IX FY 2021 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

FY 2021 Earnings

Reported March 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$14.4B	—	$14.3B	—	0.5%
Op. Income	$1.6B	—	$1.7B	—	-4.0%
Gross Margin	35.4%	—	37.7%	—	-2.2pp
Net Margin	8.4%	—	13.3%	—	-4.9pp
EPS (Diluted)	$0.97	—	$1.49	—	-34.5%
Free Cash Flow	$6.5B	—	$5.9B	—	11.3%

Revenue Flow

Item	Amount
REVENUE	$14.4B
Cost of Revenue	$9.3B
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.9B
Other Expenses	$607M
Operating Expenses	$3.5B
Cost & Expenses	$12.7B
OPERATING INCOME	$1.6B
Interest Income	$1.7B
Interest Expense	$489M
Other Income/Expenses	$180M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$569M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$2.0B
EBIT	$2.1B
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$14.4B
Cost of Revenue	$9.3B
GROSS PROFIT	$5.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.9B
Other Expenses	$607M
Operating Expenses	$3.5B
Cost & Expenses	$12.7B
OPERATING INCOME	$1.6B
Interest Income	$1.7B
Interest Expense	$489M
Other Income/Expenses	$180M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$569M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.2B
D&A	$2.0B
EBIT	$2.1B
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$2.0B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$2.5B
Change in Working Capital	$1.1B
OPERATING CASH FLOW	$6.8B
Capital Expenditure	-$275M
Acquisitions (Net)	-$30M
Purchases of Investments	-$10.0B
Sales/Maturities of Investments	$3.3B
Other Investing Activities	-$471M
NET CASH FROM INVESTING	-$7.4B
Net Debt Issuance	$613M
Common Stock Repurchased	-$347M
Common Dividends Paid	-$596M
Other Financing Activities	$457M
NET CASH FROM FINANCING	$126M
FREE CASH FLOW	$6.5B
Net Change in Cash	-$349M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.0B
Short-Term Investments	$26M
Net Receivables	$31.4B
Inventory	$891M
Other Current Assets	$974M
TOTAL CURRENT ASSETS	$39.3B
PP&E (Net)	$5.3B
Goodwill	$3.1B
Intangible Assets	$3.1B
Long-Term Investments	$20.6B
Tax Assets	$0
Other Non-Current Assets	$13.5B
TOTAL NON-CURRENT ASSETS	$45.7B
TOTAL ASSETS	$85.0B
Account Payables	$1.6B
Short-Term Debt	$2.1B
Deferred Revenue	$0
Other Current Liabilities	$435M
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$27.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31.9B
TOTAL NON-CURRENT LIABILITIES	$61.4B
TOTAL LIABILITIES	$65.5B
Common Stock	$1.4B
Additional Paid-In Capital	$1.6B
Retained Earnings	$17.2B
Treasury Stock	-$701M
Accum. Other Comp. Income	-$530M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$19.0B
Minority Interest	$468M
TOTAL EQUITY	$19.4B
TOTAL LIABILITIES & EQUITY	$85.0B
Total Debt	$31.6B
Net Debt	$25.6B