ASGN Q1 2021 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

Q1 2021 Earnings

Reported May 7, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$907M	—	$991M	—	-8.4%
Op. Income	$67M	—	$71M	—	-4.9%
Gross Margin	26.9%	—	28.4%	—	-1.5pp
Net Margin	5.4%	—	4.4%	—	0.9pp
EPS (Diluted)	$0.91	—	$0.82	—	11.0%
Free Cash Flow	$111M	—	$49M	—	126.4%

Revenue Flow

Item	Amount
REVENUE	$907M
Cost of Revenue	$663M
GROSS PROFIT	$244M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$12M
Operating Expenses	$176M
Cost & Expenses	$840M
OPERATING INCOME	$67M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$58M
Income Tax Expense	$15M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$6M
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$22M
EBIT	$67M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$907M
Cost of Revenue	$663M
GROSS PROFIT	$244M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$12M
Operating Expenses	$176M
Cost & Expenses	$840M
OPERATING INCOME	$67M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$58M
Income Tax Expense	$15M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$6M
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$22M
EBIT	$67M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$22M
Stock-Based Compensation	$10M
Deferred Income Tax	$0
Other Non-Cash Items	$900.0K
Change in Working Capital	$38M
OPERATING CASH FLOW	$120M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$100.0K
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	$0
Other Financing Activities	$8M
NET CASH FROM FINANCING	$3M
FREE CASH FLOW	$111M
Net Change in Cash	$112M

Balance Sheet

Item	Amount
Cash & Equivalents	$387M
Short-Term Investments	$0
Net Receivables	$647M
Inventory	$0
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$145M
Goodwill	$1.6B
Intangible Assets	$476M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.3B
Account Payables	$30M
Short-Term Debt	$28M
Deferred Revenue	$14M
Other Current Liabilities	$72M
TOTAL CURRENT LIABILITIES	$429M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$109M
Other Non-Current Liabilities	$63M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$1.7B
Common Stock	$500.0K
Additional Paid-In Capital	$675M
Retained Earnings	$975M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.1B
Net Debt	$730M