FDS FY 2021 Earnings Report — FactSet Research Systems Inc. Revenue & Financial Results | Market Cap Arena

FactSet Research Systems Inc.FDS

FY 2021 Earnings

Reported October 22, 2021

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	$1.6B	—	$1.5B	—	6.5%
Op. Income	$474M	—	$440M	—	7.8%
Gross Margin	50.6%	—	53.5%	—	-2.9pp
Net Margin	25.1%	—	25.0%	—	0.1pp
EPS (Diluted)	$10.36	—	$9.65	—	7.4%
Free Cash Flow	$494M	—	$428M	—	15.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$786M
GROSS PROFIT	$805M
R&D Expenses	$250M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$331M
Other Expenses	-$250M
Operating Expenses	$331M
Cost & Expenses	$1.1B
OPERATING INCOME	$474M
Interest Income	$2M
Interest Expense	$8M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$468M
Income Tax Expense	$68M
Net Income from Continuing Ops	$400M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$400M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$400M
D&A	$107M
EBIT	$474M
EBITDA	$581M
EPS	$11
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$786M
GROSS PROFIT	$805M
R&D Expenses	$250M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$331M
Other Expenses	-$250M
Operating Expenses	$331M
Cost & Expenses	$1.1B
OPERATING INCOME	$474M
Interest Income	$2M
Interest Expense	$8M
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$468M
Income Tax Expense	$68M
Net Income from Continuing Ops	$400M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$400M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$400M
D&A	$107M
EBIT	$474M
EBITDA	$581M
EPS	$11
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$400M
Depreciation & Amortization	$107M
Stock-Based Compensation	$45M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	$8M
OPERATING CASH FLOW	$555M
Capital Expenditure	-$61M
Acquisitions (Net)	-$58M
Purchases of Investments	-$19M
Sales/Maturities of Investments	$2M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$136M
Net Debt Issuance	$0
Common Stock Repurchased	-$265M
Common Dividends Paid	-$118M
Other Financing Activities	$60M
NET CASH FROM FINANCING	-$323M
FREE CASH FLOW	$494M
Net Change in Cash	$96M

Balance Sheet

Item	Amount
Cash & Equivalents	$682M
Short-Term Investments	$36M
Net Receivables	$151M
Inventory	$14M
Other Current Assets	$37M
TOTAL CURRENT ASSETS	$934M
PP&E (Net)	$370M
Goodwill	$754M
Intangible Assets	$135M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$86M
Short-Term Debt	$2M
Deferred Revenue	$63M
Other Current Liabilities	$102M
TOTAL CURRENT LIABILITIES	$316M
Long-Term Debt	$575M
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$891M
TOTAL LIABILITIES	$1.2B
Common Stock	$412.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$913M
Treasury Stock	-$906M
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$866M
Net Debt	$184M