CRVL FY 2017 Earnings Report — CorVel Corporation Revenue & Financial Results | Market Cap Arena

CorVel CorporationCRVL

FY 2017 Earnings

Reported June 9, 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	$519M	—	$504M	—	3.0%
Op. Income	$48M	—	$46M	—	3.2%
Gross Margin	20.2%	—	20.8%	—	-0.6pp
Net Margin	5.7%	—	5.7%	—	0.0pp
EPS (Diluted)	$1.51	—	$1.43	—	5.6%
Free Cash Flow	$21M	—	$35M	—	-39.2%

Revenue Flow

Item	Amount
REVENUE	$519M
Cost of Revenue	$414M
GROSS PROFIT	$105M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$57M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$57M
Cost & Expenses	$471M
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$18M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$21M
EBIT	$48M
EBITDA	$69M
EPS	$1
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$519M
Cost of Revenue	$414M
GROSS PROFIT	$105M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$57M
SG&A Expenses	$57M
Other Expenses	$0
Operating Expenses	$57M
Cost & Expenses	$471M
OPERATING INCOME	$48M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$18M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$21M
EBIT	$48M
EBITDA	$69M
EPS	$1
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$21M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$34.0K
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	$0
Common Stock Repurchased	-$28M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$21M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$63M
Inventory	$0
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$129M
PP&E (Net)	$63M
Goodwill	$37M
Intangible Assets	$4M
Long-Term Investments	$2M
Tax Assets	$15M
Other Non-Current Assets	-$14M
TOTAL NON-CURRENT ASSETS	$107M
TOTAL ASSETS	$235M
Account Payables	$14M
Short-Term Debt	$0
Deferred Revenue	$43M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$90M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$7M
TOTAL LIABILITIES	$97M
Common Stock	$3.0K
Additional Paid-In Capital	$136M
Retained Earnings	$423M
Treasury Stock	-$420M
Accum. Other Comp. Income	-$144M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$139M
Minority Interest	$0
TOTAL EQUITY	$139M
TOTAL LIABILITIES & EQUITY	$235M
Total Debt	$0
Net Debt	-$29M