RHI FY 2020 Earnings Report — Robert Half International Inc. Revenue & Financial Results | Market Cap Arena

Robert Half International Inc.RHI

FY 2020 Earnings

Reported February 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.1B	—	$6.1B	—	-15.9%
Op. Income	$347M	—	$567M	—	-38.9%
Gross Margin	39.4%	—	41.6%	—	-2.2pp
Net Margin	6.0%	—	7.5%	—	-1.5pp
EPS (Diluted)	$2.70	—	$3.90	—	-30.8%
Free Cash Flow	$563M	—	$460M	—	22.4%

Revenue Flow

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$347M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$75M
INCOME BEFORE TAX	$422M
Income Tax Expense	$116M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$64M
EBIT	$345M
EBITDA	$409M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$5.1B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$4.8B
OPERATING INCOME	$347M
Interest Income	$1M
Interest Expense	$0
Other Income/Expenses	$75M
INCOME BEFORE TAX	$422M
Income Tax Expense	$116M
Net Income from Continuing Ops	$306M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$306M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$306M
D&A	$64M
EBIT	$345M
EBITDA	$409M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$306M
Depreciation & Amortization	$82M
Stock-Based Compensation	$52M
Deferred Income Tax	-$13M
Other Non-Cash Items	-$96M
Change in Working Capital	$265M
OPERATING CASH FLOW	$597M
Capital Expenditure	-$33M
Acquisitions (Net)	-$16M
Purchases of Investments	-$64M
Sales/Maturities of Investments	$123M
Other Investing Activities	$0
NET CASH FROM INVESTING	$9M
Net Debt Issuance	-$218.0K
Common Stock Repurchased	-$159M
Common Dividends Paid	-$156M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$315M
FREE CASH FLOW	$563M
Net Change in Cash	$304M

Balance Sheet

Item	Amount
Cash & Equivalents	$574M
Short-Term Investments	$0
Net Receivables	$714M
Inventory	$0
Other Current Assets	$498M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$373M
Goodwill	$223M
Intangible Assets	$6M
Long-Term Investments	$0
Tax Assets	$114M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$715M
TOTAL ASSETS	$2.6B
Account Payables	$113M
Short-Term Debt	$79M
Deferred Revenue	$18M
Other Current Liabilities	$68M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$224M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$142M
TOTAL NON-CURRENT LIABILITIES	$306M
TOTAL LIABILITIES	$1.4B
Common Stock	$113.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$30M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$527M
Net Debt	-$48M