TDC FY 2023 Earnings Report — Teradata Corporation Revenue & Financial Results | Market Cap Arena

Teradata CorporationTDC

FY 2023 Earnings

Reported February 23, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	2.1%
Op. Income	$186M	—	$118M	—	57.6%
Gross Margin	60.8%	—	60.2%	—	0.6pp
Net Margin	3.4%	—	1.8%	—	1.5pp
EPS (Diluted)	$0.61	—	$0.31	—	96.8%
Free Cash Flow	$355M	—	$403M	—	-11.9%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$718M
GROSS PROFIT	$1.1B
R&D Expenses	$294M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$635M
Other Expenses	$0
Operating Expenses	$929M
Cost & Expenses	$1.6B
OPERATING INCOME	$186M
Interest Income	$25M
Interest Expense	$30M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$117M
Income Tax Expense	$55M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$116M
EBIT	$147M
EBITDA	$263M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$718M
GROSS PROFIT	$1.1B
R&D Expenses	$294M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$635M
Other Expenses	$0
Operating Expenses	$929M
Cost & Expenses	$1.6B
OPERATING INCOME	$186M
Interest Income	$25M
Interest Expense	$30M
Other Income/Expenses	-$69M
INCOME BEFORE TAX	$117M
Income Tax Expense	$55M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$116M
EBIT	$147M
EBITDA	$263M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$116M
Stock-Based Compensation	$126M
Deferred Income Tax	-$11M
Other Non-Cash Items	$13M
Change in Working Capital	$69M
OPERATING CASH FLOW	$375M
Capital Expenditure	-$20M
Acquisitions (Net)	-$29M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	-$82M
Common Stock Repurchased	-$308M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$383M
FREE CASH FLOW	$355M
Net Change in Cash	-$85M

Balance Sheet

Item	Amount
Cash & Equivalents	$486M
Short-Term Investments	$0
Net Receivables	$299M
Inventory	$13M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$869M
PP&E (Net)	$248M
Goodwill	$398M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$221M
Other Non-Current Assets	$137M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.9B
Account Payables	$100M
Short-Term Debt	$19M
Deferred Revenue	$570M
Other Current Liabilities	$53M
TOTAL CURRENT LIABILITIES	$996M
Long-Term Debt	$480M
Deferred Revenue NC	$22M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$163M
TOTAL NON-CURRENT LIABILITIES	$742M
TOTAL LIABILITIES	$1.7B
Common Stock	$1M
Additional Paid-In Capital	$2.1B
Retained Earnings	-$1.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$129M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$135M
Minority Interest	$0
TOTAL EQUITY	$135M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$640M
Net Debt	$154M