SAP Q4 2016 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

Q4 2016 Earnings

Reported February 28, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$7.9B	$6.3B	—	25.1%	—
Op. Income	$2.3B	$1.3B	—	76.9%	—
Gross Margin	72.8%	69.3%	—	3.5pp	—
Net Margin	22.7%	13.6%	—	9.1pp	—
EPS (Diluted)	$1.47	$0.71	—	106.6%	—
Free Cash Flow	$778M	$523M	—	48.8%	—

Revenue Flow

Item	Amount
REVENUE	$7.9B
Cost of Revenue	$2.1B
GROSS PROFIT	$5.7B
R&D Expenses	$1.0B
Selling & Marketing	$2.1B
General & Administrative	$325M
SG&A Expenses	$2.4B
Other Expenses	$5M
Operating Expenses	$3.4B
Cost & Expenses	$5.6B
OPERATING INCOME	$2.3B
Interest Income	$149M
Interest Expense	$70M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$511M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$393M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$7.9B
Cost of Revenue	$2.1B
GROSS PROFIT	$5.7B
R&D Expenses	$1.0B
Selling & Marketing	$2.1B
General & Administrative	$325M
SG&A Expenses	$2.4B
Other Expenses	$5M
Operating Expenses	$3.4B
Cost & Expenses	$5.6B
OPERATING INCOME	$2.3B
Interest Income	$149M
Interest Expense	$70M
Other Income/Expenses	$14M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$511M
Net Income from Continuing Ops	$1.8B
Net Income from Discontinued Ops	$0
Other Adjustments	-$1M
NET INCOME	$1.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$393M
EBIT	$2.4B
EBITDA	$2.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.8B
Depreciation & Amortization	$393M
Stock-Based Compensation	$281M
Deferred Income Tax	$511M
Other Non-Cash Items	-$572M
Change in Working Capital	-$947M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$392M
Acquisitions (Net)	-$61M
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$393M
Other Investing Activities	-$374M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$476M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$51M
NET CASH FROM FINANCING	-$421M
FREE CASH FLOW	$778M
Net Change in Cash	-$479M

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	$1.6B
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