IX FY 2017 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

FY 2017 Earnings

Reported March 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$16.8B	—	$14.9B	—	13.1%
Op. Income	$2.1B	—	$1.8B	—	14.4%
Gross Margin	32.0%	—	34.5%	—	-2.5pp
Net Margin	10.2%	—	11.0%	—	-0.8pp
EPS (Diluted)	$1.31	—	$1.25	—	5.1%
Free Cash Flow	$2.1B	—	-$321M	—	740.9%

Revenue Flow

Item	Amount
REVENUE	$16.8B
Cost of Revenue	$11.4B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$159M
General & Administrative	$2.6B
SG&A Expenses	$2.8B
Other Expenses	$528M
Operating Expenses	$3.3B
Cost & Expenses	$14.7B
OPERATING INCOME	$2.1B
Interest Income	$1.3B
Interest Expense	$457M
Other Income/Expenses	$600M
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$903M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.6B
EBIT	$2.6B
EBITDA	$4.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$16.8B
Cost of Revenue	$11.4B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$159M
General & Administrative	$2.6B
SG&A Expenses	$2.8B
Other Expenses	$528M
Operating Expenses	$3.3B
Cost & Expenses	$14.7B
OPERATING INCOME	$2.1B
Interest Income	$1.3B
Interest Expense	$457M
Other Income/Expenses	$600M
INCOME BEFORE TAX	$2.7B
Income Tax Expense	$903M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.6B
EBIT	$2.6B
EBITDA	$4.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$767M
Change in Working Capital	$122M
OPERATING CASH FLOW	$2.7B
Capital Expenditure	-$600M
Acquisitions (Net)	-$312M
Purchases of Investments	-$9.0B
Sales/Maturities of Investments	$10.0B
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	-$944M
Common Stock Repurchased	-$76M
Common Dividends Paid	-$384M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	-$48M
FREE CASH FLOW	$2.1B
Net Change in Cash	$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.5B
Short-Term Investments	$0
Net Receivables	$26.8B
Inventory	$739M
Other Current Assets	$866M
TOTAL CURRENT ASSETS	$38.5B
PP&E (Net)	$3.2B
Goodwill	$2.1B
Intangible Assets	$2.6B
Long-Term Investments	$12.4B
Tax Assets	$0
Other Non-Current Assets	$11.6B
TOTAL NON-CURRENT ASSETS	$32.0B
TOTAL ASSETS	$70.4B
Account Payables	$1.6B
Short-Term Debt	$1.8B
Deferred Revenue	$0
Other Current Liabilities	$662M
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$24.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25.6B
TOTAL NON-CURRENT LIABILITIES	$49.7B
TOTAL LIABILITIES	$53.8B
Common Stock	$1.4B
Additional Paid-In Capital	$1.7B
Retained Earnings	$13.0B
Treasury Stock	-$233M
Accum. Other Comp. Income	-$133M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.7B
Minority Interest	$919M
TOTAL EQUITY	$16.6B
TOTAL LIABILITIES & EQUITY	$70.4B
Total Debt	$26.0B
Net Debt	$19.5B