BR FY 2018 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

FY 2018 Earnings

Reported August 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$4.3B	—	$4.1B	—	4.5%
Op. Income	$598M	—	$532M	—	12.5%
Gross Margin	26.8%	—	24.9%	—	1.9pp
Net Margin	9.9%	—	7.9%	—	2.0pp
EPS (Diluted)	$3.55	—	$2.71	—	31.0%
Free Cash Flow	$556M	—	$312M	—	78.0%

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$565M
SG&A Expenses	$565M
Other Expenses	$0
Operating Expenses	$565M
Cost & Expenses	$3.7B
OPERATING INCOME	$598M
Interest Income	$4M
Interest Expense	$42M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$561M
Income Tax Expense	$133M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$212M
EBIT	$603M
EBITDA	$816M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.2B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$565M
SG&A Expenses	$565M
Other Expenses	$0
Operating Expenses	$565M
Cost & Expenses	$3.7B
OPERATING INCOME	$598M
Interest Income	$4M
Interest Expense	$42M
Other Income/Expenses	-$37M
INCOME BEFORE TAX	$561M
Income Tax Expense	$133M
Net Income from Continuing Ops	$428M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$428M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$428M
D&A	$212M
EBIT	$603M
EBITDA	$816M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$428M
Depreciation & Amortization	$164M
Stock-Based Compensation	$55M
Deferred Income Tax	-$9M
Other Non-Cash Items	$27M
Change in Working Capital	$29M
OPERATING CASH FLOW	$694M
Capital Expenditure	-$138M
Acquisitions (Net)	-$108M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$249M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$277M
Common Dividends Paid	-$166M
Other Financing Activities	$43M
NET CASH FROM FINANCING	-$450M
FREE CASH FLOW	$556M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$264M
Short-Term Investments	$0
Net Receivables	$615M
Inventory	$19M
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$991M
PP&E (Net)	$204M
Goodwill	$1.3B
Intangible Assets	$494M
Long-Term Investments	$80M
Tax Assets	-$80M
Other Non-Current Assets	$361M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.3B
Account Payables	$156M
Short-Term Debt	$0
Deferred Revenue	$106M
Other Current Liabilities	$261M
TOTAL CURRENT LIABILITIES	$777M
Long-Term Debt	$1.1B
Deferred Revenue NC	$75M
Deferred Tax Liabilities	$58M
Other Non-Current Liabilities	$247M
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$2.2B
Common Stock	$2M
Additional Paid-In Capital	$0
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	-$52M
Other Equity	-$582M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$1.1B
Net Debt	$790M