BR Q4 2016 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

Q4 2016 Earnings

Reported August 9, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$975M	$689M	—	41.5%	—
Op. Income	$270M	$101M	—	168.7%	—
Gross Margin	39.8%	29.4%	—	10.5pp	—
Net Margin	17.5%	9.2%	—	8.2pp	—
EPS (Diluted)	$1.40	$0.52	—	169.2%	—
Free Cash Flow	$257M	$99M	—	159.0%	—

Revenue Flow

Item	Amount
REVENUE	$975M
Cost of Revenue	$586M
GROSS PROFIT	$388M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$118M
SG&A Expenses	$118M
Other Expenses	$0
Operating Expenses	$118M
Cost & Expenses	$704M
OPERATING INCOME	$270M
Interest Income	$700.0K
Interest Expense	$7M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$263M
Income Tax Expense	$93M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$28M
EBIT	$270M
EBITDA	$299M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$975M
Cost of Revenue	$586M
GROSS PROFIT	$388M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$118M
SG&A Expenses	$118M
Other Expenses	$0
Operating Expenses	$118M
Cost & Expenses	$704M
OPERATING INCOME	$270M
Interest Income	$700.0K
Interest Expense	$7M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$263M
Income Tax Expense	$93M
Net Income from Continuing Ops	$170M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$170M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$170M
D&A	$28M
EBIT	$270M
EBITDA	$299M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$170M
Depreciation & Amortization	$21M
Stock-Based Compensation	$9M
Deferred Income Tax	$15M
Other Non-Cash Items	-$9M
Change in Working Capital	$71M
OPERATING CASH FLOW	$277M
Capital Expenditure	-$19M
Acquisitions (Net)	-$39M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$100.0K
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	$203M
Common Stock Repurchased	-$23M
Common Dividends Paid	-$35M
Other Financing Activities	$3M
NET CASH FROM FINANCING	$148M
FREE CASH FLOW	$257M
Net Change in Cash	$373M

Balance Sheet

Item	Amount
Cash & Equivalents	$728M
Short-Term Investments	$0
Net Receivables	$453M
Inventory	$8M
Other Current Assets	$100M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$112M
Goodwill	$999M
Intangible Assets	$210M
Long-Term Investments	$49M
Tax Assets	-$49M
Other Non-Current Assets	$269M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.9B
Account Payables	$133M
Short-Term Debt	$125M
Deferred Revenue	$83M
Other Current Liabilities	$202M
TOTAL CURRENT LIABILITIES	$693M
Long-Term Debt	$891M
Deferred Revenue NC	$70M
Deferred Tax Liabilities	$62M
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.8B
Common Stock	$2M
Additional Paid-In Capital	$901M
Retained Earnings	$1.3B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$38M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$1.0B
Net Debt	$288M