RYAN Q2 2021 Earnings Report — Ryan Specialty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Ryan Specialty Holdings, Inc.RYAN

Q2 2021 Earnings

Reported September 2, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$390M	—	$246M	—	58.3%
Op. Income	$66M	—	$51M	—	27.7%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	16.3%	—	20.3%	—	-4.0pp
EPS (Diluted)	$0.60	—	$0.47	—	27.7%
Free Cash Flow	$181M	—	$98M	—	84.8%

Revenue Flow

Item	Amount
REVENUE	$390M
Cost of Revenue	$0
GROSS PROFIT	$390M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$267M
SG&A Expenses	$267M
Other Expenses	$57M
Operating Expenses	$324M
Cost & Expenses	$324M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$2M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$29M
EBIT	$85M
EBITDA	$113M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$390M
Cost of Revenue	$0
GROSS PROFIT	$390M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$267M
SG&A Expenses	$267M
Other Expenses	$57M
Operating Expenses	$324M
Cost & Expenses	$324M
OPERATING INCOME	$66M
Interest Income	$0
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$2M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$29M
EBIT	$85M
EBITDA	$113M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$29M
Stock-Based Compensation	$3M
Deferred Income Tax	$40.0K
Other Non-Cash Items	$17M
Change in Working Capital	$71M
OPERATING CASH FLOW	$183M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$4M
NET CASH FROM INVESTING	$2M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$24M
Other Financing Activities	$155M
NET CASH FROM FINANCING	$119M
FREE CASH FLOW	$181M
Net Change in Cash	$304M

Balance Sheet

Item	Amount
Cash & Equivalents	$308M
Short-Term Investments	$0
Net Receivables	$208M
Inventory	$0
Other Current Assets	$2.3B
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$103M
Goodwill	$1.2B
Intangible Assets	$553M
Long-Term Investments	$47M
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$4.8B
Account Payables	$50M
Short-Term Debt	$22M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$4.6B
Common Stock	$347M
Additional Paid-In Capital	$0
Retained Earnings	-$370M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$1
TOTAL STOCKHOLDERS' EQUITY	$235M
Minority Interest	$0
TOTAL EQUITY	$235M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$1.7B
Net Debt	$1.4B