IHS Q1 2015 Earnings Report — IHS Holding Limited Revenue & Financial Results | Market Cap Arena

IHS Holding LimitedIHS

Q1 2015 Earnings

Reported March 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2015	Q4 2014	Q1 2014	QoQ Change	YoY Change
Revenue	$546M	$582M	$524M	-6.2%	4.2%
Op. Income	$65M	$87M	$56M	-25.1%	17.6%
Gross Margin	60.7%	61.9%	59.4%	-1.2pp	1.3pp
Net Margin	7.2%	10.3%	6.2%	-3.1pp	1.1pp
EPS (Diluted)	$0.57	$0.87	$0.47	-34.5%	21.3%
Free Cash Flow	$149M	$55M	$129M	173.8%	15.5%

Revenue Flow

Item	Amount
REVENUE	$546M
Cost of Revenue	$215M
GROSS PROFIT	$331M
R&D Expenses	$0
Selling & Marketing	$285M
General & Administrative	$196M
SG&A Expenses	$481M
Other Expenses	$0
Operating Expenses	$481M
Cost & Expenses	$696M
OPERATING INCOME	$65M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$49M
Income Tax Expense	$9M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$56M
EBIT	$66M
EBITDA	$122M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$546M
Cost of Revenue	$215M
GROSS PROFIT	$331M
R&D Expenses	$0
Selling & Marketing	$285M
General & Administrative	$196M
SG&A Expenses	$481M
Other Expenses	$0
Operating Expenses	$481M
Cost & Expenses	$696M
OPERATING INCOME	$65M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$49M
Income Tax Expense	$9M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$56M
EBIT	$66M
EBITDA	$122M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$56M
Stock-Based Compensation	$33M
Deferred Income Tax	$13M
Other Non-Cash Items	$65M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$188M
Capital Expenditure	-$39M
Acquisitions (Net)	-$169M
Purchases of Investments	-$53M
Sales/Maturities of Investments	$0
Other Investing Activities	$53M
NET CASH FROM INVESTING	-$208M
Net Debt Issuance	$0
Common Stock Repurchased	-$53M
Common Dividends Paid	$0
Other Financing Activities	$83M
NET CASH FROM FINANCING	$83M
FREE CASH FLOW	$149M
Net Change in Cash	$57M

Balance Sheet

Item	Amount
Cash & Equivalents	$210M
Short-Term Investments	$0
Net Receivables	$439M
Inventory	$0
Other Current Assets	$201M
TOTAL CURRENT ASSETS	$850M
PP&E (Net)	$309M
Goodwill	$3.3B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$62M
Other Non-Current Assets	-$35M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$5.6B
Account Payables	$48M
Short-Term Debt	$36M
Deferred Revenue	$737M
Other Current Liabilities	$232M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$351M
Other Non-Current Liabilities	$53M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$3.4B
Common Stock	$700.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$145M
Other Equity	$832M
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$2.0B
Net Debt	$1.8B