RY FY 2008 Earnings Report — Royal Bank of Canada Revenue & Financial Results | Market Cap Arena

Royal Bank of CanadaRY

FY 2008 Earnings

Reported October 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$27.5B	—	$30.0B	—	-8.3%
Op. Income	$4.3B	—	$5.1B	—	-15.7%
Gross Margin	53.2%	—	52.1%	—	1.1pp
Net Margin	12.1%	—	13.4%	—	-1.3pp
EPS (Diluted)	$2.47	—	$3.06	—	-19.3%
Free Cash Flow	$7.4B	—	$15.9B	—	-53.3%

Revenue Flow

Item	Amount
REVENUE	$27.5B
Cost of Revenue	$12.9B
GROSS PROFIT	$14.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.9B
SG&A Expenses	$6.9B
Other Expenses	$3.4B
Operating Expenses	$10.3B
Cost & Expenses	$23.1B
OPERATING INCOME	$4.3B
Interest Income	$18.5B
Interest Expense	$11.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$59M
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$493M
EBIT	$4.3B
EBITDA	$4.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$27.5B
Cost of Revenue	$12.9B
GROSS PROFIT	$14.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$6.9B
SG&A Expenses	$6.9B
Other Expenses	$3.4B
Operating Expenses	$10.3B
Cost & Expenses	$23.1B
OPERATING INCOME	$4.3B
Interest Income	$18.5B
Interest Expense	$11.7B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.3B
Income Tax Expense	$1.0B
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$59M
NET INCOME	$3.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$493M
EBIT	$4.3B
EBITDA	$4.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.3B
Depreciation & Amortization	$493M
Stock-Based Compensation	$0
Deferred Income Tax	-$332M
Other Non-Cash Items	-$2.1B
Change in Working Capital	$7.0B
OPERATING CASH FLOW	$8.4B
Capital Expenditure	-$925M
Acquisitions (Net)	-$712M
Purchases of Investments	-$18.2B
Sales/Maturities of Investments	$31.7B
Other Investing Activities	-$44.5B
NET CASH FROM INVESTING	-$32.7B
Net Debt Issuance	-$14.8B
Common Stock Repurchased	-$315M
Common Dividends Paid	-$2.0B
Other Financing Activities	$45.1B
NET CASH FROM FINANCING	$28.7B
FREE CASH FLOW	$7.4B
Net Change in Cash	$5.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$22.8B
Short-Term Investments	$52.5B
Net Receivables	$10.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$85.9B
PP&E (Net)	$1.8B
Goodwill	$7.3B
Intangible Assets	$917M
Long-Term Investments	$296.8B
Tax Assets	$0
Other Non-Current Assets	$137.8B
TOTAL NON-CURRENT ASSETS	$443.6B
TOTAL ASSETS	$529.4B
Account Payables	$2.1B
Short-Term Debt	$47.5B
Deferred Revenue	$0
Other Current Liabilities	$340.9B
TOTAL CURRENT LIABILITIES	$393.4B
Long-Term Debt	$5.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$105.9B
TOTAL NON-CURRENT LIABILITIES	$111.8B
TOTAL LIABILITIES	$505.2B
Common Stock	$7.6B
Additional Paid-In Capital	$7.8B
Retained Earnings	$14.6B
Treasury Stock	-$80M
Accum. Other Comp. Income	-$1.7B
Other Equity	-$7.6B
TOTAL STOCKHOLDERS' EQUITY	$22.5B
Minority Interest	$1.7B
TOTAL EQUITY	$24.2B
TOTAL LIABILITIES & EQUITY	$529.4B
Total Debt	$53.5B
Net Debt	$30.7B