UTI FY 2011 Earnings Report — Universal Technical Institute, Inc. Revenue & Financial Results | Market Cap Arena

Universal Technical Institute, Inc.UTI

FY 2011 Earnings

Reported November 29, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$452M	—	$436M	—	3.7%
Op. Income	$45M	—	$47M	—	-3.1%
Gross Margin	50.5%	—	51.2%	—	-0.7pp
Net Margin	6.0%	—	6.6%	—	-0.6pp
EPS (Diluted)	$1.10	—	$1.18	—	-6.8%
Free Cash Flow	$29M	—	$30M	—	-4.3%

Revenue Flow

Item	Amount
REVENUE	$452M
Cost of Revenue	$223M
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$134M
SG&A Expenses	$183M
Other Expenses	$0
Operating Expenses	$183M
Cost & Expenses	$407M
OPERATING INCOME	$45M
Interest Income	$258.0K
Interest Expense	$6.0K
Other Income/Expenses	$543.0K
INCOME BEFORE TAX	$46M
Income Tax Expense	$18M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$341.0K
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$25M
EBIT	$46M
EBITDA	$71M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$452M
Cost of Revenue	$223M
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$35M
General & Administrative	$134M
SG&A Expenses	$183M
Other Expenses	$0
Operating Expenses	$183M
Cost & Expenses	$407M
OPERATING INCOME	$45M
Interest Income	$258.0K
Interest Expense	$6.0K
Other Income/Expenses	$543.0K
INCOME BEFORE TAX	$46M
Income Tax Expense	$18M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$341.0K
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$25M
EBIT	$46M
EBITDA	$71M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$25M
Stock-Based Compensation	$6M
Deferred Income Tax	$3M
Other Non-Cash Items	$9M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$58M
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$90M
Sales/Maturities of Investments	$65M
Other Investing Activities	$64.0K
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$36M
Other Financing Activities	-$658.0K
NET CASH FROM FINANCING	$611.0K
FREE CASH FLOW	$29M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$54M
Short-Term Investments	$50M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$133M
PP&E (Net)	$100M
Goodwill	$21M
Intangible Assets	$0
Long-Term Investments	$6M
Tax Assets	$8M
Other Non-Current Assets	-$3M
TOTAL NON-CURRENT ASSETS	$132M
TOTAL ASSETS	$266M
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$61M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$105M
Long-Term Debt	$0
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$123M
Common Stock	$3.0K
Additional Paid-In Capital	$156M
Retained Earnings	$62M
Treasury Stock	-$77M
Accum. Other Comp. Income	-$111M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$142M
Minority Interest	$0
TOTAL EQUITY	$142M
TOTAL LIABILITIES & EQUITY	$266M
Total Debt	$0
Net Debt	-$54M