RHI FY 2018 Earnings Report — Robert Half International Inc. Revenue & Financial Results | Market Cap Arena

Robert Half International Inc.RHI

FY 2018 Earnings

Reported February 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$5.8B	—	$5.3B	—	10.1%
Op. Income	$587M	—	$516M	—	13.9%
Gross Margin	41.6%	—	41.1%	—	0.5pp
Net Margin	7.5%	—	5.5%	—	2.0pp
EPS (Diluted)	$3.57	—	$2.33	—	53.2%
Free Cash Flow	$530M	—	$412M	—	28.5%

Revenue Flow

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$5.2B
OPERATING INCOME	$587M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$592M
Income Tax Expense	$157M
Net Income from Continuing Ops	$434M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$434M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$434M
D&A	$66M
EBIT	$599M
EBITDA	$665M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$5.8B
Cost of Revenue	$3.4B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$1.8B
Cost & Expenses	$5.2B
OPERATING INCOME	$587M
Interest Income	$4M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$592M
Income Tax Expense	$157M
Net Income from Continuing Ops	$434M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$434M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$434M
D&A	$66M
EBIT	$599M
EBITDA	$665M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$434M
Depreciation & Amortization	$66M
Stock-Based Compensation	$45M
Deferred Income Tax	-$16M
Other Non-Cash Items	$12M
Change in Working Capital	$31M
OPERATING CASH FLOW	$572M
Capital Expenditure	-$42M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$46M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	-$183.0K
Common Stock Repurchased	-$354M
Common Dividends Paid	-$136M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$490M
FREE CASH FLOW	$530M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$277M
Short-Term Investments	$0
Net Receivables	$794M
Inventory	$312M
Other Current Assets	$350M
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$125M
Goodwill	$210M
Intangible Assets	$3M
Long-Term Investments	-$91M
Tax Assets	$91M
Other Non-Current Assets	$91M
TOTAL NON-CURRENT ASSETS	$429M
TOTAL ASSETS	$1.9B
Account Payables	$168M
Short-Term Debt	$200.0K
Deferred Revenue	$0
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$820M
Long-Term Debt	$457.0K
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$840M
Common Stock	$119.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$657.0K
Net Debt	-$276M