RHI FY 2008 Earnings Report — Robert Half International Inc. Revenue & Financial Results | Market Cap Arena

Robert Half International Inc.RHI

FY 2008 Earnings

Reported February 19, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$4.6B	—	$4.6B	—	-1.0%
Op. Income	$414M	—	$477M	—	-13.2%
Gross Margin	41.6%	—	42.6%	—	-1.0pp
Net Margin	5.4%	—	6.4%	—	-0.9pp
EPS (Diluted)	$1.59	—	$1.81	—	-12.2%
Free Cash Flow	$373M	—	$308M	—	21.3%

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$4.2B
OPERATING INCOME	$414M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$419M
Income Tax Expense	$169M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$250M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$3M
EBIT	$425M
EBITDA	$498M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.5B
Other Expenses	$0
Operating Expenses	$1.5B
Cost & Expenses	$4.2B
OPERATING INCOME	$414M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$5M
INCOME BEFORE TAX	$419M
Income Tax Expense	$169M
Net Income from Continuing Ops	$250M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$250M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$250M
D&A	$3M
EBIT	$425M
EBITDA	$498M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$250M
Depreciation & Amortization	$73M
Stock-Based Compensation	$69M
Deferred Income Tax	-$6M
Other Non-Cash Items	$14M
Change in Working Capital	$47M
OPERATING CASH FLOW	$447M
Capital Expenditure	-$74M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$95M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$245M
Common Dividends Paid	-$69M
Other Financing Activities	$31M
NET CASH FROM FINANCING	-$285M
FREE CASH FLOW	$373M
Net Change in Cash	$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$345M
Short-Term Investments	$0
Net Receivables	$485M
Inventory	-$131M
Other Current Assets	$193M
TOTAL CURRENT ASSETS	$830M
PP&E (Net)	$146M
Goodwill	$188M
Intangible Assets	$2M
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	$193M
TOTAL NON-CURRENT ASSETS	$572M
TOTAL ASSETS	$1.4B
Account Payables	$112M
Short-Term Debt	$105.0K
Deferred Revenue	$0
Other Current Liabilities	$31M
TOTAL CURRENT LIABILITIES	$403M
Long-Term Debt	$2M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$428M
Common Stock	$151.0K
Additional Paid-In Capital	$949M
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$984M
Minority Interest	$0
TOTAL EQUITY	$984M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$2M
Net Debt	-$353M