UVV FY 2008 Earnings Report — Universal Corporation Revenue & Financial Results | Market Cap Arena

Universal CorporationUVV

FY 2008 Earnings

Reported May 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	6.9%
Op. Income	$192M	—	$164M	—	17.1%
Gross Margin	20.0%	—	22.1%	—	-2.1pp
Net Margin	5.6%	—	2.2%	—	3.3pp
EPS (Diluted)	$3.70	—	$1.13	—	227.4%
Free Cash Flow	$69M	—	$271M	—	-74.4%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$430M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$226M
SG&A Expenses	$226M
Other Expenses	$0
Operating Expenses	$226M
Cost & Expenses	$1.9B
OPERATING INCOME	$192M
Interest Income	$17M
Interest Expense	$42M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$180M
Income Tax Expense	$64M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$43M
EBIT	$222M
EBITDA	$265M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.7B
GROSS PROFIT	$430M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$226M
SG&A Expenses	$226M
Other Expenses	$0
Operating Expenses	$226M
Cost & Expenses	$1.9B
OPERATING INCOME	$192M
Interest Income	$17M
Interest Expense	$42M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$180M
Income Tax Expense	$64M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	-$3M
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$104M
D&A	$43M
EBIT	$222M
EBITDA	$265M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$43M
Stock-Based Compensation	$0
Deferred Income Tax	$20M
Other Non-Cash Items	$20M
Change in Working Capital	-$115M
OPERATING CASH FLOW	$97M
Capital Expenditure	-$28M
Acquisitions (Net)	$27M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$23M
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	-$184M
Common Stock Repurchased	-$17M
Common Dividends Paid	-$49M
Other Financing Activities	-$981.0K
NET CASH FROM FINANCING	-$246M
FREE CASH FLOW	$69M
Net Change in Cash	-$172M

Balance Sheet

Item	Amount
Cash & Equivalents	$186M
Short-Term Investments	$59M
Net Receivables	$424M
Inventory	$646M
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$335M
Goodwill	$107M
Intangible Assets	$0
Long-Term Investments	$116M
Tax Assets	$50M
Other Non-Current Assets	$110M
TOTAL NON-CURRENT ASSETS	$717M
TOTAL ASSETS	$2.1B
Account Payables	$10M
Short-Term Debt	$126M
Deferred Revenue	$25M
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$402M
Long-Term Debt	$403M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$173M
TOTAL NON-CURRENT LIABILITIES	$613M
TOTAL LIABILITIES	$1.0B
Common Stock	$0
Additional Paid-In Capital	$206M
Retained Earnings	$712M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$3M
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$529M
Net Debt	$343M