NICE FY 2020 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported March 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	4.7%
Op. Income	$242M	—	$239M	—	1.4%
Gross Margin	65.9%	—	66.2%	—	-0.3pp
Net Margin	11.9%	—	11.8%	—	0.1pp
EPS (Diluted)	$2.98	—	$2.88	—	3.5%
Free Cash Flow	$417M	—	$312M	—	33.6%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$562M
GROSS PROFIT	$1.1B
R&D Expenses	$218M
Selling & Marketing	$406M
General & Administrative	$181M
SG&A Expenses	$587M
Other Expenses	$39M
Operating Expenses	$844M
Cost & Expenses	$1.4B
OPERATING INCOME	$242M
Interest Income	$19M
Interest Expense	$24M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$237M
Income Tax Expense	$41M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$182M
EBIT	$255M
EBITDA	$437M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$562M
GROSS PROFIT	$1.1B
R&D Expenses	$218M
Selling & Marketing	$406M
General & Administrative	$181M
SG&A Expenses	$587M
Other Expenses	$39M
Operating Expenses	$844M
Cost & Expenses	$1.4B
OPERATING INCOME	$242M
Interest Income	$19M
Interest Expense	$24M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$237M
Income Tax Expense	$41M
Net Income from Continuing Ops	$196M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$196M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$196M
D&A	$182M
EBIT	$255M
EBITDA	$437M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$196M
Depreciation & Amortization	$182M
Stock-Based Compensation	$102M
Deferred Income Tax	-$33M
Other Non-Cash Items	$11M
Change in Working Capital	$22M
OPERATING CASH FLOW	$480M
Capital Expenditure	-$63M
Acquisitions (Net)	-$147M
Purchases of Investments	-$583M
Sales/Maturities of Investments	$329M
Other Investing Activities	-$39M
NET CASH FROM INVESTING	-$465M
Net Debt Issuance	$236M
Common Stock Repurchased	-$48M
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	$197M
FREE CASH FLOW	$417M
Net Change in Cash	$214M

Balance Sheet

Item	Amount
Cash & Equivalents	$442M
Short-Term Investments	$1.0B
Net Receivables	$309M
Inventory	$0
Other Current Assets	$94M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$235M
Goodwill	$1.5B
Intangible Assets	$366M
Long-Term Investments	$0
Tax Assets	$33M
Other Non-Current Assets	$154M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$4.2B
Account Payables	$33M
Short-Term Debt	$260M
Deferred Revenue	$312M
Other Current Liabilities	$227M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$421M
Deferred Revenue NC	$36M
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$600M
TOTAL LIABILITIES	$1.6B
Common Stock	$19M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.5B
Treasury Stock	-$574M
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$25M
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$796M
Net Debt	$354M