ASGN FY 2019 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.4B	—	$3.4B	—	0.5%
Op. Income	$276M	—	$260M	—	6.2%
Gross Margin	28.4%	—	30.1%	—	-1.7pp
Net Margin	5.1%	—	4.6%	—	0.5pp
EPS (Diluted)	$3.27	—	$2.97	—	10.1%
Free Cash Flow	$281M	—	$259M	—	8.4%

Revenue Flow

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.4B
GROSS PROFIT	$972M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$645M
Other Expenses	$50M
Operating Expenses	$695M
Cost & Expenses	$3.1B
OPERATING INCOME	$276M
Interest Income	$0
Interest Expense	$53M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$204M
Income Tax Expense	$55M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$25M
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$175M
D&A	$91M
EBIT	$257M
EBITDA	$349M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.4B
Cost of Revenue	$2.4B
GROSS PROFIT	$972M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$645M
Other Expenses	$50M
Operating Expenses	$695M
Cost & Expenses	$3.1B
OPERATING INCOME	$276M
Interest Income	$0
Interest Expense	$53M
Other Income/Expenses	-$72M
INCOME BEFORE TAX	$204M
Income Tax Expense	$55M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$25M
Other Adjustments	$0
NET INCOME	$175M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$175M
D&A	$91M
EBIT	$257M
EBITDA	$349M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$175M
Depreciation & Amortization	$91M
Stock-Based Compensation	$39M
Deferred Income Tax	$19M
Other Non-Cash Items	$35M
Change in Working Capital	-$46M
OPERATING CASH FLOW	$313M
Capital Expenditure	-$33M
Acquisitions (Net)	-$116M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$149M
Net Debt Issuance	-$83M
Common Stock Repurchased	-$20M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$111M
FREE CASH FLOW	$281M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$0
Net Receivables	$663M
Inventory	$0
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$792M
PP&E (Net)	$168M
Goodwill	$1.5B
Intangible Assets	$477M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.9B
Account Payables	$39M
Short-Term Debt	$26M
Deferred Revenue	$8M
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$341M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$100M
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.6B
Common Stock	$500.0K
Additional Paid-In Capital	$638M
Retained Earnings	$745M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.1B
Net Debt	$1.0B