ASGN FY 2016 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$2.4B	—	$2.1B	—	18.2%
Op. Income	$190M	—	$152M	—	24.7%
Gross Margin	32.6%	—	32.9%	—	-0.3pp
Net Margin	4.0%	—	4.7%	—	-0.7pp
EPS (Diluted)	$1.81	—	$1.84	—	-1.6%
Free Cash Flow	$169M	—	$93M	—	82.2%

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$795M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$566M
SG&A Expenses	$566M
Other Expenses	$40M
Operating Expenses	$605M
Cost & Expenses	$2.3B
OPERATING INCOME	$190M
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$157M
Income Tax Expense	$60M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$5.0K
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$97M
D&A	$62M
EBIT	$190M
EBITDA	$252M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$795M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$566M
SG&A Expenses	$566M
Other Expenses	$40M
Operating Expenses	$605M
Cost & Expenses	$2.3B
OPERATING INCOME	$190M
Interest Income	$0
Interest Expense	$32M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$157M
Income Tax Expense	$60M
Net Income from Continuing Ops	$97M
Net Income from Discontinued Ops	$5.0K
Other Adjustments	$0
NET INCOME	$97M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$97M
D&A	$62M
EBIT	$190M
EBITDA	$252M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$97M
Depreciation & Amortization	$62M
Stock-Based Compensation	$27M
Deferred Income Tax	$13M
Other Non-Cash Items	$16M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$196M
Capital Expenditure	-$27M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$22M
Net Debt Issuance	-$119M
Common Stock Repurchased	-$41M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$171M
FREE CASH FLOW	$169M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$401M
Inventory	$6M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$438M
PP&E (Net)	$57M
Goodwill	$874M
Intangible Assets	$378M
Long-Term Investments	-$131M
Tax Assets	$74M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.8B
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$162M
Long-Term Debt	$640M
Deferred Revenue NC	-$715M
Deferred Tax Liabilities	$74M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$721M
TOTAL LIABILITIES	$884M
Common Stock	$527.0K
Additional Paid-In Capital	$563M
Retained Earnings	$316M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$869M
Minority Interest	$0
TOTAL EQUITY	$869M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$640M
Net Debt	$613M