CSGS FY 2010 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2010 Earnings

Reported March 8, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$549M	—	$501M	—	9.7%
Op. Income	$74M	—	$75M	—	-0.5%
Gross Margin	47.2%	—	44.9%	—	2.3pp
Net Margin	4.1%	—	8.7%	—	-4.6pp
EPS (Diluted)	$0.67	—	$1.26	—	-46.8%
Free Cash Flow	$102M	—	$96M	—	6.1%

Revenue Flow

Item	Amount
REVENUE	$549M
Cost of Revenue	$290M
GROSS PROFIT	$260M
R&D Expenses	$78M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$83M
Other Expenses	$22M
Operating Expenses	$183M
Cost & Expenses	$473M
OPERATING INCOME	$74M
Interest Income	$754.0K
Interest Expense	$7M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$34M
Income Tax Expense	$11M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$42M
EBIT	$48M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$549M
Cost of Revenue	$290M
GROSS PROFIT	$260M
R&D Expenses	$78M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$83M
Other Expenses	$22M
Operating Expenses	$183M
Cost & Expenses	$473M
OPERATING INCOME	$74M
Interest Income	$754.0K
Interest Expense	$7M
Other Income/Expenses	-$41M
INCOME BEFORE TAX	$34M
Income Tax Expense	$11M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$42M
EBIT	$48M
EBITDA	$89M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$42M
Stock-Based Compensation	$12M
Deferred Income Tax	$3M
Other Non-Cash Items	$32M
Change in Working Capital	$9M
OPERATING CASH FLOW	$121M
Capital Expenditure	-$19M
Acquisitions (Net)	-$260M
Purchases of Investments	-$65M
Sales/Maturities of Investments	$82M
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$275M
Net Debt Issuance	$234M
Common Stock Repurchased	-$34M
Common Dividends Paid	$0
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$186M
FREE CASH FLOW	$102M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$18M
Net Receivables	$195M
Inventory	$14M
Other Current Assets	$31M
TOTAL CURRENT ASSETS	$440M
PP&E (Net)	$52M
Goodwill	$209M
Intangible Assets	$147M
Long-Term Investments	-$10M
Tax Assets	$10M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$429M
TOTAL ASSETS	$868M
Account Payables	$25M
Short-Term Debt	$70M
Deferred Revenue	$56M
Other Current Liabilities	$64M
TOTAL CURRENT LIABILITIES	$268M
Long-Term Debt	$305M
Deferred Revenue NC	$16M
Deferred Tax Liabilities	$25M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$363M
TOTAL LIABILITIES	$631M
Common Stock	$641.0K
Additional Paid-In Capital	$440M
Retained Earnings	$502M
Treasury Stock	-$705M
Accum. Other Comp. Income	-$25.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$237M
Minority Interest	$0
TOTAL EQUITY	$237M
TOTAL LIABILITIES & EQUITY	$868M
Total Debt	$375M
Net Debt	$177M