KFY FY 2014 Earnings Report — Korn Ferry Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported June 27, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$996M	—	$850M	—	17.2%
Op. Income	$92M	—	$44M	—	108.8%
Gross Margin	92.4%	—	92.3%	—	0.2pp
Net Margin	7.3%	—	3.9%	—	3.4pp
EPS (Diluted)	$1.48	—	$0.70	—	111.4%
Free Cash Flow	$101M	—	$49M	—	107.6%

Revenue Flow

Item	Amount
REVENUE	$996M
Cost of Revenue	$75M
GROSS PROFIT	$920M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$799M
SG&A Expenses	$799M
Other Expenses	$30M
Operating Expenses	$829M
Cost & Expenses	$904M
OPERATING INCOME	$92M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$99M
Income Tax Expense	$28M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$26M
EBIT	$95M
EBITDA	$121M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$996M
Cost of Revenue	$75M
GROSS PROFIT	$920M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$799M
SG&A Expenses	$799M
Other Expenses	$30M
Operating Expenses	$829M
Cost & Expenses	$904M
OPERATING INCOME	$92M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$99M
Income Tax Expense	$28M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$26M
EBIT	$95M
EBITDA	$121M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$26M
Stock-Based Compensation	$12M
Deferred Income Tax	$8M
Other Non-Cash Items	-$10M
Change in Working Capital	$21M
OPERATING CASH FLOW	$129M
Capital Expenditure	-$29M
Acquisitions (Net)	-$15M
Purchases of Investments	-$28M
Sales/Maturities of Investments	$44M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	-$388.0K
Common Stock Repurchased	-$2M
Common Dividends Paid	-$2M
Other Financing Activities	$8M
NET CASH FROM FINANCING	$6M
FREE CASH FLOW	$101M
Net Change in Cash	$110M

Balance Sheet

Item	Amount
Cash & Equivalents	$334M
Short-Term Investments	$10M
Net Receivables	$184M
Inventory	$0
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$562M
PP&E (Net)	$60M
Goodwill	$258M
Intangible Assets	$50M
Long-Term Investments	$125M
Tax Assets	$55M
Other Non-Current Assets	$124M
TOTAL NON-CURRENT ASSETS	$672M
TOTAL ASSETS	$1.2B
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$37M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$287M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$191M
TOTAL NON-CURRENT LIABILITIES	$191M
TOTAL LIABILITIES	$478M
Common Stock	$450M
Additional Paid-In Capital	$0
Retained Earnings	$309M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	-$488.0K
TOTAL STOCKHOLDERS' EQUITY	$756M
Minority Interest	$0
TOTAL EQUITY	$756M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$334M