IX FY 2020 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

FY 2020 Earnings

Reported March 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$14.3B	—	$15.2B	—	-6.0%
Op. Income	$1.7B	—	$2.1B	—	-18.1%
Gross Margin	37.7%	—	36.1%	—	1.5pp
Net Margin	13.3%	—	13.3%	—	-0.1pp
EPS (Diluted)	$1.49	—	$1.58	—	-6.1%
Free Cash Flow	$5.9B	—	$2.7B	—	117.2%

Revenue Flow

Item	Amount
REVENUE	$14.3B
Cost of Revenue	$8.9B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.9B
Other Expenses	$809M
Operating Expenses	$3.7B
Cost & Expenses	$12.6B
OPERATING INCOME	$1.7B
Interest Income	$1.7B
Interest Expense	$621M
Other Income/Expenses	$895M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$663M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$1.9B
EBIT	$2.4B
EBITDA	$4.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$14.3B
Cost of Revenue	$8.9B
GROSS PROFIT	$5.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.9B
Other Expenses	$809M
Operating Expenses	$3.7B
Cost & Expenses	$12.6B
OPERATING INCOME	$1.7B
Interest Income	$1.7B
Interest Expense	$621M
Other Income/Expenses	$895M
INCOME BEFORE TAX	$2.6B
Income Tax Expense	$663M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$1.9B
EBIT	$2.4B
EBITDA	$4.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$1.9B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$2.0B
Change in Working Capital	$314M
OPERATING CASH FLOW	$6.1B
Capital Expenditure	-$279M
Acquisitions (Net)	-$148M
Purchases of Investments	-$11.0B
Sales/Maturities of Investments	$4.9B
Other Investing Activities	-$2.6B
NET CASH FROM INVESTING	-$9.1B
Net Debt Issuance	$740M
Common Stock Repurchased	-$286M
Common Dividends Paid	-$650M
Other Financing Activities	$1.9B
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$5.9B
Net Change in Cash	-$929M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.2B
Short-Term Investments	$37M
Net Receivables	$32.0B
Inventory	$789M
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$40.3B
PP&E (Net)	$5.6B
Goodwill	$2.8B
Intangible Assets	$2.9B
Long-Term Investments	$17.6B
Tax Assets	$0
Other Non-Current Assets	$12.7B
TOTAL NON-CURRENT ASSETS	$41.5B
TOTAL ASSETS	$81.9B
Account Payables	$1.8B
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$362M
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$26.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$29.6B
TOTAL NON-CURRENT LIABILITIES	$58.1B
TOTAL LIABILITIES	$62.6B
Common Stock	$1.4B
Additional Paid-In Capital	$1.6B
Retained Earnings	$17.3B
Treasury Stock	-$759M
Accum. Other Comp. Income	-$743M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.8B
Minority Interest	$517M
TOTAL EQUITY	$19.3B
TOTAL LIABILITIES & EQUITY	$81.9B
Total Debt	$30.9B
Net Debt	$24.7B