BLKB FY 2011 Earnings Report — Blackbaud, Inc. Revenue & Financial Results | Market Cap Arena

Blackbaud, Inc.BLKB

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$371M	—	$327M	—	13.4%
Op. Income	$51M	—	$46M	—	10.0%
Gross Margin	57.6%	—	59.7%	—	-2.1pp
Net Margin	9.0%	—	9.1%	—	-0.2pp
EPS (Diluted)	$0.75	—	$0.68	—	10.3%
Free Cash Flow	$66M	—	$45M	—	47.3%

Revenue Flow

Item	Amount
REVENUE	$371M
Cost of Revenue	$157M
GROSS PROFIT	$214M
R&D Expenses	$48M
Selling & Marketing	$75M
General & Administrative	$37M
SG&A Expenses	$112M
Other Expenses	$980.0K
Operating Expenses	$161M
Cost & Expenses	$318M
OPERATING INCOME	$51M
Interest Income	$183.0K
Interest Expense	$200.0K
Other Income/Expenses	$329.0K
INCOME BEFORE TAX	$51M
Income Tax Expense	$18M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$17M
EBIT	$51M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$371M
Cost of Revenue	$157M
GROSS PROFIT	$214M
R&D Expenses	$48M
Selling & Marketing	$75M
General & Administrative	$37M
SG&A Expenses	$112M
Other Expenses	$980.0K
Operating Expenses	$161M
Cost & Expenses	$318M
OPERATING INCOME	$51M
Interest Income	$183.0K
Interest Expense	$200.0K
Other Income/Expenses	$329.0K
INCOME BEFORE TAX	$51M
Income Tax Expense	$18M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$17M
EBIT	$51M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$17M
Stock-Based Compensation	$15M
Deferred Income Tax	$14M
Other Non-Cash Items	$5M
Change in Working Capital	$2M
OPERATING CASH FLOW	$86M
Capital Expenditure	-$19M
Acquisitions (Net)	-$23M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$874.0K
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	-$40.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$21M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$19M
FREE CASH FLOW	$66M
Net Change in Cash	$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$53M
Short-Term Investments	$0
Net Receivables	$63M
Inventory	$0
Other Current Assets	$65M
TOTAL CURRENT ASSETS	$188M
PP&E (Net)	$34M
Goodwill	$90M
Intangible Assets	$45M
Long-Term Investments	$0
Tax Assets	$29M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$205M
TOTAL ASSETS	$393M
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$154M
Other Current Liabilities	$56M
TOTAL CURRENT LIABILITIES	$240M
Long-Term Debt	$0
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$13M
TOTAL LIABILITIES	$253M
Common Stock	$54.0K
Additional Paid-In Capital	$175M
Retained Earnings	$132M
Treasury Stock	-$166M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$140M
Minority Interest	$0
TOTAL EQUITY	$140M
TOTAL LIABILITIES & EQUITY	$393M
Total Debt	$0
Net Debt	-$53M