BR FY 2023 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

FY 2023 Earnings

Reported August 8, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$6.1B	—	$5.7B	—	6.2%
Op. Income	$936M	—	$760M	—	23.2%
Gross Margin	29.5%	—	27.9%	—	1.6pp
Net Margin	10.4%	—	9.4%	—	1.0pp
EPS (Diluted)	$5.30	—	$4.55	—	16.5%
Free Cash Flow	$748M	—	$370M	—	102.0%

Revenue Flow

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$4.3B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$849M
Other Expenses	$0
Operating Expenses	$849M
Cost & Expenses	$5.1B
OPERATING INCOME	$936M
Interest Income	$8M
Interest Expense	$144M
Other Income/Expenses	-$142M
INCOME BEFORE TAX	$795M
Income Tax Expense	$164M
Net Income from Continuing Ops	$631M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$631M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$631M
D&A	$425M
EBIT	$936M
EBITDA	$1.4B
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$6.1B
Cost of Revenue	$4.3B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$849M
Other Expenses	$0
Operating Expenses	$849M
Cost & Expenses	$5.1B
OPERATING INCOME	$936M
Interest Income	$8M
Interest Expense	$144M
Other Income/Expenses	-$142M
INCOME BEFORE TAX	$795M
Income Tax Expense	$164M
Net Income from Continuing Ops	$631M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$631M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$631M
D&A	$425M
EBIT	$936M
EBITDA	$1.4B
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$631M
Depreciation & Amortization	$299M
Stock-Based Compensation	$73M
Deferred Income Tax	-$51M
Other Non-Cash Items	$101M
Change in Working Capital	-$230M
OPERATING CASH FLOW	$823M
Capital Expenditure	-$75M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	-$385M
Common Stock Repurchased	-$24M
Common Dividends Paid	-$331M
Other Financing Activities	$26M
NET CASH FROM FINANCING	-$715M
FREE CASH FLOW	$748M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$252M
Short-Term Investments	$0
Net Receivables	$974M
Inventory	$34M
Other Current Assets	$166M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$146M
Goodwill	$3.5B
Intangible Assets	$1.5B
Long-Term Investments	$242M
Tax Assets	$695M
Other Non-Current Assets	$829M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$8.2B
Account Payables	$157M
Short-Term Debt	$1.2B
Deferred Revenue	$200M
Other Current Liabilities	$416M
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$2.2B
Deferred Revenue NC	$493M
Deferred Tax Liabilities	$391M
Other Non-Current Liabilities	$278M
TOTAL NON-CURRENT LIABILITIES	$3.6B
TOTAL LIABILITIES	$6.0B
Common Stock	$2M
Additional Paid-In Capital	$1.4B
Retained Earnings	$3.1B
Treasury Stock	-$2.0B
Accum. Other Comp. Income	-$285M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$3.7B
Net Debt	$3.4B