$5 B

NUAN Mkt cap, 09-Nov-2018

$1.5 B

Nuance Revenue Q3, 2018
Nuance Gross profit (Q3, 2018)855.1 M
Nuance Gross profit margin (Q3, 2018), %56.3%
Nuance Net income (Q3, 2018)-124.9 M
Nuance EBIT (Q3, 2018)-91.9 M
Nuance Cash, 30-Jun-2018331.3 M
Nuance EV7 B

Nuance Revenue Breakdown

Embed Graph

Nuance revenue breakdown by business segment: 23.4% from Enterprise , 11.0% from Imaging, 20.1% from Mobile and 45.5% from Healthcare

Nuance revenue breakdown by geographic segment: 21.7% from International and 78.3% from United States

Nuance Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

1.9b1.9b1.9b1.9b1.9b

Revenue growth, %

4%0%1%0%

Cost of goods sold

766.6m844.3m829.9m829.5m853.8m

Gross profit

1.1b1.1b1.1b1.1b1.1b

Gross profit Margin, %

59%56%57%57%56%

Sales and marketing expense

390.9m398.1m

R&D expense

271.1m266.1m

General and administrative expense

168.5m166.7m

Operating expense total

830.5m919.7m

Depreciation and amortization

113.9m

EBIT

48.5m(21.4m)54.9m138.5m52.0m

EBIT margin, %

3%(1%)3%7%3%

Interest expense

137.8m132.7m118.6m132.7m156.9m

Interest income

1.6m2.3m2.6m4.4m6.9m

Pre tax profit

(96.7m)(155.0m)(80.5m)1.7m(119.0m)

Income tax expense

18.6m(4.7m)34.5m14.2m32.0m

Net Income

(115.2m)(150.3m)(115.0m)(12.5m)(151.0m)

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

470.0m475.7m475.5m474.0m475.1m477.9m486.1m478.7m477.9m487.7m499.6m486.2m501.6m1.0b1.5b

Cost of goods sold

207.8m210.4m216.1m210.4m203.3m204.7m205.9m205.5m207.9m212.4m213.4m216.2m221.2m450.2m663.6m

Gross profit

262.2m265.3m259.4m263.6m271.8m273.2m280.2m273.2m270.0m275.2m286.2m270.0m280.5m565.7m855.1m

Gross profit Margin, %

56%56%55%56%57%57%58%57%56%56%57%56%56%56%56%

Sales and marketing expense

118.9m98.3m99.8m111.3m93.3m99.3m100.6m92.8m96.0m101.5m93.7m97.0m102.0m196.1m292.4m

R&D expense

80.5m84.6m87.1m82.6m74.8m79.1m71.1m67.2m67.8m66.3m66.2m66.6m73.4m147.6m223.3m

General and administrative expense

44.5m43.7m43.7m50.6m45.7m41.0m39.7m45.9m40.3m39.8m41.5m42.3m52.9m127.2m177.8m

Operating expense total

278.0m264.6m275.7m278.2m245.3m258.9m248.7m240.3m241.3m251.2m254.6m255.7m271.6m686.2m947.1m

Depreciation and amortization

15.4m30.1m43.9m

EBIT

(15.8m)654.0k(16.3m)(14.6m)26.5m14.3m31.5m32.9m28.7m24.0m31.5m14.3m8.8m(120.5m)(91.9m)

EBIT margin, %

(3%)0%(3%)(3%)6%3%6%7%6%5%6%3%2%(12%)(6%)

Interest expense

34.0m34.0m31.9m29.9m30.0m29.5m29.9m32.3m33.2m38.0m37.9m40.4m36.1m69.9m103.8m

Interest income

419.0k774.0k535.0k562.0k627.0k670.0k883.0k1.6m1.0m1.0m1.3m2.0m2.2m4.4m6.9m

Pre tax profit

(52.4m)(32.8m)(47.3m)(44.7m)(3.0m)(32.9m)(4.3m)2.2m(4.0m)(13.6m)(24.7m)(25.2m)(25.3m)(186.8m)(190.3m)

Income tax expense

7.0m5.8m11.1m6.5m7.8m9.2m7.8m10.4m9.1m2.6m(78.5m)(76.0m)(65.4m)

Net Income

(55.4m)(39.2m)(54.2m)(50.5m)(14.1m)(39.4m)(12.1m)(7.0m)(11.8m)(23.9m)(33.8m)(27.8m)53.2m(110.8m)(124.9m)

Nuance Balance Sheet

Annual

USDFY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

527.0m516.6m447.2m1.1b808.1m547.2m479.4m481.6m592.3m

Accounts Receivable

395.4m

Inventories

105.0m92.0m76.8m78.1m

Current Assets

1.4b1.2b1.0b1.0b1.3b

PP&E

176.5m

Goodwill

3.3b3.4b3.4b3.5b3.6b

Total Assets

6.0b5.8b5.6b5.7b5.9b

Accounts Payable

91.0m61.8m56.6m94.6m94.6m

Short-term debt

246.0m4.8m4.8m376.1m

Current Liabilities

805.2m642.0m626.4m690.9m1.1b

Long-term debt

2.2b

Total Debt

246.0m4.8m4.8m2.6b

Total Liabilities

4.0b

Common Stock

314.0k291.0k294.0k

Additional Paid-in Capital

3.0b3.2b3.1b2.5b2.6b

Retained Earnings

(369.4m)(530.6m)(750.4m)(429.0m)(580.0m)

Total Equity

2.6b2.6b2.3b1.9b1.9b

Debt to Equity Ratio

0.1 x0 x0 x1.4 x

Debt to Assets Ratio

0 x0 x0 x0.4 x

Financial Leverage

2.3 x2.3 x2.5 x2.9 x3.1 x

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

734.7m768.3m846.9m517.8m474.7m397.1m506.7m250.7m559.1m961.6m625.6m693.6m398.5m468.6m331.3m

Current Assets

1.4b1.4b1.5b1.2b1.1b966.2m1.0b767.6m1.0b1.6b1.3b1.3b1.0b1.1b986.3m

Goodwill

3.4b3.4b3.4b3.4b3.4b3.4b3.4b3.4b3.4b3.5b3.5b3.6b3.6b3.5b3.5b

Total Assets

6.0b6.0b6.1b5.8b5.6b5.6b5.5b5.3b5.5b6.2b5.9b5.9b5.6b5.6b5.4b

Accounts Payable

59.1m57.9m67.8m57.7m58.1m42.8m48.2m58.8m81.9m70.8m98.3m107.6m82.7m92.8m95.1m

Short-term debt

248.5m251.0m253.5m4.8m4.8m4.8m977.5m366.6m371.3m

Current Liabilities

835.9m832.3m875.3m602.3m595.1m600.8m603.0m772.1m668.3m1.7b1.1b1.1b719.1m741.5m730.8m

Long-term debt

2.1b2.1b2.1b2.1b2.1b2.1b2.3b2.3b2.3b

Total Debt

2.4b2.4b2.4b2.1b2.1b2.1b977.5m366.6m371.3m2.3b2.3b2.3b

Total Liabilities

3.4b3.4b3.5b3.2b3.2b3.3b3.3b3.5b3.7b4.3b3.9b4.0b3.6b3.7b3.7b

Additional Paid-in Capital

3.0b3.1b3.1b3.2b3.2b3.1b3.3b3.0b3.0b2.5b2.6b2.6b2.7b2.7b2.6b

Retained Earnings

(433.2m)(474.8m)(529.1m)(581.1m)(631.4m)(715.1m)(861.4m)(1.1b)(1.1b)(453.0m)(486.8m)(514.6m)(527.7m)(691.7m)(705.8m)

Total Equity

2.3b2.3b1.8b1.8b1.9b1.9b2.0b2.0b1.9b1.8b

Debt to Equity Ratio

0.9 x0.5 x0.2 x0.2 x1.2 x1.3 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x0.2 x0.1 x0.1 x0.4 x0.4 x

Financial Leverage

2.4 x2.4 x2.9 x3.1 x3.2 x3 x3 x2.8 x2.9 x3.1 x

Nuance Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(115.2m)(150.3m)(115.0m)(12.5m)(151.0m)

Depreciation and Amortization

63.6m61.0m63.6m62.9m234.4m

Accounts Receivable

25.2m(40.0m)41.7m25.5m(6.3m)

Inventories

Accounts Payable

(26.8m)(28.6m)(3.2m)38.2m(1.2m)

Cash From Operating Activities

395.0m358.1m487.6m565.8m378.9m

Cash From Investing Activities

(693.9m)(311.0m)(206.1m)(263.0m)(334.2m)

Long-term Borrowings

(425.6m)(255.0m)(261.1m)(511.8m)(634.6m)

Cash From Financing Activities

(20.7m)(307.2m)(341.2m)(305.1m)67.1m

Net Change in Cash

110.7m

Free Cash Flow

339.4m297.9m429.5m510.9m317.0m

Quarterly

USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(55.4m)(94.6m)(148.9m)(50.5m)(64.6m)(104.0m)(12.1m)(19.1m)(30.9m)(23.9m)(57.7m)(85.6m)53.2m(110.8m)(124.9m)

Depreciation and Amortization

55.1m109.4m165.3m57.2m114.0m171.9m58.3m115.8m173.1m58.0m116.6m175.0m54.3m107.1m161.2m

Accounts Receivable

(6.5m)6.5m(4.7m)7.2m17.0m51.0m(3.9m)22.1m23.4m(9.7m)(1.4m)28.1m(36.3m)(12.4m)2.0m

Accounts Payable

(28.0m)(32.1m)(25.0m)(2.6m)1.9m(14.6m)(5.9m)2.7m25.0m(21.2m)(1.0m)12.2m(11.9m)(3.8m)(4.0m)

Cash From Operating Activities

78.2m165.2m262.2m95.7m215.6m336.0m141.1m301.1m426.9m124.9m250.3m382.4m86.1m195.4m295.0m

Cash From Investing Activities

(105.4m)(150.1m)(164.3m)(79.2m)(130.8m)(195.5m)(24.2m)(59.7m)(39.6m)(97.0m)(176.0m)(229.9m)106.2m64.2m(47.2m)

Cash From Financing Activities

(46.6m)(54.9m)(59.6m)(44.7m)(151.9m)(285.5m)(89.8m)(472.0m)(311.4m)70.9m60.7m(386.7m)(383.4m)(507.5m)

Free Cash Flow

64.0m140.5m220.9m78.7m184.9m287.8m120.6m268.8m385.5m113.5m231.5m348.3m73.6m170.0m256.1m

Nuance Ratios

USDY, 2018

EV/EBIT

-76.2 x

EV/CFO

23.8 x

EV/FCF

27.4 x

Debt/Equity

1.3 x

Debt/Assets

0.4 x

Financial Leverage

3.1 x
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Nuance Operating Metrics

FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017

New Bookings

$2.40 b$303.80 m$304.70 m$484.40 m$1.50 b$308.70 m$313.70 m$362.90 m$1.50 b$380.30 m$410.40 m$438.50 m$1.70 b

Patents Issued

3.30 k3.60 k3.65 k4.50 k

Patent Applications

1 k1 k900 800

Countries

65 77 79
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Nuance Employee Rating

3.21207 votes
Culture & Values
3.0
Work/Life Balance
3.4
Senior Management
2.9
Salary & Benefits
3.5
Career Opportunities
3.0
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