DSGX FY 2019 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2019 Earnings

Reported April 14, 2020

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	$326M	—	$275M	—	18.4%
Op. Income	$52M	—	$41M	—	26.1%
Gross Margin	73.7%	—	72.7%	—	0.9pp
Net Margin	11.4%	—	11.4%	—	-0.0pp
EPS (Diluted)	$0.45	—	$0.40	—	12.5%
Free Cash Flow	$99M	—	$73M	—	36.4%

Revenue Flow

Item	Amount
REVENUE	$326M
Cost of Revenue	$86M
GROSS PROFIT	$240M
R&D Expenses	$54M
Selling & Marketing	$40M
General & Administrative	$35M
SG&A Expenses	$75M
Other Expenses	$59M
Operating Expenses	$188M
Cost & Expenses	$274M
OPERATING INCOME	$52M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$48M
Income Tax Expense	$11M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$62M
EBIT	$53M
EBITDA	$114M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$326M
Cost of Revenue	$86M
GROSS PROFIT	$240M
R&D Expenses	$54M
Selling & Marketing	$40M
General & Administrative	$35M
SG&A Expenses	$75M
Other Expenses	$59M
Operating Expenses	$188M
Cost & Expenses	$274M
OPERATING INCOME	$52M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$48M
Income Tax Expense	$11M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$62M
EBIT	$53M
EBITDA	$114M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$62M
Stock-Based Compensation	$5M
Deferred Income Tax	$6M
Other Non-Cash Items	$337.0K
Change in Working Capital	-$5M
OPERATING CASH FLOW	$104M
Capital Expenditure	-$5M
Acquisitions (Net)	-$292M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$297M
Net Debt Issuance	-$26M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$210M
FREE CASH FLOW	$99M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$0
Net Receivables	$42M
Inventory	$411.0K
Other Current Assets	$0
TOTAL CURRENT ASSETS	$100M
PP&E (Net)	$27M
Goodwill	$524M
Intangible Assets	$257M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$842M
TOTAL ASSETS	$943M
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$41M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$89M
Long-Term Debt	$0
Deferred Revenue NC	$920.0K
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$32M
TOTAL LIABILITIES	$121M
Common Stock	$524M
Additional Paid-In Capital	$459M
Retained Earnings	-$136M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$822M
Minority Interest	$0
TOTAL EQUITY	$822M
TOTAL LIABILITIES & EQUITY	$943M
Total Debt	$13M
Net Debt	-$31M