NICE FY 2014 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported April 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.0B	—	$949M	—	6.6%
Op. Income	$112M	—	$80M	—	40.2%
Gross Margin	62.9%	—	61.6%	—	1.3pp
Net Margin	10.2%	—	5.8%	—	4.4pp
EPS (Diluted)	$1.69	—	$0.89	—	89.9%
Free Cash Flow	$165M	—	$103M	—	59.9%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$376M
GROSS PROFIT	$636M
R&D Expenses	$149M
Selling & Marketing	$264M
General & Administrative	$86M
SG&A Expenses	$350M
Other Expenses	-$3.0K
Operating Expenses	$519M
Cost & Expenses	$894M
OPERATING INCOME	$112M
Interest Income	$6M
Interest Expense	$73.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$115M
Income Tax Expense	$12M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$3M
Other Adjustments	$0
NET INCOME	$103M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$103M
D&A	$73M
EBIT	$110M
EBITDA	$183M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$376M
GROSS PROFIT	$636M
R&D Expenses	$149M
Selling & Marketing	$264M
General & Administrative	$86M
SG&A Expenses	$350M
Other Expenses	-$3.0K
Operating Expenses	$519M
Cost & Expenses	$894M
OPERATING INCOME	$112M
Interest Income	$6M
Interest Expense	$73.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$115M
Income Tax Expense	$12M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$3M
Other Adjustments	$0
NET INCOME	$103M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$103M
D&A	$73M
EBIT	$110M
EBITDA	$183M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$103M
Depreciation & Amortization	$73M
Stock-Based Compensation	$30M
Deferred Income Tax	-$28M
Other Non-Cash Items	-$2M
Change in Working Capital	$6M
OPERATING CASH FLOW	$182M
Capital Expenditure	-$18M
Acquisitions (Net)	-$906.0K
Purchases of Investments	-$144M
Sales/Maturities of Investments	$153M
Other Investing Activities	$37.0K
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	$0
Common Stock Repurchased	-$94M
Common Dividends Paid	-$38M
Other Financing Activities	$31M
NET CASH FROM FINANCING	-$102M
FREE CASH FLOW	$165M
Net Change in Cash	$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$187M
Short-Term Investments	$66M
Net Receivables	$176M
Inventory	$13M
Other Current Assets	$59M
TOTAL CURRENT ASSETS	$506M
PP&E (Net)	$42M
Goodwill	$695M
Intangible Assets	$114M
Long-Term Investments	$247M
Tax Assets	$9M
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.6B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$145M
Other Current Liabilities	$287M
TOTAL CURRENT LIABILITIES	$378M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$50M
TOTAL LIABILITIES	$429M
Common Stock	$18M
Additional Paid-In Capital	$1.2B
Retained Earnings	$412M
Treasury Stock	-$377M
Accum. Other Comp. Income	-$11M
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	-$187M