PLUS FY 2019 Earnings Report — ePlus inc. Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported May 22, 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	$1.4B	—	$1.4B	—	-3.3%
Op. Income	$80M	—	$84M	—	-5.6%
Gross Margin	24.1%	—	22.8%	—	1.3pp
Net Margin	4.6%	—	3.9%	—	0.7pp
EPS (Diluted)	$2.33	—	$1.97	—	18.3%
Free Cash Flow	$28M	—	$75M	—	-63.0%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$330M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$237M
Other Expenses	$14M
Operating Expenses	$251M
Cost & Expenses	$1.3B
OPERATING INCOME	$80M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$86M
Income Tax Expense	$23M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$13M
EBIT	$88M
EBITDA	$101M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.0B
GROSS PROFIT	$330M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$237M
Other Expenses	$14M
Operating Expenses	$251M
Cost & Expenses	$1.3B
OPERATING INCOME	$80M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$7M
INCOME BEFORE TAX	$86M
Income Tax Expense	$23M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$13M
EBIT	$88M
EBITDA	$101M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$19M
Stock-Based Compensation	$7M
Deferred Income Tax	$3M
Other Non-Cash Items	-$11M
Change in Working Capital	-$42M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$12M
Acquisitions (Net)	-$50M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$96M
Net Debt Issuance	$45M
Common Stock Repurchased	-$19M
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$18M
FREE CASH FLOW	$28M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$80M
Short-Term Investments	$0
Net Receivables	$405M
Inventory	$50M
Other Current Assets	$123M
TOTAL CURRENT ASSETS	$560M
PP&E (Net)	$17M
Goodwill	$111M
Intangible Assets	$39M
Long-Term Investments	$59M
Tax Assets	$7M
Other Non-Current Assets	-$7M
TOTAL NON-CURRENT ASSETS	$226M
TOTAL ASSETS	$786M
Account Payables	$87M
Short-Term Debt	$154M
Deferred Revenue	$47M
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$329M
Long-Term Debt	$11M
Deferred Revenue NC	$14M
Deferred Tax Liabilities	$5M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$33M
TOTAL LIABILITIES	$362M
Common Stock	$143.0K
Additional Paid-In Capital	$137M
Retained Earnings	$341M
Treasury Stock	-$54M
Accum. Other Comp. Income	-$271.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$424M
Minority Interest	$0
TOTAL EQUITY	$424M
TOTAL LIABILITIES & EQUITY	$786M
Total Debt	$165M
Net Debt	$85M