TAP FY 2006 Earnings Report — Molson Coors Beverage Company Revenue & Financial Results | Market Cap Arena

Molson Coors Beverage CompanyTAP

FY 2006 Earnings

Reported February 28, 2007

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	$5.8B	—	—	—	—
Op. Income	$581M	—	—	—	—
Gross Margin	40.4%	—	—	—	—
Net Margin	6.2%	—	—	—	—
EPS (Diluted)	$2.08	—	—	—	—
Free Cash Flow	$387M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$3.5B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$77M
Operating Expenses	$1.8B
Cost & Expenses	$5.3B
OPERATING INCOME	$581M
Interest Income	$16M
Interest Expense	$143M
Other Income/Expenses	-$109M
INCOME BEFORE TAX	$472M
Income Tax Expense	$82M
Net Income from Continuing Ops	$390M
Net Income from Discontinued Ops	$0
Other Adjustments	-$13M
NET INCOME	$361M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$438M
EBIT	$615M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$3.5B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$77M
Operating Expenses	$1.8B
Cost & Expenses	$5.3B
OPERATING INCOME	$581M
Interest Income	$16M
Interest Expense	$143M
Other Income/Expenses	-$109M
INCOME BEFORE TAX	$472M
Income Tax Expense	$82M
Net Income from Continuing Ops	$390M
Net Income from Discontinued Ops	$0
Other Adjustments	-$13M
NET INCOME	$361M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$438M
EBIT	$615M
EBITDA	$1.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$361M
Depreciation & Amortization	$438M
Stock-Based Compensation	$22M
Deferred Income Tax	$1M
Other Non-Cash Items	$12M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$833M
Capital Expenditure	-$446M
Acquisitions (Net)	$79M
Purchases of Investments	-$28M
Sales/Maturities of Investments	$34M
Other Investing Activities	$66M
NET CASH FROM INVESTING	-$295M
Net Debt Issuance	-$363M
Common Stock Repurchased	$0
Common Dividends Paid	-$111M
Other Financing Activities	-$11M
NET CASH FROM FINANCING	-$401M
FREE CASH FLOW	$387M
Net Change in Cash	$143M

Balance Sheet

Item	Amount
Cash & Equivalents	$182M
Short-Term Investments	$0
Net Receivables	$829M
Inventory	$352M
Other Current Assets	$84M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$2.4B
Goodwill	$3.0B
Intangible Assets	$4.4B
Long-Term Investments	$0
Tax Assets	$131M
Other Non-Current Assets	$228M
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$11.6B
Account Payables	$388M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$306M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$607M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$5.7B
Common Stock	$679.0K
Additional Paid-In Capital	$2.4B
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$317M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.8B
Minority Interest	$47M
TOTAL EQUITY	$5.9B
TOTAL LIABILITIES & EQUITY	$11.6B
Total Debt	$2.1B
Net Debt	$2.0B