NICE FY 2011 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported March 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$794M	—	$689M	—	15.1%
Op. Income	$59M	—	$49M	—	20.3%
Gross Margin	61.3%	—	61.0%	—	0.3pp
Net Margin	7.2%	—	7.1%	—	0.1pp
EPS (Diluted)	$0.89	—	$0.76	—	17.1%
Free Cash Flow	$133M	—	$132M	—	0.7%

Revenue Flow

Item	Amount
REVENUE	$794M
Cost of Revenue	$307M
GROSS PROFIT	$487M
R&D Expenses	$109M
Selling & Marketing	$199M
General & Administrative	$96M
SG&A Expenses	$295M
Other Expenses	$331M
Operating Expenses	$427M
Cost & Expenses	$735M
OPERATING INCOME	$59M
Interest Income	$12M
Interest Expense	$930.0K
Other Income/Expenses	$10M
INCOME BEFORE TAX	$69M
Income Tax Expense	$12M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$67M
EBIT	$70M
EBITDA	$137M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$794M
Cost of Revenue	$307M
GROSS PROFIT	$487M
R&D Expenses	$109M
Selling & Marketing	$199M
General & Administrative	$96M
SG&A Expenses	$295M
Other Expenses	$331M
Operating Expenses	$427M
Cost & Expenses	$735M
OPERATING INCOME	$59M
Interest Income	$12M
Interest Expense	$930.0K
Other Income/Expenses	$10M
INCOME BEFORE TAX	$69M
Income Tax Expense	$12M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$67M
EBIT	$70M
EBITDA	$137M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$67M
Stock-Based Compensation	$21M
Deferred Income Tax	-$9M
Other Non-Cash Items	$2M
Change in Working Capital	$16M
OPERATING CASH FLOW	$154M
Capital Expenditure	-$21M
Acquisitions (Net)	-$143M
Purchases of Investments	-$203M
Sales/Maturities of Investments	$377M
Other Investing Activities	$84.0K
NET CASH FROM INVESTING	$9M
Net Debt Issuance	$0
Common Stock Repurchased	-$96M
Common Dividends Paid	$0
Other Financing Activities	$372.0K
NET CASH FROM FINANCING	-$69M
FREE CASH FLOW	$133M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$204M
Short-Term Investments	$144M
Net Receivables	$161M
Inventory	$13M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$543M
PP&E (Net)	$28M
Goodwill	$609M
Intangible Assets	$158M
Long-Term Investments	$214M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.6B
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$160M
Other Current Liabilities	$2M
TOTAL CURRENT LIABILITIES	$370M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$54M
TOTAL LIABILITIES	$423M
Common Stock	$16M
Additional Paid-In Capital	$988M
Retained Earnings	$253M
Treasury Stock	-$96M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$0
Net Debt	-$204M