PLUS FY 2017 Earnings Report — ePlus inc. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported May 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	10.4%
Op. Income	$86M	—	$76M	—	13.2%
Gross Margin	22.5%	—	21.8%	—	0.8pp
Net Margin	3.8%	—	3.7%	—	0.1pp
EPS (Diluted)	$1.80	—	$1.52	—	18.4%
Free Cash Flow	$23M	—	-$1M	—	2260.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$300M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$205M
Other Expenses	$7M
Operating Expenses	$212M
Cost & Expenses	$1.2B
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$380.0K
INCOME BEFORE TAX	$86M
Income Tax Expense	$36M
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	$7M
EBIT	$88M
EBITDA	$95M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.0B
GROSS PROFIT	$300M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$205M
Other Expenses	$7M
Operating Expenses	$212M
Cost & Expenses	$1.2B
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$380.0K
INCOME BEFORE TAX	$86M
Income Tax Expense	$36M
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	$7M
EBIT	$88M
EBITDA	$95M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$12M
Stock-Based Compensation	$6M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$13M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$33M
Capital Expenditure	-$10M
Acquisitions (Net)	-$9M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$8M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	$33M
Common Stock Repurchased	-$30M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$23M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$110M
Short-Term Investments	$0
Net Receivables	$343M
Inventory	$94M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$597M
PP&E (Net)	$12M
Goodwill	$48M
Intangible Assets	$12M
Long-Term Investments	$72M
Tax Assets	$12M
Other Non-Current Assets	-$12M
TOTAL NON-CURRENT ASSETS	$144M
TOTAL ASSETS	$742M
Account Payables	$114M
Short-Term Debt	$160M
Deferred Revenue	$65M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$376M
Long-Term Debt	$10M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$396M
Common Stock	$142.0K
Additional Paid-In Capital	$124M
Retained Earnings	$223M
Treasury Stock	$0
Accum. Other Comp. Income	-$583.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$346M
Minority Interest	$0
TOTAL EQUITY	$346M
TOTAL LIABILITIES & EQUITY	$742M
Total Debt	$170M
Net Debt	$60M