ASGN FY 2011 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2011 Earnings

Reported December 30, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$597M	—	$438M	—	36.3%
Op. Income	$44M	—	$3M	—	1275.9%
Gross Margin	33.5%	—	34.1%	—	-0.6pp
Net Margin	4.1%	—	-2.3%	—	6.3pp
EPS (Diluted)	$0.64	—	$-0.27	—	337.0%
Free Cash Flow	$15M	—	$21M	—	-27.0%

Revenue Flow

Item	Amount
REVENUE	$597M
Cost of Revenue	$397M
GROSS PROFIT	$200M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$156M
Cost & Expenses	$553M
OPERATING INCOME	$44M
Interest Income	$39.0K
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$41M
Income Tax Expense	$17M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$9M
EBIT	$39M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$597M
Cost of Revenue	$397M
GROSS PROFIT	$200M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$156M
Other Expenses	$0
Operating Expenses	$156M
Cost & Expenses	$553M
OPERATING INCOME	$44M
Interest Income	$39.0K
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$41M
Income Tax Expense	$17M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$9M
EBIT	$39M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$2M
Stock-Based Compensation	$7M
Deferred Income Tax	$4M
Other Non-Cash Items	$8M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$8M
Acquisitions (Net)	-$33M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$109.0K
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	$18M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$18M
FREE CASH FLOW	$15M
Net Change in Cash	-$670.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$0
Net Receivables	$94M
Inventory	-$3M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$112M
PP&E (Net)	$18M
Goodwill	$229M
Intangible Assets	$30M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$299M
TOTAL ASSETS	$411M
Account Payables	$4M
Short-Term Debt	$5M
Deferred Revenue	-$4M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$56M
Long-Term Debt	$82M
Deferred Revenue NC	-$15M
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$108M
TOTAL LIABILITIES	$164M
Common Stock	$370.0K
Additional Paid-In Capital	$229M
Retained Earnings	$19M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$247M
Minority Interest	$0
TOTAL EQUITY	$247M
TOTAL LIABILITIES & EQUITY	$411M
Total Debt	$87M
Net Debt	$69M