BR Q4 2018 Earnings Report — Broadridge Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Broadridge Financial Solutions, Inc.BR

Q4 2018 Earnings

Reported August 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$1.3B	$1.1B	$1.3B	23.2%	-1.9%
Op. Income	$265M	$131M	$297M	102.9%	-10.6%
Gross Margin	34.1%	25.1%	32.4%	9.0pp	1.7pp
Net Margin	15.7%	10.2%	13.9%	5.5pp	1.8pp
EPS (Diluted)	$1.72	$0.90	$1.57	91.1%	9.6%
Free Cash Flow	$392M	$75M	$310M	423.5%	26.5%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$870M
GROSS PROFIT	$450M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$185M
SG&A Expenses	$185M
Other Expenses	$0
Operating Expenses	$185M
Cost & Expenses	$1.1B
OPERATING INCOME	$265M
Interest Income	$1M
Interest Expense	$11M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$258M
Income Tax Expense	$51M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$207M
D&A	$56M
EBIT	$269M
EBITDA	$326M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$870M
GROSS PROFIT	$450M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$185M
SG&A Expenses	$185M
Other Expenses	$0
Operating Expenses	$185M
Cost & Expenses	$1.1B
OPERATING INCOME	$265M
Interest Income	$1M
Interest Expense	$11M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$258M
Income Tax Expense	$51M
Net Income from Continuing Ops	$207M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$207M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$207M
D&A	$56M
EBIT	$269M
EBITDA	$326M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$207M
Depreciation & Amortization	$43M
Stock-Based Compensation	$16M
Deferred Income Tax	$12M
Other Non-Cash Items	$7M
Change in Working Capital	$133M
OPERATING CASH FLOW	$419M
Capital Expenditure	-$27M
Acquisitions (Net)	-$41M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$72M
Net Debt Issuance	-$150M
Common Stock Repurchased	-$247M
Common Dividends Paid	-$43M
Other Financing Activities	$10M
NET CASH FROM FINANCING	-$430M
FREE CASH FLOW	$392M
Net Change in Cash	-$88M

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	$192M
Short-Term Debt	$0
Deferred Revenue	$106M
Other Current Liabilities	$221M
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