TSN FY 2013 Earnings Report — Tyson Foods, Inc. Revenue & Financial Results | Market Cap Arena

Tyson Foods, Inc.TSN

FY 2013 Earnings

Reported November 18, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$34.4B	—	$33.1B	—	4.0%
Op. Income	$1.4B	—	$1.3B	—	6.9%
Gross Margin	6.9%	—	6.6%	—	0.2pp
Net Margin	2.3%	—	1.8%	—	0.5pp
EPS (Diluted)	$2.12	—	$1.58	—	34.2%
Free Cash Flow	$756M	—	$497M	—	52.1%

Revenue Flow

Item	Amount
REVENUE	$34.4B
Cost of Revenue	$32.0B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$983M
Other Expenses	$0
Operating Expenses	$983M
Cost & Expenses	$33.0B
OPERATING INCOME	$1.4B
Interest Income	$7M
Interest Expense	$145M
Other Income/Expenses	-$118M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$409M
Net Income from Continuing Ops	$848M
Net Income from Discontinued Ops	-$70M
Other Adjustments	$0
NET INCOME	$778M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$778M
D&A	$519M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$34.4B
Cost of Revenue	$32.0B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$983M
Other Expenses	$0
Operating Expenses	$983M
Cost & Expenses	$33.0B
OPERATING INCOME	$1.4B
Interest Income	$7M
Interest Expense	$145M
Other Income/Expenses	-$118M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$409M
Net Income from Continuing Ops	$848M
Net Income from Discontinued Ops	-$70M
Other Adjustments	$0
NET INCOME	$778M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$778M
D&A	$519M
EBIT	$1.4B
EBITDA	$1.9B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$778M
Depreciation & Amortization	$519M
Stock-Based Compensation	$36M
Deferred Income Tax	-$12M
Other Non-Cash Items	$64M
Change in Working Capital	-$71M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$558M
Acquisitions (Net)	-$106M
Purchases of Investments	-$135M
Sales/Maturities of Investments	$117M
Other Investing Activities	$39M
NET CASH FROM INVESTING	-$643M
Net Debt Issuance	-$23M
Common Stock Repurchased	-$614M
Common Dividends Paid	-$104M
Other Financing Activities	$141M
NET CASH FROM FINANCING	-$600M
FREE CASH FLOW	$756M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$2.8B
Other Current Assets	$145M
TOTAL CURRENT ASSETS	$5.6B
PP&E (Net)	$4.1B
Goodwill	$1.9B
Intangible Assets	$138M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$480M
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$12.2B
Account Payables	$1.4B
Short-Term Debt	$513M
Deferred Revenue	$0
Other Current Liabilities	$719M
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$479M
Other Non-Current Liabilities	$560M
TOTAL NON-CURRENT LIABILITIES	$2.9B
TOTAL LIABILITIES	$5.9B
Common Stock	$39M
Additional Paid-In Capital	$2.3B
Retained Earnings	$5.0B
Treasury Stock	-$1.0B
Accum. Other Comp. Income	-$108M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.2B
Minority Interest	$32M
TOTAL EQUITY	$6.2B
TOTAL LIABILITIES & EQUITY	$12.2B
Total Debt	$2.4B
Net Debt	$1.3B