DSGX FY 2017 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2017 Earnings

Reported April 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$237M	—	$204M	—	16.5%
Op. Income	$36M	—	$31M	—	16.9%
Gross Margin	73.2%	—	72.5%	—	0.7pp
Net Margin	11.3%	—	11.7%	—	-0.4pp
EPS (Diluted)	$0.35	—	$0.31	—	12.9%
Free Cash Flow	$67M	—	$68M	—	-0.9%

Revenue Flow

Item	Amount
REVENUE	$237M
Cost of Revenue	$64M
GROSS PROFIT	$174M
R&D Expenses	$42M
Selling & Marketing	$33M
General & Administrative	$25M
SG&A Expenses	$59M
Other Expenses	$37M
Operating Expenses	$138M
Cost & Expenses	$202M
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$35M
Income Tax Expense	$8M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$38M
EBIT	$36M
EBITDA	$74M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$237M
Cost of Revenue	$64M
GROSS PROFIT	$174M
R&D Expenses	$42M
Selling & Marketing	$33M
General & Administrative	$25M
SG&A Expenses	$59M
Other Expenses	$37M
Operating Expenses	$138M
Cost & Expenses	$202M
OPERATING INCOME	$36M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$35M
Income Tax Expense	$8M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$38M
EBIT	$36M
EBITDA	$74M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$38M
Stock-Based Compensation	$3M
Deferred Income Tax	$1M
Other Non-Cash Items	-$784.0K
Change in Working Capital	$4M
OPERATING CASH FLOW	$72M
Capital Expenditure	-$5M
Acquisitions (Net)	-$112M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$117M
Net Debt Issuance	$37M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$38M
FREE CASH FLOW	$67M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$32M
Inventory	$123.0K
Other Current Assets	$0
TOTAL CURRENT ASSETS	$75M
PP&E (Net)	$13M
Goodwill	$350M
Intangible Assets	$178M
Long-Term Investments	$0
Tax Assets	$5M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$550M
TOTAL ASSETS	$625M
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$31M
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$68M
Long-Term Debt	$37M
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$58M
TOTAL LIABILITIES	$126M
Common Stock	$275M
Additional Paid-In Capital	$451M
Retained Earnings	-$212M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$499M
Minority Interest	$0
TOTAL EQUITY	$499M
TOTAL LIABILITIES & EQUITY	$625M
Total Debt	$37M
Net Debt	$2M