SAP Q2 2017 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

Q2 2017 Earnings

Reported July 26, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$6.8B	—	$6.1B	—	10.4%
Op. Income	$1.1B	—	$1.5B	—	-27.0%
Gross Margin	69.0%	—	70.4%	—	-1.4pp
Net Margin	11.6%	—	15.6%	—	-4.0pp
EPS (Diluted)	$0.65	—	$0.80	—	-17.6%
Free Cash Flow	$378M	—	$235M	—	60.7%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$2.1B
GROSS PROFIT	$4.7B
R&D Expenses	$984M
Selling & Marketing	$2.0B
General & Administrative	$325M
SG&A Expenses	$2.3B
Other Expenses	$274M
Operating Expenses	$3.6B
Cost & Expenses	$5.7B
OPERATING INCOME	$1.1B
Interest Income	$42M
Interest Expense	$72M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$283M
Net Income from Continuing Ops	$779M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$781M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$781M
D&A	$376M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$2.1B
GROSS PROFIT	$4.7B
R&D Expenses	$984M
Selling & Marketing	$2.0B
General & Administrative	$325M
SG&A Expenses	$2.3B
Other Expenses	$274M
Operating Expenses	$3.6B
Cost & Expenses	$5.7B
OPERATING INCOME	$1.1B
Interest Income	$42M
Interest Expense	$72M
Other Income/Expenses	-$21M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$283M
Net Income from Continuing Ops	$779M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$781M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$781M
D&A	$376M
EBIT	$1.1B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$780M
Depreciation & Amortization	$376M
Stock-Based Compensation	$297M
Deferred Income Tax	$282M
Other Non-Cash Items	-$456M
Change in Working Capital	-$231M
OPERATING CASH FLOW	$751M
Capital Expenditure	-$373M
Acquisitions (Net)	$0
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$350M
NET CASH FROM INVESTING	$326M
Net Debt Issuance	-$1.2B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.8B
Other Financing Activities	-$1.8B
NET CASH FROM FINANCING	-$2.9B
FREE CASH FLOW	$378M
Net Change in Cash	-$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.0B
Short-Term Investments	$1.0B
Net Receivables	$6.8B
Inventory	$0
Other Current Assets	$1.9B
TOTAL CURRENT ASSETS	$13.6B
PP&E (Net)	$3.2B
Goodwill	$25.7B
Intangible Assets	$3.8B
Long-Term Investments	$1.8B
Tax Assets	$830M
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$36.6B
TOTAL ASSETS	$50.2B
Account Payables	$1.3B
Short-Term Debt	$634M
Deferred Revenue	$5.7B
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$12.1B
Long-Term Debt	$7.3B
Deferred Revenue NC	$91M
Deferred Tax Liabilities	$444M
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$9.4B
TOTAL LIABILITIES	$21.5B
Common Stock	$1.4B
Additional Paid-In Capital	$661M
Retained Earnings	$25.7B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	$2.1B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$28.7B
Minority Interest	$8M
TOTAL EQUITY	$28.7B
TOTAL LIABILITIES & EQUITY	$50.2B
Total Debt	$7.9B
Net Debt	$3.0B