CSGS FY 2021 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2021 Earnings

Reported February 18, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.0B	—	$991M	—	5.6%
Op. Income	$124M	—	$106M	—	17.6%
Gross Margin	48.1%	—	45.9%	—	2.2pp
Net Margin	6.9%	—	5.9%	—	1.0pp
EPS (Diluted)	$2.26	—	$1.82	—	24.2%
Free Cash Flow	$114M	—	$144M	—	-20.8%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$543M
GROSS PROFIT	$503M
R&D Expenses	$135M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$215M
Other Expenses	$30M
Operating Expenses	$379M
Cost & Expenses	$922M
OPERATING INCOME	$124M
Interest Income	$365.0K
Interest Expense	$18M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$101M
Income Tax Expense	$29M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$73M
EBIT	$119M
EBITDA	$191M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$543M
GROSS PROFIT	$503M
R&D Expenses	$135M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$215M
Other Expenses	$30M
Operating Expenses	$379M
Cost & Expenses	$922M
OPERATING INCOME	$124M
Interest Income	$365.0K
Interest Expense	$18M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$101M
Income Tax Expense	$29M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$73M
EBIT	$119M
EBITDA	$191M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$73M
Stock-Based Compensation	$21M
Deferred Income Tax	$2M
Other Non-Cash Items	$10M
Change in Working Capital	-$39M
OPERATING CASH FLOW	$140M
Capital Expenditure	-$27M
Acquisitions (Net)	-$64M
Purchases of Investments	-$67M
Sales/Maturities of Investments	$90M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	$22M
Common Stock Repurchased	-$42M
Common Dividends Paid	-$33M
Other Financing Activities	$17M
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$114M
Net Change in Cash	$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$206M
Short-Term Investments	$28M
Net Receivables	$287M
Inventory	$0
Other Current Assets	$228M
TOTAL CURRENT ASSETS	$748M
PP&E (Net)	$160M
Goodwill	$321M
Intangible Assets	$134M
Long-Term Investments	$0
Tax Assets	$9M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$639M
TOTAL ASSETS	$1.4B
Account Payables	$35M
Short-Term Debt	$238M
Deferred Revenue	$97M
Other Current Liabilities	$301M
TOTAL CURRENT LIABILITIES	$695M
Long-Term Debt	$137M
Deferred Revenue NC	$20M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$252M
TOTAL LIABILITIES	$947M
Common Stock	$705.0K
Additional Paid-In Capital	$488M
Retained Earnings	$916M
Treasury Stock	-$930M
Accum. Other Comp. Income	-$38M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$437M
Minority Interest	$4M
TOTAL EQUITY	$440M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$468M
Net Debt	$262M