CMTL FY 2015 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2015 Earnings

Reported October 1, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$307M	—	$347M	—	-11.5%
Op. Income	$34M	—	$44M	—	-22.4%
Gross Margin	45.2%	—	43.6%	—	1.6pp
Net Margin	7.6%	—	7.2%	—	0.3pp
EPS (Diluted)	$1.42	—	$1.37	—	3.6%
Free Cash Flow	$18M	—	$30M	—	-38.1%

Revenue Flow

Item	Amount
REVENUE	$307M
Cost of Revenue	$168M
GROSS PROFIT	$139M
R&D Expenses	$36M
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$6M
Operating Expenses	$105M
Cost & Expenses	$273M
OPERATING INCOME	$34M
Interest Income	$405.0K
Interest Expense	$479.0K
Other Income/Expenses	-$74.0K
INCOME BEFORE TAX	$34M
Income Tax Expense	$11M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$7M
EBIT	$34M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$307M
Cost of Revenue	$168M
GROSS PROFIT	$139M
R&D Expenses	$36M
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$6M
Operating Expenses	$105M
Cost & Expenses	$273M
OPERATING INCOME	$34M
Interest Income	$405.0K
Interest Expense	$479.0K
Other Income/Expenses	-$74.0K
INCOME BEFORE TAX	$34M
Income Tax Expense	$11M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$7M
EBIT	$34M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	-$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$3M
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	-$19M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$18M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$151M
Short-Term Investments	$0
Net Receivables	$69M
Inventory	$62M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$301M
PP&E (Net)	$15M
Goodwill	$137M
Intangible Assets	$20M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$388.0K
TOTAL NON-CURRENT ASSETS	$173M
TOTAL ASSETS	$474M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$14M
Other Current Liabilities	$5M
TOTAL CURRENT LIABILITIES	$64M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$8M
TOTAL LIABILITIES	$72M
Common Stock	$3M
Additional Paid-In Capital	$427M
Retained Earnings	$413M
Treasury Stock	-$442M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$401M
Minority Interest	$0
TOTAL EQUITY	$401M
TOTAL LIABILITIES & EQUITY	$474M
Total Debt	$0
Net Debt	-$151M