NICE Q1 2021 Earnings Report — NICE Ltd. Revenue & Financial Results | Market Cap Arena

Q1 2021 Earnings

Reported May 13, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2021	Q4 2020	Q1 2020	QoQ Change	YoY Change
Revenue	$455M	—	$410M	—	10.9%
Op. Income	$66M	—	$59M	—	13.0%
Gross Margin	67.5%	—	65.9%	—	1.6pp
Net Margin	11.5%	—	11.3%	—	0.2pp
EPS (Diluted)	$0.78	—	$0.71	—	9.9%
Free Cash Flow	$152M	—	$136M	—	11.7%

Revenue Flow

Item	Amount
REVENUE	$455M
Cost of Revenue	$148M
GROSS PROFIT	$307M
R&D Expenses	$59M
Selling & Marketing	$129M
General & Administrative	$53M
SG&A Expenses	$182M
Other Expenses	$0
Operating Expenses	$241M
Cost & Expenses	$389M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$63M
Income Tax Expense	$11M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$45M
EBIT	$66M
EBITDA	$111M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$455M
Cost of Revenue	$148M
GROSS PROFIT	$307M
R&D Expenses	$59M
Selling & Marketing	$129M
General & Administrative	$53M
SG&A Expenses	$182M
Other Expenses	$0
Operating Expenses	$241M
Cost & Expenses	$389M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$63M
Income Tax Expense	$11M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$45M
EBIT	$66M
EBITDA	$111M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$45M
Stock-Based Compensation	$31M
Deferred Income Tax	-$858.0K
Other Non-Cash Items	$8M
Change in Working Capital	$28M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$12M
Acquisitions (Net)	$444.0K
Purchases of Investments	-$153M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$111M
Net Debt Issuance	$0
Common Stock Repurchased	-$44M
Common Dividends Paid	$0
Other Financing Activities	$292.0K
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$152M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$451M
Short-Term Investments	$1.1B
Net Receivables	$323M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$229M
Goodwill	$1.5B
Intangible Assets	$337M
Long-Term Investments	$0
Tax Assets	$35M
Other Non-Current Assets	$157M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$4.3B
Account Payables	$45M
Short-Term Debt	$262M
Deferred Revenue	$320M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$423M
Deferred Revenue NC	$80M
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$641M
TOTAL LIABILITIES	$1.7B
Common Stock	$2.6B
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$25M
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$4.3B
Total Debt	$794M
Net Debt	$343M