DFIN FY 2014 Earnings Report — Donnelley Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Donnelley Financial Solutions, Inc.DFIN

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	-0.5%
Op. Income	$91M	—	$161M	—	-43.5%
Gross Margin	39.5%	—	36.9%	—	2.6pp
Net Margin	5.3%	—	8.9%	—	-3.6pp
EPS (Diluted)	$1.76	—	$2.94	—	-40.1%
Free Cash Flow	$97M	—	$120M	—	-19.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$653M
GROSS PROFIT	$427M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$291M
Other Expenses	$46M
Operating Expenses	$336M
Cost & Expenses	$989M
OPERATING INCOME	$91M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$92M
Income Tax Expense	$35M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$41M
EBIT	$94M
EBITDA	$135M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$653M
GROSS PROFIT	$427M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$291M
Other Expenses	$46M
Operating Expenses	$336M
Cost & Expenses	$989M
OPERATING INCOME	$91M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$2M
INCOME BEFORE TAX	$92M
Income Tax Expense	$35M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$41M
EBIT	$94M
EBITDA	$135M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$41M
Stock-Based Compensation	$2M
Deferred Income Tax	-$13M
Other Non-Cash Items	$91M
Change in Working Capital	-$52M
OPERATING CASH FLOW	$125M
Capital Expenditure	-$29M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$28M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$63M
NET CASH FROM FINANCING	-$90M
FREE CASH FLOW	$97M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$138M
Inventory	$23M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$203M
PP&E (Net)	$37M
Goodwill	$449M
Intangible Assets	$123M
Long-Term Investments	$0
Tax Assets	$169M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$791M
TOTAL ASSETS	$994M
Account Payables	$35M
Short-Term Debt	$33M
Deferred Revenue	$0
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$141M
Long-Term Debt	$44M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$458M
TOTAL NON-CURRENT LIABILITIES	$502M
TOTAL LIABILITIES	$643M
Common Stock	$1.0B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$674M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$352M
Minority Interest	$0
TOTAL EQUITY	$352M
TOTAL LIABILITIES & EQUITY	$994M
Total Debt	$77M
Net Debt	$48M