$90M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$8M
Net Receivables	$175M
Inventory	$925M
Other Current Assets	$125M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$1.8B
Goodwill	$505M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$185M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.8B
Account Payables	$399M
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$905M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$327M
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.6B
Common Stock	$665.0K
Additional Paid-In Capital	$470M
Retained Earnings	$688M
Treasury Stock	$0
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$1.3B
Net Debt	$1.3B