SSNC FY 2022 Earnings Report — SS&C Technologies Holdings, Inc. Revenue & Financial Results | Market Cap Arena

SS&C Technologies Holdings, Inc.SSNC

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$5.3B	—	$5.1B	—	4.6%
Op. Income	$1.1B	—	$1.2B	—	-8.0%
Gross Margin	47.6%	—	47.7%	—	-0.1pp
Net Margin	12.3%	—	15.8%	—	-3.5pp
EPS (Diluted)	$2.48	—	$2.99	—	-17.1%
Free Cash Flow	$926M	—	$1.3B	—	-28.4%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.5B
R&D Expenses	$447M
Selling & Marketing	$500M
General & Administrative	$425M
SG&A Expenses	$925M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.1B
Interest Income	$4M
Interest Expense	$312M
Other Income/Expenses	-$267M
INCOME BEFORE TAX	$876M
Income Tax Expense	$227M
Net Income from Continuing Ops	$649M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$650M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$650M
D&A	$672M
EBIT	$1.2B
EBITDA	$1.9B
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$2.8B
GROSS PROFIT	$2.5B
R&D Expenses	$447M
Selling & Marketing	$500M
General & Administrative	$425M
SG&A Expenses	$925M
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.1B
OPERATING INCOME	$1.1B
Interest Income	$4M
Interest Expense	$312M
Other Income/Expenses	-$267M
INCOME BEFORE TAX	$876M
Income Tax Expense	$227M
Net Income from Continuing Ops	$649M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$650M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$650M
D&A	$672M
EBIT	$1.2B
EBITDA	$1.9B
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$649M
Depreciation & Amortization	$672M
Stock-Based Compensation	$125M
Deferred Income Tax	-$77M
Other Non-Cash Items	-$19M
Change in Working Capital	-$215M
OPERATING CASH FLOW	$1.1B
Capital Expenditure	-$208M
Acquisitions (Net)	-$1.6B
Purchases of Investments	-$10M
Sales/Maturities of Investments	$10M
Other Investing Activities	$87M
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$1.1B
Common Stock Repurchased	-$476M
Common Dividends Paid	-$203M
Other Financing Activities	-$1.6B
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$926M
Net Change in Cash	-$1.8B

Balance Sheet

Item	Amount
Cash & Equivalents	$440M
Short-Term Investments	$0
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$197M
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$605M
Goodwill	$8.9B
Intangible Assets	$3.9B
Long-Term Investments	$461M
Tax Assets	$0
Other Non-Current Assets	$368M
TOTAL NON-CURRENT ASSETS	$14.2B
TOTAL ASSETS	$16.7B
Account Payables	$50M
Short-Term Debt	$56M
Deferred Revenue	$465M
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$7.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$873M
Other Non-Current Liabilities	$226M
TOTAL NON-CURRENT LIABILITIES	$8.4B
TOTAL LIABILITIES	$10.6B
Common Stock	$3M
Additional Paid-In Capital	$5.1B
Retained Earnings	$2.7B
Treasury Stock	-$1.3B
Accum. Other Comp. Income	-$550M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.0B
Minority Interest	$59M
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$16.7B
Total Debt	$7.3B
Net Debt	$6.9B