$9.2 B

OTEX Mkt cap, 15-Oct-2018

$2.8 B

Open Text Revenue FY, 2018
Open Text Revenue growth (FY, 2017 - FY, 2018), %23%
Open Text Gross profit (FY, 2018)1.9 B
Open Text Gross profit margin (FY, 2018), %66.2%
Open Text Net income (FY, 2018)242.3 M
Open Text EBIT (FY, 2018)505.4 M
Open Text Cash, 30-Jun-2018682.9 M
Open Text EV11.1 B

Open Text Revenue

Open Text revenue was $2.82 b in FY, 2018 which is a 22.9% year over year increase from the previous period.

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Open Text Revenue Breakdown

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Open Text revenue breakdown by business segment: 43.8% from Customer Support, 11.2% from Professional Service and Other, 29.4% from Cloud Services and Subscriptions and 15.5% from License

Open Text revenue breakdown by geographic segment: 11.5% from All other countries, 18.4% from Rest of Europe, 7.0% from Germany, 7.2% from United Kingdom, 50.6% from United States and 5.3% from Canada

Open Text Income Statement

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.9b1.8b2.3b2.8b

Revenue growth, %

14%(1%)26%23%

Cost of goods sold

598.4m574.0m762.4m951.4m

Gross profit

1.3b1.3b1.5b1.9b

Gross profit Margin, %

68%69%67%66%

Sales and marketing expense

373.6m344.2m444.8m529.4m

R&D expense

196.5m194.1m281.7m323.5m

General and administrative expense

162.7m140.4m170.4m205.3m

Operating expense total

904.8m881.7m1.2b1.4b

Depreciation and amortization

159.1m168.1m215.2m86.9m

EBIT

348.7m368.6m352.9m505.4m

EBIT margin, %

19%20%15%18%

Interest expense

54.6m76.4m119.1m137.3m

Pre tax profit

266.0m290.8m249.6m386.1m

Income tax expense

31.6m6.3m(776.4m)143.8m

Net Income

234.4m284.5m1.0b242.3m

Open Text Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

700.0m1.3b443.4m682.9m

Accounts Receivable

284.1m285.9m445.8m488.0m

Prepaid Expenses

53.2m59.0m81.6m101.1m

Current Assets

1.1b1.7b1.0b1.3b

PP&E

160.4m183.7m227.4m264.2m

Goodwill

2.2b2.3b3.4b3.6b

Total Assets

4.4b5.2b7.5b7.8b

Accounts Payable

241.4m257.5m342.1m302.2m

Short-term debt

8.0m8.0m182.8m10.0m

Current Liabilities

624.4m671.0m1.1b994.6m

Long-term debt

1.5b2.1b2.4b2.6b

Non-Current Liabilities

1.9b2.5b2.8b3.1b

Total Debt

1.6b2.1b2.6b2.6b

Total Liabilities

2.5b3.2b3.9b4.0b

Common Stock

808.0m817.8m1.4b

Additional Paid-in Capital

126.4m147.3m173.6m

Retained Earnings

863.0m992.5m1.9b2.0b

Total Equity

1.8b2.0b3.5b3.7b

Debt to Equity Ratio

0.9 x1.1 x0.7 x0.7 x

Debt to Assets Ratio

0.4 x0.4 x0.3 x0.3 x

Financial Leverage

2.4 x2.6 x2.1 x2.1 x

Quarterly

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

Cash

690.8m726.0m877.4m834.9m1.7b449.0m376.4m476.0m605.5m

Accounts Receivable

233.9m278.6m266.5m297.5m315.6m360.3m457.8m512.0m515.0m

Prepaid Expenses

47.1m53.0m56.0m70.6m58.1m79.3m98.5m101.1m105.7m

Current Assets

1.0b1.1b1.3b1.2b2.1b911.3m958.6m1.1b1.3b

PP&E

163.2m161.7m172.0m181.7m179.0m195.1m245.4m260.9m264.9m

Goodwill

2.2b2.2b2.2b2.6b2.6b3.4b3.6b3.6b3.6b

Total Assets

4.3b4.3b4.4b6.1b6.9b7.4b7.7b7.7b7.8b

Accounts Payable

189.3m227.1m212.9m233.5m245.5m290.5m323.3m318.0m295.2m

Short-term debt

8.0m8.0m8.0m8.0m8.0m232.8m382.8m382.8m282.8m

Current Liabilities

536.9m559.8m610.5m670.6m643.1m1.1b1.3b1.3b1.3b

Long-term debt

1.6b1.6b1.6b2.1b2.4b2.4b2.4b2.4b2.4b

Non-Current Liabilities

1.9b1.9b1.9b2.5b2.7b2.8b2.8b2.8b2.8b

Total Debt

1.6b1.6b1.6b2.1b2.4b2.6b2.8b2.8b2.7b

Total Liabilities

2.5b2.5b2.5b3.2b3.4b3.9b4.1b4.1b4.1b

Common Stock

806.4m806.1m809.7m822.1m1.4b1.4b1.6b1.7b

Additional Paid-in Capital

132.7m134.5m140.4m155.3m159.0m165.6m

Retained Earnings

838.5m888.8m933.8m1.9b1.9b1.9b1.9b1.9b2.0b

Total Equity

1.8b1.9b1.9b2.9b3.5b3.5b3.6b3.6b3.7b

Debt to Equity Ratio

0.9 x0.9 x0.8 x0.7 x0.7 x0.7 x0.8 x0.8 x0.7 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x0.3 x0.4 x0.4 x0.4 x0.3 x

Financial Leverage

2.4 x2.3 x2.3 x2.1 x2 x2.1 x2.2 x2.1 x2.1 x

Open Text Cash Flow

Annual

USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

234.4m284.5m1.0b242.3m

Depreciation and Amortization

240.1m242.4m345.7m456.9m

Accounts Receivable

43.2m9.0m(126.8m)(22.6m)

Accounts Payable

(22.7m)(5.7m)53.5m(91.6m)

Cash From Operating Activities

523.0m525.7m439.3m709.9m

Purchases of PP&E

(77.0m)(70.0m)(79.6m)(105.3m)

Cash From Investing Activities

(398.4m)(361.2m)(2.2b)(444.4m)

Long-term Borrowings

(530.3m)(8.0m)(57.9m)(1.1b)

Dividends Paid

(87.6m)(99.3m)(120.6m)(145.6m)

Cash From Financing Activities

170.6m430.2m909.5m(23.7m)

Net Change in Cash

272.1m583.8m(840.4m)239.6m

Quarterly

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

Net Income

41.3m129.1m198.2m912.9m957.9m979.7m36.7m121.6m180.4m

Depreciation and Amortization

60.6m120.5m179.8m72.0m146.0m242.6m106.6m222.1m339.3m

Accounts Receivable

52.1m10.9m22.2m16.2m456.0k(37.1m)5.2m(49.5m)(55.7m)

Accounts Payable

(48.3m)(14.8m)(27.4m)(30.6m)(24.0m)16.5m(64.5m)(72.5m)(92.3m)

Cash From Operating Activities

92.7m216.7m406.6m73.5m180.5m336.8m67.1m233.7m504.4m

Purchases of PP&E

(17.2m)(29.9m)(48.9m)(20.7m)(32.3m)(50.1m)(30.4m)(55.9m)(83.0m)

Cash From Investing Activities

(25.7m)(60.3m)(81.6m)(501.2m)(515.9m)(2.2b)(326.7m)(364.6m)(415.2m)

Long-term Borrowings

(2.0m)(4.0m)(6.0m)(2.0m)(4.0m)(5.9m)(1.9m)(3.9m)(105.8m)

Dividends Paid

(23.3m)(47.5m)(71.6m)(27.8m)(55.6m)(86.0m)(35.0m)(69.8m)(105.0m)

Cash From Financing Activities

(70.3m)(119.6m)(141.7m)(25.8m)790.4m992.5m184.9m155.9m55.2m

Net Change in Cash

(9.2m)26.0m177.4m(448.8m)438.7m(834.8m)(67.0m)32.7m162.1m

Open Text Ratios

USDY, 2018

EV/EBIT

21.9 x

EV/CFO

15.6 x

Revenue/Employee

239.8k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.1 x
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Open Text Operating Metrics

Open Text's Customers was reported to be 10 k in FY, 2017.
Jun, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018

Annual Recurring Revenue

$1.69 b$489.30 m$516.20 m$521.40 m

Countries

40

Customers

10 k10 k

Data Centers

37

Partners

600 k

Transactions

18 b
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