TK FY 2007 Earnings Report — Teekay Corporation Revenue & Financial Results | Market Cap Arena

Teekay CorporationTK

FY 2007 Earnings

Reported April 11, 2008

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	$2.4B	—	$2.0B	—	19.5%
Op. Income	$398M	—	$422M	—	-5.7%
Gross Margin	58.8%	—	41.3%	—	17.5pp
Net Margin	7.5%	—	13.0%	—	-5.5pp
EPS (Diluted)	$0.85	—	$3.49	—	-75.6%
Free Cash Flow	-$655M	—	$90M	—	-829.5%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$993M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$238M
SG&A Expenses	$238M
Other Expenses	$773M
Operating Expenses	$1.0B
Cost & Expenses	$2.0B
OPERATING INCOME	$398M
Interest Income	$110M
Interest Expense	$422M
Other Income/Expenses	-$217M
INCOME BEFORE TAX	$181M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$118M
NET INCOME	$181M
Net Income Deductions	$118M
BOTTOM LINE NET INCOME	$64M
D&A	$329M
EBIT	$492M
EBITDA	$821M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$993M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$238M
SG&A Expenses	$238M
Other Expenses	$773M
Operating Expenses	$1.0B
Cost & Expenses	$2.0B
OPERATING INCOME	$398M
Interest Income	$110M
Interest Expense	$422M
Other Income/Expenses	-$217M
INCOME BEFORE TAX	$181M
Income Tax Expense	-$3M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$118M
NET INCOME	$181M
Net Income Deductions	$118M
BOTTOM LINE NET INCOME	$64M
D&A	$329M
EBIT	$492M
EBITDA	$821M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$181M
Depreciation & Amortization	$329M
Stock-Based Compensation	$10M
Deferred Income Tax	-$157M
Other Non-Cash Items	-$60M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$255M
Capital Expenditure	-$910M
Acquisitions (Net)	-$17M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$57M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$80M
Common Dividends Paid	-$72M
Other Financing Activities	$61M
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	-$655M
Net Change in Cash	$99M

Balance Sheet

Item	Amount
Cash & Equivalents	$443M
Short-Term Investments	$102M
Net Receivables	$262M
Inventory	$0
Other Current Assets	$91M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$6.8B
Goodwill	$435M
Intangible Assets	$298M
Long-Term Investments	$214M
Tax Assets	$0
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$9.4B
TOTAL ASSETS	$10.4B
Account Payables	$90M
Short-Term Debt	$332M
Deferred Revenue	$83M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$933M
Long-Term Debt	$4.9B
Deferred Revenue NC	$205M
Deferred Tax Liabilities	$75M
Other Non-Current Liabilities	$366M
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$7.2B
Common Stock	$629M
Additional Paid-In Capital	$0
Retained Earnings	$2.0B
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$544M
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$10.4B
Total Debt	$6.1B
Net Debt	$5.7B