CCSI FY 2020 Earnings Report — Consensus Cloud Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Consensus Cloud Solutions, Inc.CCSI

FY 2020 Earnings

Reported December 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$331M	—	$323M	—	2.7%
Op. Income	$197M	—	$190M	—	3.6%
Gross Margin	83.9%	—	84.5%	—	-0.6pp
Net Margin	46.2%	—	66.0%	—	-19.9pp
EPS (Diluted)	$6.77	—	$10.62	—	-36.3%
Free Cash Flow	$203M	—	$204M	—	-0.3%

Revenue Flow

Item	Amount
REVENUE	$331M
Cost of Revenue	$53M
GROSS PROFIT	$278M
R&D Expenses	$7M
Selling & Marketing	$47M
General & Administrative	$27M
SG&A Expenses	$74M
Other Expenses	$0
Operating Expenses	$81M
Cost & Expenses	$134M
OPERATING INCOME	$197M
Interest Income	$0
Interest Expense	$76M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$152M
Income Tax Expense	$30M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$31M
Other Adjustments	$0
NET INCOME	$153M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$80M
EBIT	$228M
EBITDA	$308M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$331M
Cost of Revenue	$53M
GROSS PROFIT	$278M
R&D Expenses	$7M
Selling & Marketing	$47M
General & Administrative	$27M
SG&A Expenses	$74M
Other Expenses	$0
Operating Expenses	$81M
Cost & Expenses	$134M
OPERATING INCOME	$197M
Interest Income	$0
Interest Expense	$76M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$152M
Income Tax Expense	$30M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$31M
Other Adjustments	$0
NET INCOME	$153M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$80M
EBIT	$228M
EBITDA	$308M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$153M
Depreciation & Amortization	$80M
Stock-Based Compensation	$6M
Deferred Income Tax	$13M
Other Non-Cash Items	$2M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$239M
Capital Expenditure	-$36M
Acquisitions (Net)	-$26M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	-$651M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$472M
NET CASH FROM FINANCING	-$179M
FREE CASH FLOW	$203M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$0
Net Receivables	$16M
Inventory	$0
Other Current Assets	$114M
TOTAL CURRENT ASSETS	$198M
PP&E (Net)	$51M
Goodwill	$342M
Intangible Assets	$49M
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	$807M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.5B
Account Payables	$33M
Short-Term Debt	$0
Deferred Revenue	$25M
Other Current Liabilities	$143M
TOTAL CURRENT LIABILITIES	$205M
Long-Term Debt	$0
Deferred Revenue NC	$240.0K
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$133M
TOTAL NON-CURRENT LIABILITIES	$164M
TOTAL LIABILITIES	$369M
Common Stock	$1.2B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$56M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$28M
Net Debt	-$38M