CSRA Financials

Revenue/Financials

Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017

Revenue

5.4 b4.3 b5 b

Revenue growth, %

33%(22%)17%

Cost of goods sold

3.3 b3.6 b3.8 b

Gross profit

2.2 b679.6 m1.2 b

Gross profit Margin, %

40%16%23%

Operating expense total

199.8 m305.2 m300 m

EBIT

457 m187 m622 m

EBIT margin, %

8%4%12%

Interest expense

21.9 m53.5 m124 m

Pre tax profit

428.7 m149.1 m495 m

Income tax expense

161 m46.2 m179 m

Net Income

267.7 m102.9 m316 m

Quarterly

USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

969.1 m1 b1.3 b1.3 b1.2 b1.2 b1.3 b

Cost of goods sold

755 m815.9 m991 m983 m866 m979 m1 b

Gross profit

214.1 m216.4 m263 m280 m356 m250 m250 m

Gross profit Margin, %

22%21%21%22%29%20%20%

Operating expense total

85.6 m98.2 m62 m64 m55 m54 m60 m

EBIT

93.6 m99.2 m136 m153 m240 m136 m134 m

EBIT margin, %

10%10%11%12%20%11%11%

Interest expense

5.5 m13.6 m30 m29 m36 m30 m29 m

Pre tax profit

88.1 m58.5 m106 m124 m204 m126 m123 m

Income tax expense

35.4 m7.1 m38 m44 m76 m46 m45 m

Net Income

52.7 m51.4 m68 m80 m128 m80 m78 m

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

5 m130 m126 m

Accounts Receivable

696.7 m751.2 m748 m

Prepaid Expenses

92.7 m123.3 m126 m

Current Assets

794.4 m1 b1 b

PP&E

436.7 m530.1 m610 m

Goodwill

802.6 m2.3 b2.3 b

Total Assets

2.2 b4.8 b4.9 b

Accounts Payable

130.6 m170.4 m187 m

Dividends Payable

17.9 m21 m

Short-term debt

21.4 m170.2 m116 m

Current Liabilities

702 m1.1 b992 m

Long-term debt

129.9 m2.8 b2.7 b

Total Debt

151.3 m2.9 b2.8 b

Additional Paid-in Capital

117.4 m134 m

Total Equity

1.1 b90.2 m359 m

EPS

1.80.51.8

Debt to Equity Ratio

0.1 x32.5 x7.8 x

Debt to Assets Ratio

0.1 x0.6 x0.6 x

Financial Leverage

2 x53.7 x13.6 x

Quarterly

USDQ2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

9.8 m204.5 m133 m68 m162 m194 m91 m

Accounts Receivable

472 m740.5 m743 m809 m742 m814 m829 m

Prepaid Expenses

77.4 m133 m110 m114 m109 m102 m122 m

Current Assets

559.1 m1.1 b986 m991 m1 b111 m1 b

PP&E

437.9 m501.2 m514 m524 m586 m623 m637 m

Goodwill

791.8 m2.3 b2.3 b2.3 b2.3 b2.3 b2.4 b

Total Assets

1.9 b4.9 b4.8 b4.8 b4.9 b5 b5 b

Accounts Payable

139.8 m144.1 m185 m171 m182 m157 m169 m

Dividends Payable

16.3 m18 m18 m18 m18 m18 m

Short-term debt

19.2 m107.9 m114 m126 m102 m129 m131 m

Current Liabilities

706.8 m954.5 m994 k1 b1 b1 b989 m

Long-term debt

132.2 m3 b2.7 b2.3 b2.7 b2.7 b2.5 b

Total Debt

151.4 m3.1 b2.8 b2.4 b2.8 b2.9 b2.7 b

Additional Paid-in Capital

160.9 m133 m128 m129 m127 m136 m

Total Equity

888 m228.2 m150 m204 m304 m411 m481 m

EPS

0.30.40.50.80.50.5

Debt to Equity Ratio

0.2 x13.5 x18.9 x11.7 x9.2 x7 x5.5 x

Debt to Assets Ratio

0.1 x0.6 x0.6 x0.5 x0.6 x0.6 x0.5 x

Financial Leverage

2.2 x21.6 x31.9 x23.4 x16.1 x12.1 x10.4 x

Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017

Net Income

265.8 m102.9 m316 m

Depreciation and Amortization

146.8 m191.4 m244 m

Accounts Receivable

(8 m)(185.9 m)(15 m)

Accounts Payable

(30.2 m)17.5 m29 m

Cash From Operating Activities

486.9 m553.5 m488 m

Purchases of PP&E

(70.2 m)(139.4 m)(129 m)

Cash From Investing Activities

(116.6 m)(1.6 b)(168 m)

Short-term Borrowings

(150 m)

Long-term Borrowings

(20 m)(399 m)

Dividends Paid

(16.3 m)(67 m)

Cash From Financing Activities

(369.3 m)1.2 b(324 m)

Net Change in Cash

1 m125 m(4 m)

Quarterly

USDQ1, 2016Q2, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

119.7 m171.1 m68 m148 m276 m80 m158 m

Depreciation and Amortization

67.7 m113 m67 m131 m191 m60 m116 m

Cash From Operating Activities

365.9 m374.8 m156 m211 m438 m87 m159 m

Purchases of PP&E

(37.8 m)(92.5 m)(34 m)(68 m)(98 m)(29 m)(49 m)

Cash From Investing Activities

(13.1 m)(1.6 b)(43 m)(91 m)(118 m)(6 m)(159 m)

Short-term Borrowings

(48 m)(50 m)(50 m)

Long-term Borrowings

(50 m)(98 m)(379 m)(191 m)(212 m)

Dividends Paid

(1.1 b)(18 m)(34 m)(51 m)(17 m)(33 m)

Cash From Financing Activities

(348.1 m)1.4 b(110 m)(182 m)(288 m)(13 m)(35 m)

Net Change in Cash

4.8 m199.5 m3 m(62 m)32 m68 m(35 m)

Operating Metrics

Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018

Backlog

$12.2 b$15.3 b$15.1 b$15.1 b$15.5 b$15.8 b$15.2 b$15.6 b$17.7 b

Backlog Funded

$2.9 b$3 b$3 b$2.7 b$2.4 b$2.5 b$2.7 b

Twelve-month Backlog

$2.4 b$1.2 b$3.81 b$3 b$2.3 b$1.2 b$3.5 b$2.8 b$2.2 b

Projects Launched

1 k1 k

Locations

130138