RES FY 2011 Earnings Report — RPC, Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.1B	—	65.1%
Op. Income	$482M	—	$239M	—	101.8%
Gross Margin	45.1%	—	44.7%	—	0.4pp
Net Margin	16.4%	—	13.4%	—	3.0pp
EPS (Diluted)	$1.35	—	$0.67	—	101.5%
Free Cash Flow	-$30M	—	-$19M	—	-61.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$993M
GROSS PROFIT	$817M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$151M
Other Expenses	$184M
Operating Expenses	$335M
Cost & Expenses	$1.3B
OPERATING INCOME	$482M
Interest Income	$18.0K
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$479M
Income Tax Expense	$182M
Net Income from Continuing Ops	$296M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$296M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$296M
D&A	$180M
EBIT	$482M
EBITDA	$662M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$993M
GROSS PROFIT	$817M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$151M
Other Expenses	$184M
Operating Expenses	$335M
Cost & Expenses	$1.3B
OPERATING INCOME	$482M
Interest Income	$18.0K
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$479M
Income Tax Expense	$182M
Net Income from Continuing Ops	$296M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$296M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$296M
D&A	$180M
EBIT	$482M
EBITDA	$662M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$296M
Depreciation & Amortization	$180M
Stock-Based Compensation	$8M
Deferred Income Tax	$77M
Other Non-Cash Items	$460.0K
Change in Working Capital	-$176M
OPERATING CASH FLOW	$386M
Capital Expenditure	-$416M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$25M
NET CASH FROM INVESTING	-$392M
Net Debt Issuance	$82M
Common Stock Repurchased	-$34M
Common Dividends Paid	-$47M
Other Financing Activities	$4M
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	-$30M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$7M
Short-Term Investments	$0
Net Receivables	$472M
Inventory	$100M
Other Current Assets	$38M
TOTAL CURRENT ASSETS	$627M
PP&E (Net)	$675M
Goodwill	$24M
Intangible Assets	$0
Long-Term Investments	-$7M
Tax Assets	$7M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$712M
TOTAL ASSETS	$1.3B
Account Payables	$123M
Short-Term Debt	$0
Deferred Revenue	-$203M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$179M
Long-Term Debt	$203M
Deferred Revenue NC	$33M
Deferred Tax Liabilities	$156M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$396M
TOTAL LIABILITIES	$576M
Common Stock	$15M
Additional Paid-In Capital	$0
Retained Earnings	$760M
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$763M
Minority Interest	$0
TOTAL EQUITY	$763M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$203M
Net Debt	$196M