RHI FY 2011 Earnings Report — Robert Half International Inc. Revenue & Financial Results | Market Cap Arena

Robert Half International Inc.RHI

FY 2011 Earnings

Reported February 17, 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	$3.8B	—	$3.2B	—	19.0%
Op. Income	$249M	—	$115M	—	117.5%
Gross Margin	39.4%	—	37.6%	—	1.8pp
Net Margin	4.0%	—	2.1%	—	1.9pp
EPS (Diluted)	$1.04	—	$0.44	—	136.4%
Free Cash Flow	$200M	—	$140M	—	42.5%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$3.5B
OPERATING INCOME	$249M
Interest Income	$951.0K
Interest Expense	$0
Other Income/Expenses	$951.0K
INCOME BEFORE TAX	$250M
Income Tax Expense	$100M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$9.0K
BOTTOM LINE NET INCOME	$148M
D&A	$153.0K
EBIT	$249M
EBITDA	$249M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$2.3B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	$0
Operating Expenses	$1.2B
Cost & Expenses	$3.5B
OPERATING INCOME	$249M
Interest Income	$951.0K
Interest Expense	$0
Other Income/Expenses	$951.0K
INCOME BEFORE TAX	$250M
Income Tax Expense	$100M
Net Income from Continuing Ops	$150M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$150M
Net Income Deductions	$9.0K
BOTTOM LINE NET INCOME	$148M
D&A	$153.0K
EBIT	$249M
EBITDA	$249M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$150M
Depreciation & Amortization	$51M
Stock-Based Compensation	$51M
Deferred Income Tax	$17M
Other Non-Cash Items	$2M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$256M
Capital Expenditure	-$57M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	-$91.0K
Common Stock Repurchased	-$168M
Common Dividends Paid	-$80M
Other Financing Activities	$23M
NET CASH FROM FINANCING	-$226M
FREE CASH FLOW	$200M
Net Change in Cash	-$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$279M
Short-Term Investments	$0
Net Receivables	$493M
Inventory	-$145M
Other Current Assets	$146M
TOTAL CURRENT ASSETS	$773M
PP&E (Net)	$108M
Goodwill	$189M
Intangible Assets	$50.0K
Long-Term Investments	$145M
Tax Assets	$89M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$539M
TOTAL ASSETS	$1.3B
Account Payables	$118M
Short-Term Debt	$111.0K
Deferred Revenue	$0
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$473M
Long-Term Debt	$2M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$511M
Common Stock	$142.0K
Additional Paid-In Capital	$759M
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$41M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$801M
Minority Interest	$0
TOTAL EQUITY	$801M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$2M
Net Debt	-$278M