IHS FY 2014 Earnings Report — IHS Holding Limited Revenue & Financial Results | Market Cap Arena

IHS Holding LimitedIHS

FY 2014 Earnings

Reported January 16, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.8B	—	21.2%
Op. Income	$304M	—	$198M	—	53.2%
Gross Margin	60.6%	—	59.4%	—	1.2pp
Net Margin	8.7%	—	7.2%	—	1.6pp
EPS (Diluted)	$2.81	—	$1.95	—	44.1%
Free Cash Flow	$514M	—	$405M	—	26.7%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$879M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$828M
SG&A Expenses	$828M
Other Expenses	$1.1B
Operating Expenses	$1.9B
Cost & Expenses	$2.8B
OPERATING INCOME	$304M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	-$109M
INCOME BEFORE TAX	$195M
Income Tax Expense	$0
Net Income from Continuing Ops	$195M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$195M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$195M
D&A	$202M
EBIT	$250M
EBITDA	$507M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$879M
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$828M
SG&A Expenses	$828M
Other Expenses	$1.1B
Operating Expenses	$1.9B
Cost & Expenses	$2.8B
OPERATING INCOME	$304M
Interest Income	$0
Interest Expense	$55M
Other Income/Expenses	-$109M
INCOME BEFORE TAX	$195M
Income Tax Expense	$0
Net Income from Continuing Ops	$195M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$195M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$195M
D&A	$202M
EBIT	$250M
EBITDA	$507M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$195M
Depreciation & Amortization	$202M
Stock-Based Compensation	$167M
Deferred Income Tax	-$10M
Other Non-Cash Items	-$107M
Change in Working Capital	$181M
OPERATING CASH FLOW	$628M
Capital Expenditure	-$114M
Acquisitions (Net)	-$210M
Purchases of Investments	-$60M
Sales/Maturities of Investments	$0
Other Investing Activities	$49M
NET CASH FROM INVESTING	-$335M
Net Debt Issuance	$0
Common Stock Repurchased	-$60M
Common Dividends Paid	$0
Other Financing Activities	-$398M
NET CASH FROM FINANCING	-$398M
FREE CASH FLOW	$514M
Net Change in Cash	-$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$0
Net Receivables	$421M
Inventory	$0
Other Current Assets	$196M
TOTAL CURRENT ASSETS	$771M
PP&E (Net)	$301M
Goodwill	$3.2B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$82M
Other Non-Current Assets	-$54M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$5.3B
Account Payables	$52M
Short-Term Debt	$36M
Deferred Revenue	$596M
Other Current Liabilities	$270M
TOTAL CURRENT LIABILITIES	$955M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$347M
Other Non-Current Liabilities	$51M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$3.2B
Common Stock	$694.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$107M
Other Equity	$851M
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$1.8B
Net Debt	$1.7B