IHS FY 2013 Earnings Report — IHS Holding Limited Revenue & Financial Results | Market Cap Arena

IHS Holding LimitedIHS

FY 2013 Earnings

Reported January 13, 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	$1.8B	—	$1.5B	—	20.3%
Op. Income	$198M	—	$207M	—	-4.4%
Gross Margin	59.4%	—	59.2%	—	0.2pp
Net Margin	7.2%	—	10.3%	—	-3.2pp
EPS (Diluted)	$1.95	—	$2.37	—	-17.7%
Free Cash Flow	$405M	—	$250M	—	62.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$748M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$681M
SG&A Expenses	$681M
Other Expenses	$961M
Operating Expenses	$1.6B
Cost & Expenses	$2.4B
OPERATING INCOME	$198M
Interest Income	$0
Interest Expense	$45M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$132M
Income Tax Expense	$23M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$159M
EBIT	$176M
EBITDA	$358M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$748M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$681M
SG&A Expenses	$681M
Other Expenses	$961M
Operating Expenses	$1.6B
Cost & Expenses	$2.4B
OPERATING INCOME	$198M
Interest Income	$0
Interest Expense	$45M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$132M
Income Tax Expense	$23M
Net Income from Continuing Ops	$132M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$132M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$132M
D&A	$159M
EBIT	$176M
EBITDA	$358M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$132M
Depreciation & Amortization	$159M
Stock-Based Compensation	$162M
Deferred Income Tax	-$34M
Other Non-Cash Items	$430M
Change in Working Capital	-$353M
OPERATING CASH FLOW	$496M
Capital Expenditure	-$91M
Acquisitions (Net)	-$1.5B
Purchases of Investments	-$97M
Sales/Maturities of Investments	$0
Other Investing Activities	$86M
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	$0
Common Stock Repurchased	-$97M
Common Dividends Paid	$0
Other Financing Activities	$1.0B
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$405M
Net Change in Cash	-$87M

Balance Sheet

Item	Amount
Cash & Equivalents	$258M
Short-Term Investments	$0
Net Receivables	$459M
Inventory	$0
Other Current Assets	$163M
TOTAL CURRENT ASSETS	$881M
PP&E (Net)	$246M
Goodwill	$3.1B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$71M
Other Non-Current Assets	-$47M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$5.4B
Account Payables	$57M
Short-Term Debt	$396M
Deferred Revenue	$560M
Other Current Liabilities	$234M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$361M
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.5B
Common Stock	$679.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.2B
Treasury Stock	$0
Accum. Other Comp. Income	-$57M
Other Equity	$743M
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$2.2B
Net Debt	$1.9B