ONIT FY 2012 Earnings Report — Onity Group Inc. Revenue & Financial Results | Market Cap Arena

Onity Group Inc.ONIT

FY 2012 Earnings

Reported December 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$854M	—	$505M	—	69.1%
Op. Income	$481M	—	$256M	—	87.8%
Gross Margin	56.5%	—	52.3%	—	4.2pp
Net Margin	21.2%	—	15.5%	—	5.7pp
EPS (Diluted)	$19.65	—	$10.65	—	84.5%
Free Cash Flow	$1.6B	—	$978M	—	65.2%

Revenue Flow

Item	Amount
REVENUE	$854M
Cost of Revenue	$371M
GROSS PROFIT	$482M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	-$166M
Operating Expenses	$898.0K
Cost & Expenses	$372M
OPERATING INCOME	$481M
Interest Income	$8M
Interest Expense	$223M
Other Income/Expenses	-$224M
INCOME BEFORE TAX	$258M
Income Tax Expense	$77M
Net Income from Continuing Ops	$181M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$181M
Net Income Deductions	-$107.0K
BOTTOM LINE NET INCOME	$181M
D&A	$79M
EBIT	$266M
EBITDA	$345M
EPS	$20
EPS Diluted	$20

Income Statement

Item	Amount
REVENUE	$854M
Cost of Revenue	$371M
GROSS PROFIT	$482M
R&D Expenses	$45M
Selling & Marketing	$0
General & Administrative	$122M
SG&A Expenses	$122M
Other Expenses	-$166M
Operating Expenses	$898.0K
Cost & Expenses	$372M
OPERATING INCOME	$481M
Interest Income	$8M
Interest Expense	$223M
Other Income/Expenses	-$224M
INCOME BEFORE TAX	$258M
Income Tax Expense	$77M
Net Income from Continuing Ops	$181M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$181M
Net Income Deductions	-$107.0K
BOTTOM LINE NET INCOME	$181M
D&A	$79M
EBIT	$266M
EBITDA	$345M
EPS	$20
EPS Diluted	$20

Cash Flow Statement

Item	Amount
Net Income	$181M
Depreciation & Amortization	$79M
Stock-Based Compensation	$3M
Deferred Income Tax	$62M
Other Non-Cash Items	$104M
Change in Working Capital	$1.4B
OPERATING CASH FLOW	$1.8B
Capital Expenditure	-$199M
Acquisitions (Net)	-$448M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$730M
NET CASH FROM INVESTING	$263M
Net Debt Issuance	-$2.3B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$280M
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$1.6B
Net Change in Cash	$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$220M
Short-Term Investments	$0
Net Receivables	$642M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$33M
Goodwill	$416M
Intangible Assets	$764M
Long-Term Investments	$25M
Tax Assets	$97M
Other Non-Current Assets	$145M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$5.7B
Account Payables	$0
Short-Term Debt	$33M
Deferred Revenue	$0
Other Current Liabilities	$20M
TOTAL CURRENT LIABILITIES	$199M
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.0B
TOTAL NON-CURRENT LIABILITIES	$3.7B
TOTAL LIABILITIES	$3.9B
Common Stock	$1M
Additional Paid-In Capital	$912M
Retained Earnings	$705M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$5.7B
Total Debt	$1.7B
Net Debt	$1.5B