CSGS FY 2023 Earnings Report — CSG Systems International, Inc. Revenue & Financial Results | Market Cap Arena

CSG Systems International, Inc.CSGS

FY 2023 Earnings

Reported February 16, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	7.3%
Op. Income	$124M	—	$79M	—	57.3%
Gross Margin	47.4%	—	48.1%	—	-0.7pp
Net Margin	5.7%	—	4.0%	—	1.6pp
EPS (Diluted)	$2.20	—	$1.41	—	56.0%
Free Cash Flow	$104M	—	$27M	—	290.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$615M
GROSS PROFIT	$554M
R&D Expenses	$143M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$248M
Other Expenses	$40M
Operating Expenses	$430M
Cost & Expenses	$1.0B
OPERATING INCOME	$124M
Interest Income	$4M
Interest Expense	$31M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$92M
Income Tax Expense	$26M
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	$71M
EBIT	$124M
EBITDA	$195M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$615M
GROSS PROFIT	$554M
R&D Expenses	$143M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$248M
Other Expenses	$40M
Operating Expenses	$430M
Cost & Expenses	$1.0B
OPERATING INCOME	$124M
Interest Income	$4M
Interest Expense	$31M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$92M
Income Tax Expense	$26M
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	$71M
EBIT	$124M
EBITDA	$195M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$69M
Stock-Based Compensation	$29M
Deferred Income Tax	-$24M
Other Non-Cash Items	-$100.0K
Change in Working Capital	-$9M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$71.0K
Other Investing Activities	$0
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	$143M
Common Stock Repurchased	-$127M
Common Dividends Paid	-$34M
Other Financing Activities	-$16M
NET CASH FROM FINANCING	-$31M
FREE CASH FLOW	$104M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$186M
Short-Term Investments	$0
Net Receivables	$351M
Inventory	$0
Other Current Assets	$325M
TOTAL CURRENT ASSETS	$862M
PP&E (Net)	$100M
Goodwill	$309M
Intangible Assets	$105M
Long-Term Investments	$0
Tax Assets	$58M
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$581M
TOTAL ASSETS	$1.4B
Account Payables	$46M
Short-Term Debt	$8M
Deferred Revenue	$41M
Other Current Liabilities	$364M
TOTAL CURRENT LIABILITIES	$561M
Long-Term Debt	$535M
Deferred Revenue NC	$23M
Deferred Tax Liabilities	$123.0K
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$609M
TOTAL LIABILITIES	$1.2B
Common Stock	$713.0K
Additional Paid-In Capital	$491M
Retained Earnings	$968M
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$273M
Minority Interest	$0
TOTAL EQUITY	$273M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$593M
Net Debt	$407M