TD FY 2010 Earnings Report — The Toronto-Dominion Bank Revenue & Financial Results | Market Cap Arena

The Toronto-Dominion BankTD

FY 2010 Earnings

Reported December 2, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$18.4B	—	$18.6B	—	-1.4%
Op. Income	$4.2B	—	$2.3B	—	82.3%
Gross Margin	70.3%	—	60.6%	—	9.7pp
Net Margin	18.5%	—	12.3%	—	6.2pp
EPS (Diluted)	$1.86	—	$1.27	—	46.6%
Free Cash Flow	$1.7B	—	$17.4B	—	-90.3%

Revenue Flow

Item	Amount
REVENUE	$18.4B
Cost of Revenue	$5.5B
GROSS PROFIT	$12.9B
R&D Expenses	$0
Selling & Marketing	$435M
General & Administrative	$4.4B
SG&A Expenses	$4.8B
Other Expenses	$3.9B
Operating Expenses	$8.7B
Cost & Expenses	$14.1B
OPERATING INCOME	$4.2B
Interest Income	$12.7B
Interest Expense	$4.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$922M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$172M
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$872M
EBIT	$4.2B
EBITDA	$5.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$18.4B
Cost of Revenue	$5.5B
GROSS PROFIT	$12.9B
R&D Expenses	$0
Selling & Marketing	$435M
General & Administrative	$4.4B
SG&A Expenses	$4.8B
Other Expenses	$3.9B
Operating Expenses	$8.7B
Cost & Expenses	$14.1B
OPERATING INCOME	$4.2B
Interest Income	$12.7B
Interest Expense	$4.3B
Other Income/Expenses	$0
INCOME BEFORE TAX	$4.2B
Income Tax Expense	$922M
Net Income from Continuing Ops	$3.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$172M
NET INCOME	$3.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.3B
D&A	$872M
EBIT	$4.2B
EBITDA	$5.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$3.4B
Depreciation & Amortization	$872M
Stock-Based Compensation	$0
Deferred Income Tax	$72M
Other Non-Cash Items	$819M
Change in Working Capital	-$2.9B
OPERATING CASH FLOW	$2.3B
Capital Expenditure	-$563M
Acquisitions (Net)	$1.5B
Purchases of Investments	-$59.0B
Sales/Maturities of Investments	$46.9B
Other Investing Activities	-$20.0B
NET CASH FROM INVESTING	-$31.1B
Net Debt Issuance	$90M
Common Stock Repurchased	-$2.3B
Common Dividends Paid	-$1.3B
Other Financing Activities	$30.4B
NET CASH FROM FINANCING	$29.1B
FREE CASH FLOW	$1.7B
Net Change in Cash	$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$16.1B
Short-Term Investments	$63.3B
Net Receivables	$11.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$90.9B
PP&E (Net)	$3.1B
Goodwill	$9.0B
Intangible Assets	$1.3B
Long-Term Investments	$297.0B
Tax Assets	$764M
Other Non-Current Assets	$87.3B
TOTAL NON-CURRENT ASSETS	$396.8B
TOTAL ASSETS	$487.7B
Account Payables	$9.4B
Short-Term Debt	$16.2B
Deferred Revenue	$0
Other Current Liabilities	$330.0B
TOTAL CURRENT LIABILITIES	$356.9B
Long-Term Debt	$45.7B
Deferred Revenue NC	$5.7B
Deferred Tax Liabilities	$563M
Other Non-Current Liabilities	$49.7B
TOTAL NON-CURRENT LIABILITIES	$101.7B
TOTAL LIABILITIES	$458.6B
Common Stock	$11.5B
Additional Paid-In Capital	$172M
Retained Earnings	$10.8B
Treasury Stock	-$67M
Accum. Other Comp. Income	$3.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.0B
Minority Interest	$1.1B
TOTAL EQUITY	$29.1B
TOTAL LIABILITIES & EQUITY	$487.7B
Total Debt	$62.0B
Net Debt	$45.8B