SENEA FY 2011 Earnings Report — Seneca Foods Corporation Revenue & Financial Results | Market Cap Arena

Seneca Foods CorporationSENEA

FY 2011 Earnings

Reported May 26, 2011

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	$1.2B	—	$1.3B	—	-7.1%
Op. Income	$32M	—	$85M	—	-62.0%
Gross Margin	7.8%	—	11.7%	—	-3.9pp
Net Margin	1.5%	—	3.8%	—	-2.3pp
EPS (Diluted)	$1.45	—	$3.96	—	-63.4%
Free Cash Flow	-$3M	—	$17M	—	-114.5%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$1.1B
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$510.0K
Operating Expenses	$61M
Cost & Expenses	$1.2B
OPERATING INCOME	$32M
Interest Income	$1.0K
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$23M
Income Tax Expense	$6M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$17M
D&A	$23M
EBIT	$32M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$1.1B
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$510.0K
Operating Expenses	$61M
Cost & Expenses	$1.2B
OPERATING INCOME	$32M
Interest Income	$1.0K
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$23M
Income Tax Expense	$6M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$17M
D&A	$23M
EBIT	$32M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$23M
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	$18M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$19M
Acquisitions (Net)	-$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$39M
Net Debt Issuance	$19M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$469.0K
NET CASH FROM FINANCING	$19M
FREE CASH FLOW	-$3M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$5M
Short-Term Investments	$0
Net Receivables	$79M
Inventory	$455M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$556M
PP&E (Net)	$188M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$429.0K
TOTAL NON-CURRENT ASSETS	$188M
TOTAL ASSETS	$745M
Account Payables	$64M
Short-Term Debt	$143M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$262M
Long-Term Debt	$90M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$129M
TOTAL LIABILITIES	$391M
Common Stock	$4M
Additional Paid-In Capital	$91M
Retained Earnings	$267M
Treasury Stock	-$257.0K
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$354M
Minority Interest	$0
TOTAL EQUITY	$354M
TOTAL LIABILITIES & EQUITY	$745M
Total Debt	$233M
Net Debt	$228M