UVV FY 2009 Earnings Report — Universal Corporation Revenue & Financial Results | Market Cap Arena

Universal CorporationUVV

FY 2009 Earnings

Reported May 29, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.1B	—	19.1%
Op. Income	$210M	—	$192M	—	9.6%
Gross Margin	20.3%	—	20.0%	—	0.3pp
Net Margin	5.2%	—	5.6%	—	-0.4pp
EPS (Diluted)	$4.32	—	$3.70	—	16.8%
Free Cash Flow	$63M	—	$69M	—	-8.6%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.0B
GROSS PROFIT	$519M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$309M
SG&A Expenses	$309M
Other Expenses	$0
Operating Expenses	$309M
Cost & Expenses	$2.3B
OPERATING INCOME	$210M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$197M
Income Tax Expense	$65M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$42M
EBIT	$233M
EBITDA	$275M
EPS	$5
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$2.0B
GROSS PROFIT	$519M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$309M
SG&A Expenses	$309M
Other Expenses	$0
Operating Expenses	$309M
Cost & Expenses	$2.3B
OPERATING INCOME	$210M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$197M
Income Tax Expense	$65M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$42M
EBIT	$233M
EBITDA	$275M
EPS	$5
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$42M
Stock-Based Compensation	$0
Deferred Income Tax	$20M
Other Non-Cash Items	$36M
Change in Working Capital	-$170M
OPERATING CASH FLOW	$99M
Capital Expenditure	-$36M
Acquisitions (Net)	$15M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$69M
Other Investing Activities	$4M
NET CASH FROM INVESTING	$42M
Net Debt Issuance	$60M
Common Stock Repurchased	-$111M
Common Dividends Paid	-$46M
Other Financing Activities	-$104.0K
NET CASH FROM FINANCING	-$112M
FREE CASH FLOW	$63M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$213M
Short-Term Investments	$0
Net Receivables	$498M
Inventory	$647M
Other Current Assets	$133M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$312M
Goodwill	$498M
Intangible Assets	$0
Long-Term Investments	$104M
Tax Assets	$17M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$634M
TOTAL ASSETS	$2.1B
Account Payables	$19M
Short-Term Debt	$248M
Deferred Revenue	$14M
Other Current Liabilities	-$125M
TOTAL CURRENT LIABILITIES	$550M
Long-Term Debt	$332M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$53M
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$555M
TOTAL LIABILITIES	$1.1B
Common Stock	$194M
Additional Paid-In Capital	-$7M
Retained Earnings	$687M
Treasury Stock	$0
Accum. Other Comp. Income	-$65M
Other Equity	$7M
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$4M
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$580M
Net Debt	$367M