WFG FY 2006 Earnings Report — West Fraser Timber Co. Ltd. Revenue & Financial Results | Market Cap Arena

West Fraser Timber Co. Ltd.WFG

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$2.1B	—	—	—	—
Op. Income	$246M	—	—	—	—
Gross Margin	14.6%	—	—	—	—
Net Margin	12.0%	—	—	—	—
EPS (Diluted)	$2.90	—	—	—	—
Free Cash Flow	$409M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.8B
GROSS PROFIT	$305M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$71M
Other Expenses	$278M
Operating Expenses	$59M
Cost & Expenses	$1.8B
OPERATING INCOME	$246M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$81M
INCOME BEFORE TAX	$328M
Income Tax Expense	$78M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$250M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$158M
EBIT	$246M
EBITDA	$404M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.8B
GROSS PROFIT	$305M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$71M
Other Expenses	$278M
Operating Expenses	$59M
Cost & Expenses	$1.8B
OPERATING INCOME	$246M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$81M
INCOME BEFORE TAX	$328M
Income Tax Expense	$78M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$250M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$158M
EBIT	$246M
EBITDA	$404M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$250M
Depreciation & Amortization	$158M
Stock-Based Compensation	$0
Deferred Income Tax	-$37M
Other Non-Cash Items	$18M
Change in Working Capital	$225M
OPERATING CASH FLOW	$552M
Capital Expenditure	-$144M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$79M
NET CASH FROM INVESTING	-$65M
Net Debt Issuance	-$104M
Common Stock Repurchased	$0
Common Dividends Paid	-$15M
Other Financing Activities	$97.9K
NET CASH FROM FINANCING	-$119M
FREE CASH FLOW	$409M
Net Change in Cash	$369M

Balance Sheet

Item	Amount
Cash & Equivalents	$380M
Short-Term Investments	$0
Net Receivables	$189M
Inventory	$334M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$911M
PP&E (Net)	$1.3B
Goodwill	$165M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$106M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.5B
Account Payables	$294M
Short-Term Debt	$81M
Deferred Revenue	$0
Other Current Liabilities	$146M
TOTAL CURRENT LIABILITIES	$521M
Long-Term Debt	$314M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$196M
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$596M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$375M
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$180.1K
Other Equity	$180.1K
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$394M
Net Debt	$14M