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 items.
Fiscal Year | Quarter Ended | |||
December 31, | ||||
Operating Income | 2022 | 2021 | ||
Operating income, as reported | $ | 115,586 | $ | 115,586 |
Amortization of intangible assets | 544 | 544 | ||
Restructuring and impairment charges | - | - | ||
Gains on product line asset sales and business divestiture | - | - | ||
Stock-based compensation expense | 29,878 | 29,878 | ||
Non-GAAP operating income (segment operating income) | $ | 146,008 | $ | 146,008 |
Revenues | $ | 322,361 | $ | 322,361 |
Non-GAAP operating margin | 45% | 45% | ||
Net Income | $ | 84,959 | 84,959 | |
Net income, as reported | ||||
Amortization of intangible assets | 544 | 544 | ||
Restructuring and impairment charges | - | - | ||
Gains on product line asset sales and business divestiture | - | - | ||
Stock-based compensation expense | 29,878 | 29,878 | ||
Income tax adjustments | (7,493) | (7,493) | ||
Excess tax benefit | (5,957) | (5,957) | ||
Non-GAAP net income | $ | 101,931 | $ | 101,931 |
Revenues | $ | 322,361 | $ | 322,361 |
Non-GAAP net margin | 32% | 32% | ||
Diluted Earnings per Share | $ | 3.09 | $ | 3.09 |
Diluted earnings per share, as reported | ||||
Amortization of intangible assets | 0.02 | 0.02 | ||
Restructuring and impairment charges | - | - | ||
Gains on product line asset sales and business divestiture | - | - | ||
Stock-based compensation expense | 1.09 | 1.09 | ||
Income tax adjustments | (0.27) | (0.27) | ||
Excess tax benefit | (0.22) | (0.22) | ||
Non-GAAP diluted earnings per share | $ | 3.70 | $ | 3.70 |
Reconciliation to Adjusted EBITDA | $ | 84,959 | $ | 84,959 |
Net income, as reported | ||||
Interest expense, net | 12,195 | 12,195 | ||
Provision for income taxes | 19,861 | 19,861 | ||
Other expense (income), net | (1,429) | (1,429) | ||
Amortization of intangible assets | 544 | 544 | ||
Depreciation | 4,098 | 4,098 | ||
Stock-based compensation expense | 29,878 | 29,878 | ||
Restructuring and impairment charges | - | - | ||
Gains on product line asset sales and business divestiture | - | - | ||
Adjusted EBITDA | $ | 150,106 | $ | 150,106 |
Revenues | $ | 322,361 | $ | 322,361 |
Adjusted EBITDA as a percent of revenues | 47% | 47% | ||
Reconciliation To Free Cash Flow | $ | 124,881 | $ | 124,881 |
Net cash provided by operating activities | ||||
Reduced by cash flow items: | ||||
Capital expenditures | 895 | 895 | ||
Free cash flow | $ | 123,986 | $ | 123,986 |
Revenues | $ | 322,361 | $ | 322,361 |
Free cash flow as a percent of revenues | 38% | 38% |
Fiscal Year | Quarter Ended | Quarter Ended | Quarter Ended | Quarter Ended | |||||
September 30, | June 30, | March 31, | December 31, | ||||||
2021 | 2021 | 2021 | 2021 | 2020 | |||||
$ | 505,489 | $ | 115,185 | $ | 194,384 | $ | 101,199 | $ | 94,721 |
3,255 | 563 | 810 | 945 | 937 | |||||
7,957 | 7,957 | - | - | - | |||||
(100,139) | - | (92,805) | - | (7,334) | |||||
112,457 | 28,358 | 30,761 | 28,206 | 25,132 | |||||
$ | 529,019 | $ | 152,063 | $ | 133,150 | $ | 130,350 | $ | 113,456 |
$ | 1,316,536 | $ | 334,578 | $ | 338,183 | $ | 331,361 | $ | 312,414 |
40% | 45% | 39% | 39% | 36% | |||||
$ | 392,084 | 85,720 | 151,198 | 68,674 | 86,492 | ||||
3,255 | 563 | 810 | 945 | 937 | |||||
7,957 | 7,957 | - | - | - | |||||
(100,139) | - | (92,805) | - | (7,334) | |||||
112,457 | 28,358 | 30,761 | 28,206 | 25,132 | |||||
(9,090) | (8,724) | 11,391 | (7,271) | (4,486) | |||||
(23,998) | (1,925) | (2,561) | (329) | (19,183) | |||||
$ | 382,526 | $ | 111,949 | $ | 98,794 | $ | 90,225 | $ | 81,558 |
$ | 1,316,536 | $ | 334,578 | $ | 338,183 | $ | 331,361 | $ | 312,414 |
29% | 33% | 29% | 27% | 26% | |||||
$ | 13.40 | $ | 3.00 | $ | 5.18 | $ | 2.33 | $ | 2.90 |
0.11 | 0.02 | 0.03 | 0.03 | 0.03 | |||||
0.27 | 0.28 | - | - | - | |||||
(3.42) | - | (3.18) | - | (0.25) | |||||
3.84 | 0.99 | 1.05 | 0.96 | 0.84 | |||||
(0.31) | (0.31) | 0.39 | (0.25) | (0.15) | |||||
(0.82) | (0.07) | (0.09) | (0.01) | (0.64) | |||||
$ | 13.07 | $ | 3.92 | $ | 3.38 | $ | 3.06 | $ | 2.74 |
$ | 392,084 | $ | 85,720 | $ | 151,198 | $ | 68,674 | $ | 86,492 |
40,092 | 10,490 | 10,018 | 9,943 | 9,641 | |||||
81,058 | 19,746 | 36,694 | 23,150 | 1,468 | |||||
(7,744) | (771) | (3,526) | (567) | (2,880) | |||||
3,255 | 563 | 810 | 945 | 937 | |||||
20,319 | 4,459 | 5,050 | 5,225 | 5,585 | |||||
112,457 | 28,358 | 30,761 | 28,206 | 25,132 | |||||
7,957 | 7,957 | - | - | - | |||||
(100,139) | - | (92,805) | - | (7,334) | |||||
$ | 549,339 | $ | 156,522 | $ | 138,200 | $ | 135,576 | $ | 119,041 |
$ | 1,316,536 | $ | 334,578 | $ | 338,183 | $ | 331,361 | $ | 312,414 |
42% | 47% | 41% | 41% | 38% | |||||
$ | 423,816 | $ | 91,754 | $ | 100,592 | $ | 153,523 | $ | 77,947 |
7,569 | 1,777 | 1,572 | 1,175 | 3,045 | |||||
$ | 416,247 | $ | 89,977 | $ | 99,020 | $ | 152,348 | $ | 74,902 |
$ | 1,316,536 | $ | 334,578 | $ | 338,183 | $ | 331,361 | $ | 312,414 |
32% | 27% | 29% | 46% | 24% |
Note: The numbers may not sum to total due to rounding.
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Fair Isaac Corporation published this content on 27 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 21:34:52 UTC.
