CMTL FY 2018 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2018 Earnings

Reported September 26, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$571M	—	$550M	—	3.7%
Op. Income	$35M	—	$25M	—	39.8%
Gross Margin	39.2%	—	39.6%	—	-0.4pp
Net Margin	5.2%	—	2.9%	—	2.3pp
EPS (Diluted)	$1.24	—	$0.67	—	85.1%
Free Cash Flow	$42M	—	$59M	—	-28.7%

Revenue Flow

Item	Amount
REVENUE	$571M
Cost of Revenue	$347M
GROSS PROFIT	$224M
R&D Expenses	$54M
Selling & Marketing	$0
General & Administrative	$114M
SG&A Expenses	$114M
Other Expenses	$21M
Operating Expenses	$189M
Cost & Expenses	$536M
OPERATING INCOME	$35M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$25M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$35M
EBIT	$35M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$571M
Cost of Revenue	$347M
GROSS PROFIT	$224M
R&D Expenses	$54M
Selling & Marketing	$0
General & Administrative	$114M
SG&A Expenses	$114M
Other Expenses	$21M
Operating Expenses	$189M
Cost & Expenses	$536M
OPERATING INCOME	$35M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$25M
Income Tax Expense	-$5M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$35M
EBIT	$35M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$35M
Stock-Based Compensation	$9M
Deferred Income Tax	-$6M
Other Non-Cash Items	$8M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$50M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	-$31M
Common Stock Repurchased	-$855M
Common Dividends Paid	-$10M
Other Financing Activities	$38.0K
NET CASH FROM FINANCING	-$40M
FREE CASH FLOW	$42M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$0
Net Receivables	$147M
Inventory	$75M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$280M
PP&E (Net)	$29M
Goodwill	$291M
Intangible Assets	$241M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$565M
TOTAL ASSETS	$845M
Account Payables	$44M
Short-Term Debt	$17M
Deferred Revenue	$34M
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$165M
Long-Term Debt	$148M
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$174M
TOTAL LIABILITIES	$339M
Common Stock	$4M
Additional Paid-In Capital	$538M
Retained Earnings	$405M
Treasury Stock	-$442M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$506M
Minority Interest	$0
TOTAL EQUITY	$506M
TOTAL LIABILITIES & EQUITY	$845M
Total Debt	$168M
Net Debt	$124M