SAP FY 2016 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported February 28, 2017

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	$25.8B	—	$24.3B	—	6.1%
Op. Income	$6.0B	—	$5.0B	—	20.8%
Gross Margin	70.2%	—	70.0%	—	0.2pp
Net Margin	16.5%	—	14.7%	—	1.8pp
EPS (Diluted)	$3.54	—	$2.99	—	18.4%
Free Cash Flow	$4.2B	—	$3.5B	—	20.8%

Revenue Flow

Item	Amount
REVENUE	$25.8B
Cost of Revenue	$7.7B
GROSS PROFIT	$18.1B
R&D Expenses	$3.6B
Selling & Marketing	$7.3B
General & Administrative	$1.2B
SG&A Expenses	$8.5B
Other Expenses	$36M
Operating Expenses	$12.1B
Cost & Expenses	$19.8B
OPERATING INCOME	$6.0B
Interest Income	$77M
Interest Expense	$303M
Other Income/Expenses	-$307M
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$4.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.3B
D&A	$1.5B
EBIT	$6.0B
EBITDA	$7.5B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$25.8B
Cost of Revenue	$7.7B
GROSS PROFIT	$18.1B
R&D Expenses	$3.6B
Selling & Marketing	$7.3B
General & Administrative	$1.2B
SG&A Expenses	$8.5B
Other Expenses	$36M
Operating Expenses	$12.1B
Cost & Expenses	$19.8B
OPERATING INCOME	$6.0B
Interest Income	$77M
Interest Expense	$303M
Other Income/Expenses	-$307M
INCOME BEFORE TAX	$5.7B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$4.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.3B
D&A	$1.5B
EBIT	$6.0B
EBITDA	$7.5B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$4.2B
Depreciation & Amortization	$1.5B
Stock-Based Compensation	$918M
Deferred Income Tax	$1.4B
Other Non-Cash Items	$91M
Change in Working Capital	$26M
OPERATING CASH FLOW	$5.4B
Capital Expenditure	-$1.2B
Acquisitions (Net)	-$124M
Purchases of Investments	-$1.9B
Sales/Maturities of Investments	$1.0B
Other Investing Activities	$75M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	-$1.6B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.6B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$3.2B
FREE CASH FLOW	$4.2B
Net Change in Cash	$340M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.3B
Short-Term Investments	$1.3B
Net Receivables	$6.8B
Inventory	$0
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$13.6B
PP&E (Net)	$3.0B
Goodwill	$27.3B
Intangible Assets	$4.4B
Long-Term Investments	$1.6B
Tax Assets	$691M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$38.3B
TOTAL ASSETS	$51.9B
Account Payables	$1.2B
Short-Term Debt	$1.7B
Deferred Revenue	$2.8B
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$7.5B
Deferred Revenue NC	$167M
Deferred Tax Liabilities	$496M
Other Non-Current Liabilities	$1.4B
TOTAL NON-CURRENT LIABILITIES	$9.6B
TOTAL LIABILITIES	$21.0B
Common Stock	$1.4B
Additional Paid-In Capital	$700M
Retained Earnings	$26.1B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	$3.9B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$30.8B
Minority Interest	$25M
TOTAL EQUITY	$30.8B
TOTAL LIABILITIES & EQUITY	$51.9B
Total Debt	$9.7B
Net Debt	$5.4B