SSNC FY 2020 Earnings Report — SS&C Technologies Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SS&C Technologies Holdings, Inc.SSNC

FY 2020 Earnings

Reported February 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$4.7B	—	$4.6B	—	0.8%
Op. Income	$986M	—	$914M	—	7.8%
Gross Margin	44.9%	—	43.6%	—	1.2pp
Net Margin	13.4%	—	9.5%	—	3.9pp
EPS (Diluted)	$2.35	—	$1.66	—	41.6%
Free Cash Flow	$1.1B	—	$1.2B	—	-10.0%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.1B
R&D Expenses	$399M
Selling & Marketing	$356M
General & Administrative	$352M
SG&A Expenses	$709M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.7B
OPERATING INCOME	$986M
Interest Income	$4M
Interest Expense	$250M
Other Income/Expenses	-$210M
INCOME BEFORE TAX	$776M
Income Tax Expense	$151M
Net Income from Continuing Ops	$625M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$625M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$625M
D&A	$725M
EBIT	$1.0B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$2.6B
GROSS PROFIT	$2.1B
R&D Expenses	$399M
Selling & Marketing	$356M
General & Administrative	$352M
SG&A Expenses	$709M
Other Expenses	$0
Operating Expenses	$1.1B
Cost & Expenses	$3.7B
OPERATING INCOME	$986M
Interest Income	$4M
Interest Expense	$250M
Other Income/Expenses	-$210M
INCOME BEFORE TAX	$776M
Income Tax Expense	$151M
Net Income from Continuing Ops	$625M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$625M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$625M
D&A	$725M
EBIT	$1.0B
EBITDA	$1.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$625M
Depreciation & Amortization	$725M
Stock-Based Compensation	$88M
Deferred Income Tax	-$155M
Other Non-Cash Items	$16M
Change in Working Capital	-$114M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$106M
Acquisitions (Net)	-$116M
Purchases of Investments	-$61M
Sales/Maturities of Investments	$60M
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$211M
Net Debt Issuance	-$738M
Common Stock Repurchased	-$228M
Common Dividends Paid	-$136M
Other Financing Activities	-$516M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$1.1B
Net Change in Cash	-$452M

Balance Sheet

Item	Amount
Cash & Equivalents	$209M
Short-Term Investments	$0
Net Receivables	$1.9B
Inventory	$0
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$764M
Goodwill	$8.1B
Intangible Assets	$4.0B
Long-Term Investments	$409M
Tax Assets	$0
Other Non-Current Assets	$339M
TOTAL NON-CURRENT ASSETS	$13.6B
TOTAL ASSETS	$15.9B
Account Payables	$28M
Short-Term Debt	$54M
Deferred Revenue	$333M
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$6.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$924M
Other Non-Current Liabilities	$288M
TOTAL NON-CURRENT LIABILITIES	$7.9B
TOTAL LIABILITIES	$10.2B
Common Stock	$3M
Additional Paid-In Capital	$4.5B
Retained Earnings	$1.7B
Treasury Stock	-$296M
Accum. Other Comp. Income	-$201M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.7B
Minority Interest	$0
TOTAL EQUITY	$5.7B
TOTAL LIABILITIES & EQUITY	$15.9B
Total Debt	$6.8B
Net Debt	$6.6B