SAIC Q2 2020 Earnings Report — Science Applications International Corporation Revenue & Financial Results | Market Cap Arena

Science Applications International CorporationSAIC

Q2 2020 Earnings

Reported September 5, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.1B	—	43.0%
Op. Income	$95M	—	$74M	—	28.4%
Gross Margin	11.6%	—	10.0%	—	1.6pp
Net Margin	3.6%	—	4.4%	—	-0.8pp
EPS (Diluted)	$0.96	—	$1.13	—	-15.0%
Free Cash Flow	$90M	—	-$24M	—	475.0%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$82M
Other Expenses	$8M
Operating Expenses	$90M
Cost & Expenses	$1.5B
OPERATING INCOME	$95M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$74M
Income Tax Expense	$17M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$33M
EBIT	$96M
EBITDA	$129M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$82M
Other Expenses	$8M
Operating Expenses	$90M
Cost & Expenses	$1.5B
OPERATING INCOME	$95M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$74M
Income Tax Expense	$17M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$33M
EBIT	$96M
EBITDA	$129M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$34M
Stock-Based Compensation	$12M
Deferred Income Tax	$7M
Other Non-Cash Items	$5M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$95M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$1M
Sales/Maturities of Investments	$2M
Other Investing Activities	-$3M
NET CASH FROM INVESTING	-$7M
Net Debt Issuance	$98M
Common Stock Repurchased	-$139M
Common Dividends Paid	-$21M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$90M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$130M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$97M
Goodwill	$2.1B
Intangible Assets	$754M
Long-Term Investments	$25M
Tax Assets	$0
Other Non-Current Assets	$314M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$4.6B
Account Payables	$738M
Short-Term Debt	$151M
Deferred Revenue	$34M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$1.9B
Deferred Revenue NC	$9M
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$243M
TOTAL NON-CURRENT LIABILITIES	$2.1B
TOTAL LIABILITIES	$3.3B
Common Stock	$0
Additional Paid-In Capital	$963M
Retained Earnings	$435M
Treasury Stock	$0
Accum. Other Comp. Income	-$59M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$10M
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$2.0B
Net Debt	$1.9B