TD FY 2007 Earnings Report — The Toronto-Dominion Bank Revenue & Financial Results | Market Cap Arena

The Toronto-Dominion BankTD

FY 2007 Earnings

Reported November 29, 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	$18.1B	—	$16.2B	—	11.7%
Op. Income	$3.4B	—	$4.0B	—	-15.7%
Gross Margin	53.4%	—	56.8%	—	-3.4pp
Net Margin	16.1%	—	20.7%	—	-4.6pp
EPS (Diluted)	$2.00	—	$2.32	—	-13.6%
Free Cash Flow	$2.7B	—	-$5.0B	—	154.3%

Revenue Flow

Item	Amount
REVENUE	$18.1B
Cost of Revenue	$8.5B
GROSS PROFIT	$9.7B
R&D Expenses	$0
Selling & Marketing	$325M
General & Administrative	$3.4B
SG&A Expenses	$3.7B
Other Expenses	$2.6B
Operating Expenses	$6.3B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.4B
Interest Income	$13.0B
Interest Expense	$8.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$623M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$207M
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$629M
EBIT	$3.4B
EBITDA	$4.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$18.1B
Cost of Revenue	$8.5B
GROSS PROFIT	$9.7B
R&D Expenses	$0
Selling & Marketing	$325M
General & Administrative	$3.4B
SG&A Expenses	$3.7B
Other Expenses	$2.6B
Operating Expenses	$6.3B
Cost & Expenses	$14.7B
OPERATING INCOME	$3.4B
Interest Income	$13.0B
Interest Expense	$8.0B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.4B
Income Tax Expense	$623M
Net Income from Continuing Ops	$2.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$207M
NET INCOME	$2.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.9B
D&A	$629M
EBIT	$3.4B
EBITDA	$4.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.9B
Depreciation & Amortization	$629M
Stock-Based Compensation	$15M
Deferred Income Tax	-$88M
Other Non-Cash Items	$26M
Change in Working Capital	-$526M
OPERATING CASH FLOW	$3.0B
Capital Expenditure	-$235M
Acquisitions (Net)	-$3.0B
Purchases of Investments	-$70.8B
Sales/Maturities of Investments	$75.5B
Other Investing Activities	-$11.6B
NET CASH FROM INVESTING	-$10.1B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$512M
Common Dividends Paid	-$1.1B
Other Financing Activities	$6.7B
NET CASH FROM FINANCING	$7.1B
FREE CASH FLOW	$2.7B
Net Change in Cash	-$167M

Balance Sheet

Item	Amount
Cash & Equivalents	$12.1B
Short-Term Investments	$26.1B
Net Receivables	$9.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$47.6B
PP&E (Net)	$1.3B
Goodwill	$5.8B
Intangible Assets	$1.5B
Long-Term Investments	$166.9B
Tax Assets	$0
Other Non-Current Assets	$86.3B
TOTAL NON-CURRENT ASSETS	$260.9B
TOTAL ASSETS	$308.5B
Account Payables	$11.0B
Short-Term Debt	$12.1B
Deferred Revenue	$0
Other Current Liabilities	$219.7B
TOTAL CURRENT LIABILITIES	$243.4B
Long-Term Debt	$6.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42.5B
TOTAL NON-CURRENT LIABILITIES	$49.4B
TOTAL LIABILITIES	$292.8B
Common Stock	$4.8B
Additional Paid-In Capital	$87M
Retained Earnings	$11.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$1.2B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.6B
Minority Interest	$383M
TOTAL EQUITY	$16.0B
TOTAL LIABILITIES & EQUITY	$308.9B
Total Debt	$19.0B
Net Debt	$6.9B