TECK FY 2009 Earnings Report — Teck Resources Limited Revenue & Financial Results | Market Cap Arena

Teck Resources LimitedTECK

FY 2009 Earnings

Reported March 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$5.6B	—	—	—	—
Op. Income	$1.8B	—	—	—	—
Gross Margin	35.6%	—	—	—	—
Net Margin	23.9%	—	—	—	—
EPS (Diluted)	$2.40	—	—	—	—
Free Cash Flow	$1.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.6B
GROSS PROFIT	$2.0B
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$138M
Other Expenses	$24M
Operating Expenses	$173M
Cost & Expenses	$3.8B
OPERATING INCOME	$1.8B
Interest Income	$6M
Interest Expense	$602M
Other Income/Expenses	$104M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$508M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$59M
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$679M
EBIT	$2.4B
EBITDA	$3.1B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.6B
Cost of Revenue	$3.6B
GROSS PROFIT	$2.0B
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$138M
Other Expenses	$24M
Operating Expenses	$173M
Cost & Expenses	$3.8B
OPERATING INCOME	$1.8B
Interest Income	$6M
Interest Expense	$602M
Other Income/Expenses	$104M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$508M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$59M
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$679M
EBIT	$2.4B
EBITDA	$3.1B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$679M
Stock-Based Compensation	$0
Deferred Income Tax	$135M
Other Non-Cash Items	-$493M
Change in Working Capital	$519M
OPERATING CASH FLOW	$2.2B
Capital Expenditure	-$432M
Acquisitions (Net)	$0
Purchases of Investments	-$272M
Sales/Maturities of Investments	$287M
Other Investing Activities	$169M
NET CASH FROM INVESTING	-$248M
Net Debt Issuance	-$2.7B
Common Stock Repurchased	$0
Common Dividends Paid	-$50M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$1.8B
Net Change in Cash	$350M

Balance Sheet

Item	Amount
Cash & Equivalents	$972M
Short-Term Investments	$0
Net Receivables	$711M
Inventory	$1.0B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$16.4B
Goodwill	$1.2B
Intangible Assets	$0
Long-Term Investments	$916M
Tax Assets	$0
Other Non-Current Assets	$627M
TOTAL NON-CURRENT ASSETS	$19.2B
TOTAL ASSETS	$21.8B
Account Payables	$908M
Short-Term Debt	$820M
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$5.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3.7B
Other Non-Current Liabilities	$753M
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$11.2B
Common Stock	$0
Additional Paid-In Capital	$5.0B
Retained Earnings	$5.3B
Treasury Stock	$0
Accum. Other Comp. Income	$249M
Other Equity	-$2M
TOTAL STOCKHOLDERS' EQUITY	$10.6B
Minority Interest	$67M
TOTAL EQUITY	$10.7B
TOTAL LIABILITIES & EQUITY	$21.8B
Total Debt	$5.9B
Net Debt	$4.9B