ONIT FY 2011 Earnings Report — Onity Group Inc. Revenue & Financial Results | Market Cap Arena

Onity Group Inc.ONIT

FY 2011 Earnings

Reported December 31, 2011

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	$505M	—	$371M	—	36.0%
Op. Income	$256M	—	$124M	—	106.9%
Gross Margin	52.3%	—	51.4%	—	0.9pp
Net Margin	15.5%	—	10.2%	—	5.3pp
EPS (Diluted)	$10.65	—	$5.40	—	97.2%
Free Cash Flow	$978M	—	$700M	—	39.7%

Revenue Flow

Item	Amount
REVENUE	$505M
Cost of Revenue	$241M
GROSS PROFIT	$264M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$77M
SG&A Expenses	$77M
Other Expenses	-$103M
Operating Expenses	$8M
Cost & Expenses	$248M
OPERATING INCOME	$256M
Interest Income	$9M
Interest Expense	$133M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$123M
Income Tax Expense	$45M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$80M
D&A	$47M
EBIT	$132M
EBITDA	$180M
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$505M
Cost of Revenue	$241M
GROSS PROFIT	$264M
R&D Expenses	$34M
Selling & Marketing	$0
General & Administrative	$77M
SG&A Expenses	$77M
Other Expenses	-$103M
Operating Expenses	$8M
Cost & Expenses	$248M
OPERATING INCOME	$256M
Interest Income	$9M
Interest Expense	$133M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$123M
Income Tax Expense	$45M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	-$1M
BOTTOM LINE NET INCOME	$80M
D&A	$47M
EBIT	$132M
EBITDA	$180M
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$47M
Stock-Based Compensation	$0
Deferred Income Tax	$30M
Other Non-Cash Items	$37M
Change in Working Capital	$789M
OPERATING CASH FLOW	$982M
Capital Expenditure	-$4M
Acquisitions (Net)	-$2.7B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$11M
NET CASH FROM INVESTING	-$2.7B
Net Debt Issuance	$1.4B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$23M
NET CASH FROM FINANCING	$1.7B
FREE CASH FLOW	$978M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$144M
Short-Term Investments	$0
Net Receivables	$141M
Inventory	$0
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$7M
Goodwill	$70M
Intangible Assets	$293M
Long-Term Investments	$24M
Tax Assets	$108M
Other Non-Current Assets	$119M
TOTAL NON-CURRENT ASSETS	$621M
TOTAL ASSETS	$4.7B
Account Payables	$33M
Short-Term Debt	$27M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$116M
Long-Term Debt	$3.2B
Deferred Revenue NC	$660.0K
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$64M
TOTAL NON-CURRENT LIABILITIES	$3.3B
TOTAL LIABILITIES	$3.4B
Common Stock	$1M
Additional Paid-In Capital	$826M
Retained Earnings	$524M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$3.2B
Net Debt	$3.1B