SENEA FY 2007 Earnings Report — Seneca Foods Corporation Revenue & Financial Results | Market Cap Arena

Seneca Foods CorporationSENEA

FY 2007 Earnings

Reported June 14, 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	$1.0B	—	$884M	—	16.0%
Op. Income	$61M	—	$52M	—	16.4%
Gross Margin	11.7%	—	9.9%	—	1.8pp
Net Margin	3.1%	—	2.5%	—	0.6pp
EPS (Diluted)	$2.63	—	$1.96	—	34.2%
Free Cash Flow	$49M	—	$20M	—	143.8%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$905M
GROSS PROFIT	$120M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$58M
Other Expenses	$713.0K
Operating Expenses	$59M
Cost & Expenses	$964M
OPERATING INCOME	$61M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$45M
Income Tax Expense	$13M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$23M
EBIT	$62M
EBITDA	$85M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$905M
GROSS PROFIT	$120M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$58M
Other Expenses	$713.0K
Operating Expenses	$59M
Cost & Expenses	$964M
OPERATING INCOME	$61M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$45M
Income Tax Expense	$13M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$23M
EBIT	$62M
EBITDA	$85M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$23M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	$340.0K
Change in Working Capital	$23M
OPERATING CASH FLOW	$70M
Capital Expenditure	-$22M
Acquisitions (Net)	-$21M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$32M
NET CASH FROM INVESTING	-$11M
Net Debt Issuance	-$58M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$825.0K
NET CASH FROM FINANCING	-$57M
FREE CASH FLOW	$49M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$56M
Inventory	$380M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$451M
PP&E (Net)	$172M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$175M
TOTAL ASSETS	$627M
Account Payables	$59M
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$357.0K
TOTAL CURRENT LIABILITIES	$117M
Long-Term Debt	$210M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$236M
TOTAL LIABILITIES	$353M
Common Stock	$3M
Additional Paid-In Capital	$28M
Retained Earnings	$174M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$274M
Minority Interest	$0
TOTAL EQUITY	$274M
TOTAL LIABILITIES & EQUITY	$627M
Total Debt	$220M
Net Debt	$212M