CSGS FY 2016 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$761M	—	$753M	—	1.1%
Op. Income	$133M	—	$113M	—	17.2%
Gross Margin	50.7%	—	49.5%	—	1.2pp
Net Margin	8.3%	—	8.3%	—	-0.1pp
EPS (Diluted)	$1.90	—	$1.87	—	1.6%
Free Cash Flow	$62M	—	$110M	—	-43.4%

Revenue Flow

Item	Amount
REVENUE	$761M
Cost of Revenue	$375M
GROSS PROFIT	$386M
R&D Expenses	$99M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$140M
Other Expenses	-$5M
Operating Expenses	$253M
Cost & Expenses	$628M
OPERATING INCOME	$133M
Interest Income	$2M
Interest Expense	$21M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$100M
Income Tax Expense	$37M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$41M
EBIT	$121M
EBITDA	$162M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$761M
Cost of Revenue	$375M
GROSS PROFIT	$386M
R&D Expenses	$99M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$140M
Other Expenses	-$5M
Operating Expenses	$253M
Cost & Expenses	$628M
OPERATING INCOME	$133M
Interest Income	$2M
Interest Expense	$21M
Other Income/Expenses	-$33M
INCOME BEFORE TAX	$100M
Income Tax Expense	$37M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$41M
EBIT	$121M
EBITDA	$162M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$41M
Stock-Based Compensation	$23M
Deferred Income Tax	-$3M
Other Non-Cash Items	$2M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$22M
Acquisitions (Net)	$9M
Purchases of Investments	-$197M
Sales/Maturities of Investments	$158M
Other Investing Activities	-$38M
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	$7M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$24M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$43M
FREE CASH FLOW	$62M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$150M
Net Receivables	$252M
Inventory	$0
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$560M
PP&E (Net)	$33M
Goodwill	$201M
Intangible Assets	$71M
Long-Term Investments	$0
Tax Assets	$14M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$332M
TOTAL ASSETS	$892M
Account Payables	$35M
Short-Term Debt	$49M
Deferred Revenue	$79M
Other Current Liabilities	$128M
TOTAL CURRENT LIABILITIES	$292M
Long-Term Debt	$327M
Deferred Revenue NC	$7M
Deferred Tax Liabilities	$99.0K
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$349M
TOTAL LIABILITIES	$641M
Common Stock	$672.0K
Additional Paid-In Capital	$391M
Retained Earnings	$715M
Treasury Stock	-$826M
Accum. Other Comp. Income	-$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$251M
Minority Interest	$0
TOTAL EQUITY	$251M
TOTAL LIABILITIES & EQUITY	$892M
Total Debt	$376M
Net Debt	$250M