DSGX FY 2018 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2018 Earnings

Reported January 30, 2019

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	$275M	—	$237M	—	15.9%
Op. Income	$41M	—	$36M	—	15.5%
Gross Margin	72.7%	—	73.2%	—	-0.4pp
Net Margin	11.4%	—	11.3%	—	0.0pp
EPS (Diluted)	$0.40	—	$0.35	—	14.3%
Free Cash Flow	$73M	—	$67M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$275M
Cost of Revenue	$75M
GROSS PROFIT	$200M
R&D Expenses	$48M
Selling & Marketing	$37M
General & Administrative	$30M
SG&A Expenses	$67M
Other Expenses	$44M
Operating Expenses	$159M
Cost & Expenses	$234M
OPERATING INCOME	$41M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$40M
Income Tax Expense	$8M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$45M
EBIT	$42M
EBITDA	$86M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$275M
Cost of Revenue	$75M
GROSS PROFIT	$200M
R&D Expenses	$48M
Selling & Marketing	$37M
General & Administrative	$30M
SG&A Expenses	$67M
Other Expenses	$44M
Operating Expenses	$159M
Cost & Expenses	$234M
OPERATING INCOME	$41M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$40M
Income Tax Expense	$8M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$45M
EBIT	$42M
EBITDA	$86M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$45M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$71.0K
Change in Working Capital	-$4M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$5M
Acquisitions (Net)	-$68M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$73M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$36M
Inventory	$95.0K
Other Current Assets	$0
TOTAL CURRENT ASSETS	$72M
PP&E (Net)	$13M
Goodwill	$378M
Intangible Assets	$176M
Long-Term Investments	$0
Tax Assets	$4M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$581M
TOTAL ASSETS	$653M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$34M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$70M
Long-Term Debt	$25M
Deferred Revenue NC	$855.0K
Deferred Tax Liabilities	$16M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$120M
Common Stock	$277M
Additional Paid-In Capital	$455M
Retained Earnings	-$173M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$534M
Minority Interest	$0
TOTAL EQUITY	$534M
TOTAL LIABILITIES & EQUITY	$653M
Total Debt	$25M
Net Debt	-$2M