DSGX FY 2020 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2020 Earnings

Reported April 7, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$349M	—	$326M	—	7.0%
Op. Income	$71M	—	$52M	—	36.6%
Gross Margin	74.2%	—	73.7%	—	0.5pp
Net Margin	14.9%	—	11.4%	—	3.6pp
EPS (Diluted)	$0.61	—	$0.45	—	35.6%
Free Cash Flow	$127M	—	$99M	—	28.3%

Revenue Flow

Item	Amount
REVENUE	$349M
Cost of Revenue	$90M
GROSS PROFIT	$259M
R&D Expenses	$54M
Selling & Marketing	$39M
General & Administrative	$36M
SG&A Expenses	$75M
Other Expenses	$58M
Operating Expenses	$187M
Cost & Expenses	$277M
OPERATING INCOME	$71M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$70M
Income Tax Expense	$18M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$65M
EBIT	$72M
EBITDA	$136M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$349M
Cost of Revenue	$90M
GROSS PROFIT	$259M
R&D Expenses	$54M
Selling & Marketing	$39M
General & Administrative	$36M
SG&A Expenses	$75M
Other Expenses	$58M
Operating Expenses	$187M
Cost & Expenses	$277M
OPERATING INCOME	$71M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$70M
Income Tax Expense	$18M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$65M
EBIT	$72M
EBITDA	$136M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$62M
Stock-Based Compensation	$6M
Deferred Income Tax	$15M
Other Non-Cash Items	$207.0K
Change in Working Capital	-$4M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$4M
Acquisitions (Net)	-$48M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$627.6K
NET CASH FROM FINANCING	$6M
FREE CASH FLOW	$127M
Net Change in Cash	$89M

Balance Sheet

Item	Amount
Cash & Equivalents	$134M
Short-Term Investments	$0
Net Receivables	$52M
Inventory	$429.0K
Other Current Assets	$0
TOTAL CURRENT ASSETS	$203M
PP&E (Net)	$24M
Goodwill	$565M
Intangible Assets	$240M
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$860M
TOTAL ASSETS	$1.1B
Account Payables	$8M
Short-Term Debt	$0
Deferred Revenue	$50M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$104M
Long-Term Debt	$0
Deferred Revenue NC	$1M
Deferred Tax Liabilities	$29M
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$48M
TOTAL LIABILITIES	$152M
Common Stock	$532M
Additional Paid-In Capital	$464M
Retained Earnings	-$84M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$911M
Minority Interest	$0
TOTAL EQUITY	$911M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$13M
Net Debt	-$121M