ASGN FY 2017 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.4B	—	7.6%
Op. Income	$225M	—	$190M	—	18.5%
Gross Margin	32.4%	—	32.6%	—	-0.2pp
Net Margin	6.0%	—	4.0%	—	2.0pp
EPS (Diluted)	$2.97	—	$1.81	—	64.1%
Free Cash Flow	$172M	—	$169M	—	1.8%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$850M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$592M
SG&A Expenses	$592M
Other Expenses	$33M
Operating Expenses	$625M
Cost & Expenses	$2.4B
OPERATING INCOME	$225M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$197M
Income Tax Expense	$39M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	-$225.0K
NET INCOME	$158M
Net Income Deductions	-$225.0K
BOTTOM LINE NET INCOME	$158M
D&A	$59M
EBIT	$225M
EBITDA	$283M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$850M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$592M
SG&A Expenses	$592M
Other Expenses	$33M
Operating Expenses	$625M
Cost & Expenses	$2.4B
OPERATING INCOME	$225M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$197M
Income Tax Expense	$39M
Net Income from Continuing Ops	$158M
Net Income from Discontinued Ops	$0
Other Adjustments	-$225.0K
NET INCOME	$158M
Net Income Deductions	-$225.0K
BOTTOM LINE NET INCOME	$158M
D&A	$59M
EBIT	$225M
EBITDA	$283M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$158M
Depreciation & Amortization	$59M
Stock-Based Compensation	$24M
Deferred Income Tax	-$5M
Other Non-Cash Items	$22M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$196M
Capital Expenditure	-$24M
Acquisitions (Net)	-$26M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$88.0K
NET CASH FROM INVESTING	-$50M
Net Debt Issuance	-$68M
Common Stock Repurchased	-$60M
Common Dividends Paid	$0
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$138M
FREE CASH FLOW	$172M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$441M
Inventory	$19M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$500M
PP&E (Net)	$58M
Goodwill	$894M
Intangible Assets	$353M
Long-Term Investments	-$127M
Tax Assets	$69M
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.8B
Account Payables	$7M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$167M
Long-Term Debt	$575M
Deferred Revenue NC	-$645M
Deferred Tax Liabilities	$69M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$652M
TOTAL LIABILITIES	$819M
Common Stock	$521.0K
Additional Paid-In Capital	$566M
Retained Earnings	$428M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$991M
Minority Interest	$0
TOTAL EQUITY	$991M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$575M
Net Debt	$539M