SAIC Q4 2018 Earnings Report — Science Applications International Corporation Revenue & Financial Results | Market Cap Arena

Science Applications International CorporationSAIC

Q4 2018 Earnings

Reported March 29, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2018	Q3 2018	Q4 2017	QoQ Change	YoY Change
Revenue	$1.1B	$1.1B	$1.0B	-1.5%	9.9%
Op. Income	$62M	$72M	$61M	-13.9%	1.6%
Gross Margin	9.5%	9.5%	10.4%	-0.0pp	-0.9pp
Net Margin	4.5%	3.8%	3.5%	0.8pp	1.0pp
EPS (Diluted)	$1.16	$0.98	$0.79	18.4%	46.8%
Free Cash Flow	$77M	$72M	$58M	6.9%	32.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$107M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$45M
Other Expenses	$0
Operating Expenses	$45M
Cost & Expenses	$1.1B
OPERATING INCOME	$62M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$51M
Income Tax Expense	$0
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$13M
EBIT	$63M
EBITDA	$76M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$107M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$45M
Other Expenses	$0
Operating Expenses	$45M
Cost & Expenses	$1.1B
OPERATING INCOME	$62M
Interest Income	$0
Interest Expense	$12M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$51M
Income Tax Expense	$0
Net Income from Continuing Ops	$51M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$51M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$51M
D&A	$13M
EBIT	$63M
EBITDA	$76M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$51M
Depreciation & Amortization	$13M
Stock-Based Compensation	$6M
Deferred Income Tax	$13M
Other Non-Cash Items	$21M
Change in Working Capital	$1M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$22M
NET CASH FROM INVESTING	-$7M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$38M
Common Dividends Paid	-$14M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$58M
FREE CASH FLOW	$77M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$144M
Short-Term Investments	$0
Net Receivables	$674M
Inventory	$132M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$950M
PP&E (Net)	$61M
Goodwill	$863M
Intangible Assets	$179M
Long-Term Investments	$5M
Tax Assets	$23M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.1B
Account Payables	$397M
Short-Term Debt	$41M
Deferred Revenue	$23M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$695M
Long-Term Debt	$983M
Deferred Revenue NC	-$23M
Deferred Tax Liabilities	$23M
Other Non-Current Liabilities	$68M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.7B
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$323M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$327M
Minority Interest	$0
TOTAL EQUITY	$327M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.0B
Net Debt	$880M