SKM FY 2006 Earnings Report — SK Telecom Co.,Ltd Revenue & Financial Results | Market Cap Arena

SK Telecom Co.,LtdSKM

FY 2006 Earnings

Reported December 31, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$7.1B	—	—	—	—
Op. Income	$1.7B	—	—	—	—
Gross Margin	80.1%	—	—	—	—
Net Margin	13.2%	—	—	—	—
EPS (Diluted)	$2.30	—	—	—	—
Free Cash Flow	$1.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$5.7B
R&D Expenses	$136M
Selling & Marketing	$198M
General & Administrative	$2.7B
SG&A Expenses	$2.9B
Other Expenses	$1.0B
Operating Expenses	$4.0B
Cost & Expenses	$5.4B
OPERATING INCOME	$1.7B
Interest Income	$53M
Interest Expense	$159M
Other Income/Expenses	-$386M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$368M
Net Income from Continuing Ops	$933M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$935M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$935M
D&A	$1.1B
EBIT	$1.7B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$5.7B
R&D Expenses	$136M
Selling & Marketing	$198M
General & Administrative	$2.7B
SG&A Expenses	$2.9B
Other Expenses	$1.0B
Operating Expenses	$4.0B
Cost & Expenses	$5.4B
OPERATING INCOME	$1.7B
Interest Income	$53M
Interest Expense	$159M
Other Income/Expenses	-$386M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$368M
Net Income from Continuing Ops	$933M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$935M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$935M
D&A	$1.1B
EBIT	$1.7B
EBITDA	$2.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$935M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	-$49M
Other Non-Cash Items	$103M
Change in Working Capital	$100M
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$1.0B
Acquisitions (Net)	$25M
Purchases of Investments	-$909M
Sales/Maturities of Investments	$349M
Other Investing Activities	-$85M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	-$48M
Common Stock Repurchased	-$135M
Common Dividends Paid	-$447M
Other Financing Activities	-$33M
NET CASH FROM FINANCING	-$613M
FREE CASH FLOW	$1.3B
Net Change in Cash	$69M

Balance Sheet

Item	Amount
Cash & Equivalents	$313M
Short-Term Investments	$492M
Net Receivables	$2.0B
Inventory	$13M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$2.9B
Goodwill	$1.1B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$2.3B
TOTAL NON-CURRENT ASSETS	$7.5B
TOTAL ASSETS	$10.5B
Account Payables	$787M
Short-Term Debt	$551M
Deferred Revenue	$241M
Other Current Liabilities	$487M
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$1.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$343M
Other Non-Current Liabilities	$467M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$4.4B
Common Stock	$29M
Additional Paid-In Capital	$1.9B
Retained Earnings	$5.1B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	$313M
Other Equity	$353M
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$110M
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$10.5B
Total Debt	$2.0B
Net Debt	$1.7B