DSGX FY 2022 Earnings Report — The Descartes Systems Group Inc. Revenue & Financial Results | Market Cap Arena

The Descartes Systems Group Inc.DSGX

FY 2022 Earnings

Reported April 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$486M	—	$425M	—	14.4%
Op. Income	$130M	—	$103M	—	26.1%
Gross Margin	76.7%	—	76.0%	—	0.7pp
Net Margin	21.0%	—	20.3%	—	0.7pp
EPS (Diluted)	$1.18	—	$1.00	—	18.0%
Free Cash Flow	$186M	—	$171M	—	8.8%

Revenue Flow

Item	Amount
REVENUE	$486M
Cost of Revenue	$113M
GROSS PROFIT	$373M
R&D Expenses	$70M
Selling & Marketing	$57M
General & Administrative	$50M
SG&A Expenses	$106M
Other Expenses	$66M
Operating Expenses	$242M
Cost & Expenses	$356M
OPERATING INCOME	$130M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$134M
Income Tax Expense	$31M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$64M
EBIT	$133M
EBITDA	$197M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$486M
Cost of Revenue	$113M
GROSS PROFIT	$373M
R&D Expenses	$70M
Selling & Marketing	$57M
General & Administrative	$50M
SG&A Expenses	$106M
Other Expenses	$66M
Operating Expenses	$242M
Cost & Expenses	$356M
OPERATING INCOME	$130M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$134M
Income Tax Expense	$31M
Net Income from Continuing Ops	$102M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$102M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$102M
D&A	$64M
EBIT	$133M
EBITDA	$197M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$102M
Depreciation & Amortization	$65M
Stock-Based Compensation	$14M
Deferred Income Tax	$3M
Other Non-Cash Items	$53.0K
Change in Working Capital	$8M
OPERATING CASH FLOW	$192M
Capital Expenditure	-$6M
Acquisitions (Net)	-$116M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$122M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$186M
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$276M
Short-Term Investments	$0
Net Receivables	$45M
Inventory	$759.0K
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$359M
PP&E (Net)	$18M
Goodwill	$676M
Intangible Assets	$230M
Long-Term Investments	$0
Tax Assets	$11M
Other Non-Current Assets	$22M
TOTAL NON-CURRENT ASSETS	$957M
TOTAL ASSETS	$1.3B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$68M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$170M
Long-Term Debt	$0
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$35M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$217M
Common Stock	$538M
Additional Paid-In Capital	$487M
Retained Earnings	$105M
Treasury Stock	$0
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$7M
Net Debt	-$269M