CMTL FY 2014 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2014 Earnings

Reported October 9, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$347M	—	$320M	—	8.6%
Op. Income	$44M	—	$34M	—	27.3%
Gross Margin	43.6%	—	44.0%	—	-0.4pp
Net Margin	7.2%	—	5.6%	—	1.7pp
EPS (Diluted)	$1.37	—	$0.97	—	41.2%
Free Cash Flow	$30M	—	$32M	—	-8.3%

Revenue Flow

Item	Amount
REVENUE	$347M
Cost of Revenue	$196M
GROSS PROFIT	$151M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$6M
Operating Expenses	$108M
Cost & Expenses	$303M
OPERATING INCOME	$44M
Interest Income	$913.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$39M
Income Tax Expense	$13M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$14M
EBIT	$44M
EBITDA	$58M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$347M
Cost of Revenue	$196M
GROSS PROFIT	$151M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$6M
Operating Expenses	$108M
Cost & Expenses	$303M
OPERATING INCOME	$44M
Interest Income	$913.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$39M
Income Tax Expense	$13M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$14M
EBIT	$44M
EBITDA	$58M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	-$404.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$5M
Acquisitions (Net)	-$49M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$49M
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	-$150M
Common Stock Repurchased	-$71M
Common Dividends Paid	-$19M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$232M
FREE CASH FLOW	$30M
Net Change in Cash	-$202M

Balance Sheet

Item	Amount
Cash & Equivalents	$155M
Short-Term Investments	$0
Net Receivables	$55M
Inventory	$61M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$291M
PP&E (Net)	$19M
Goodwill	$137M
Intangible Assets	$26M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$898.0K
TOTAL NON-CURRENT ASSETS	$183M
TOTAL ASSETS	$474M
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$13M
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$66M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$11M
TOTAL LIABILITIES	$77M
Common Stock	$3M
Additional Paid-In Capital	$421M
Retained Earnings	$409M
Treasury Stock	-$437M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$397M
Minority Interest	$0
TOTAL EQUITY	$397M
TOTAL LIABILITIES & EQUITY	$474M
Total Debt	$0
Net Debt	-$155M