AB FY 2018 Earnings Report — AllianceBernstein Holding L.P. Revenue & Financial Results | Market Cap Arena

AllianceBernstein Holding L.P.AB

FY 2018 Earnings

Reported February 13, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$271M	—	$232M	—	16.5%
Op. Income	$271M	—	$232M	—	16.5%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	89.6%	—	89.3%	—	0.3pp
EPS (Diluted)	$2.49	—	$2.19	—	13.7%
Free Cash Flow	$246M	—	$163M	—	51.2%

Revenue Flow

Item	Amount
REVENUE	$271M
Cost of Revenue	$0
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$0
OPERATING INCOME	$271M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$271M
Income Tax Expense	$28M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	-$447.0K
BOTTOM LINE NET INCOME	$243M
D&A	$0
EBIT	$271M
EBITDA	$271M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$271M
Cost of Revenue	$0
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$0
Operating Expenses	$0
Cost & Expenses	$0
OPERATING INCOME	$271M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$271M
Income Tax Expense	$28M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	-$447.0K
BOTTOM LINE NET INCOME	$243M
D&A	$0
EBIT	$271M
EBITDA	$271M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$242M
Depreciation & Amortization	$0
Stock-Based Compensation	-$267M
Deferred Income Tax	$0
Other Non-Cash Items	$305M
Change in Working Capital	-$510.0K
OPERATING CASH FLOW	$279M
Capital Expenditure	-$33M
Acquisitions (Net)	-$17M
Purchases of Investments	-$472M
Sales/Maturities of Investments	$33M
Other Investing Activities	$472M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$281M
Other Financing Activities	$18M
NET CASH FROM FINANCING	-$263M
FREE CASH FLOW	$246M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$0
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.5B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$644.0K
TOTAL NON-CURRENT LIABILITIES	$644.0K
TOTAL LIABILITIES	$644.0K
Common Stock	$1.6B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$67M
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$0
Net Debt	$0