UVV FY 2007 Earnings Report — Universal Corporation Revenue & Financial Results | Market Cap Arena

Universal CorporationUVV

FY 2007 Earnings

Reported May 30, 2007

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	$2.0B	—	$3.5B	—	-42.8%
Op. Income	$164M	—	$104M	—	56.8%
Gross Margin	22.1%	—	16.5%	—	5.6pp
Net Margin	2.2%	—	0.2%	—	2.0pp
EPS (Diluted)	$1.13	—	$0.31	—	264.5%
Free Cash Flow	$271M	—	-$18M	—	1619.0%

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$444M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$249M
SG&A Expenses	$249M
Other Expenses	$0
Operating Expenses	$249M
Cost & Expenses	$1.8B
OPERATING INCOME	$164M
Interest Income	$11M
Interest Expense	$54M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$135M
Income Tax Expense	$61M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$7M
Other Adjustments	-$43M
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$48M
EBIT	$194M
EBITDA	$237M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.6B
GROSS PROFIT	$444M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$249M
SG&A Expenses	$249M
Other Expenses	$0
Operating Expenses	$249M
Cost & Expenses	$1.8B
OPERATING INCOME	$164M
Interest Income	$11M
Interest Expense	$54M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$135M
Income Tax Expense	$61M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$7M
Other Adjustments	-$43M
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$48M
EBIT	$194M
EBITDA	$237M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$48M
Stock-Based Compensation	$0
Deferred Income Tax	-$654.0K
Other Non-Cash Items	$63M
Change in Working Capital	$56M
OPERATING CASH FLOW	$296M
Capital Expenditure	-$25M
Acquisitions (Net)	$386M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	$358M
Net Debt Issuance	-$349M
Common Stock Repurchased	$0
Common Dividends Paid	-$45M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$363M
FREE CASH FLOW	$271M
Net Change in Cash	$292M

Balance Sheet

Item	Amount
Cash & Equivalents	$358M
Short-Term Investments	$0
Net Receivables	$412M
Inventory	$636M
Other Current Assets	$130M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$360M
Goodwill	$104M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$81M
Other Non-Current Assets	$238M
TOTAL NON-CURRENT ASSETS	$783M
TOTAL ASSETS	$2.3B
Account Payables	$221M
Short-Term Debt	$295M
Deferred Revenue	$19M
Other Current Liabilities	$148M
TOTAL CURRENT LIABILITIES	$693M
Long-Term Debt	$399M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$30M
Other Non-Current Liabilities	$171M
TOTAL NON-CURRENT LIABILITIES	$599M
TOTAL LIABILITIES	$1.3B
Common Stock	$0
Additional Paid-In Capital	$176M
Retained Earnings	$682M
Treasury Stock	$0
Accum. Other Comp. Income	-$41M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$6M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$694M
Net Debt	$336M