TEX FY 2006 Earnings Report — Terex Corporation Revenue & Financial Results | Market Cap Arena

Terex CorporationTEX

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	$7.6B	—	—	—	—
Op. Income	$710M	—	—	—	—
Gross Margin	18.9%	—	—	—	—
Net Margin	5.2%	—	—	—	—
EPS (Diluted)	$3.88	—	—	—	—
Free Cash Flow	$406M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$6.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$734M
Other Expenses	$0
Operating Expenses	$734M
Cost & Expenses	$6.9B
OPERATING INCOME	$710M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$95M
INCOME BEFORE TAX	$615M
Income Tax Expense	$218M
Net Income from Continuing Ops	$397M
Net Income from Discontinued Ops	$0
Other Adjustments	$4M
NET INCOME	$401M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$401M
D&A	$73M
EBIT	$710M
EBITDA	$783M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$7.6B
Cost of Revenue	$6.2B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$734M
Other Expenses	$0
Operating Expenses	$734M
Cost & Expenses	$6.9B
OPERATING INCOME	$710M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$95M
INCOME BEFORE TAX	$615M
Income Tax Expense	$218M
Net Income from Continuing Ops	$397M
Net Income from Discontinued Ops	$0
Other Adjustments	$4M
NET INCOME	$401M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$401M
D&A	$73M
EBIT	$710M
EBITDA	$783M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$400M
Depreciation & Amortization	$73M
Stock-Based Compensation	$44M
Deferred Income Tax	$66M
Other Non-Cash Items	-$6M
Change in Working Capital	-$92M
OPERATING CASH FLOW	$484M
Capital Expenditure	-$79M
Acquisitions (Net)	-$33M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$0
Other Investing Activities	$67M
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$373M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$13M
NET CASH FROM FINANCING	-$345M
FREE CASH FLOW	$406M
Net Change in Cash	$123M

Balance Sheet

Item	Amount
Cash & Equivalents	$677M
Short-Term Investments	$0
Net Receivables	$951M
Inventory	$1.5B
Other Current Assets	$304M
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$339M
Goodwill	$633M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$173M
Other Non-Current Assets	$209M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$4.8B
Account Payables	$1.0B
Short-Term Debt	$227M
Deferred Revenue	$277M
Other Current Liabilities	$597M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$536M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$472M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$3.0B
Common Stock	$1M
Additional Paid-In Capital	$924M
Retained Earnings	$707M
Treasury Stock	-$36M
Accum. Other Comp. Income	$155M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$763M
Net Debt	$86M