FDS FY 2023 Earnings Report — FactSet Research Systems Inc. Revenue & Financial Results | Market Cap Arena

FactSet Research Systems Inc.FDS

FY 2023 Earnings

Reported October 27, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.8B	—	13.1%
Op. Income	$630M	—	$475M	—	32.5%
Gross Margin	53.3%	—	52.8%	—	0.6pp
Net Margin	22.4%	—	21.5%	—	0.9pp
EPS (Diluted)	$12.04	—	$10.25	—	17.5%
Free Cash Flow	$585M	—	$487M	—	20.0%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$973M
GROSS PROFIT	$1.1B
R&D Expenses	$267M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$160M
Other Expenses	$56M
Operating Expenses	$483M
Cost & Expenses	$1.5B
OPERATING INCOME	$630M
Interest Income	$13M
Interest Expense	$66M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$585M
Income Tax Expense	$117M
Net Income from Continuing Ops	$468M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$468M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$468M
D&A	$138M
EBIT	$650M
EBITDA	$788M
EPS	$12
EPS Diluted	$12

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$973M
GROSS PROFIT	$1.1B
R&D Expenses	$267M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$160M
Other Expenses	$56M
Operating Expenses	$483M
Cost & Expenses	$1.5B
OPERATING INCOME	$630M
Interest Income	$13M
Interest Expense	$66M
Other Income/Expenses	-$45M
INCOME BEFORE TAX	$585M
Income Tax Expense	$117M
Net Income from Continuing Ops	$468M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$468M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$468M
D&A	$138M
EBIT	$650M
EBITDA	$788M
EPS	$12
EPS Diluted	$12

Cash Flow Statement

Item	Amount
Net Income	$468M
Depreciation & Amortization	$138M
Stock-Based Compensation	$62M
Deferred Income Tax	-$43M
Other Non-Cash Items	$46M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$646M
Capital Expenditure	-$61M
Acquisitions (Net)	-$24M
Purchases of Investments	-$11M
Sales/Maturities of Investments	$95M
Other Investing Activities	-$95M
NET CASH FROM INVESTING	-$95M
Net Debt Issuance	-$375M
Common Stock Repurchased	-$177M
Common Dividends Paid	-$139M
Other Financing Activities	$58M
NET CASH FROM FINANCING	-$632M
FREE CASH FLOW	$585M
Net Change in Cash	-$78M

Balance Sheet

Item	Amount
Cash & Equivalents	$425M
Short-Term Investments	$32M
Net Receivables	$238M
Inventory	$0
Other Current Assets	$51M
TOTAL CURRENT ASSETS	$770M
PP&E (Net)	$228M
Goodwill	$1.0B
Intangible Assets	$1.9B
Long-Term Investments	$0
Tax Assets	$27M
Other Non-Current Assets	$74M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$4.0B
Account Payables	$122M
Short-Term Debt	$0
Deferred Revenue	$152M
Other Current Liabilities	$113M
TOTAL CURRENT LIABILITIES	$484M
Long-Term Debt	$1.6B
Deferred Revenue NC	$4M
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.3B
Common Stock	$421.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$1.5B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$87M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$1.8B
Net Debt	$1.4B