SAIC FY 2015 Earnings Report — Science Applications International Corporation Revenue & Financial Results | Market Cap Arena

Science Applications International CorporationSAIC

FY 2015 Earnings

Reported March 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.9B	—	$4.1B	—	-5.7%
Op. Income	$240M	—	$183M	—	31.1%
Gross Margin	8.6%	—	8.1%	—	0.5pp
Net Margin	3.6%	—	2.7%	—	0.9pp
EPS (Diluted)	$2.91	—	$2.27	—	28.2%
Free Cash Flow	$255M	—	$167M	—	52.7%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.5B
GROSS PROFIT	$335M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$0
Operating Expenses	$95M
Cost & Expenses	$3.6B
OPERATING INCOME	$240M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$223M
Income Tax Expense	$82M
Net Income from Continuing Ops	$141M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$21M
EBIT	$240M
EBITDA	$261M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$3.5B
GROSS PROFIT	$335M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$90M
Other Expenses	$0
Operating Expenses	$95M
Cost & Expenses	$3.6B
OPERATING INCOME	$240M
Interest Income	$0
Interest Expense	$17M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$223M
Income Tax Expense	$82M
Net Income from Continuing Ops	$141M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$141M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$141M
D&A	$21M
EBIT	$240M
EBITDA	$261M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$141M
Depreciation & Amortization	$21M
Stock-Based Compensation	$35M
Deferred Income Tax	$4M
Other Non-Cash Items	-$3M
Change in Working Capital	$79M
OPERATING CASH FLOW	$277M
Capital Expenditure	-$22M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$22M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$149M
Common Dividends Paid	-$52M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$208M
FREE CASH FLOW	$255M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$301M
Short-Term Investments	$0
Net Receivables	$544M
Inventory	$67M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$943M
PP&E (Net)	$59M
Goodwill	$379M
Intangible Assets	$2M
Long-Term Investments	$0
Tax Assets	$19M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$455M
TOTAL ASSETS	$1.4B
Account Payables	$315M
Short-Term Debt	$32M
Deferred Revenue	$0
Other Current Liabilities	$230M
TOTAL CURRENT LIABILITIES	$577M
Long-Term Debt	$457M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$19M
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$492M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$234M
Retained Earnings	$116M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$345M
Minority Interest	$0
TOTAL EQUITY	$345M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$489M
Net Debt	$188M