NICE FY 2009 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2009 Earnings

Reported March 31, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$583M	—	$624M	—	-6.6%
Op. Income	$38M	—	$37M	—	2.3%
Gross Margin	59.3%	—	61.7%	—	-2.4pp
Net Margin	7.3%	—	6.3%	—	1.1pp
EPS (Diluted)	$0.68	—	$0.64	—	6.3%
Free Cash Flow	$109M	—	$115M	—	-6.0%

Revenue Flow

Item	Amount
REVENUE	$583M
Cost of Revenue	$237M
GROSS PROFIT	$346M
R&D Expenses	$77M
Selling & Marketing	$142M
General & Administrative	$73M
SG&A Expenses	$214M
Other Expenses	$253M
Operating Expenses	$308M
Cost & Expenses	$545M
OPERATING INCOME	$38M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$46M
Income Tax Expense	$3M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$47M
EBIT	$51M
EBITDA	$94M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$583M
Cost of Revenue	$237M
GROSS PROFIT	$346M
R&D Expenses	$77M
Selling & Marketing	$142M
General & Administrative	$73M
SG&A Expenses	$214M
Other Expenses	$253M
Operating Expenses	$308M
Cost & Expenses	$545M
OPERATING INCOME	$38M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$46M
Income Tax Expense	$3M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$47M
EBIT	$51M
EBITDA	$94M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$47M
Stock-Based Compensation	$18M
Deferred Income Tax	-$7M
Other Non-Cash Items	-$2M
Change in Working Capital	$20M
OPERATING CASH FLOW	$120M
Capital Expenditure	-$11M
Acquisitions (Net)	-$85M
Purchases of Investments	-$308M
Sales/Maturities of Investments	$332M
Other Investing Activities	$70.0K
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$21M
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	$109M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$215M
Short-Term Investments	$109M
Net Receivables	$102M
Inventory	$14M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$472M
PP&E (Net)	$22M
Goodwill	$494M
Intangible Assets	$157M
Long-Term Investments	$225M
Tax Assets	$6M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$927M
TOTAL ASSETS	$1.4B
Account Payables	$26M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$288M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$337M
Common Stock	$15M
Additional Paid-In Capital	$892M
Retained Earnings	$147M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$215M