ONIT FY 2013 Earnings Report — Onity Group Inc. Revenue & Financial Results | Market Cap Arena

Onity Group Inc.ONIT

FY 2013 Earnings

Reported December 31, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.1B	—	$854M	—	141.4%
Op. Income	$737M	—	$481M	—	53.1%
Gross Margin	53.9%	—	56.5%	—	-2.6pp
Net Margin	15.1%	—	21.2%	—	-6.1pp
EPS (Diluted)	$30.30	—	$19.65	—	54.2%
Free Cash Flow	-$132M	—	$1.6B	—	-108.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$950M
GROSS PROFIT	$1.1B
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$369M
SG&A Expenses	$369M
Other Expenses	-$137M
Operating Expenses	$373M
Cost & Expenses	$1.3B
OPERATING INCOME	$737M
Interest Income	$22M
Interest Expense	$396M
Other Income/Expenses	-$385M
INCOME BEFORE TAX	$352M
Income Tax Expense	$42M
Net Income from Continuing Ops	$310M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$310M
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$298M
D&A	$307M
EBIT	$364M
EBITDA	$671M
EPS	$31
EPS Diluted	$30

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$950M
GROSS PROFIT	$1.1B
R&D Expenses	$140M
Selling & Marketing	$0
General & Administrative	$369M
SG&A Expenses	$369M
Other Expenses	-$137M
Operating Expenses	$373M
Cost & Expenses	$1.3B
OPERATING INCOME	$737M
Interest Income	$22M
Interest Expense	$396M
Other Income/Expenses	-$385M
INCOME BEFORE TAX	$352M
Income Tax Expense	$42M
Net Income from Continuing Ops	$310M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$310M
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$298M
D&A	$307M
EBIT	$364M
EBITDA	$671M
EPS	$31
EPS Diluted	$30

Cash Flow Statement

Item	Amount
Net Income	$310M
Depreciation & Amortization	$307M
Stock-Based Compensation	$6M
Deferred Income Tax	-$21M
Other Non-Cash Items	-$308M
Change in Working Capital	$590M
OPERATING CASH FLOW	$884M
Capital Expenditure	-$1.0B
Acquisitions (Net)	-$2.1B
Purchases of Investments	-$610M
Sales/Maturities of Investments	$6M
Other Investing Activities	$301M
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$218M
Common Dividends Paid	$0
Other Financing Activities	$446M
NET CASH FROM FINANCING	$1.5B
FREE CASH FLOW	-$132M
Net Change in Cash	-$42M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$0
Net Receivables	$1.3B
Inventory	$0
Other Current Assets	$130M
TOTAL CURRENT ASSETS	$5.2B
PP&E (Net)	$54M
Goodwill	$420M
Intangible Assets	$2.1B
Long-Term Investments	$12M
Tax Assets	$116M
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$7.9B
Account Payables	$34M
Short-Term Debt	$114M
Deferred Revenue	$0
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$437M
Long-Term Debt	$4.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$970M
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$6.1B
Common Stock	$1M
Additional Paid-In Capital	$818M
Retained Earnings	$1.0B
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$4.8B
Net Debt	$4.6B