BR FY 2014 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

FY 2014 Earnings

Reported August 7, 2014

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	$2.6B	—	$2.4B	—	5.2%
Op. Income	$418M	—	$339M	—	23.2%
Gross Margin	31.1%	—	27.3%	—	3.9pp
Net Margin	10.3%	—	8.7%	—	1.6pp
EPS (Diluted)	$2.12	—	$1.69	—	25.4%
Free Cash Flow	$334M	—	$220M	—	52.0%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$797M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$376M
SG&A Expenses	$378M
Other Expenses	$0
Operating Expenses	$378M
Cost & Expenses	$2.1B
OPERATING INCOME	$418M
Interest Income	$2M
Interest Expense	$24M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$396M
Income Tax Expense	$133M
Net Income from Continuing Ops	$263M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$263M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$263M
D&A	$97M
EBIT	$418M
EBITDA	$516M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$797M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$376M
SG&A Expenses	$378M
Other Expenses	$0
Operating Expenses	$378M
Cost & Expenses	$2.1B
OPERATING INCOME	$418M
Interest Income	$2M
Interest Expense	$24M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$396M
Income Tax Expense	$133M
Net Income from Continuing Ops	$263M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$263M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$263M
D&A	$97M
EBIT	$418M
EBITDA	$516M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$263M
Depreciation & Amortization	$69M
Stock-Based Compensation	$35M
Deferred Income Tax	-$12M
Other Non-Cash Items	$8M
Change in Working Capital	$24M
OPERATING CASH FLOW	$388M
Capital Expenditure	-$53M
Acquisitions (Net)	-$97M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$150M
Net Debt Issuance	-$500.0K
Common Stock Repurchased	-$130M
Common Dividends Paid	-$97M
Other Financing Activities	$68M
NET CASH FROM FINANCING	-$159M
FREE CASH FLOW	$334M
Net Change in Cash	$82M

Balance Sheet

Item	Amount
Cash & Equivalents	$348M
Short-Term Investments	$0
Net Receivables	$425M
Inventory	$7M
Other Current Assets	$108M
TOTAL CURRENT ASSETS	$881M
PP&E (Net)	$88M
Goodwill	$856M
Intangible Assets	$130M
Long-Term Investments	$25M
Tax Assets	$180M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$116M
Short-Term Debt	$0
Deferred Revenue	$62M
Other Current Liabilities	$107M
TOTAL CURRENT LIABILITIES	$484M
Long-Term Debt	$524M
Deferred Revenue NC	$59M
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$101M
TOTAL NON-CURRENT LIABILITIES	$746M
TOTAL LIABILITIES	$1.2B
Common Stock	$2M
Additional Paid-In Capital	$811M
Retained Earnings	$974M
Treasury Stock	-$835M
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$962M
Minority Interest	$0
TOTAL EQUITY	$962M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$524M
Net Debt	$177M