SSNC FY 2019 Earnings Report — SS&C Technologies Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SS&C Technologies Holdings, Inc.SSNC

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$4.6B	—	$3.4B	—	35.4%
Op. Income	$914M	—	$429M	—	113.1%
Gross Margin	43.6%	—	40.0%	—	3.6pp
Net Margin	9.5%	—	3.0%	—	6.4pp
EPS (Diluted)	$1.66	—	$0.42	—	295.2%
Free Cash Flow	$1.2B	—	$551M	—	117.4%

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.0B
R&D Expenses	$384M
Selling & Marketing	$354M
General & Administrative	$369M
SG&A Expenses	$723M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.7B
OPERATING INCOME	$914M
Interest Income	$5M
Interest Expense	$410M
Other Income/Expenses	-$383M
INCOME BEFORE TAX	$532M
Income Tax Expense	$93M
Net Income from Continuing Ops	$439M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$439M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$439M
D&A	$775M
EBIT	$941M
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.0B
R&D Expenses	$384M
Selling & Marketing	$354M
General & Administrative	$369M
SG&A Expenses	$723M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.7B
OPERATING INCOME	$914M
Interest Income	$5M
Interest Expense	$410M
Other Income/Expenses	-$383M
INCOME BEFORE TAX	$532M
Income Tax Expense	$93M
Net Income from Continuing Ops	$439M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$439M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$439M
D&A	$775M
EBIT	$941M
EBITDA	$1.7B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$439M
Depreciation & Amortization	$775M
Stock-Based Compensation	$72M
Deferred Income Tax	-$87M
Other Non-Cash Items	$1M
Change in Working Capital	$128M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$130M
Acquisitions (Net)	-$94M
Purchases of Investments	-$300.0K
Sales/Maturities of Investments	$65M
Other Investing Activities	$19M
NET CASH FROM INVESTING	-$141M
Net Debt Issuance	-$1.1B
Common Stock Repurchased	-$60M
Common Dividends Paid	-$108M
Other Financing Activities	$653M
NET CASH FROM FINANCING	-$513M
FREE CASH FLOW	$1.2B
Net Change in Cash	$676M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$0
Net Receivables	$2.4B
Inventory	$0
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$842M
Goodwill	$8.0B
Intangible Assets	$4.5B
Long-Term Investments	$395M
Tax Assets	$0
Other Non-Current Assets	$263M
TOTAL NON-CURRENT ASSETS	$14.0B
TOTAL ASSETS	$16.7B
Account Payables	$37M
Short-Term Debt	$76M
Deferred Revenue	$333M
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$7.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.1B
Other Non-Current Liabilities	$334M
TOTAL NON-CURRENT LIABILITIES	$8.8B
TOTAL LIABILITIES	$11.6B
Common Stock	$3M
Additional Paid-In Capital	$4.3B
Retained Earnings	$1.2B
Treasury Stock	-$78M
Accum. Other Comp. Income	-$253M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.1B
Minority Interest	$0
TOTAL EQUITY	$5.1B
TOTAL LIABILITIES & EQUITY	$16.7B
Total Debt	$7.5B
Net Debt	$7.3B