TK FY 2006 Earnings Report — Teekay Corporation Revenue & Financial Results | Market Cap Arena

Teekay CorporationTK

FY 2006 Earnings

Reported April 19, 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	$2.0B	—	—	—	—
Op. Income	$422M	—	—	—	—
Gross Margin	41.3%	—	—	—	—
Net Margin	13.0%	—	—	—	—
EPS (Diluted)	$3.49	—	—	—	—
Free Cash Flow	$90M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$831M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$178M
SG&A Expenses	$178M
Other Expenses	$634M
Operating Expenses	$812M
Cost & Expenses	$1.6B
OPERATING INCOME	$422M
Interest Income	$56M
Interest Expense	$172M
Other Income/Expenses	-$160M
INCOME BEFORE TAX	$262M
Income Tax Expense	$47M
Net Income from Continuing Ops	$263M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$262M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$262M
D&A	$224M
EBIT	$431M
EBITDA	$655M
EPS	$4
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.2B
GROSS PROFIT	$831M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$178M
SG&A Expenses	$178M
Other Expenses	$634M
Operating Expenses	$812M
Cost & Expenses	$1.6B
OPERATING INCOME	$422M
Interest Income	$56M
Interest Expense	$172M
Other Income/Expenses	-$160M
INCOME BEFORE TAX	$262M
Income Tax Expense	$47M
Net Income from Continuing Ops	$263M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$262M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$262M
D&A	$224M
EBIT	$431M
EBITDA	$655M
EPS	$4
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$262M
Depreciation & Amortization	$224M
Stock-Based Compensation	$9M
Deferred Income Tax	-$42M
Other Non-Cash Items	$42M
Change in Working Capital	$50M
OPERATING CASH FLOW	$546M
Capital Expenditure	-$456M
Acquisitions (Net)	$327M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$19M
Other Investing Activities	-$502M
NET CASH FROM INVESTING	-$622M
Net Debt Issuance	$657M
Common Stock Repurchased	-$233M
Common Dividends Paid	-$63M
Other Financing Activities	-$192M
NET CASH FROM FINANCING	$184M
FREE CASH FLOW	$90M
Net Change in Cash	$107M

Balance Sheet

Item	Amount
Cash & Equivalents	$344M
Short-Term Investments	$0
Net Receivables	$192M
Inventory	$0
Other Current Assets	$133M
TOTAL CURRENT ASSETS	$747M
PP&E (Net)	$5.3B
Goodwill	$267M
Intangible Assets	$281M
Long-Term Investments	$211M
Tax Assets	$0
Other Non-Current Assets	$903M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$7.7B
Account Payables	$70M
Short-Term Debt	$218M
Deferred Revenue	$0
Other Current Liabilities	$94M
TOTAL CURRENT LIABILITIES	$776M
Long-Term Debt	$2.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$72M
Other Non-Current Liabilities	$535M
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$4.7B
Common Stock	$589M
Additional Paid-In Capital	$8M
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	-$8M
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$454M
TOTAL EQUITY	$3.0B
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$3.7B
Net Debt	$3.4B