TSN FY 2012 Earnings Report — Tyson Foods, Inc. Revenue & Financial Results | Market Cap Arena

Tyson Foods, Inc.TSN

FY 2012 Earnings

Reported November 19, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$33.1B	—	$32.0B	—	3.2%
Op. Income	$1.3B	—	$1.3B	—	-0.2%
Gross Margin	6.6%	—	6.9%	—	-0.2pp
Net Margin	1.8%	—	2.3%	—	-0.6pp
EPS (Diluted)	$1.58	—	$1.97	—	-19.8%
Free Cash Flow	$497M	—	$403M	—	23.3%

Revenue Flow

Item	Amount
REVENUE	$33.1B
Cost of Revenue	$30.9B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$496M
General & Administrative	$0
SG&A Expenses	$904M
Other Expenses	$0
Operating Expenses	$904M
Cost & Expenses	$31.8B
OPERATING INCOME	$1.3B
Interest Income	$12M
Interest Expense	$356M
Other Income/Expenses	-$321M
INCOME BEFORE TAX	$965M
Income Tax Expense	$351M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	-$38M
Other Adjustments	$0
NET INCOME	$583M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$583M
D&A	$499M
EBIT	$1.3B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$33.1B
Cost of Revenue	$30.9B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$496M
General & Administrative	$0
SG&A Expenses	$904M
Other Expenses	$0
Operating Expenses	$904M
Cost & Expenses	$31.8B
OPERATING INCOME	$1.3B
Interest Income	$12M
Interest Expense	$356M
Other Income/Expenses	-$321M
INCOME BEFORE TAX	$965M
Income Tax Expense	$351M
Net Income from Continuing Ops	$614M
Net Income from Discontinued Ops	-$38M
Other Adjustments	$0
NET INCOME	$583M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$583M
D&A	$499M
EBIT	$1.3B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$583M
Depreciation & Amortization	$460M
Stock-Based Compensation	$36M
Deferred Income Tax	$140M
Other Non-Cash Items	$215M
Change in Working Capital	-$247M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$690M
Acquisitions (Net)	$0
Purchases of Investments	-$58M
Sales/Maturities of Investments	$47M
Other Investing Activities	$41M
NET CASH FROM INVESTING	-$660M
Net Debt Issuance	$123M
Common Stock Repurchased	-$264M
Common Dividends Paid	-$57M
Other Financing Activities	$27M
NET CASH FROM FINANCING	-$171M
FREE CASH FLOW	$497M
Net Change in Cash	$355M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$1.4B
Inventory	$2.8B
Other Current Assets	$145M
TOTAL CURRENT ASSETS	$5.4B
PP&E (Net)	$4.0B
Goodwill	$1.9B
Intangible Assets	$129M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$451M
TOTAL NON-CURRENT ASSETS	$6.5B
TOTAL ASSETS	$11.9B
Account Payables	$1.4B
Short-Term Debt	$515M
Deferred Revenue	$0
Other Current Liabilities	$561M
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$558M
Other Non-Current Liabilities	$549M
TOTAL NON-CURRENT LIABILITIES	$3.0B
TOTAL LIABILITIES	$5.9B
Common Stock	$39M
Additional Paid-In Capital	$2.3B
Retained Earnings	$4.3B
Treasury Stock	-$569M
Accum. Other Comp. Income	-$63M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$30M
TOTAL EQUITY	$6.0B
TOTAL LIABILITIES & EQUITY	$11.9B
Total Debt	$2.4B
Net Debt	$1.4B