DOX FY 2019 Earnings Report — Amdocs Limited Revenue & Financial Results | Market Cap Arena

Amdocs LimitedDOX

FY 2019 Earnings

Reported December 16, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.1B	—	$4.0B	—	2.8%
Op. Income	$570M	—	$428M	—	33.0%
Gross Margin	35.1%	—	34.7%	—	0.4pp
Net Margin	11.7%	—	8.9%	—	2.8pp
EPS (Diluted)	$3.47	—	$2.47	—	40.5%
Free Cash Flow	$528M	—	$326M	—	62.0%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.4B
R&D Expenses	$274M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$492M
Other Expenses	$97M
Operating Expenses	$864M
Cost & Expenses	$3.5B
OPERATING INCOME	$570M
Interest Income	$6M
Interest Expense	$4M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$568M
Income Tax Expense	$88M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$12.0K
BOTTOM LINE NET INCOME	$476M
D&A	$206M
EBIT	$572M
EBITDA	$778M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.4B
R&D Expenses	$274M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$492M
Other Expenses	$97M
Operating Expenses	$864M
Cost & Expenses	$3.5B
OPERATING INCOME	$570M
Interest Income	$6M
Interest Expense	$4M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$568M
Income Tax Expense	$88M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$12.0K
BOTTOM LINE NET INCOME	$476M
D&A	$206M
EBIT	$572M
EBITDA	$778M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$479M
Depreciation & Amortization	$206M
Stock-Based Compensation	$39M
Deferred Income Tax	-$14M
Other Non-Cash Items	$737.0K
Change in Working Capital	-$54M
OPERATING CASH FLOW	$656M
Capital Expenditure	-$128M
Acquisitions (Net)	-$61M
Purchases of Investments	$0
Sales/Maturities of Investments	$101M
Other Investing Activities	$615.0K
NET CASH FROM INVESTING	-$87M
Net Debt Issuance	$0
Common Stock Repurchased	-$398M
Common Dividends Paid	-$148M
Other Financing Activities	$29M
NET CASH FROM FINANCING	-$517M
FREE CASH FLOW	$528M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$472M
Short-Term Investments	$0
Net Receivables	$988M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$525M
Goodwill	$2.5B
Intangible Assets	$205M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$424M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$5.3B
Account Payables	$177M
Short-Term Debt	$0
Deferred Revenue	$118M
Other Current Liabilities	$587M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$208M
Other Non-Current Liabilities	$335M
TOTAL NON-CURRENT LIABILITIES	$542M
TOTAL LIABILITIES	$1.8B
Common Stock	$4M
Additional Paid-In Capital	$3.7B
Retained Earnings	$5.0B
Treasury Stock	-$5.2B
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$43M
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$0
Net Debt	-$472M