SAIC FY 2016 Earnings Report — Science Applications International Corporation Revenue & Financial Results | Market Cap Arena

Science Applications International CorporationSAIC

FY 2016 Earnings

Reported March 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$4.3B	—	$3.9B	—	11.1%
Op. Income	$227M	—	$240M	—	-5.4%
Gross Margin	9.5%	—	8.6%	—	0.9pp
Net Margin	2.7%	—	3.6%	—	-0.9pp
EPS (Diluted)	$2.47	—	$2.91	—	-15.1%
Free Cash Flow	$206M	—	$255M	—	-19.2%

Revenue Flow

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.9B
GROSS PROFIT	$411M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$180M
Other Expenses	$0
Operating Expenses	$184M
Cost & Expenses	$4.1B
OPERATING INCOME	$227M
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$183M
Income Tax Expense	$66M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$62M
EBIT	$227M
EBITDA	$289M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.3B
Cost of Revenue	$3.9B
GROSS PROFIT	$411M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$180M
Other Expenses	$0
Operating Expenses	$184M
Cost & Expenses	$4.1B
OPERATING INCOME	$227M
Interest Income	$0
Interest Expense	$44M
Other Income/Expenses	-$44M
INCOME BEFORE TAX	$183M
Income Tax Expense	$66M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$62M
EBIT	$227M
EBITDA	$289M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$62M
Stock-Based Compensation	$33M
Deferred Income Tax	$3M
Other Non-Cash Items	-$9M
Change in Working Capital	$20M
OPERATING CASH FLOW	$226M
Capital Expenditure	-$20M
Acquisitions (Net)	-$764M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$34M
NET CASH FROM INVESTING	-$798M
Net Debt Issuance	$598M
Common Stock Repurchased	-$69M
Common Dividends Paid	-$55M
Other Financing Activities	-$12M
NET CASH FROM FINANCING	$466M
FREE CASH FLOW	$206M
Net Change in Cash	-$106M

Balance Sheet

Item	Amount
Cash & Equivalents	$195M
Short-Term Investments	$0
Net Receivables	$635M
Inventory	$122M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$952M
PP&E (Net)	$71M
Goodwill	$860M
Intangible Assets	$224M
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$2.1B
Account Payables	$351M
Short-Term Debt	$57M
Deferred Revenue	$8M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$688M
Long-Term Debt	$1.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.7B
Common Stock	$0
Additional Paid-In Capital	$215M
Retained Earnings	$174M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$380M
Minority Interest	$0
TOTAL EQUITY	$380M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.1B
Net Debt	$875M