PENG FY 2018 Earnings Report — Penguin Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Penguin Solutions, Inc.PENG

FY 2018 Earnings

Reported August 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.3B	—	$761M	—	69.3%
Op. Income	$170M	—	$54M	—	216.0%
Gross Margin	22.6%	—	21.3%	—	1.3pp
Net Margin	9.3%	—	-1.0%	—	10.3pp
EPS (Diluted)	$2.59	—	$-0.24	—	1179.2%
Free Cash Flow	$42M	—	-$20M	—	315.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$997M
GROSS PROFIT	$292M
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$85M
SG&A Expenses	$85M
Other Expenses	-$3M
Operating Expenses	$121M
Cost & Expenses	$1.1B
OPERATING INCOME	$170M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$138M
Income Tax Expense	$18M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$26M
EBIT	$157M
EBITDA	$183M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$997M
GROSS PROFIT	$292M
R&D Expenses	$40M
Selling & Marketing	$0
General & Administrative	$85M
SG&A Expenses	$85M
Other Expenses	-$3M
Operating Expenses	$121M
Cost & Expenses	$1.1B
OPERATING INCOME	$170M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	-$32M
INCOME BEFORE TAX	$138M
Income Tax Expense	$18M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$26M
EBIT	$157M
EBITDA	$183M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$26M
Stock-Based Compensation	$11M
Deferred Income Tax	-$3M
Other Non-Cash Items	$827.0K
Change in Working Capital	-$86M
OPERATING CASH FLOW	$68M
Capital Expenditure	-$26M
Acquisitions (Net)	-$42M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$305.0K
NET CASH FROM INVESTING	-$68M
Net Debt Issuance	$3M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	-$768.0K
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$42M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$0
Net Receivables	$243M
Inventory	$221M
Other Current Assets	$15M
TOTAL CURRENT ASSETS	$522M
PP&E (Net)	$57M
Goodwill	$45M
Intangible Assets	$26M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$151M
TOTAL ASSETS	$673M
Account Payables	$223M
Short-Term Debt	$27M
Deferred Revenue	$10M
Other Current Liabilities	$20M
TOTAL CURRENT LIABILITIES	$296M
Long-Term Debt	$184M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$190M
TOTAL LIABILITIES	$486M
Common Stock	$678.0K
Additional Paid-In Capital	$250M
Retained Earnings	$112M
Treasury Stock	$0
Accum. Other Comp. Income	-$176M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$187M
Minority Interest	$0
TOTAL EQUITY	$187M
TOTAL LIABILITIES & EQUITY	$673M
Total Debt	$212M
Net Debt	$180M