ASGN FY 2015 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.7B	—	19.7%
Op. Income	$152M	—	$138M	—	10.4%
Gross Margin	32.9%	—	32.3%	—	0.5pp
Net Margin	4.7%	—	4.5%	—	0.3pp
EPS (Diluted)	$1.84	—	$1.42	—	29.6%
Free Cash Flow	$93M	—	$76M	—	21.6%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$679M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$492M
SG&A Expenses	$492M
Other Expenses	$34M
Operating Expenses	$527M
Cost & Expenses	$1.9B
OPERATING INCOME	$152M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$122M
Income Tax Expense	$50M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$26M
Other Adjustments	$0
NET INCOME	$98M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$34M
EBIT	$148M
EBITDA	$210M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$679M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$492M
SG&A Expenses	$492M
Other Expenses	$34M
Operating Expenses	$527M
Cost & Expenses	$1.9B
OPERATING INCOME	$152M
Interest Income	$0
Interest Expense	$26M
Other Income/Expenses	-$30M
INCOME BEFORE TAX	$122M
Income Tax Expense	$50M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$26M
Other Adjustments	$0
NET INCOME	$98M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$34M
EBIT	$148M
EBITDA	$210M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$98M
Depreciation & Amortization	$52M
Stock-Based Compensation	$22M
Deferred Income Tax	$12M
Other Non-Cash Items	-$9M
Change in Working Capital	-$57M
OPERATING CASH FLOW	$117M
Capital Expenditure	-$25M
Acquisitions (Net)	-$553M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$116M
NET CASH FROM INVESTING	-$462M
Net Debt Issuance	$359M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$26M
NET CASH FROM FINANCING	$338M
FREE CASH FLOW	$93M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$368M
Inventory	$13M
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$414M
PP&E (Net)	$53M
Goodwill	$875M
Intangible Assets	$418M
Long-Term Investments	-$115M
Tax Assets	$62M
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$500.0K
Other Current Liabilities	$48M
TOTAL CURRENT LIABILITIES	$160M
Long-Term Debt	$756M
Deferred Revenue NC	-$817M
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$822M
TOTAL LIABILITIES	$983M
Common Stock	$530.0K
Additional Paid-In Capital	$543M
Retained Earnings	$250M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$785M
Minority Interest	$0
TOTAL EQUITY	$785M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$756M
Net Debt	$732M