HCSG FY 2019 Earnings Report — Healthcare Services Group, Inc. Revenue & Financial Results | Market Cap Arena

Healthcare Services Group, Inc.HCSG

FY 2019 Earnings

Reported February 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.8B	—	$2.0B	—	-8.4%
Op. Income	$78M	—	$100M	—	-22.3%
Gross Margin	12.4%	—	11.8%	—	0.6pp
Net Margin	3.5%	—	4.2%	—	-0.6pp
EPS (Diluted)	$0.87	—	$1.12	—	-22.3%
Free Cash Flow	$89M	—	$75M	—	18.8%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$150M
Other Expenses	$0
Operating Expenses	$150M
Cost & Expenses	$1.8B
OPERATING INCOME	$78M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$85M
Income Tax Expense	$21M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$14M
EBIT	$89M
EBITDA	$102M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$228M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$150M
Other Expenses	$0
Operating Expenses	$150M
Cost & Expenses	$1.8B
OPERATING INCOME	$78M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$85M
Income Tax Expense	$21M
Net Income from Continuing Ops	$65M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$65M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$65M
D&A	$14M
EBIT	$89M
EBITDA	$102M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$65M
Depreciation & Amortization	$14M
Stock-Based Compensation	$7M
Deferred Income Tax	-$684.0K
Other Non-Cash Items	$20M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$4M
Acquisitions (Net)	$199.0K
Purchases of Investments	-$34M
Sales/Maturities of Investments	$21M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	-$20M
Common Stock Repurchased	$0
Common Dividends Paid	-$59M
Other Financing Activities	-$587.0K
NET CASH FROM FINANCING	-$76M
FREE CASH FLOW	$89M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$91M
Net Receivables	$341M
Inventory	$37M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$516M
PP&E (Net)	$29M
Goodwill	$51M
Intangible Assets	$22M
Long-Term Investments	$47M
Tax Assets	$28M
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$215M
TOTAL ASSETS	$731M
Account Payables	$54M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$35M
TOTAL CURRENT LIABILITIES	$149M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$122M
TOTAL LIABILITIES	$270M
Common Stock	$756.0K
Additional Paid-In Capital	$271M
Retained Earnings	$195M
Treasury Stock	-$9M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$460M
Minority Interest	$0
TOTAL EQUITY	$460M
TOTAL LIABILITIES & EQUITY	$731M
Total Debt	$27M
Net Debt	-$501.0K