DXC FY 2008 Earnings Report — DXC Technology Company Revenue & Financial Results | Market Cap Arena

DXC Technology CompanyDXC

FY 2008 Earnings

Reported March 30, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$16.5B	—	$14.9B	—	11.1%
Op. Income	$1.2B	—	$1.0B	—	16.5%
Gross Margin	20.3%	—	20.5%	—	-0.2pp
Net Margin	3.3%	—	2.6%	—	0.7pp
EPS (Diluted)	$3.20	—	$2.16	—	48.1%
Free Cash Flow	$129M	—	$626M	—	-79.3%

Revenue Flow

Item	Amount
REVENUE	$16.5B
Cost of Revenue	$13.2B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$975M
Other Expenses	$1.2B
Operating Expenses	$2.1B
Cost & Expenses	$15.3B
OPERATING INCOME	$1.2B
Interest Income	$37M
Interest Expense	$185M
Other Income/Expenses	-$304M
INCOME BEFORE TAX	$918M
Income Tax Expense	$373M
Net Income from Continuing Ops	$545M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$545M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$545M
D&A	$1.3B
EBIT	$1.1B
EBITDA	$2.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$16.5B
Cost of Revenue	$13.2B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$975M
Other Expenses	$1.2B
Operating Expenses	$2.1B
Cost & Expenses	$15.3B
OPERATING INCOME	$1.2B
Interest Income	$37M
Interest Expense	$185M
Other Income/Expenses	-$304M
INCOME BEFORE TAX	$918M
Income Tax Expense	$373M
Net Income from Continuing Ops	$545M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$545M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$545M
D&A	$1.3B
EBIT	$1.1B
EBITDA	$2.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$545M
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$60M
Deferred Income Tax	-$65M
Other Non-Cash Items	$2M
Change in Working Capital	-$486M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$1.6B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$86M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$1.0B
Common Dividends Paid	$0
Other Financing Activities	$109M
NET CASH FROM FINANCING	$998M
FREE CASH FLOW	$129M
Net Change in Cash	-$351M

Balance Sheet

Item	Amount
Cash & Equivalents	$699M
Short-Term Investments	$0
Net Receivables	$4.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.9B
PP&E (Net)	$2.8B
Goodwill	$4.0B
Intangible Assets	$1.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$659M
TOTAL NON-CURRENT ASSETS	$8.9B
TOTAL ASSETS	$15.8B
Account Payables	$798M
Short-Term Debt	$838M
Deferred Revenue	$1.1B
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$5.6B
Long-Term Debt	$2.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$852M
TOTAL NON-CURRENT LIABILITIES	$4.7B
TOTAL LIABILITIES	$10.3B
Common Stock	$159M
Additional Paid-In Capital	$1.8B
Retained Earnings	$0
Treasury Stock	-$371M
Accum. Other Comp. Income	$101M
Other Equity	$3.8B
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$0
TOTAL EQUITY	$5.5B
TOTAL LIABILITIES & EQUITY	$15.8B
Total Debt	$3.5B
Net Debt	$2.8B