CSGS FY 2011 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2011 Earnings

Reported March 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$735M	—	$549M	—	33.7%
Op. Income	$96M	—	$74M	—	29.5%
Gross Margin	50.2%	—	47.2%	—	3.0pp
Net Margin	5.8%	—	4.1%	—	1.7pp
EPS (Diluted)	$1.28	—	$0.67	—	91.0%
Free Cash Flow	$39M	—	$102M	—	-62.1%

Revenue Flow

Item	Amount
REVENUE	$735M
Cost of Revenue	$366M
GROSS PROFIT	$369M
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$128M
Other Expenses	$25M
Operating Expenses	$265M
Cost & Expenses	$631M
OPERATING INCOME	$96M
Interest Income	$764.0K
Interest Expense	$17M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$76M
Income Tax Expense	$34M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$68M
EBIT	$98M
EBITDA	$161M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$735M
Cost of Revenue	$366M
GROSS PROFIT	$369M
R&D Expenses	$111M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$128M
Other Expenses	$25M
Operating Expenses	$265M
Cost & Expenses	$631M
OPERATING INCOME	$96M
Interest Income	$764.0K
Interest Expense	$17M
Other Income/Expenses	-$20M
INCOME BEFORE TAX	$76M
Income Tax Expense	$34M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$68M
EBIT	$98M
EBITDA	$161M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$68M
Stock-Based Compensation	$12M
Deferred Income Tax	$4M
Other Non-Cash Items	$4M
Change in Working Capital	-$69M
OPERATING CASH FLOW	$61M
Capital Expenditure	-$22M
Acquisitions (Net)	$9M
Purchases of Investments	-$47M
Sales/Maturities of Investments	$43M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	-$72M
Common Stock Repurchased	-$14M
Common Dividends Paid	$0
Other Financing Activities	$623.0K
NET CASH FROM FINANCING	-$84M
FREE CASH FLOW	$39M
Net Change in Cash	-$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$147M
Short-Term Investments	$12M
Net Receivables	$215M
Inventory	$20M
Other Current Assets	$36M
TOTAL CURRENT ASSETS	$410M
PP&E (Net)	$41M
Goodwill	$223M
Intangible Assets	$128M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$408M
TOTAL ASSETS	$818M
Account Payables	$27M
Short-Term Debt	$27M
Deferred Revenue	$45M
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$197M
Long-Term Debt	$283M
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$31M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$346M
TOTAL LIABILITIES	$543M
Common Stock	$645.0K
Additional Paid-In Capital	$449M
Retained Earnings	$544M
Treasury Stock	-$715M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$275M
Minority Interest	$0
TOTAL EQUITY	$275M
TOTAL LIABILITIES & EQUITY	$818M
Total Debt	$310M
Net Debt	$163M