CSGS FY 2018 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$875M	—	$790M	—	10.8%
Op. Income	$105M	—	$106M	—	-0.7%
Gross Margin	48.6%	—	50.0%	—	-1.4pp
Net Margin	7.6%	—	7.8%	—	-0.2pp
EPS (Diluted)	$2.01	—	$1.87	—	7.5%
Free Cash Flow	$86M	—	$86M	—	0.2%

Revenue Flow

Item	Amount
REVENUE	$875M
Cost of Revenue	$450M
GROSS PROFIT	$425M
R&D Expenses	$124M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$169M
Other Expenses	$550.0K
Operating Expenses	$312M
Cost & Expenses	$761M
OPERATING INCOME	$105M
Interest Income	$3M
Interest Expense	$20M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$87M
Income Tax Expense	$21M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$61M
EBIT	$107M
EBITDA	$168M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$875M
Cost of Revenue	$450M
GROSS PROFIT	$425M
R&D Expenses	$124M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$169M
Other Expenses	$550.0K
Operating Expenses	$312M
Cost & Expenses	$761M
OPERATING INCOME	$105M
Interest Income	$3M
Interest Expense	$20M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$87M
Income Tax Expense	$21M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$61M
EBIT	$107M
EBITDA	$168M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$63M
Stock-Based Compensation	$19M
Deferred Income Tax	$5M
Other Non-Cash Items	$5M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$143M
Capital Expenditure	-$57M
Acquisitions (Net)	-$145M
Purchases of Investments	-$75M
Sales/Maturities of Investments	$191M
Other Investing Activities	$116M
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	$24M
Common Stock Repurchased	-$35M
Common Dividends Paid	-$28M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$38M
FREE CASH FLOW	$86M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$139M
Short-Term Investments	$24M
Net Receivables	$280M
Inventory	$0
Other Current Assets	$157M
TOTAL CURRENT ASSETS	$600M
PP&E (Net)	$82M
Goodwill	$256M
Intangible Assets	$102M
Long-Term Investments	$37M
Tax Assets	$11M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$515M
TOTAL ASSETS	$1.1B
Account Payables	$45M
Short-Term Debt	$8M
Deferred Revenue	$77M
Other Current Liabilities	$196M
TOTAL CURRENT LIABILITIES	$350M
Long-Term Debt	$352M
Deferred Revenue NC	$18M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$403M
TOTAL LIABILITIES	$753M
Common Stock	$693.0K
Additional Paid-In Capital	$441M
Retained Earnings	$795M
Treasury Stock	-$842M
Accum. Other Comp. Income	-$43M
Other Equity	$9M
TOTAL STOCKHOLDERS' EQUITY	$361M
Minority Interest	$0
TOTAL EQUITY	$361M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$360M
Net Debt	$221M