CSGS FY 2009 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2009 Earnings

Reported February 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$501M	—	$472M	—	6.1%
Op. Income	$75M	—	$89M	—	-16.3%
Gross Margin	44.9%	—	48.0%	—	-3.1pp
Net Margin	8.7%	—	13.1%	—	-4.4pp
EPS (Diluted)	$1.26	—	$1.54	—	-18.2%
Free Cash Flow	$96M	—	$93M	—	3.5%

Revenue Flow

Item	Amount
REVENUE	$501M
Cost of Revenue	$276M
GROSS PROFIT	$225M
R&D Expenses	$70M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$20M
Operating Expenses	$150M
Cost & Expenses	$425M
OPERATING INCOME	$75M
Interest Income	$1M
Interest Expense	$6M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$63M
Income Tax Expense	$22M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$34M
EBIT	$69M
EBITDA	$112M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$501M
Cost of Revenue	$276M
GROSS PROFIT	$225M
R&D Expenses	$70M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$60M
Other Expenses	$20M
Operating Expenses	$150M
Cost & Expenses	$425M
OPERATING INCOME	$75M
Interest Income	$1M
Interest Expense	$6M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$63M
Income Tax Expense	$22M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$34M
EBIT	$69M
EBITDA	$112M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$34M
Stock-Based Compensation	$13M
Deferred Income Tax	$18M
Other Non-Cash Items	$6M
Change in Working Capital	$38M
OPERATING CASH FLOW	$153M
Capital Expenditure	-$57M
Acquisitions (Net)	-$7M
Purchases of Investments	-$57M
Sales/Maturities of Investments	$80M
Other Investing Activities	-$15M
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	-$28M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	$145.0K
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$96M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$35M
Net Receivables	$119M
Inventory	$17M
Other Current Assets	$26M
TOTAL CURRENT ASSETS	$339M
PP&E (Net)	$57M
Goodwill	$107M
Intangible Assets	$54M
Long-Term Investments	-$17M
Tax Assets	$17M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$222M
TOTAL ASSETS	$562M
Account Payables	$27M
Short-Term Debt	$0
Deferred Revenue	$26M
Other Current Liabilities	$39M
TOTAL CURRENT LIABILITIES	$119M
Long-Term Debt	$157M
Deferred Revenue NC	$20M
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$231M
TOTAL LIABILITIES	$350M
Common Stock	$636.0K
Additional Paid-In Capital	$409M
Retained Earnings	$479M
Treasury Stock	-$676M
Accum. Other Comp. Income	-$909.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$212M
Minority Interest	$0
TOTAL EQUITY	$212M
TOTAL LIABILITIES & EQUITY	$562M
Total Debt	$163M
Net Debt	-$153.0K