OTEX FY 2009 Earnings Report — Open Text Corporation Revenue & Financial Results | Market Cap Arena

Open Text CorporationOTEX

FY 2009 Earnings

Reported August 21, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$788M	—	$723M	—	9.1%
Op. Income	$112M	—	$100M	—	12.9%
Gross Margin	62.2%	—	62.0%	—	0.2pp
Net Margin	7.2%	—	7.3%	—	-0.1pp
EPS (Diluted)	$0.27	—	$0.25	—	8.0%
Free Cash Flow	$164M	—	$159M	—	3.1%

Revenue Flow

Item	Amount
REVENUE	$788M
Cost of Revenue	$298M
GROSS PROFIT	$490M
R&D Expenses	$117M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$261M
Other Expenses	$0
Operating Expenses	$378M
Cost & Expenses	$676M
OPERATING INCOME	$112M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$81M
Income Tax Expense	$24M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$93M
EBIT	$95M
EBITDA	$188M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$788M
Cost of Revenue	$298M
GROSS PROFIT	$490M
R&D Expenses	$117M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$261M
Other Expenses	$0
Operating Expenses	$378M
Cost & Expenses	$676M
OPERATING INCOME	$112M
Interest Income	$0
Interest Expense	$14M
Other Income/Expenses	-$31M
INCOME BEFORE TAX	$81M
Income Tax Expense	$24M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$93M
EBIT	$95M
EBITDA	$188M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$93M
Stock-Based Compensation	$5M
Deferred Income Tax	-$10M
Other Non-Cash Items	-$3M
Change in Working Capital	$35M
OPERATING CASH FLOW	$176M
Capital Expenditure	-$12M
Acquisitions (Net)	-$140M
Purchases of Investments	-$9M
Sales/Maturities of Investments	$152M
Other Investing Activities	-$152M
NET CASH FROM INVESTING	-$161M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	$25M
FREE CASH FLOW	$164M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$276M
Short-Term Investments	$0
Net Receivables	$120M
Inventory	$2M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$435M
PP&E (Net)	$45M
Goodwill	$576M
Intangible Assets	$315M
Long-Term Investments	$13M
Tax Assets	$110M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.5B
Account Payables	$15M
Short-Term Debt	$3M
Deferred Revenue	$189M
Other Current Liabilities	$508.0K
TOTAL CURRENT LIABILITIES	$321M
Long-Term Debt	$299M
Deferred Revenue NC	$8M
Deferred Tax Liabilities	$109M
Other Non-Current Liabilities	$84M
TOTAL NON-CURRENT LIABILITIES	$500M
TOTAL LIABILITIES	$821M
Common Stock	$0
Additional Paid-In Capital	$510M
Retained Earnings	$104M
Treasury Stock	$0
Accum. Other Comp. Income	$72M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$686M
Minority Interest	$0
TOTAL EQUITY	$686M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$303M
Net Debt	$27M