CMTL FY 2017 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2017 Earnings

Reported September 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$550M	—	$411M	—	33.9%
Op. Income	$25M	—	$21M	—	20.4%
Gross Margin	39.6%	—	41.7%	—	-2.0pp
Net Margin	2.9%	—	-1.9%	—	4.8pp
EPS (Diluted)	$0.67	—	$-0.46	—	245.7%
Free Cash Flow	$59M	—	$9M	—	528.9%

Revenue Flow

Item	Amount
REVENUE	$550M
Cost of Revenue	$332M
GROSS PROFIT	$218M
R&D Expenses	$54M
Selling & Marketing	$0
General & Administrative	$116M
SG&A Expenses	$116M
Other Expenses	$23M
Operating Expenses	$193M
Cost & Expenses	$525M
OPERATING INCOME	$25M
Interest Income	$68.0K
Interest Expense	$12M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$25M
Income Tax Expense	$10M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$37M
EBIT	$25M
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$550M
Cost of Revenue	$332M
GROSS PROFIT	$218M
R&D Expenses	$54M
Selling & Marketing	$0
General & Administrative	$116M
SG&A Expenses	$116M
Other Expenses	$23M
Operating Expenses	$193M
Cost & Expenses	$525M
OPERATING INCOME	$25M
Interest Income	$68.0K
Interest Expense	$12M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$25M
Income Tax Expense	$10M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$37M
EBIT	$25M
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$37M
Stock-Based Compensation	$9M
Deferred Income Tax	$9M
Other Non-Cash Items	-$7M
Change in Working Capital	$3M
OPERATING CASH FLOW	$67M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$64M
Common Stock Repurchased	-$694M
Common Dividends Paid	-$19M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$83M
FREE CASH FLOW	$59M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$0
Net Receivables	$125M
Inventory	$61M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$241M
PP&E (Net)	$33M
Goodwill	$291M
Intangible Assets	$262M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$591M
TOTAL ASSETS	$832M
Account Payables	$29M
Short-Term Debt	$15M
Deferred Revenue	$26M
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$144M
Long-Term Debt	$176M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$17M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$208M
TOTAL LIABILITIES	$352M
Common Stock	$4M
Additional Paid-In Capital	$533M
Retained Earnings	$385M
Treasury Stock	-$442M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$480M
Minority Interest	$0
TOTAL EQUITY	$480M
TOTAL LIABILITIES & EQUITY	$832M
Total Debt	$196M
Net Debt	$154M