BR FY 2021 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

FY 2021 Earnings

Reported August 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$5.0B	—	$4.5B	—	10.3%
Op. Income	$679M	—	$625M	—	8.6%
Gross Margin	28.5%	—	27.9%	—	0.6pp
Net Margin	11.0%	—	10.2%	—	0.8pp
EPS (Diluted)	$4.65	—	$3.95	—	17.7%
Free Cash Flow	$539M	—	$500M	—	8.0%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$3.6B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$744M
Other Expenses	$0
Operating Expenses	$744M
Cost & Expenses	$4.3B
OPERATING INCOME	$679M
Interest Income	$2M
Interest Expense	$58M
Other Income/Expenses	$18M
INCOME BEFORE TAX	$696M
Income Tax Expense	$149M
Net Income from Continuing Ops	$548M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$548M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$548M
D&A	$335M
EBIT	$679M
EBITDA	$1.0B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$3.6B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$744M
Other Expenses	$0
Operating Expenses	$744M
Cost & Expenses	$4.3B
OPERATING INCOME	$679M
Interest Income	$2M
Interest Expense	$58M
Other Income/Expenses	$18M
INCOME BEFORE TAX	$696M
Income Tax Expense	$149M
Net Income from Continuing Ops	$548M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$548M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$548M
D&A	$335M
EBIT	$679M
EBITDA	$1.0B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$548M
Depreciation & Amortization	$221M
Stock-Based Compensation	$59M
Deferred Income Tax	$52M
Other Non-Cash Items	$47M
Change in Working Capital	-$286M
OPERATING CASH FLOW	$640M
Capital Expenditure	-$101M
Acquisitions (Net)	-$2.6B
Purchases of Investments	$101M
Sales/Maturities of Investments	$67M
Other Investing Activities	-$117M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$2.1B
Common Stock Repurchased	-$22M
Common Dividends Paid	-$262M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$539M
Net Change in Cash	-$202M

Balance Sheet

Item	Amount
Cash & Equivalents	$275M
Short-Term Investments	$0
Net Receivables	$820M
Inventory	$0
Other Current Assets	$167M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$439M
Goodwill	$3.7B
Intangible Assets	$1.4B
Long-Term Investments	$194M
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$6.9B
TOTAL ASSETS	$8.1B
Account Payables	$249M
Short-Term Debt	$0
Deferred Revenue	$241M
Other Current Liabilities	$344M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$3.9B
Deferred Revenue NC	$197M
Deferred Tax Liabilities	$401M
Other Non-Current Liabilities	$274M
TOTAL NON-CURRENT LIABILITIES	$5.0B
TOTAL LIABILITIES	$6.3B
Common Stock	$2M
Additional Paid-In Capital	$1.2B
Retained Earnings	$2.6B
Treasury Stock	-$2.0B
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$4.2B
Net Debt	$3.9B