NICE FY 2008 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2008 Earnings

Reported April 6, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$624M	—	$517M	—	20.6%
Op. Income	$37M	—	$33M	—	13.8%
Gross Margin	61.7%	—	60.1%	—	1.6pp
Net Margin	6.3%	—	7.2%	—	-1.0pp
EPS (Diluted)	$0.64	—	$0.67	—	-4.5%
Free Cash Flow	$115M	—	$106M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$624M
Cost of Revenue	$239M
GROSS PROFIT	$385M
R&D Expenses	$78M
Selling & Marketing	$148M
General & Administrative	$97M
SG&A Expenses	$245M
Other Expenses	$243M
Operating Expenses	$348M
Cost & Expenses	$587M
OPERATING INCOME	$37M
Interest Income	$13M
Interest Expense	$613.0K
Other Income/Expenses	$11M
INCOME BEFORE TAX	$49M
Income Tax Expense	$9M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$43M
EBIT	$49M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$624M
Cost of Revenue	$239M
GROSS PROFIT	$385M
R&D Expenses	$78M
Selling & Marketing	$148M
General & Administrative	$97M
SG&A Expenses	$245M
Other Expenses	$243M
Operating Expenses	$348M
Cost & Expenses	$587M
OPERATING INCOME	$37M
Interest Income	$13M
Interest Expense	$613.0K
Other Income/Expenses	$11M
INCOME BEFORE TAX	$49M
Income Tax Expense	$9M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$43M
EBIT	$49M
EBITDA	$92M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$43M
Stock-Based Compensation	$25M
Deferred Income Tax	-$6M
Other Non-Cash Items	$7M
Change in Working Capital	$27M
OPERATING CASH FLOW	$136M
Capital Expenditure	-$20M
Acquisitions (Net)	-$3M
Purchases of Investments	-$231M
Sales/Maturities of Investments	$39M
Other Investing Activities	$94M
NET CASH FROM INVESTING	-$121M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$16M
NET CASH FROM FINANCING	$16M
FREE CASH FLOW	$115M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$144M
Short-Term Investments	$186M
Net Receivables	$116M
Inventory	$12M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$478M
PP&E (Net)	$23M
Goodwill	$446M
Intangible Assets	$145M
Long-Term Investments	$171M
Tax Assets	$7M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$811M
TOTAL ASSETS	$1.3B
Account Payables	$23M
Short-Term Debt	$0
Deferred Revenue	$108M
Other Current Liabilities	$87M
TOTAL CURRENT LIABILITIES	$261M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$57M
TOTAL LIABILITIES	$318M
Common Stock	$15M
Additional Paid-In Capital	$853M
Retained Earnings	$104M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$971M
Minority Interest	$0
TOTAL EQUITY	$971M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$144M