CSGS FY 2017 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$790M	—	$761M	—	3.8%
Op. Income	$106M	—	$133M	—	-20.3%
Gross Margin	50.0%	—	50.7%	—	-0.7pp
Net Margin	7.8%	—	8.3%	—	-0.5pp
EPS (Diluted)	$1.87	—	$1.90	—	-1.6%
Free Cash Flow	$86M	—	$62M	—	38.1%

Revenue Flow

Item	Amount
REVENUE	$790M
Cost of Revenue	$395M
GROSS PROFIT	$395M
R&D Expenses	$113M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$154M
Other Expenses	-$2M
Operating Expenses	$280M
Cost & Expenses	$675M
OPERATING INCOME	$106M
Interest Income	$3M
Interest Expense	$20M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$88M
Income Tax Expense	$26M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$43M
EBIT	$107M
EBITDA	$150M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$790M
Cost of Revenue	$395M
GROSS PROFIT	$395M
R&D Expenses	$113M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$154M
Other Expenses	-$2M
Operating Expenses	$280M
Cost & Expenses	$675M
OPERATING INCOME	$106M
Interest Income	$3M
Interest Expense	$20M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$88M
Income Tax Expense	$26M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$43M
EBIT	$107M
EBITDA	$150M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$43M
Stock-Based Compensation	$21M
Deferred Income Tax	$7M
Other Non-Cash Items	$6M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$127M
Capital Expenditure	-$41M
Acquisitions (Net)	$12M
Purchases of Investments	-$182M
Sales/Maturities of Investments	$193M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$27M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$105M
FREE CASH FLOW	$86M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$122M
Short-Term Investments	$139M
Net Receivables	$265M
Inventory	$0
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$554M
PP&E (Net)	$45M
Goodwill	$210M
Intangible Assets	$71M
Long-Term Investments	$0
Tax Assets	$14M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$350M
TOTAL ASSETS	$905M
Account Payables	$38M
Short-Term Debt	$23M
Deferred Revenue	$73M
Other Current Liabilities	$56M
TOTAL CURRENT LIABILITIES	$223M
Long-Term Debt	$309M
Deferred Revenue NC	$12M
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$339M
TOTAL LIABILITIES	$562M
Common Stock	$689.0K
Additional Paid-In Capital	$427M
Retained Earnings	$749M
Treasury Stock	-$815M
Accum. Other Comp. Income	-$29M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$343M
Minority Interest	$0
TOTAL EQUITY	$343M
TOTAL LIABILITIES & EQUITY	$905M
Total Debt	$332M
Net Debt	$209M