SENEA FY 2012 Earnings Report — Seneca Foods Corporation Revenue & Financial Results | Market Cap Arena

Seneca Foods CorporationSENEA

FY 2012 Earnings

Reported June 8, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	5.7%
Op. Income	$26M	—	$32M	—	-20.7%
Gross Margin	7.4%	—	7.8%	—	-0.5pp
Net Margin	0.9%	—	1.5%	—	-0.6pp
EPS (Diluted)	$0.92	—	$1.45	—	-36.6%
Free Cash Flow	$14M	—	-$3M	—	676.2%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	-$775.0K
Operating Expenses	$67M
Cost & Expenses	$1.2B
OPERATING INCOME	$26M
Interest Income	$707.0K
Interest Expense	$9M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$18M
Income Tax Expense	$6M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$11M
D&A	$23M
EBIT	$26M
EBITDA	$49M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.2B
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$68M
Other Expenses	-$775.0K
Operating Expenses	$67M
Cost & Expenses	$1.2B
OPERATING INCOME	$26M
Interest Income	$707.0K
Interest Expense	$9M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$18M
Income Tax Expense	$6M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$11M
D&A	$23M
EBIT	$26M
EBITDA	$49M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$23M
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	$11M
Change in Working Capital	$7M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	-$10M
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	$2M
Common Stock Repurchased	-$1M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$841.0K
FREE CASH FLOW	$14M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$87M
Inventory	$432M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$543M
PP&E (Net)	$193M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$403.0K
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$195M
TOTAL ASSETS	$738M
Account Payables	$61M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$118M
Long-Term Debt	$227M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$265M
TOTAL LIABILITIES	$383M
Common Stock	$3M
Additional Paid-In Capital	$92M
Retained Earnings	$278M
Treasury Stock	-$1M
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$355M
Minority Interest	$0
TOTAL EQUITY	$355M
TOTAL LIABILITIES & EQUITY	$738M
Total Debt	$234M
Net Debt	$225M