PLUS FY 2015 Earnings Report — ePlus inc. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported May 28, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	8.1%
Op. Income	$71M	—	$60M	—	17.7%
Gross Margin	21.4%	—	20.5%	—	0.9pp
Net Margin	4.0%	—	3.3%	—	0.7pp
EPS (Diluted)	$1.55	—	$1.09	—	42.2%
Free Cash Flow	$2M	—	-$18M	—	111.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$899M
GROSS PROFIT	$245M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$171M
SG&A Expenses	$171M
Other Expenses	$0
Operating Expenses	$171M
Cost & Expenses	$1.1B
OPERATING INCOME	$71M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$78M
Income Tax Expense	$32M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$16M
EBIT	$81M
EBITDA	$96M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$899M
GROSS PROFIT	$245M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$171M
SG&A Expenses	$171M
Other Expenses	$0
Operating Expenses	$171M
Cost & Expenses	$1.1B
OPERATING INCOME	$71M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$8M
INCOME BEFORE TAX	$78M
Income Tax Expense	$32M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$16M
EBIT	$81M
EBITDA	$96M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$16M
Stock-Based Compensation	$5M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$19M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$12M
Acquisitions (Net)	-$8M
Purchases of Investments	$8M
Sales/Maturities of Investments	$3M
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	$50M
Common Stock Repurchased	-$38M
Common Dividends Paid	-$90.0K
Other Financing Activities	$564.0K
NET CASH FROM FINANCING	$13M
FREE CASH FLOW	$2M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$0
Net Receivables	$317M
Inventory	$20M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$444M
PP&E (Net)	$9M
Goodwill	$34M
Intangible Assets	$7M
Long-Term Investments	-$4M
Tax Assets	$4M
Other Non-Current Assets	$77M
TOTAL NON-CURRENT ASSETS	$127M
TOTAL ASSETS	$572M
Account Payables	$66M
Short-Term Debt	$129M
Deferred Revenue	$34M
Other Current Liabilities	$8M
TOTAL CURRENT LIABILITIES	$258M
Long-Term Debt	$27M
Deferred Revenue NC	$3M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$890.0K
TOTAL NON-CURRENT LIABILITIES	$34M
TOTAL LIABILITIES	$292M
Common Stock	$131.0K
Additional Paid-In Capital	$111M
Retained Earnings	$286M
Treasury Stock	-$118M
Accum. Other Comp. Income	-$239.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$279M
Minority Interest	$0
TOTAL EQUITY	$279M
TOTAL LIABILITIES & EQUITY	$572M
Total Debt	$156M
Net Debt	$80M