BLKB FY 2014 Earnings Report — Blackbaud, Inc. Revenue & Financial Results | Market Cap Arena

Blackbaud, Inc.BLKB

FY 2014 Earnings

Reported February 25, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$564M	—	$504M	—	12.0%
Op. Income	$46M	—	$57M	—	-18.4%
Gross Margin	51.6%	—	54.0%	—	-2.4pp
Net Margin	5.0%	—	6.0%	—	-1.0pp
EPS (Diluted)	$0.62	—	$0.67	—	-7.5%
Free Cash Flow	$80M	—	$84M	—	-4.9%

Revenue Flow

Item	Amount
REVENUE	$564M
Cost of Revenue	$273M
GROSS PROFIT	$291M
R&D Expenses	$81M
Selling & Marketing	$107M
General & Administrative	$55M
SG&A Expenses	$163M
Other Expenses	$1M
Operating Expenses	$245M
Cost & Expenses	$518M
OPERATING INCOME	$46M
Interest Income	$59.0K
Interest Expense	$6M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$39M
Income Tax Expense	$11M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$43M
EBIT	$49M
EBITDA	$93M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$564M
Cost of Revenue	$273M
GROSS PROFIT	$291M
R&D Expenses	$81M
Selling & Marketing	$107M
General & Administrative	$55M
SG&A Expenses	$163M
Other Expenses	$1M
Operating Expenses	$245M
Cost & Expenses	$518M
OPERATING INCOME	$46M
Interest Income	$59.0K
Interest Expense	$6M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$39M
Income Tax Expense	$11M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$43M
EBIT	$49M
EBITDA	$93M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$45M
Stock-Based Compensation	$17M
Deferred Income Tax	$3M
Other Non-Cash Items	$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	$102M
Capital Expenditure	-$22M
Acquisitions (Net)	-$189M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$211M
Net Debt Issuance	$130M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$22M
Other Financing Activities	$4M
NET CASH FROM FINANCING	$112M
FREE CASH FLOW	$80M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$15M
Short-Term Investments	$0
Net Receivables	$78M
Inventory	$155M
Other Current Assets	$155M
TOTAL CURRENT ASSETS	$288M
PP&E (Net)	$50M
Goodwill	$349M
Intangible Assets	$229M
Long-Term Investments	-$14M
Tax Assets	$14M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$655M
TOTAL ASSETS	$943M
Account Payables	$11M
Short-Term Debt	$4M
Deferred Revenue	$212M
Other Current Liabilities	$141M
TOTAL CURRENT LIABILITIES	$421M
Long-Term Debt	$276M
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$44M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$336M
TOTAL LIABILITIES	$757M
Common Stock	$56.0K
Additional Paid-In Capital	$246M
Retained Earnings	$132M
Treasury Stock	-$190M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$186M
Minority Interest	$0
TOTAL EQUITY	$186M
TOTAL LIABILITIES & EQUITY	$943M
Total Debt	$281M
Net Debt	$266M