PX FY 2011 Earnings Report — P10, Inc. Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$11.3B	—	$10.1B	—	11.2%
Op. Income	$2.5B	—	$2.1B	—	18.5%
Gross Margin	42.6%	—	43.1%	—	-0.5pp
Net Margin	14.9%	—	11.8%	—	3.0pp
EPS (Diluted)	$136.28	—	$95.94	—	42.0%
Free Cash Flow	$658M	—	$517M	—	27.3%

Revenue Flow

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$6.5B
GROSS PROFIT	$4.8B
R&D Expenses	$90M
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$7.8B
OPERATING INCOME	$2.5B
Interest Income	$0
Interest Expense	$145M
Other Income/Expenses	-$214.0K
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$641M
Net Income from Continuing Ops	-$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$1.7B
NET INCOME	$1.7B
Net Income Deductions	$1.7B
BOTTOM LINE NET INCOME	-$7M
D&A	$1.0B
EBIT	-$7M
EBITDA	-$5M
EPS	$139
EPS Diluted	$136

Income Statement

Item	Amount
REVENUE	$11.3B
Cost of Revenue	$6.5B
GROSS PROFIT	$4.8B
R&D Expenses	$90M
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$7.8B
OPERATING INCOME	$2.5B
Interest Income	$0
Interest Expense	$145M
Other Income/Expenses	-$214.0K
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$641M
Net Income from Continuing Ops	-$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$1.7B
NET INCOME	$1.7B
Net Income Deductions	$1.7B
BOTTOM LINE NET INCOME	-$7M
D&A	$1.0B
EBIT	-$7M
EBITDA	-$5M
EPS	$139
EPS Diluted	$136

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$62M
Deferred Income Tax	$3M
Other Non-Cash Items	-$89M
Change in Working Capital	-$196M
OPERATING CASH FLOW	$2.5B
Capital Expenditure	-$1.8B
Acquisitions (Net)	-$294M
Purchases of Investments	-$937M
Sales/Maturities of Investments	$0
Other Investing Activities	$1.0B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	$3M
Common Stock Repurchased	-$12.0K
Common Dividends Paid	-$602M
Other Financing Activities	$219M
NET CASH FROM FINANCING	-$380M
FREE CASH FLOW	$658M
Net Change in Cash	$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$90M
Short-Term Investments	$523M
Net Receivables	$1.8B
Inventory	$456M
Other Current Assets	$266M
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$10.1B
Goodwill	$2.4B
Intangible Assets	$167M
Long-Term Investments	$53M
Tax Assets	$903M
Other Non-Current Assets	$123M
TOTAL NON-CURRENT ASSETS	$13.7B
TOTAL ASSETS	$16.4B
Account Payables	$896M
Short-Term Debt	$337M
Deferred Revenue	$145M
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$5.8B
Deferred Revenue NC	$738M
Deferred Tax Liabilities	$523M
Other Non-Current Liabilities	$490M
TOTAL NON-CURRENT LIABILITIES	$7.6B
TOTAL LIABILITIES	$10.9B
Common Stock	$4M
Additional Paid-In Capital	$277M
Retained Earnings	$8.5B
Treasury Stock	-$115.0K
Accum. Other Comp. Income	$199.0K
Other Equity	-$8.8B
TOTAL STOCKHOLDERS' EQUITY	$16M
Minority Interest	$220M
TOTAL EQUITY	$5.7B
TOTAL LIABILITIES & EQUITY	$35M
Total Debt	$6.2B
Net Debt	$6.1B