OTEX FY 2014 Earnings Report — Open Text Corporation Revenue & Financial Results | Market Cap Arena

Open Text CorporationOTEX

FY 2014 Earnings

Reported July 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$338M	—	—	—	—
Gross Margin	61.4%	—	—	—	—
Net Margin	13.4%	—	—	—	—
EPS (Diluted)	$0.91	—	—	—	—
Free Cash Flow	$375M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$631M
GROSS PROFIT	$1.0B
R&D Expenses	$178M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$486M
Other Expenses	$0
Operating Expenses	$664M
Cost & Expenses	$1.3B
OPERATING INCOME	$338M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$278M
Income Tax Expense	$59M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$187M
EBIT	$306M
EBITDA	$493M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$631M
GROSS PROFIT	$1.0B
R&D Expenses	$178M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$486M
Other Expenses	$0
Operating Expenses	$664M
Cost & Expenses	$1.3B
OPERATING INCOME	$338M
Interest Income	$0
Interest Expense	$28M
Other Income/Expenses	-$60M
INCOME BEFORE TAX	$278M
Income Tax Expense	$59M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$187M
EBIT	$306M
EBITDA	$493M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$218M
Depreciation & Amortization	$186M
Stock-Based Compensation	$20M
Deferred Income Tax	-$31M
Other Non-Cash Items	$16M
Change in Working Capital	$8M
OPERATING CASH FLOW	$417M
Capital Expenditure	-$42M
Acquisitions (Net)	-$1.1B
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$754M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$75M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$688M
FREE CASH FLOW	$375M
Net Change in Cash	-$43M

Balance Sheet

Item	Amount
Cash & Equivalents	$428M
Short-Term Investments	$0
Net Receivables	$318M
Inventory	$0
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$816M
PP&E (Net)	$142M
Goodwill	$1.9B
Intangible Assets	$725M
Long-Term Investments	$7M
Tax Assets	$161M
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.9B
Account Payables	$16M
Short-Term Debt	$63M
Deferred Revenue	$333M
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$641M
Long-Term Debt	$1.3B
Deferred Revenue NC	$17M
Deferred Tax Liabilities	$60M
Other Non-Current Liabilities	$282M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.3B
Common Stock	$793M
Additional Paid-In Capital	$112M
Retained Earnings	$716M
Treasury Stock	-$19M
Accum. Other Comp. Income	$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$301.0K
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$1.3B
Net Debt	$891M