SAP FY 2015 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported March 29, 2016

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	$24.3B	—	$20.5B	—	18.4%
Op. Income	$5.0B	—	$5.1B	—	-1.8%
Gross Margin	70.0%	—	71.6%	—	-1.7pp
Net Margin	14.7%	—	18.7%	—	-3.9pp
EPS (Diluted)	$2.99	—	$3.20	—	-6.6%
Free Cash Flow	$3.5B	—	$3.3B	—	5.8%

Revenue Flow

Item	Amount
REVENUE	$24.3B
Cost of Revenue	$7.3B
GROSS PROFIT	$17.0B
R&D Expenses	$3.3B
Selling & Marketing	$6.8B
General & Administrative	$1.2B
SG&A Expenses	$8.0B
Other Expenses	$726M
Operating Expenses	$12.0B
Cost & Expenses	$19.3B
OPERATING INCOME	$5.0B
Interest Income	$287M
Interest Expense	$293M
Other Income/Expenses	-$305M
INCOME BEFORE TAX	$4.7B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$1.5B
EBIT	$5.0B
EBITDA	$6.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$24.3B
Cost of Revenue	$7.3B
GROSS PROFIT	$17.0B
R&D Expenses	$3.3B
Selling & Marketing	$6.8B
General & Administrative	$1.2B
SG&A Expenses	$8.0B
Other Expenses	$726M
Operating Expenses	$12.0B
Cost & Expenses	$19.3B
OPERATING INCOME	$5.0B
Interest Income	$287M
Interest Expense	$293M
Other Income/Expenses	-$305M
INCOME BEFORE TAX	$4.7B
Income Tax Expense	$1.1B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$1.5B
EBIT	$5.0B
EBITDA	$6.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.6B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$846M
Deferred Income Tax	$1.1B
Other Non-Cash Items	$6M
Change in Working Capital	-$160M
OPERATING CASH FLOW	$4.3B
Capital Expenditure	-$744M
Acquisitions (Net)	-$46M
Purchases of Investments	-$2.2B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	$77M
NET CASH FROM INVESTING	-$391M
Net Debt Issuance	-$2.5B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.5B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$3.9B
FREE CASH FLOW	$3.5B
Net Change in Cash	$97M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$32M
Net Receivables	$6.8B
Inventory	$422M
Other Current Assets	$293M
TOTAL CURRENT ASSETS	$11.4B
PP&E (Net)	$2.6B
Goodwill	$26.5B
Intangible Assets	$5.0B
Long-Term Investments	$1.1B
Tax Assets	$530M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$37.0B
TOTAL ASSETS	$48.4B
Account Payables	$1.0B
Short-Term Debt	$663M
Deferred Revenue	$2.5B
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$9.2B
Long-Term Debt	$10.1B
Deferred Revenue NC	$124M
Deferred Tax Liabilities	$524M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$12.0B
TOTAL LIABILITIES	$21.2B
Common Stock	$1.4B
Additional Paid-In Capital	$652M
Retained Earnings	$23.4B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	$3.0B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$27.2B
Minority Interest	$33M
TOTAL EQUITY	$27.2B
TOTAL LIABILITIES & EQUITY	$48.4B
Total Debt	$10.8B
Net Debt	$6.8B