NICE FY 2018 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported April 5, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.3B	—	8.4%
Op. Income	$198M	—	$150M	—	31.7%
Gross Margin	65.6%	—	64.8%	—	0.8pp
Net Margin	11.0%	—	10.8%	—	0.3pp
EPS (Diluted)	$2.52	—	$2.31	—	9.1%
Free Cash Flow	$333M	—	$327M	—	1.9%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$497M
GROSS PROFIT	$948M
R&D Expenses	$184M
Selling & Marketing	$371M
General & Administrative	$153M
SG&A Expenses	$524M
Other Expenses	$38.0K
Operating Expenses	$750M
Cost & Expenses	$1.2B
OPERATING INCOME	$198M
Interest Income	$11M
Interest Expense	$22M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$187M
Income Tax Expense	$27M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$157M
EBIT	$205M
EBITDA	$356M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$497M
GROSS PROFIT	$948M
R&D Expenses	$184M
Selling & Marketing	$371M
General & Administrative	$153M
SG&A Expenses	$524M
Other Expenses	$38.0K
Operating Expenses	$750M
Cost & Expenses	$1.2B
OPERATING INCOME	$198M
Interest Income	$11M
Interest Expense	$22M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$187M
Income Tax Expense	$27M
Net Income from Continuing Ops	$159M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$159M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$159M
D&A	$157M
EBIT	$205M
EBITDA	$356M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$159M
Depreciation & Amortization	$157M
Stock-Based Compensation	$67M
Deferred Income Tax	-$30M
Other Non-Cash Items	$9M
Change in Working Capital	$34M
OPERATING CASH FLOW	$397M
Capital Expenditure	-$64M
Acquisitions (Net)	-$105M
Purchases of Investments	-$430M
Sales/Maturities of Investments	$137M
Other Investing Activities	-$325M
NET CASH FROM INVESTING	-$461M
Net Debt Issuance	-$9M
Common Stock Repurchased	-$26M
Common Dividends Paid	$0
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$333M
Net Change in Cash	-$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$242M
Short-Term Investments	$244M
Net Receivables	$321M
Inventory	$3M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$861M
PP&E (Net)	$140M
Goodwill	$1.4B
Intangible Assets	$508M
Long-Term Investments	$245M
Tax Assets	$12M
Other Non-Current Assets	$74M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.2B
Account Payables	$30M
Short-Term Debt	$0
Deferred Revenue	$221M
Other Current Liabilities	$216M
TOTAL CURRENT LIABILITIES	$625M
Long-Term Debt	$456M
Deferred Revenue NC	$35M
Deferred Tax Liabilities	$44M
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$566M
TOTAL LIABILITIES	$1.2B
Common Stock	$19M
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.1B
Treasury Stock	-$527M
Accum. Other Comp. Income	-$47M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$456M
Net Debt	$214M