DOX FY 2008 Earnings Report — Amdocs Limited Revenue & Financial Results | Market Cap Arena

Amdocs LimitedDOX

FY 2008 Earnings

Reported December 8, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$3.2B	—	$2.8B	—	11.5%
Op. Income	$406M	—	$357M	—	13.5%
Gross Margin	35.9%	—	36.7%	—	-0.7pp
Net Margin	12.0%	—	12.9%	—	-0.9pp
EPS (Diluted)	$1.74	—	$1.65	—	5.5%
Free Cash Flow	$348M	—	$258M	—	35.0%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.1B
R&D Expenses	$225M
Selling & Marketing	$0
General & Administrative	$404M
SG&A Expenses	$404M
Other Expenses	$87M
Operating Expenses	$716M
Cost & Expenses	$2.7B
OPERATING INCOME	$406M
Interest Income	$43M
Interest Expense	$31M
Other Income/Expenses	$12M
INCOME BEFORE TAX	$418M
Income Tax Expense	$39M
Net Income from Continuing Ops	$379M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$379M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$379M
D&A	$193M
EBIT	$448M
EBITDA	$641M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.1B
R&D Expenses	$225M
Selling & Marketing	$0
General & Administrative	$404M
SG&A Expenses	$404M
Other Expenses	$87M
Operating Expenses	$716M
Cost & Expenses	$2.7B
OPERATING INCOME	$406M
Interest Income	$43M
Interest Expense	$31M
Other Income/Expenses	$12M
INCOME BEFORE TAX	$418M
Income Tax Expense	$39M
Net Income from Continuing Ops	$379M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$379M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$379M
D&A	$193M
EBIT	$448M
EBITDA	$641M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$379M
Depreciation & Amortization	$193M
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	$59M
Change in Working Capital	-$153M
OPERATING CASH FLOW	$484M
Capital Expenditure	-$136M
Acquisitions (Net)	-$59M
Purchases of Investments	-$686M
Sales/Maturities of Investments	$708M
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$170M
Net Debt Issuance	-$717.0K
Common Stock Repurchased	-$248M
Common Dividends Paid	$0
Other Financing Activities	$211.0K
NET CASH FROM FINANCING	-$211M
FREE CASH FLOW	$348M
Net Change in Cash	$103M

Balance Sheet

Item	Amount
Cash & Equivalents	$719M
Short-Term Investments	$526M
Net Receivables	$574M
Inventory	$0
Other Current Assets	$85M
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$317M
Goodwill	$1.5B
Intangible Assets	$271M
Long-Term Investments	$0
Tax Assets	$187M
Other Non-Current Assets	$272M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$4.6B
Account Payables	$157M
Short-Term Debt	$2M
Deferred Revenue	$198M
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$830M
Long-Term Debt	$450M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$267M
Other Non-Current Liabilities	$227M
TOTAL NON-CURRENT LIABILITIES	$944M
TOTAL LIABILITIES	$1.8B
Common Stock	$4M
Additional Paid-In Capital	$2.3B
Retained Earnings	$1.5B
Treasury Stock	-$907M
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$452M
Net Debt	-$267M