DOX FY 2018 Earnings Report — Amdocs Limited Revenue & Financial Results | Market Cap Arena

Amdocs LimitedDOX

FY 2018 Earnings

Reported December 10, 2018

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	$4.0B	—	$3.9B	—	2.8%
Op. Income	$428M	—	$517M	—	-17.2%
Gross Margin	34.7%	—	35.2%	—	-0.4pp
Net Margin	8.9%	—	11.3%	—	-2.4pp
EPS (Diluted)	$2.47	—	$2.96	—	-16.6%
Free Cash Flow	$326M	—	$503M	—	-35.1%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.4B
R&D Expenses	$277M
Selling & Marketing	$0
General & Administrative	$481M
SG&A Expenses	$481M
Other Expenses	$108M
Operating Expenses	$866M
Cost & Expenses	$3.5B
OPERATING INCOME	$428M
Interest Income	$7M
Interest Expense	$3M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$422M
Income Tax Expense	$67M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$354M
Net Income Deductions	$14.0K
BOTTOM LINE NET INCOME	$352M
D&A	$211M
EBIT	$424M
EBITDA	$636M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.6B
GROSS PROFIT	$1.4B
R&D Expenses	$277M
Selling & Marketing	$0
General & Administrative	$481M
SG&A Expenses	$481M
Other Expenses	$108M
Operating Expenses	$866M
Cost & Expenses	$3.5B
OPERATING INCOME	$428M
Interest Income	$7M
Interest Expense	$3M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$422M
Income Tax Expense	$67M
Net Income from Continuing Ops	$354M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$354M
Net Income Deductions	$14.0K
BOTTOM LINE NET INCOME	$352M
D&A	$211M
EBIT	$424M
EBITDA	$636M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$354M
Depreciation & Amortization	$207M
Stock-Based Compensation	$47M
Deferred Income Tax	$21M
Other Non-Cash Items	$1M
Change in Working Capital	-$75M
OPERATING CASH FLOW	$557M
Capital Expenditure	-$231M
Acquisitions (Net)	-$355M
Purchases of Investments	-$76M
Sales/Maturities of Investments	$303M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$362M
Net Debt Issuance	$0
Common Stock Repurchased	-$419M
Common Dividends Paid	-$134M
Other Financing Activities	$47M
NET CASH FROM FINANCING	-$426M
FREE CASH FLOW	$326M
Net Change in Cash	-$231M

Balance Sheet

Item	Amount
Cash & Equivalents	$419M
Short-Term Investments	$100M
Net Receivables	$972M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$497M
Goodwill	$2.4B
Intangible Assets	$265M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$420M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$5.3B
Account Payables	$195M
Short-Term Debt	$0
Deferred Revenue	$132M
Other Current Liabilities	$649M
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$225M
Other Non-Current Liabilities	$336M
TOTAL NON-CURRENT LIABILITIES	$561M
TOTAL LIABILITIES	$1.9B
Common Stock	$4M
Additional Paid-In Capital	$3.6B
Retained Earnings	$4.7B
Treasury Stock	-$4.8B
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$43M
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$0
Net Debt	-$419M