ASGN Q2 2022 Earnings Report — ASGN Incorporated Revenue & Financial Results | Market Cap Arena

ASGN IncorporatedASGN

Q2 2022 Earnings

Reported August 8, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2022	Q1 2022	Q2 2021	QoQ Change	YoY Change
Revenue	$1.1B	$1.1B	$975M	4.7%	17.1%
Op. Income	$110M	$101M	$88M	9.4%	25.3%
Gross Margin	30.1%	29.9%	28.3%	0.2pp	1.8pp
Net Margin	6.3%	6.1%	6.6%	0.2pp	-0.2pp
EPS (Diluted)	$1.41	$1.28	$1.19	10.2%	18.5%
Free Cash Flow	$80M	$46M	$77M	71.6%	3.9%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$798M
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$220M
Other Expenses	$14M
Operating Expenses	$234M
Cost & Expenses	$1.0B
OPERATING INCOME	$110M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$100M
Income Tax Expense	$27M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	-$100.0K
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$20M
EBIT	$110M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$798M
GROSS PROFIT	$344M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$220M
Other Expenses	$14M
Operating Expenses	$234M
Cost & Expenses	$1.0B
OPERATING INCOME	$110M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$100M
Income Tax Expense	$27M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	-$100.0K
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$20M
EBIT	$110M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$20M
Stock-Based Compensation	$11M
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$6M
Net Debt Issuance	$0
Common Stock Repurchased	-$91M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$94M
FREE CASH FLOW	$80M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$491M
Short-Term Investments	$0
Net Receivables	$843M
Inventory	$0
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$115M
Goodwill	$1.6B
Intangible Assets	$461M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$3.5B
Account Payables	$33M
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$100M
TOTAL CURRENT LIABILITIES	$492M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$89M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.7B
Common Stock	$500.0K
Additional Paid-In Capital	$692M
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$1.1B
Net Debt	$605M