FAIR ISAAC CORPORATION 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 | |||
Operating Income | 2021 | December 31, 2020 | ||
Operating income, as reported | $ | 94,721 | $ | 94,721 |
Amortization of intangible assets | 937 | 937 | ||
Restructuring and impairment charges | - | - | ||
Loss (gain) on sale of product line assets | (7,334) | (7,334) | ||
Stock-based compensation expense | 25,132 | 25,132 | ||
Non-GAAP operating income (segment operating income) | $ | 113,456 | $ | 113,456 |
Revenues | $ | 312,414 | $ | 312,414 |
Non-GAAP operating margin | 36% | 36% | ||
Net Income | $ | 86,492 | 86,492 | |
Net income, as reported | ||||
Amortization of intangible assets | 937 | 937 | ||
Restructuring and impairment charges | - | - | ||
Loss (gain) on sale of product line assets | (7,334) | (7,334) | ||
Stock-based compensation expense | 25,132 | 25,132 | ||
Income tax adjustments | (4,486) | (4,486) | ||
Excess tax benefit | (19,183) | (19,183) | ||
Non-GAAP net income | $ | 81,558 | $ | 81,558 |
Revenues | $ | 312,414 | $ | 312,414 |
Non-GAAP net margin | 26% | 26% |
Fiscal Year | Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | |||||
2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | |||||
$ | 295,969 | $ | 85,490 | $ | 82,871 | $ | 75,726 | $ | 51,882 |
4,993 | 947 | 1,048 | 1,202 | 1,796 | |||||
45,029 | 41,925 | - | - | 3,104 | |||||
- | - | - | - | - | |||||
93,681 | 25,483 | 22,265 | 22,788 | 23,145 | |||||
$ | 439,672 | $ | 153,845 | $ | 106,184 | $ | 99,716 | $ | 79,927 |
$ | 1,294,562 | $ | 374,356 | $ | 313,731 | $ | 307,971 | $ | 298,504 |
34% | 41% | 34% | 32% | 27% | |||||
$ | 236,411 | 59,126 | 64,076 | 58,288 | 54,921 | ||||
4,993 | 947 | 1,048 | 1,202 | 1,796 | |||||
45,029 | 41,925 | - | - | 3,104 | |||||
- | - | - | - | - | |||||
93,681 | 25,483 | 22,265 | 22,788 | 23,145 | |||||
(37,871) | (19,325) | (5,739) | (6,045) | (6,762) | |||||
(50,037) | (11,192) | (4,902) | (11,925) | (22,018) | |||||
$ | 292,206 | $ | 96,964 | $ | 76,748 | $ | 64,308 | $ | 54,186 |
$ | 1,294,562 | $ | 374,356 | $ | 313,731 | $ | 307,971 | $ | 298,504 |
23% | 26% | 24% | 21% | 18% |
Diluted Earnings per Share | $ | 2.90 | $ | 2.90 | $ | 7.90 | $ | 1.98 | $ | 2.15 | $ | 1.94 | $ | 1.82 | |
Diluted earnings per share, as reported | |||||||||||||||
Amortization of intangible assets | 0.03 | 0.03 | 0.17 | 0.03 | 0.04 | 0.04 | 0.06 | ||||||||
Restructuring and impairment charges | - | - | 1.50 | 1.41 | - | - | 0.10 | ||||||||
Loss (gain) on sale of product line assets | (0.25) | (0.25) | - | - | - | - | - | ||||||||
Stock-based compensation expense | 0.84 | 0.84 | 3.13 | 0.85 | 0.75 | 0.76 | 0.77 | ||||||||
Income tax adjustments | (0.15) | (0.15) | (1.27) | (0.65) | (0.19) | (0.20) | (0.22) | ||||||||
Excess tax benefit | (0.64) | (0.64) | (1.67) | (0.38) | (0.16) | (0.40) | (0.73) | ||||||||
Non-GAAP diluted earnings per share | $ | 2.74 | $ | 2.74 | $ | 9.76 | $ | 3.25 | $ | 2.58 | $ | 2.14 | $ | 1.80 |
Reconciliation to Adjusted EBITDA | $ | 86,492 | $ | 86,492 |
Net income, as reported | ||||
Interest expense, net | 9,641 | 9,641 | ||
Provision for income taxes | 1,468 | 1,468 | ||
Other expense (income), ne | (2,880) | (2,880) | ||
Amortization of intangible assets | 937 | 937 | ||
Depreciation | 5,585 | 5,585 | ||
Stock-based compensation expense | 25,132 | 25,132 | ||
Restructuring and impairment charges | - | - | ||
Loss (gain) on sale of product line assets | (7,334) | (7,334) | ||
Adjusted EBITDA | $ | 119,041 | $ | 119,041 |
Revenues | $ | 312,414 | $ | 312,414 |
Adjusted EBITDA as a percent of revenue | 38% | 38% | ||
Reconciliation To Free Cash Flow | $ | 77,947 | $ | 77,947 |
Net cash provided by operating activities | ||||
Reduced by cash flow items: | ||||
Capital expenditures | 3,045 | 3,045 | ||
Free cash flow | $ | 74,902 | $ | 74,902 |
Revenues | $ | 312,414 | $ | 312,414 |
Free cash flow as a percent of revenue | 24% | 24% |
$ | 236,411 | $ | 59,126 | $ | 64,076 | $ | 58,288 | $ | 54,921 |
42,177 | 9,932 | 11,223 | 11,254 | 9,768 | |||||
20,589 | 17,307 | 12,132 | 4,176 | (13,026) | |||||
(3,208) | (875) | (4,560) | 2,008 | 219 | |||||
4,993 | 947 | 1,048 | 1,202 | 1,796 | |||||
23,452 | 5,366 | 6,450 | 5,960 | 5,676 | |||||
93,681 | 25,483 | 22,265 | 22,788 | 23,145 | |||||
45,029 | 41,925 | - | - | 3,104 | |||||
- | - | - | - | - | |||||
$ | 463,124 | $ | 159,211 | $ | 112,634 | $ | 105,676 | $ | 85,603 |
$ | 1,294,562 | $ | 374,356 | $ | 313,731 | $ | 307,971 | $ | 298,504 |
36% | 43% | 36% | 34% | 29% | |||||
$ | 364,915 | $ | 136,185 | $ | 106,871 | $ | 61,494 | $ | 60,365 |
21,990 | 916 | 7,907 | 6,667 | 6,500 | |||||
$ | 342,925 | $ | 135,269 | $ | 98,964 | $ | 54,827 | $ | 53,865 |
$ | 1,294,562 | $ | 374,356 | $ | 313,731 | $ | 307,971 | $ | 298,504 |
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 28 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2021 21:27:07 UTC.
