FAIR ISAAC CORPORATION

Supplemental Non-GAAP Financial Measures

(In thousands except per share data)

(Unaudited)

The following is a reconciliation of the company's GAAP to Non-GAAP item

Fiscal Year

Quarter Ended

Quarter Ended

Quarter Ended

Fiscal Year

Quarter Ended

Quarter Ended

Quarter Ended

Quarter Ended

Operating Income

2021

June 30, 2021

March 31, 2021

December 31, 2020

2020

September 30, 2020

June 30, 2020

March 31, 2020

December 31, 2019

Operating income, as reported

$

390,304

$

194,384

$

101,199

$

94,721

$

295,969

$

85,490

$

82,871

$

75,726

$

51,882

Amortization of intangible assets

2,692

810

945

937

4,993

947

1,048

1,202

1,796

Restructuring and impairment charges

-

-

-

-

45,029

41,925

-

-

3,104

Gains on product line asset sales and business divestiture

(100,139)

(92,805)

-

(7,334)

-

-

-

-

-

Stock-based compensation expense

84,099

30,761

28,206

25,132

93,681

25,483

22,265

22,788

23,145

Non-GAAP operating income (segment operating income)

$

376,956

$

133,150

$

130,350

$

113,456

$

439,672

$

153,845

$

106,184

$

99,716

$

79,927

Revenues

$

981,958

$

338,183

$

331,361

$

312,414

$

1,294,562

$

374,356

$

313,731

$

307,971

$

298,504

Non-GAAP operating margin

38%

39%

39%

36%

34%

41%

34%

32%

27%

Net Income

$

306,364

151,198

68,674

86,492

$

236,411

59,126

64,076

58,288

54,921

Net income, as reported

Amortization of intangible assets

2,692

810

945

937

4,993

947

1,048

1,202

1,796

Restructuring and impairment charges

-

-

-

-

45,029

41,925

-

-

3,104

Gains on product line asset sales and business divestiture

(100,139)

(92,805)

-

(7,334)

-

-

-

-

-

Stock-based compensation expense

84,099

30,761

28,206

25,132

93,681

25,483

22,265

22,788

23,145

Income tax adjustments

(366)

11,391

(7,271)

(4,486)

(37,871)

(19,325)

(5,739)

(6,045)

(6,762)

Excess tax benefit

(22,073)

(2,561)

(329)

(19,183)

(50,037)

(11,192)

(4,902)

(11,925)

(22,018)

Non-GAAP net income

$

270,577

$

98,794

$

90,225

$

81,558

$

292,206

$

96,964

$

76,748

$

64,308

$

54,186

Revenues

$

981,958

$

338,183

$

331,361

$

312,414

$

1,294,562

$

374,356

$

313,731

$

307,971

$

298,504

Non-GAAP net margin

28%

29%

27%

26%

23%

26%

24%

21%

18%

Diluted Earnings per Share

$

10.38

$

5.18

$

2.33

$

2.90

$

7.90

$

1.98

$

2.15

$

1.94

$

1.82

Diluted earnings per share, as reported

Amortization of intangible assets

0.09

0.03

0.03

0.03

0.17

0.03

0.04

0.04

0.06

Restructuring and impairment charges

-

-

-

-

1.50

1.41

-

-

0.10

Gains on product line asset sales and business divestiture

(3.39)

(3.18)

-

(0.25)

-

-

-

-

-

Stock-based compensation expense

2.85

1.05

0.96

0.84

3.13

0.85

0.75

0.76

0.77

Income tax adjustments

(0.01)

0.39

(0.25)

(0.15)

(1.27)

(0.65)

(0.19)

(0.20)

(0.22)

Excess tax benefit

(0.75)

(0.09)

(0.01)

(0.64)

(1.67)

(0.38)

(0.16)

(0.40)

(0.73)

Non-GAAP diluted earnings per share

$

9.17

$

3.38

$

3.06

$

2.74

$

9.76

$

3.25

$

2.58

$

2.14

$

1.80

Reconciliation to Adjusted EBITDA

$

306,364

$

151,198

$

68,674

$

86,492

$

236,411

$

59,126

$

64,076

$

58,288

$

54,921

Net income, as reported

Interest expense, net

29,602

10,018

9,943

9,641

42,177

9,932

11,223

11,254

9,768

Provision for income taxes

61,312

36,694

23,150

1,468

20,589

17,307

12,132

4,176

(13,026)

Other expense (income), ne

(6,973)

(3,526)

(567)

(2,880)

(3,208)

(875)

(4,560)

2,008

219

Amortization of intangible assets

2,692

810

945

937

4,993

947

1,048

1,202

1,796

Depreciation

15,860

5,050

5,225

5,585

23,452

5,366

6,450

5,960

5,676

Stock-based compensation expense

84,099

30,761

28,206

25,132

93,681

25,483

22,265

22,788

23,145

Restructuring and impairment charges

-

-

-

-

45,029

41,925

-

-

3,104

Gains on product line asset sales and business divestiture

(100,139)

(92,805)

-

(7,334)

-

-

-

-

-

Adjusted EBITDA

$

392,817

$

138,200

$

135,576

$

119,041

$

463,124

$

159,211

$

112,634

$

105,676

$

85,603

Revenues

$

981,958

$

338,183

$

331,361

$

312,414

$

1,294,562

$

374,356

$

313,731

$

307,971

$

298,504

Adjusted EBITDA as a percent of revenue

40%

41%

41%

38%

36%

43%

36%

34%

29%

Reconciliation To Free Cash Flow

$

332,062

$

100,592

$

153,523

$

77,947

$

364,915

$

136,185

$

106,871

$

61,494

$

60,365

Net cash provided by operating activities

Reduced by cash flow items:

Capital expenditures

5,792

1,572

1,175

3,045

21,990

916

7,907

6,667

6,500

Free cash flow

$

326,270

$

99,020

$

152,348

$

74,902

$

342,925

$

135,269

$

98,964

$

54,827

$

53,865

Revenues

$

981,958

$

338,183

$

331,361

$

312,414

$

1,294,562

$

374,356

$

313,731

$

307,971

$

298,504

Free cash flow as a percent of revenue

33%

29%

46%

24%

26%

36%

32%

18%

18%

Note: The numbers may not sum to total due to rounding

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Fair Isaac Corporation published this content on 03 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2021 20:32:06 UTC.