KFY FY 2015 Earnings Report — Korn Ferry Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported June 26, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.1B	—	$996M	—	7.1%
Op. Income	$114M	—	$92M	—	24.5%
Gross Margin	92.7%	—	92.4%	—	0.3pp
Net Margin	8.3%	—	7.3%	—	1.0pp
EPS (Diluted)	$1.76	—	$1.48	—	18.9%
Free Cash Flow	$85M	—	$101M	—	-15.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$78M
GROSS PROFIT	$988M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$837M
SG&A Expenses	$837M
Other Expenses	$37M
Operating Expenses	$874M
Cost & Expenses	$952M
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$122M
Income Tax Expense	$34M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$28M
EBIT	$123M
EBITDA	$151M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$78M
GROSS PROFIT	$988M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$837M
SG&A Expenses	$837M
Other Expenses	$37M
Operating Expenses	$874M
Cost & Expenses	$952M
OPERATING INCOME	$114M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$6M
INCOME BEFORE TAX	$122M
Income Tax Expense	$34M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$28M
EBIT	$123M
EBITDA	$151M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$28M
Stock-Based Compensation	$14M
Deferred Income Tax	-$316.0K
Other Non-Cash Items	-$12M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$22M
Acquisitions (Net)	-$15M
Purchases of Investments	-$23M
Sales/Maturities of Investments	$21M
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$5M
Other Financing Activities	$471.0K
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$85M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$381M
Short-Term Investments	$26M
Net Receivables	$200M
Inventory	$0
Other Current Assets	$35M
TOTAL CURRENT ASSETS	$641M
PP&E (Net)	$62M
Goodwill	$254M
Intangible Assets	$48M
Long-Term Investments	$119M
Tax Assets	$56M
Other Non-Current Assets	$138M
TOTAL NON-CURRENT ASSETS	$677M
TOTAL ASSETS	$1.3B
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$41M
Other Current Liabilities	$26M
TOTAL CURRENT LIABILITIES	$306M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$197M
TOTAL NON-CURRENT LIABILITIES	$197M
TOTAL LIABILITIES	$503M
Common Stock	$464M
Additional Paid-In Capital	$0
Retained Earnings	$392M
Treasury Stock	$0
Accum. Other Comp. Income	-$41M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$815M
Minority Interest	$0
TOTAL EQUITY	$815M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$381M