DXC FY 2009 Earnings Report — DXC Technology Company Revenue & Financial Results | Market Cap Arena

DXC Technology CompanyDXC

FY 2009 Earnings

Reported March 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$16.7B	—	$16.5B	—	1.5%
Op. Income	$1.2B	—	$1.2B	—	-2.8%
Gross Margin	20.8%	—	20.3%	—	0.5pp
Net Margin	6.7%	—	3.3%	—	3.4pp
EPS (Diluted)	$7.31	—	$3.20	—	128.4%
Free Cash Flow	$960M	—	$129M	—	642.1%

Revenue Flow

Item	Amount
REVENUE	$16.7B
Cost of Revenue	$13.3B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$1.2B
Operating Expenses	$2.3B
Cost & Expenses	$15.6B
OPERATING INCOME	$1.2B
Interest Income	$41M
Interest Expense	$261M
Other Income/Expenses	-$238M
INCOME BEFORE TAX	$949M
Income Tax Expense	-$166M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$8M
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.3B
EBIT	$1.2B
EBITDA	$2.5B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$16.7B
Cost of Revenue	$13.3B
GROSS PROFIT	$3.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.1B
Other Expenses	$1.2B
Operating Expenses	$2.3B
Cost & Expenses	$15.6B
OPERATING INCOME	$1.2B
Interest Income	$41M
Interest Expense	$261M
Other Income/Expenses	-$238M
INCOME BEFORE TAX	$949M
Income Tax Expense	-$166M
Net Income from Continuing Ops	$1.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$8M
NET INCOME	$1.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.1B
D&A	$1.3B
EBIT	$1.2B
EBITDA	$2.5B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$1.1B
Depreciation & Amortization	$1.3B
Stock-Based Compensation	$54M
Deferred Income Tax	$247M
Other Non-Cash Items	$177M
Change in Working Capital	-$877M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$100M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$89M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$733M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$700.0K
NET CASH FROM FINANCING	$742M
FREE CASH FLOW	$960M
Net Change in Cash	$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$0
Net Receivables	$3.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.7B
PP&E (Net)	$2.4B
Goodwill	$3.8B
Intangible Assets	$1.2B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$615M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$15.6B
Account Payables	$636M
Short-Term Debt	$62M
Deferred Revenue	$915M
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$4.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$486M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$6.1B
TOTAL LIABILITIES	$10.1B
Common Stock	$160M
Additional Paid-In Capital	$1.8B
Retained Earnings	$4.9B
Treasury Stock	-$375M
Accum. Other Comp. Income	-$1.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.5B
Minority Interest	$0
TOTAL EQUITY	$5.5B
TOTAL LIABILITIES & EQUITY	$15.6B
Total Debt	$4.4B
Net Debt	$2.1B