DSGX FY 2021 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2021 Earnings

Reported April 14, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$425M	—	$349M	—	21.8%
Op. Income	$103M	—	$71M	—	44.9%
Gross Margin	76.0%	—	74.2%	—	1.8pp
Net Margin	20.3%	—	14.9%	—	5.4pp
EPS (Diluted)	$1.00	—	$0.61	—	63.9%
Free Cash Flow	$171M	—	$127M	—	34.4%

Revenue Flow

Item	Amount
REVENUE	$425M
Cost of Revenue	$102M
GROSS PROFIT	$323M
R&D Expenses	$63M
Selling & Marketing	$47M
General & Administrative	$44M
SG&A Expenses	$91M
Other Expenses	$66M
Operating Expenses	$219M
Cost & Expenses	$321M
OPERATING INCOME	$103M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$824.0K
INCOME BEFORE TAX	$103M
Income Tax Expense	$16M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$63M
EBIT	$102M
EBITDA	$166M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$425M
Cost of Revenue	$102M
GROSS PROFIT	$323M
R&D Expenses	$63M
Selling & Marketing	$47M
General & Administrative	$44M
SG&A Expenses	$91M
Other Expenses	$66M
Operating Expenses	$219M
Cost & Expenses	$321M
OPERATING INCOME	$103M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$824.0K
INCOME BEFORE TAX	$103M
Income Tax Expense	$16M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$63M
EBIT	$102M
EBITDA	$166M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$64M
Stock-Based Compensation	$11M
Deferred Income Tax	$2M
Other Non-Cash Items	$308.0K
Change in Working Capital	$13M
OPERATING CASH FLOW	$176M
Capital Expenditure	-$5M
Acquisitions (Net)	-$90M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$95M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$72.0K
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$171M
Net Change in Cash	$80M

Balance Sheet

Item	Amount
Cash & Equivalents	$213M
Short-Term Investments	$0
Net Receivables	$42M
Inventory	$868.0K
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$292M
PP&E (Net)	$21M
Goodwill	$609M
Intangible Assets	$230M
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$893M
TOTAL ASSETS	$1.2B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$57M
Other Current Liabilities	$6M
TOTAL CURRENT LIABILITIES	$133M
Long-Term Debt	$0
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$36M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$52M
TOTAL LIABILITIES	$186M
Common Stock	$536M
Additional Paid-In Capital	$473M
Retained Earnings	$3M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1000M
Minority Interest	$0
TOTAL EQUITY	$1000M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$11M
Net Debt	-$202M