CSGS FY 2014 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$751M	—	$747M	—	0.5%
Op. Income	$76M	—	$77M	—	-1.3%
Gross Margin	48.2%	—	49.5%	—	-1.4pp
Net Margin	4.9%	—	6.9%	—	-2.0pp
EPS (Diluted)	$1.10	—	$1.56	—	-29.5%
Free Cash Flow	$52M	—	$89M	—	-41.8%

Revenue Flow

Item	Amount
REVENUE	$751M
Cost of Revenue	$389M
GROSS PROFIT	$362M
R&D Expenses	$105M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$153M
Other Expenses	$1M
Operating Expenses	$272M
Cost & Expenses	$662M
OPERATING INCOME	$76M
Interest Income	$798.0K
Interest Expense	$16M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$62M
Income Tax Expense	$25M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$48M
EBIT	$78M
EBITDA	$123M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$751M
Cost of Revenue	$389M
GROSS PROFIT	$362M
R&D Expenses	$105M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$153M
Other Expenses	$1M
Operating Expenses	$272M
Cost & Expenses	$662M
OPERATING INCOME	$76M
Interest Income	$798.0K
Interest Expense	$16M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$62M
Income Tax Expense	$25M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$48M
EBIT	$78M
EBITDA	$123M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$48M
Stock-Based Compensation	$17M
Deferred Income Tax	$41.0K
Other Non-Cash Items	$5M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$32M
Acquisitions (Net)	$1M
Purchases of Investments	-$190M
Sales/Maturities of Investments	$197M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$23M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$21M
Other Financing Activities	$963.0K
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$52M
Net Change in Cash	-$974.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$82M
Short-Term Investments	$120M
Net Receivables	$231M
Inventory	$13M
Other Current Assets	$46M
TOTAL CURRENT ASSETS	$478M
PP&E (Net)	$38M
Goodwill	$225M
Intangible Assets	$91M
Long-Term Investments	$1M
Tax Assets	$9M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$381M
TOTAL ASSETS	$859M
Account Payables	$37M
Short-Term Debt	$23M
Deferred Revenue	$76M
Other Current Liabilities	$59M
TOTAL CURRENT LIABILITIES	$211M
Long-Term Debt	$233M
Deferred Revenue NC	$10M
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$280M
TOTAL LIABILITIES	$491M
Common Stock	$667.0K
Additional Paid-In Capital	$486M
Retained Earnings	$645M
Treasury Stock	-$757M
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$368M
Minority Interest	$0
TOTAL EQUITY	$368M
TOTAL LIABILITIES & EQUITY	$859M
Total Debt	$256M
Net Debt	$174M