CRNC FY 2017 Earnings Report — Cerence Inc. Revenue & Financial Results | Market Cap Arena

Cerence Inc.CRNC

FY 2017 Earnings

Reported September 29, 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	$245M	—	$211M	—	15.9%
Op. Income	$66M	—	$50M	—	33.3%
Gross Margin	68.8%	—	67.6%	—	1.2pp
Net Margin	19.3%	—	16.5%	—	2.8pp
EPS (Diluted)	$1.30	—	$0.96	—	35.4%
Free Cash Flow	$92M	—	$106M	—	-12.8%

Revenue Flow

Item	Amount
REVENUE	$245M
Cost of Revenue	$76M
GROSS PROFIT	$168M
R&D Expenses	$57M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$45M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$178M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$63M
Income Tax Expense	$16M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$20M
EBIT	$63M
EBITDA	$83M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$245M
Cost of Revenue	$76M
GROSS PROFIT	$168M
R&D Expenses	$57M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$45M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$178M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$63M
Income Tax Expense	$16M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$20M
EBIT	$63M
EBITDA	$83M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$20M
Stock-Based Compensation	$20M
Deferred Income Tax	-$18M
Other Non-Cash Items	$0
Change in Working Capital	$28M
OPERATING CASH FLOW	$97M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$92M
NET CASH FROM FINANCING	-$92M
FREE CASH FLOW	$92M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$74M
Inventory	$0
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$81M
PP&E (Net)	$13M
Goodwill	$1.1B
Intangible Assets	$51M
Long-Term Investments	$48M
Tax Assets	$67M
Other Non-Current Assets	$247.0K
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.3B
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$67M
Other Current Liabilities	$4M
TOTAL CURRENT LIABILITIES	$94M
Long-Term Debt	$0
Deferred Revenue NC	$233M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$244M
TOTAL LIABILITIES	$339M
Common Stock	$1.0B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$23M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$997M
Minority Interest	$0
TOTAL EQUITY	$997M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	$0