TKC FY 2009 Earnings Report — Turkcell Iletisim Hizmetleri A.S. Revenue & Financial Results | Market Cap Arena

Turkcell Iletisim Hizmetleri A.S.TKC

FY 2009 Earnings

Reported December 30, 2009

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	$192M	—	$238M	—	-19.1%
Op. Income	$41M	—	$65M	—	-37.1%
Gross Margin	46.5%	—	51.1%	—	-4.6pp
Net Margin	18.9%	—	25.2%	—	-6.3pp
EPS (Diluted)	$0.04	—	$0.07	—	-42.2%
Free Cash Flow	-$16M	—	$30M	—	-152.5%

Revenue Flow

Item	Amount
REVENUE	$192M
Cost of Revenue	$103M
GROSS PROFIT	$90M
R&D Expenses	$0
Selling & Marketing	$36M
General & Administrative	$9M
SG&A Expenses	$45M
Other Expenses	$4M
Operating Expenses	$49M
Cost & Expenses	$152M
OPERATING INCOME	$41M
Interest Income	$11M
Interest Expense	$6M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$48M
Income Tax Expense	$11M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$14M
EBIT	$54M
EBITDA	$70M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$192M
Cost of Revenue	$103M
GROSS PROFIT	$90M
R&D Expenses	$0
Selling & Marketing	$36M
General & Administrative	$9M
SG&A Expenses	$45M
Other Expenses	$4M
Operating Expenses	$49M
Cost & Expenses	$152M
OPERATING INCOME	$41M
Interest Income	$11M
Interest Expense	$6M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$48M
Income Tax Expense	$11M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$14M
EBIT	$54M
EBITDA	$70M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$20M
Stock-Based Compensation	$0
Deferred Income Tax	-$98.6K
Other Non-Cash Items	-$18M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$43M
Capital Expenditure	-$59M
Acquisitions (Net)	$312.4K
Purchases of Investments	-$3M
Sales/Maturities of Investments	$1M
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	$25M
Common Stock Repurchased	$0
Common Dividends Paid	-$26M
Other Financing Activities	$627.8K
NET CASH FROM FINANCING	-$180.6K
FREE CASH FLOW	-$16M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$2M
Net Receivables	$32M
Inventory	$937.5K
Other Current Assets	$390.4K
TOTAL CURRENT ASSETS	$141M
PP&E (Net)	$88M
Goodwill	$0
Intangible Assets	$63M
Long-Term Investments	$14M
Tax Assets	$68.4K
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$168M
TOTAL ASSETS	$310M
Account Payables	$35M
Short-Term Debt	$23M
Deferred Revenue	$8M
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$76M
Long-Term Debt	$27M
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$114M
Common Stock	$55M
Additional Paid-In Capital	$14.4K
Retained Earnings	$140M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$308.4K
TOTAL STOCKHOLDERS' EQUITY	$195M
Minority Interest	$1M
TOTAL EQUITY	$196M
TOTAL LIABILITIES & EQUITY	$310M
Total Debt	$50M
Net Debt	-$52M