PLUS FY 2016 Earnings Report — ePlus inc. Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported May 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	5.3%
Op. Income	$76M	—	$71M	—	7.1%
Gross Margin	21.8%	—	21.4%	—	0.4pp
Net Margin	3.7%	—	4.0%	—	-0.3pp
EPS (Diluted)	$1.52	—	$1.55	—	-1.9%
Free Cash Flow	-$1M	—	$2M	—	-152.4%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$942M
GROSS PROFIT	$262M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$179M
SG&A Expenses	$179M
Other Expenses	$6M
Operating Expenses	$185M
Cost & Expenses	$1.1B
OPERATING INCOME	$76M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$76M
Income Tax Expense	$31M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$6M
EBIT	$78M
EBITDA	$83M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$942M
GROSS PROFIT	$262M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$179M
SG&A Expenses	$179M
Other Expenses	$6M
Operating Expenses	$185M
Cost & Expenses	$1.1B
OPERATING INCOME	$76M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$76M
Income Tax Expense	$31M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$6M
EBIT	$78M
EBITDA	$83M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$16M
Stock-Based Compensation	$6M
Deferred Income Tax	$4M
Other Non-Cash Items	-$16M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$14M
Acquisitions (Net)	-$17M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$50M
Net Debt Issuance	$67M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$80.0K
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$54M
FREE CASH FLOW	-$1M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$0
Net Receivables	$333M
Inventory	$33M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$478M
PP&E (Net)	$9M
Goodwill	$42M
Intangible Assets	$12M
Long-Term Investments	$58M
Tax Assets	-$58M
Other Non-Current Assets	$76M
TOTAL NON-CURRENT ASSETS	$139M
TOTAL ASSETS	$617M
Account Payables	$77M
Short-Term Debt	$150M
Deferred Revenue	$18M
Other Current Liabilities	$13M
TOTAL CURRENT LIABILITIES	$273M
Long-Term Debt	$19M
Deferred Revenue NC	$2M
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$397.0K
TOTAL NON-CURRENT LIABILITIES	$24M
TOTAL LIABILITIES	$298M
Common Stock	$132.0K
Additional Paid-In Capital	$118M
Retained Earnings	$331M
Treasury Stock	-$130M
Accum. Other Comp. Income	-$471.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$319M
Minority Interest	$0
TOTAL EQUITY	$319M
TOTAL LIABILITIES & EQUITY	$617M
Total Debt	$169M
Net Debt	$75M