DSGX FY 2016 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2016 Earnings

Reported April 26, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$204M	—	$185M	—	10.2%
Op. Income	$31M	—	$28M	—	9.3%
Gross Margin	72.5%	—	70.9%	—	1.6pp
Net Margin	11.7%	—	11.1%	—	0.6pp
EPS (Diluted)	$0.31	—	$0.27	—	14.8%
Free Cash Flow	$68M	—	$50M	—	35.5%

Revenue Flow

Item	Amount
REVENUE	$204M
Cost of Revenue	$56M
GROSS PROFIT	$148M
R&D Expenses	$36M
Selling & Marketing	$25M
General & Administrative	$23M
SG&A Expenses	$48M
Other Expenses	$33M
Operating Expenses	$117M
Cost & Expenses	$173M
OPERATING INCOME	$31M
Interest Income	$0
Interest Expense	$611.0K
Other Income/Expenses	$804.0K
INCOME BEFORE TAX	$32M
Income Tax Expense	$8M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$34M
EBIT	$32M
EBITDA	$66M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$204M
Cost of Revenue	$56M
GROSS PROFIT	$148M
R&D Expenses	$36M
Selling & Marketing	$25M
General & Administrative	$23M
SG&A Expenses	$48M
Other Expenses	$33M
Operating Expenses	$117M
Cost & Expenses	$173M
OPERATING INCOME	$31M
Interest Income	$0
Interest Expense	$611.0K
Other Income/Expenses	$804.0K
INCOME BEFORE TAX	$32M
Income Tax Expense	$8M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$34M
EBIT	$32M
EBITDA	$66M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$34M
Stock-Based Compensation	$2M
Deferred Income Tax	$4M
Other Non-Cash Items	-$1M
Change in Working Capital	$10M
OPERATING CASH FLOW	$73M
Capital Expenditure	-$5M
Acquisitions (Net)	-$71M
Purchases of Investments	-$241.0K
Sales/Maturities of Investments	$6M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$70M
Net Debt Issuance	$601.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$957.0K
NET CASH FROM FINANCING	-$211.0K
FREE CASH FLOW	$68M
Net Change in Cash	$922.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$0
Net Receivables	$29M
Inventory	$167.0K
Other Current Assets	$0
TOTAL CURRENT ASSETS	$73M
PP&E (Net)	$10M
Goodwill	$263M
Intangible Assets	$145M
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$428M
TOTAL ASSETS	$501M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$24M
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$54M
Long-Term Debt	$0
Deferred Revenue NC	$421.0K
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$16M
TOTAL LIABILITIES	$70M
Common Stock	$253M
Additional Paid-In Capital	$449M
Retained Earnings	-$238M
Treasury Stock	$0
Accum. Other Comp. Income	-$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$431M
Minority Interest	$0
TOTAL EQUITY	$431M
TOTAL LIABILITIES & EQUITY	$501M
Total Debt	$0
Net Debt	-$38M