IX Q4 2020 Earnings Report — ORIX Corporation Revenue & Financial Results | Market Cap Arena

ORIX CorporationIX

Q4 2020 Earnings

Reported March 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2020	Q3 2020	Q4 2019	QoQ Change	YoY Change
Revenue	$3.5B	$3.6B	$4.0B	-3.4%	-11.4%
Op. Income	$206M	$470M	$446M	-56.1%	-53.7%
Gross Margin	37.6%	38.0%	37.0%	-0.4pp	0.6pp
Net Margin	10.4%	14.6%	13.8%	-4.2pp	-3.4pp
EPS (Diluted)	$0.29	$0.42	$0.43	-31.4%	-33.2%
Free Cash Flow	$1.6B	$1.1B	$1.0B	45.9%	59.4%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$103M
General & Administrative	$767M
SG&A Expenses	$870M
Other Expenses	$247M
Operating Expenses	$1.1B
Cost & Expenses	$3.3B
OPERATING INCOME	$206M
Interest Income	$541M
Interest Expense	$157M
Other Income/Expenses	$183M
INCOME BEFORE TAX	$389M
Income Tax Expense	$20M
Net Income from Continuing Ops	$369M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$366M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$366M
D&A	$503M
EBIT	$475M
EBITDA	$978M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$103M
General & Administrative	$767M
SG&A Expenses	$870M
Other Expenses	$247M
Operating Expenses	$1.1B
Cost & Expenses	$3.3B
OPERATING INCOME	$206M
Interest Income	$541M
Interest Expense	$157M
Other Income/Expenses	$183M
INCOME BEFORE TAX	$389M
Income Tax Expense	$20M
Net Income from Continuing Ops	$369M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$366M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$366M
D&A	$503M
EBIT	$475M
EBITDA	$978M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$366M
Depreciation & Amortization	$503M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$786M
Change in Working Capital	$78M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$122M
Acquisitions (Net)	-$631M
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$392M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$920M
Common Stock Repurchased	-$203M
Common Dividends Paid	$0
Other Financing Activities	$389M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$1.6B
Net Change in Cash	$718M

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