ASGN FY 2014 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2014 Earnings

Reported March 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.7B	—	$1.6B	—	5.7%
Op. Income	$138M	—	$124M	—	11.1%
Gross Margin	32.3%	—	29.9%	—	2.4pp
Net Margin	4.5%	—	5.2%	—	-0.7pp
EPS (Diluted)	$1.42	—	$1.55	—	-8.4%
Free Cash Flow	$76M	—	$94M	—	-18.8%

Revenue Flow

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$557M
R&D Expenses	$0
Selling & Marketing	-$30M
General & Administrative	$427M
SG&A Expenses	$398M
Other Expenses	$24M
Operating Expenses	$420M
Cost & Expenses	$1.6B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$125M
Income Tax Expense	$52M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$38M
EBIT	$138M
EBITDA	$176M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.7B
Cost of Revenue	$1.2B
GROSS PROFIT	$557M
R&D Expenses	$0
Selling & Marketing	-$30M
General & Administrative	$427M
SG&A Expenses	$398M
Other Expenses	$24M
Operating Expenses	$420M
Cost & Expenses	$1.6B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$125M
Income Tax Expense	$52M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$77M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$38M
EBIT	$138M
EBITDA	$176M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$77M
Depreciation & Amortization	$38M
Stock-Based Compensation	$16M
Deferred Income Tax	$16M
Other Non-Cash Items	$7M
Change in Working Capital	-$58M
OPERATING CASH FLOW	$96M
Capital Expenditure	-$20M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$169.0K
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	$15M
Common Stock Repurchased	-$100M
Common Dividends Paid	$0
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$81M
FREE CASH FLOW	$76M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$317M
Inventory	$63M
Other Current Assets	$47M
TOTAL CURRENT ASSETS	$386M
PP&E (Net)	$44M
Goodwill	$512M
Intangible Assets	$251M
Long-Term Investments	-$19M
Tax Assets	$19M
Other Non-Current Assets	$81M
TOTAL NON-CURRENT ASSETS	$888M
TOTAL ASSETS	$1.3B
Account Payables	$8M
Short-Term Debt	$18M
Deferred Revenue	$98M
Other Current Liabilities	$41M
TOTAL CURRENT LIABILITIES	$166M
Long-Term Debt	$397M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$64M
Other Non-Current Liabilities	-$8M
TOTAL NON-CURRENT LIABILITIES	$474M
TOTAL LIABILITIES	$640M
Common Stock	$514.0K
Additional Paid-In Capital	$484M
Retained Earnings	$155M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$634M
Minority Interest	$0
TOTAL EQUITY	$634M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$415M
Net Debt	$386M