RHI FY 2012 Earnings Report — Robert Half International Inc. Revenue & Financial Results | Market Cap Arena

Robert Half International Inc.RHI

FY 2012 Earnings

Reported February 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$4.1B	—	$3.8B	—	8.8%
Op. Income	$343M	—	$249M	—	37.6%
Gross Margin	40.1%	—	39.4%	—	0.7pp
Net Margin	5.1%	—	4.0%	—	1.1pp
EPS (Diluted)	$1.50	—	$1.04	—	44.2%
Free Cash Flow	$239M	—	$200M	—	19.7%

Revenue Flow

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$3.8B
OPERATING INCOME	$343M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$344M
Income Tax Expense	$134M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$6.0K
BOTTOM LINE NET INCOME	$209M
D&A	$49M
EBIT	$343M
EBITDA	$411M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.1B
Cost of Revenue	$2.5B
GROSS PROFIT	$1.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$3.8B
OPERATING INCOME	$343M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	-$18M
INCOME BEFORE TAX	$344M
Income Tax Expense	$134M
Net Income from Continuing Ops	$210M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$210M
Net Income Deductions	$6.0K
BOTTOM LINE NET INCOME	$209M
D&A	$49M
EBIT	$343M
EBITDA	$411M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$210M
Depreciation & Amortization	$49M
Stock-Based Compensation	$41M
Deferred Income Tax	-$15M
Other Non-Cash Items	-$1M
Change in Working Capital	$5M
OPERATING CASH FLOW	$289M
Capital Expenditure	-$50M
Acquisitions (Net)	-$14M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$73M
Net Debt Issuance	-$107.0K
Common Stock Repurchased	-$177M
Common Dividends Paid	-$84M
Other Financing Activities	$8M
NET CASH FROM FINANCING	-$210M
FREE CASH FLOW	$239M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$288M
Short-Term Investments	$0
Net Receivables	$513M
Inventory	$0
Other Current Assets	$167M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$108M
Goodwill	$201M
Intangible Assets	$2M
Long-Term Investments	-$103M
Tax Assets	$103M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$317M
TOTAL ASSETS	$1.4B
Account Payables	$140M
Short-Term Debt	$117.0K
Deferred Revenue	$0
Other Current Liabilities	$44M
TOTAL CURRENT LIABILITIES	$502M
Long-Term Debt	$1M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$539M
Common Stock	$139.0K
Additional Paid-In Capital	$798M
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$44M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$842M
Minority Interest	$0
TOTAL EQUITY	$842M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$2M
Net Debt	-$286M