BR FY 2008 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

FY 2008 Earnings

Reported August 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.2B	—	$2.1B	—	3.3%
Op. Income	$357M	—	$333M	—	7.1%
Gross Margin	27.2%	—	25.7%	—	1.5pp
Net Margin	8.7%	—	9.2%	—	-0.5pp
EPS (Diluted)	$1.36	—	$1.42	—	-4.2%
Free Cash Flow	$436M	—	$123M	—	255.2%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$601M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$244M
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$1.9B
OPERATING INCOME	$357M
Interest Income	$2M
Interest Expense	$58M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$326M
Income Tax Expense	$134M
Net Income from Continuing Ops	$192M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$192M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$192M
D&A	$52M
EBIT	$384M
EBITDA	$435M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.6B
GROSS PROFIT	$601M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$244M
SG&A Expenses	$244M
Other Expenses	$0
Operating Expenses	$244M
Cost & Expenses	$1.9B
OPERATING INCOME	$357M
Interest Income	$2M
Interest Expense	$58M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$326M
Income Tax Expense	$134M
Net Income from Continuing Ops	$192M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$192M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$192M
D&A	$52M
EBIT	$384M
EBITDA	$435M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$192M
Depreciation & Amortization	$52M
Stock-Based Compensation	$35M
Deferred Income Tax	-$15M
Other Non-Cash Items	$5M
Change in Working Capital	$213M
OPERATING CASH FLOW	$482M
Capital Expenditure	-$47M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	-$307M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$34M
Other Financing Activities	$22M
NET CASH FROM FINANCING	-$320M
FREE CASH FLOW	$436M
Net Change in Cash	$110M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$34M
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$62M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$83M
Goodwill	$484M
Intangible Assets	$30M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$157M
TOTAL NON-CURRENT ASSETS	$754M
TOTAL ASSETS	$2.8B
Account Payables	$90M
Short-Term Debt	$0
Deferred Revenue	$26M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$448M
Deferred Revenue NC	$61M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$54M
TOTAL NON-CURRENT LIABILITIES	$562M
TOTAL LIABILITIES	$2.1B
Common Stock	$1M
Additional Paid-In Capital	$470M
Retained Earnings	$248M
Treasury Stock	-$2M
Accum. Other Comp. Income	$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$746M
Minority Interest	$0
TOTAL EQUITY	$746M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$448M
Net Debt	$250M