KFY FY 2012 Earnings Report — Korn Ferry Revenue & Financial Results | Market Cap Arena

FY 2012 Earnings

Reported June 22, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$827M	—	$776M	—	6.5%
Op. Income	$83M	—	$86M	—	-3.4%
Gross Margin	93.2%	—	93.3%	—	-0.1pp
Net Margin	6.6%	—	7.6%	—	-1.0pp
EPS (Diluted)	$1.15	—	$1.27	—	-9.4%
Free Cash Flow	$52M	—	$68M	—	-23.2%

Revenue Flow

Item	Amount
REVENUE	$827M
Cost of Revenue	$56M
GROSS PROFIT	$771M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$673M
SG&A Expenses	$673M
Other Expenses	$15M
Operating Expenses	$688M
Cost & Expenses	$744M
OPERATING INCOME	$83M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$81M
Income Tax Expense	$28M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$14M
EBIT	$83M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$827M
Cost of Revenue	$56M
GROSS PROFIT	$771M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$673M
SG&A Expenses	$673M
Other Expenses	$15M
Operating Expenses	$688M
Cost & Expenses	$744M
OPERATING INCOME	$83M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$81M
Income Tax Expense	$28M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$14M
EBIT	$83M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$14M
Stock-Based Compensation	$13M
Deferred Income Tax	$7M
Other Non-Cash Items	-$4M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$71M
Capital Expenditure	-$19M
Acquisitions (Net)	-$1M
Purchases of Investments	-$56M
Sales/Maturities of Investments	$43M
Other Investing Activities	-$291.0K
NET CASH FROM INVESTING	-$33M
Net Debt Issuance	$366.0K
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$6M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$52M
Net Change in Cash	$35M

Balance Sheet

Item	Amount
Cash & Equivalents	$282M
Short-Term Investments	$41M
Net Receivables	$138M
Inventory	$0
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$500M
PP&E (Net)	$50M
Goodwill	$176M
Intangible Assets	$20M
Long-Term Investments	$133M
Tax Assets	$57M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$515M
TOTAL ASSETS	$1.0B
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$38M
TOTAL CURRENT LIABILITIES	$215M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$170M
TOTAL NON-CURRENT LIABILITIES	$170M
TOTAL LIABILITIES	$385M
Common Stock	$420M
Additional Paid-In Capital	$0
Retained Earnings	$203M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	-$510.0K
TOTAL STOCKHOLDERS' EQUITY	$630M
Minority Interest	-$510.0K
TOTAL EQUITY	$629M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$0
Net Debt	-$282M