ASGN FY 2012 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2012 Earnings

Reported March 18, 2013

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	$1.2B	—	$597M	—	97.1%
Op. Income	$85M	—	$44M	—	91.3%
Gross Margin	31.3%	—	33.5%	—	-2.2pp
Net Margin	3.6%	—	4.1%	—	-0.4pp
EPS (Diluted)	$0.89	—	$0.64	—	39.1%
Free Cash Flow	$26M	—	$15M	—	75.5%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$809M
GROSS PROFIT	$369M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$261M
SG&A Expenses	$266M
Other Expenses	$18M
Operating Expenses	$284M
Cost & Expenses	$1.1B
OPERATING INCOME	$85M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$68M
Income Tax Expense	$29M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$25M
EBIT	$81M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$809M
GROSS PROFIT	$369M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$261M
SG&A Expenses	$266M
Other Expenses	$18M
Operating Expenses	$284M
Cost & Expenses	$1.1B
OPERATING INCOME	$85M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$68M
Income Tax Expense	$29M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$25M
EBIT	$81M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$18M
Stock-Based Compensation	$10M
Deferred Income Tax	$5M
Other Non-Cash Items	$7M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$14M
Acquisitions (Net)	-$348M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$869.0K
NET CASH FROM INVESTING	-$363M
Net Debt Issuance	$340M
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$332M
FREE CASH FLOW	$26M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$243M
Inventory	$19M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$294M
PP&E (Net)	$27M
Goodwill	$498M
Intangible Assets	$264M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$804M
TOTAL ASSETS	$1.1B
Account Payables	$7M
Short-Term Debt	$10M
Deferred Revenue	$87M
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$119M
Long-Term Debt	$417M
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$447M
TOTAL LIABILITIES	$565M
Common Stock	$530.0K
Additional Paid-In Capital	$472M
Retained Earnings	$62M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$533M
Minority Interest	$0
TOTAL EQUITY	$533M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$427M
Net Debt	$399M