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.