WFG FY 2012 Earnings Report — West Fraser Timber Co. Ltd. Revenue & Financial Results | Market Cap Arena

West Fraser Timber Co. Ltd.WFG

FY 2012 Earnings

Reported December 30, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$2.2B	—	—	—	—
Op. Income	$93M	—	—	—	—
Gross Margin	32.7%	—	—	—	—
Net Margin	2.9%	—	—	—	—
EPS (Diluted)	$0.66	—	—	—	—
Free Cash Flow	$33M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$721M
R&D Expenses	$0
Selling & Marketing	$351M
General & Administrative	$129M
SG&A Expenses	$480M
Other Expenses	$735.2K
Operating Expenses	$627M
Cost & Expenses	$2.1B
OPERATING INCOME	$93M
Interest Income	$734.6K
Interest Expense	$15M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$85M
Income Tax Expense	$21M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$31M
BOTTOM LINE NET INCOME	$87M
D&A	$112M
EBIT	$90M
EBITDA	$201M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$721M
R&D Expenses	$0
Selling & Marketing	$351M
General & Administrative	$129M
SG&A Expenses	$480M
Other Expenses	$735.2K
Operating Expenses	$627M
Cost & Expenses	$2.1B
OPERATING INCOME	$93M
Interest Income	$734.6K
Interest Expense	$15M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$85M
Income Tax Expense	$21M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$31M
BOTTOM LINE NET INCOME	$87M
D&A	$112M
EBIT	$90M
EBITDA	$201M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$112M
Stock-Based Compensation	$0
Deferred Income Tax	$21M
Other Non-Cash Items	$7M
Change in Working Capital	-$37M
OPERATING CASH FLOW	$143M
Capital Expenditure	-$110M
Acquisitions (Net)	-$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$45M
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$18M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$33M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$75M
Short-Term Investments	$387.7K
Net Receivables	$185M
Inventory	$337M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$605M
PP&E (Net)	$705M
Goodwill	$194M
Intangible Assets	$413M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.9B
Account Payables	$120M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$125M
TOTAL CURRENT LIABILITIES	$283M
Long-Term Debt	$221M
Deferred Revenue NC	$210M
Deferred Tax Liabilities	$94M
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$545M
TOTAL LIABILITIES	$828M
Common Stock	$443M
Additional Paid-In Capital	$440M
Retained Earnings	$661M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	-$440M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$221M
Net Debt	$146M