RHI FY 2017 Earnings Report — Robert Half International Inc. Revenue & Financial Results | Market Cap Arena

Robert Half International Inc.RHI

FY 2017 Earnings

Reported February 20, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$5.3B	—	$5.3B	—	0.3%
Op. Income	$516M	—	$553M	—	-6.8%
Gross Margin	41.1%	—	41.2%	—	-0.1pp
Net Margin	5.5%	—	6.5%	—	-1.0pp
EPS (Diluted)	$2.33	—	$2.67	—	-12.7%
Free Cash Flow	$412M	—	$359M	—	14.8%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$4.8B
OPERATING INCOME	$516M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$518M
Income Tax Expense	$227M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$291M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$291M
D&A	$65M
EBIT	$516M
EBITDA	$581M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.6B
Other Expenses	$0
Operating Expenses	$1.6B
Cost & Expenses	$4.8B
OPERATING INCOME	$516M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$518M
Income Tax Expense	$227M
Net Income from Continuing Ops	$291M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$291M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$291M
D&A	$65M
EBIT	$516M
EBITDA	$581M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$291M
Depreciation & Amortization	$65M
Stock-Based Compensation	$42M
Deferred Income Tax	$44M
Other Non-Cash Items	$8M
Change in Working Capital	$3M
OPERATING CASH FLOW	$453M
Capital Expenditure	-$41M
Acquisitions (Net)	-$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	-$167.0K
Common Stock Repurchased	-$232M
Common Dividends Paid	-$121M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$353M
FREE CASH FLOW	$412M
Net Change in Cash	$35M

Balance Sheet

Item	Amount
Cash & Equivalents	$295M
Short-Term Investments	$0
Net Receivables	$732M
Inventory	$292M
Other Current Assets	$405M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$145M
Goodwill	$211M
Intangible Assets	$5M
Long-Term Investments	-$75M
Tax Assets	$75M
Other Non-Current Assets	$75M
TOTAL NON-CURRENT ASSETS	$436M
TOTAL ASSETS	$1.9B
Account Payables	$127M
Short-Term Debt	$183.0K
Deferred Revenue	$0
Other Current Liabilities	$27M
TOTAL CURRENT LIABILITIES	$748M
Long-Term Debt	$657.0K
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$762M
Common Stock	$124.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$37M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$840.0K
Net Debt	-$294M