VEON FY 2009 Earnings Report — VEON Ltd. Revenue & Financial Results | Market Cap Arena

FY 2009 Earnings

Reported December 30, 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	$8.7B	—	—	—	—
Op. Income	$2.6B	—	—	—	—
Gross Margin	77.1%	—	—	—	—
Net Margin	12.9%	—	—	—	—
EPS (Diluted)	$27.67	—	—	—	—
Free Cash Flow	$2.8B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$6.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.4B
SG&A Expenses	$2.4B
Other Expenses	$1.7B
Operating Expenses	$4.1B
Cost & Expenses	$6.1B
OPERATING INCOME	$2.6B
Interest Income	$52M
Interest Expense	$599M
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$435M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.7B
EBIT	$2.2B
EBITDA	$3.8B
EPS	$27
EPS Diluted	$28

Income Statement

Item	Amount
REVENUE	$8.7B
Cost of Revenue	$2.0B
GROSS PROFIT	$6.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$2.4B
SG&A Expenses	$2.4B
Other Expenses	$1.7B
Operating Expenses	$4.1B
Cost & Expenses	$6.1B
OPERATING INCOME	$2.6B
Interest Income	$52M
Interest Expense	$599M
Other Income/Expenses	-$1.0B
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$435M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.7B
EBIT	$2.2B
EBITDA	$3.8B
EPS	$27
EPS Diluted	$28

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.7B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$495M
Change in Working Capital	$201M
OPERATING CASH FLOW	$3.5B
Capital Expenditure	-$691M
Acquisitions (Net)	$0
Purchases of Investments	-$13M
Sales/Maturities of Investments	$0
Other Investing Activities	-$529M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	-$1.2B
Common Stock Repurchased	-$18M
Common Dividends Paid	-$316M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$2.8B
Net Change in Cash	$532M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$0
Net Receivables	$755M
Inventory	$62M
Other Current Assets	$703M
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$5.6B
Goodwill	$3.3B
Intangible Assets	$1.7B
Long-Term Investments	$437M
Tax Assets	$1M
Other Non-Current Assets	$791M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$14.7B
Account Payables	$546M
Short-Term Debt	$1.8B
Deferred Revenue	$29M
Other Current Liabilities	$700M
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$5.5B
Deferred Revenue NC	$36M
Deferred Tax Liabilities	$596M
Other Non-Current Liabilities	$129M
TOTAL NON-CURRENT LIABILITIES	$6.3B
TOTAL LIABILITIES	$9.7B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$4.1B
Treasury Stock	-$223M
Accum. Other Comp. Income	-$488M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.5B
Minority Interest	$511M
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$14.7B
Total Debt	$7.4B
Net Debt	$5.9B