HCSG FY 2013 Earnings Report — Healthcare Services Group, Inc. Revenue & Financial Results | Market Cap Arena

Healthcare Services Group, Inc.HCSG

FY 2013 Earnings

Reported February 21, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	6.7%
Op. Income	$63M	—	$67M	—	-6.8%
Gross Margin	13.5%	—	13.6%	—	-0.1pp
Net Margin	4.1%	—	4.1%	—	-0.0pp
EPS (Diluted)	$0.67	—	$0.65	—	3.1%
Free Cash Flow	$28M	—	$57M	—	-50.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$995M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$0
Operating Expenses	$92M
Cost & Expenses	$1.1B
OPERATING INCOME	$63M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$66M
Income Tax Expense	$19M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$6M
EBIT	$66M
EBITDA	$69M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$995M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$92M
Other Expenses	$0
Operating Expenses	$92M
Cost & Expenses	$1.1B
OPERATING INCOME	$63M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$66M
Income Tax Expense	$19M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$6M
EBIT	$66M
EBITDA	$69M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$6M
Stock-Based Compensation	$3M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$293.0K
Change in Working Capital	-$19M
OPERATING CASH FLOW	$32M
Capital Expenditure	-$4M
Acquisitions (Net)	-$5M
Purchases of Investments	-$7M
Sales/Maturities of Investments	$16M
Other Investing Activities	$158.0K
NET CASH FROM INVESTING	$605.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$47M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$38M
FREE CASH FLOW	$28M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$11M
Net Receivables	$189M
Inventory	$32M
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$309M
PP&E (Net)	$11M
Goodwill	$40M
Intangible Assets	$23M
Long-Term Investments	$15M
Tax Assets	$13M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$116M
TOTAL ASSETS	$425M
Account Payables	$44M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$99M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13.3B
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$41M
TOTAL LIABILITIES	$140M
Common Stock	$719.0K
Additional Paid-In Capital	$168M
Retained Earnings	$127M
Treasury Stock	-$11M
Accum. Other Comp. Income	$49.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$285M
Minority Interest	$0
TOTAL EQUITY	$285M
TOTAL LIABILITIES & EQUITY	$425M
Total Debt	$0
Net Debt	-$64M