DFIN FY 2016 Earnings Report — Donnelley Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Donnelley Financial Solutions, Inc.DFIN

FY 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$984M	—	$1.0B	—	-6.3%
Op. Income	$105M	—	$173M	—	-39.2%
Gross Margin	37.1%	—	39.8%	—	-2.8pp
Net Margin	6.0%	—	9.9%	—	-3.9pp
EPS (Diluted)	$1.80	—	$3.19	—	-43.6%
Free Cash Flow	$80M	—	$94M	—	-14.9%

Revenue Flow

Item	Amount
REVENUE	$984M
Cost of Revenue	$619M
GROSS PROFIT	$365M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$211M
Other Expenses	$49M
Operating Expenses	$260M
Cost & Expenses	$879M
OPERATING INCOME	$105M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$94M
Income Tax Expense	$35M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$43M
EBIT	$106M
EBITDA	$149M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$984M
Cost of Revenue	$619M
GROSS PROFIT	$365M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$211M
Other Expenses	$49M
Operating Expenses	$260M
Cost & Expenses	$879M
OPERATING INCOME	$105M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$94M
Income Tax Expense	$35M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$43M
EBIT	$106M
EBITDA	$149M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$43M
Stock-Based Compensation	$3M
Deferred Income Tax	-$5M
Other Non-Cash Items	$3M
Change in Working Capital	$3M
OPERATING CASH FLOW	$106M
Capital Expenditure	-$26M
Acquisitions (Net)	$0
Purchases of Investments	-$4M
Sales/Maturities of Investments	$0
Other Investing Activities	$400.0K
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$289M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$349M
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$80M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$0
Net Receivables	$252M
Inventory	$24M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$330M
PP&E (Net)	$36M
Goodwill	$446M
Intangible Assets	$96M
Long-Term Investments	$0
Tax Assets	$37M
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$649M
TOTAL ASSETS	$979M
Account Payables	$85M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$23M
TOTAL CURRENT LIABILITIES	$186M
Long-Term Debt	$587M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$95M
TOTAL NON-CURRENT LIABILITIES	$682M
TOTAL LIABILITIES	$868M
Common Stock	$300.0K
Additional Paid-In Capital	$180M
Retained Earnings	-$800.0K
Treasury Stock	$0
Accum. Other Comp. Income	-$68M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$111M
Minority Interest	$0
TOTAL EQUITY	$111M
TOTAL LIABILITIES & EQUITY	$979M
Total Debt	$587M
Net Debt	$551M