PENG FY 2019 Earnings Report — Penguin Solutions, Inc. Revenue & Financial Results | Market Cap Arena

Penguin Solutions, Inc.PENG

FY 2019 Earnings

Reported August 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.3B	—	-6.0%
Op. Income	$89M	—	$170M	—	-47.7%
Gross Margin	19.6%	—	22.6%	—	-3.0pp
Net Margin	4.2%	—	9.3%	—	-5.0pp
EPS (Diluted)	$1.10	—	$2.59	—	-57.5%
Free Cash Flow	$136M	—	$42M	—	223.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$974M
GROSS PROFIT	$238M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	-$3M
Operating Expenses	$148M
Cost & Expenses	$1.1B
OPERATING INCOME	$89M
Interest Income	$0
Interest Expense	$21M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$66M
Income Tax Expense	$15M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$29M
EBIT	$87M
EBITDA	$116M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$974M
GROSS PROFIT	$238M
R&D Expenses	$48M
Selling & Marketing	$0
General & Administrative	$103M
SG&A Expenses	$103M
Other Expenses	-$3M
Operating Expenses	$148M
Cost & Expenses	$1.1B
OPERATING INCOME	$89M
Interest Income	$0
Interest Expense	$21M
Other Income/Expenses	-$23M
INCOME BEFORE TAX	$66M
Income Tax Expense	$15M
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$29M
EBIT	$87M
EBITDA	$116M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$29M
Stock-Based Compensation	$18M
Deferred Income Tax	-$719.0K
Other Non-Cash Items	$809.0K
Change in Working Capital	$71M
OPERATING CASH FLOW	$170M
Capital Expenditure	-$33M
Acquisitions (Net)	-$76M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$81.0K
NET CASH FROM INVESTING	-$109M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$520.0K
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$100.0K
FREE CASH FLOW	$136M
Net Change in Cash	$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$98M
Short-Term Investments	$0
Net Receivables	$232M
Inventory	$119M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$472M
PP&E (Net)	$68M
Goodwill	$81M
Intangible Assets	$69M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$232M
TOTAL ASSETS	$704M
Account Payables	$165M
Short-Term Debt	$24M
Deferred Revenue	$19M
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$238M
Long-Term Debt	$182M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$193M
TOTAL LIABILITIES	$431M
Common Stock	$712.0K
Additional Paid-In Capital	$286M
Retained Earnings	$165M
Treasury Stock	$0
Accum. Other Comp. Income	-$178M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$273M
Minority Interest	$0
TOTAL EQUITY	$273M
TOTAL LIABILITIES & EQUITY	$704M
Total Debt	$207M
Net Debt	$108M