IHS Q2 2014 Earnings Report — IHS Holding Limited Revenue & Financial Results | Market Cap Arena

IHS Holding LimitedIHS

Q2 2014 Earnings

Reported June 23, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2014	Q1 2014	Q2 2013	QoQ Change	YoY Change
Revenue	$568M	$524M	—	8.3%	—
Op. Income	$87M	$56M	—	55.9%	—
Gross Margin	60.4%	59.4%	—	1.0pp	—
Net Margin	9.8%	6.2%	—	3.6pp	—
EPS (Diluted)	$0.81	$0.47	—	72.3%	—
Free Cash Flow	$195M	$129M	—	50.6%	—

Revenue Flow

Item	Amount
REVENUE	$568M
Cost of Revenue	$225M
GROSS PROFIT	$343M
R&D Expenses	$0
Selling & Marketing	$278M
General & Administrative	$204M
SG&A Expenses	$481M
Other Expenses	$0
Operating Expenses	$481M
Cost & Expenses	$706M
OPERATING INCOME	$87M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$47M
Income Tax Expense	$17M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$49M
EBIT	$62M
EBITDA	$136M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$568M
Cost of Revenue	$225M
GROSS PROFIT	$343M
R&D Expenses	$0
Selling & Marketing	$278M
General & Administrative	$204M
SG&A Expenses	$481M
Other Expenses	$0
Operating Expenses	$481M
Cost & Expenses	$706M
OPERATING INCOME	$87M
Interest Income	$0
Interest Expense	$15M
Other Income/Expenses	-$40M
INCOME BEFORE TAX	$47M
Income Tax Expense	$17M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$49M
EBIT	$62M
EBITDA	$136M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$49M
Stock-Based Compensation	$36M
Deferred Income Tax	-$4M
Other Non-Cash Items	$70M
Change in Working Capital	$14M
OPERATING CASH FLOW	$221M
Capital Expenditure	-$26M
Acquisitions (Net)	$0
Purchases of Investments	-$3M
Sales/Maturities of Investments	$0
Other Investing Activities	$693.0K
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	$0
Other Financing Activities	-$176M
NET CASH FROM FINANCING	-$176M
FREE CASH FLOW	$195M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$221M
Short-Term Investments	$0
Net Receivables	$417M
Inventory	$0
Other Current Assets	$183M
TOTAL CURRENT ASSETS	$821M
PP&E (Net)	$267M
Goodwill	$3.1B
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$60M
Other Non-Current Assets	-$41M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.2B
Account Payables	$57M
Short-Term Debt	$141M
Deferred Revenue	$667M
Other Current Liabilities	$208M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$349M
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.2B
Common Stock	$691.0K
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$59M
Other Equity	$777M
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$1.9B
Net Debt	$1.6B