NICE FY 2010 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2010 Earnings

Reported March 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$689M	—	$583M	—	18.2%
Op. Income	$49M	—	$38M	—	28.4%
Gross Margin	61.0%	—	59.3%	—	1.7pp
Net Margin	7.1%	—	7.3%	—	-0.3pp
EPS (Diluted)	$0.76	—	$0.68	—	11.8%
Free Cash Flow	$132M	—	$109M	—	21.6%

Revenue Flow

Item	Amount
REVENUE	$689M
Cost of Revenue	$269M
GROSS PROFIT	$420M
R&D Expenses	$97M
Selling & Marketing	$178M
General & Administrative	$76M
SG&A Expenses	$255M
Other Expenses	$288M
Operating Expenses	$371M
Cost & Expenses	$640M
OPERATING INCOME	$49M
Interest Income	$9M
Interest Expense	$4M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$58M
Income Tax Expense	$9M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$57M
EBIT	$58M
EBITDA	$115M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$689M
Cost of Revenue	$269M
GROSS PROFIT	$420M
R&D Expenses	$97M
Selling & Marketing	$178M
General & Administrative	$76M
SG&A Expenses	$255M
Other Expenses	$288M
Operating Expenses	$371M
Cost & Expenses	$640M
OPERATING INCOME	$49M
Interest Income	$9M
Interest Expense	$4M
Other Income/Expenses	$9M
INCOME BEFORE TAX	$58M
Income Tax Expense	$9M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$57M
EBIT	$58M
EBITDA	$115M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$57M
Stock-Based Compensation	$21M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$2M
Change in Working Capital	$25M
OPERATING CASH FLOW	$145M
Capital Expenditure	-$13M
Acquisitions (Net)	-$52M
Purchases of Investments	-$388M
Sales/Maturities of Investments	$177M
Other Investing Activities	$13.0K
NET CASH FROM INVESTING	-$277M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$26M
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	$132M
Net Change in Cash	-$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$110M
Short-Term Investments	$243M
Net Receivables	$99M
Inventory	$11M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$501M
PP&E (Net)	$22M
Goodwill	$528M
Intangible Assets	$142M
Long-Term Investments	$311M
Tax Assets	$0
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.5B
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$327M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$374M
Common Stock	$16M
Additional Paid-In Capital	$939M
Retained Earnings	$195M
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$0
Net Debt	-$110M