CMTL FY 2019 Earnings Report — Comtech Telecommunications Corp. Revenue & Financial Results | Market Cap Arena

Comtech Telecommunications Corp.CMTL

FY 2019 Earnings

Reported September 24, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$672M	—	$571M	—	17.7%
Op. Income	$41M	—	$35M	—	18.1%
Gross Margin	36.8%	—	39.2%	—	-2.4pp
Net Margin	3.7%	—	5.2%	—	-1.5pp
EPS (Diluted)	$1.03	—	$1.24	—	-16.9%
Free Cash Flow	$59M	—	$42M	—	42.1%

Revenue Flow

Item	Amount
REVENUE	$672M
Cost of Revenue	$424M
GROSS PROFIT	$247M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$129M
SG&A Expenses	$129M
Other Expenses	$18M
Operating Expenses	$203M
Cost & Expenses	$628M
OPERATING INCOME	$41M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$29M
Income Tax Expense	$4M
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	$30M
EBIT	$38M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$672M
Cost of Revenue	$424M
GROSS PROFIT	$247M
R&D Expenses	$56M
Selling & Marketing	$0
General & Administrative	$129M
SG&A Expenses	$129M
Other Expenses	$18M
Operating Expenses	$203M
Cost & Expenses	$628M
OPERATING INCOME	$41M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$12M
INCOME BEFORE TAX	$29M
Income Tax Expense	$4M
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	$30M
EBIT	$38M
EBITDA	$68M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$30M
Stock-Based Compensation	$11M
Deferred Income Tax	$4M
Other Non-Cash Items	$15M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$68M
Capital Expenditure	-$9M
Acquisitions (Net)	-$36M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$10.0B
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$935M
Common Dividends Paid	-$10M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$21M
FREE CASH FLOW	$59M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$0
Net Receivables	$145M
Inventory	$75M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$280M
PP&E (Net)	$28M
Goodwill	$310M
Intangible Assets	$262M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$607M
TOTAL ASSETS	$888M
Account Payables	$24M
Short-Term Debt	$0
Deferred Revenue	$39M
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$145M
Long-Term Debt	$165M
Deferred Revenue NC	$11M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$207M
TOTAL LIABILITIES	$353M
Common Stock	$4M
Additional Paid-In Capital	$553M
Retained Earnings	$420M
Treasury Stock	-$442M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$535M
Minority Interest	$0
TOTAL EQUITY	$535M
TOTAL LIABILITIES & EQUITY	$888M
Total Debt	$166M
Net Debt	$120M