DFIN FY 2018 Earnings Report — Donnelley Financial Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Donnelley Financial Solutions, Inc.DFIN

FY 2018 Earnings

Reported February 27, 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	$963M	—	$1.0B	—	-4.2%
Op. Income	$121M	—	$96M	—	26.5%
Gross Margin	39.0%	—	38.2%	—	0.9pp
Net Margin	7.6%	—	1.0%	—	6.7pp
EPS (Diluted)	$2.16	—	$0.29	—	644.8%
Free Cash Flow	$29M	—	$64M	—	-54.1%

Revenue Flow

Item	Amount
REVENUE	$963M
Cost of Revenue	$587M
GROSS PROFIT	$376M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$258M
Other Expenses	-$4M
Operating Expenses	$255M
Cost & Expenses	$842M
OPERATING INCOME	$121M
Interest Income	$0
Interest Expense	$37M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$103M
Income Tax Expense	$29M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$46M
EBIT	$139M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$963M
Cost of Revenue	$587M
GROSS PROFIT	$376M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$258M
Other Expenses	-$4M
Operating Expenses	$255M
Cost & Expenses	$842M
OPERATING INCOME	$121M
Interest Income	$0
Interest Expense	$37M
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$103M
Income Tax Expense	$29M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$46M
EBIT	$139M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$46M
Stock-Based Compensation	$9M
Deferred Income Tax	$11M
Other Non-Cash Items	-$65M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$37M
Acquisitions (Net)	$65M
Purchases of Investments	$0
Sales/Maturities of Investments	$3M
Other Investing Activities	-$800.0K
NET CASH FROM INVESTING	$30M
Net Debt Issuance	-$98M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$99M
FREE CASH FLOW	$29M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$0
Net Receivables	$173M
Inventory	$12M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$249M
PP&E (Net)	$32M
Goodwill	$450M
Intangible Assets	$85M
Long-Term Investments	$0
Tax Assets	$10M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$620M
TOTAL ASSETS	$869M
Account Payables	$72M
Short-Term Debt	$0
Deferred Revenue	$16M
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$198M
Long-Term Debt	$363M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$444M
TOTAL LIABILITIES	$643M
Common Stock	$300.0K
Additional Paid-In Capital	$217M
Retained Earnings	$94M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$83M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$226M
Minority Interest	$0
TOTAL EQUITY	$226M
TOTAL LIABILITIES & EQUITY	$869M
Total Debt	$363M
Net Debt	$315M