DSGX FY 2014 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2014 Earnings

Reported April 29, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$171M	—	$151M	—	12.9%
Op. Income	$23M	—	$15M	—	53.9%
Gross Margin	67.9%	—	67.6%	—	0.3pp
Net Margin	8.8%	—	6.4%	—	2.5pp
EPS (Diluted)	$0.21	—	$0.15	—	40.0%
Free Cash Flow	$47M	—	$40M	—	16.3%

Revenue Flow

Item	Amount
REVENUE	$171M
Cost of Revenue	$55M
GROSS PROFIT	$116M
R&D Expenses	$28M
Selling & Marketing	$20M
General & Administrative	$20M
SG&A Expenses	$41M
Other Expenses	$25M
Operating Expenses	$93M
Cost & Expenses	$148M
OPERATING INCOME	$23M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$755.0K
INCOME BEFORE TAX	$22M
Income Tax Expense	$7M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$25M
EBIT	$23M
EBITDA	$48M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$171M
Cost of Revenue	$55M
GROSS PROFIT	$116M
R&D Expenses	$28M
Selling & Marketing	$20M
General & Administrative	$20M
SG&A Expenses	$41M
Other Expenses	$25M
Operating Expenses	$93M
Cost & Expenses	$148M
OPERATING INCOME	$23M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$755.0K
INCOME BEFORE TAX	$22M
Income Tax Expense	$7M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$25M
EBIT	$23M
EBITDA	$48M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$25M
Stock-Based Compensation	$2M
Deferred Income Tax	$4M
Other Non-Cash Items	$0
Change in Working Capital	$4M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$3M
Acquisitions (Net)	-$82M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	-$43M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$791.0K
NET CASH FROM FINANCING	$97M
FREE CASH FLOW	$47M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$118M
Short-Term Investments	$0
Net Receivables	$26M
Inventory	$474.0K
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$157M
PP&E (Net)	$8M
Goodwill	$147M
Intangible Assets	$115M
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$287M
TOTAL ASSETS	$444M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$15M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$41M
Long-Term Debt	$0
Deferred Revenue NC	$589.0K
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$13M
TOTAL LIABILITIES	$54M
Common Stock	$248M
Additional Paid-In Capital	$451M
Retained Earnings	-$283M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$390M
Minority Interest	$0
TOTAL EQUITY	$390M
TOTAL LIABILITIES & EQUITY	$444M
Total Debt	$0
Net Debt	-$118M