IX FY 2019 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

FY 2019 Earnings

Reported March 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$15.2B	—	$17.9B	—	-15.2%
Op. Income	$2.1B	—	$2.1B	—	-2.0%
Gross Margin	36.1%	—	30.7%	—	5.5pp
Net Margin	13.3%	—	10.9%	—	2.4pp
EPS (Diluted)	$1.58	—	$1.53	—	3.5%
Free Cash Flow	$2.7B	—	$2.2B	—	24.9%

Revenue Flow

Item	Amount
REVENUE	$15.2B
Cost of Revenue	$9.7B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$129M
General & Administrative	$2.7B
SG&A Expenses	$2.9B
Other Expenses	$563M
Operating Expenses	$3.4B
Cost & Expenses	$13.1B
OPERATING INCOME	$2.1B
Interest Income	$1.5B
Interest Expense	$585M
Other Income/Expenses	$415M
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$430M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$1.9B
EBIT	$2.6B
EBITDA	$4.5B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$15.2B
Cost of Revenue	$9.7B
GROSS PROFIT	$5.5B
R&D Expenses	$0
Selling & Marketing	$129M
General & Administrative	$2.7B
SG&A Expenses	$2.9B
Other Expenses	$563M
Operating Expenses	$3.4B
Cost & Expenses	$13.1B
OPERATING INCOME	$2.1B
Interest Income	$1.5B
Interest Expense	$585M
Other Income/Expenses	$415M
INCOME BEFORE TAX	$2.5B
Income Tax Expense	$430M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.0B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.0B
D&A	$1.9B
EBIT	$2.6B
EBITDA	$4.5B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.0B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$887M
Change in Working Capital	$91M
OPERATING CASH FLOW	$3.1B
Capital Expenditure	-$390M
Acquisitions (Net)	-$789M
Purchases of Investments	-$11.9B
Sales/Maturities of Investments	$8.4B
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$5.9B
Net Debt Issuance	$1.0B
Common Stock Repurchased	-$4M
Common Dividends Paid	-$554M
Other Financing Activities	$995M
NET CASH FROM FINANCING	$1.4B
FREE CASH FLOW	$2.7B
Net Change in Cash	-$761M

Balance Sheet

Item	Amount
Cash & Equivalents	$7.3B
Short-Term Investments	$0
Net Receivables	$29.4B
Inventory	$725M
Other Current Assets	$942M
TOTAL CURRENT ASSETS	$38.3B
PP&E (Net)	$3.4B
Goodwill	$2.7B
Intangible Assets	$2.9B
Long-Term Investments	$15.3B
Tax Assets	$0
Other Non-Current Assets	$13.6B
TOTAL NON-CURRENT ASSETS	$37.9B
TOTAL ASSETS	$76.3B
Account Payables	$1.8B
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$317M
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$26.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$27.3B
TOTAL NON-CURRENT LIABILITIES	$53.5B
TOTAL LIABILITIES	$57.7B
Common Stock	$1.4B
Additional Paid-In Capital	$1.6B
Retained Earnings	$16.0B
Treasury Stock	-$476M
Accum. Other Comp. Income	-$384M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.2B
Minority Interest	$413M
TOTAL EQUITY	$18.6B
TOTAL LIABILITIES & EQUITY	$76.3B
Total Debt	$28.3B
Net Debt	$21.0B