Red Hat revenue was $3.36 b in FY, 2019 which is a 15.1% year over year increase from the previous period.

## Founding Date | 1993 |

Red Hat is a subsidiary of IBM

Red Hat revenue breakdown by business segment: 12.3% from Training and services and 87.7% from Subscription

Red Hat revenue breakdown by geographic segment: 14.4% from Asia Pacific, 23.4% from EMEA and 62.2% from Americas

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Revenue | 2.4b | 2.9b | 3.4b |

| 18% | 21% | 15% |

## Cost of goods sold | 354.4m | 431.8m | 498.3m |

## Gross profit | 2.1b | 2.5b | 2.9b |

| 85% | 85% | 85% |

## Sales and marketing expense | 1.0b | 1.2b | 1.4b |

## R&D expense | 480.7m | 578.3m | 668.5m |

## General and administrative expense | 208.5m | 239.3m | 304.8m |

## Operating expense total | 1.7b | 2.0b | 2.4b |

## EBIT | 332.2m | 472.4m | 512.2m |

| 14% | 16% | 15% |

## Interest expense | 23.8m | 24.6m | 19.8m |

## Interest income | 13.9m | 18.5m | 30.5m |

## Pre tax profit | 320.2m | 474.7m | 518.1m |

## Income tax expense | 66.5m | 215.9m | 84.1m |

## Net Income | 253.7m | 258.8m | 434.0m |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Cash | 1.1b | 1.7b | 1.9b |

## Accounts Receivable | 183.0m | 806.7m | 980.2m |

## Prepaid Expenses | 200.6m | 260.1m | 282.5m |

## Current Assets | 2.3b | 3.1b | 3.5b |

## PP&E | 189.6m | 206.1m | 199.0m |

## Goodwill | 1.0b | 1.3b | 1.3b |

## Total Assets | 4.5b | 5.5b | 5.6b |

## Accounts Payable | 377.0m | 427.1m | 491.3m |

## Short-term debt | 1.4m | 24.6m | 70.1m |

## Current Liabilities | 1.9b | 2.3b | 2.7b |

## Long-term debt | 839.6m | 949.4m | 430.6m |

## Non-Current Liabilities | 1.4b | 1.7b | 1.3b |

## Total Debt | 2.9b | 3.6b | 3.5b |

## Total Liabilities | 3.3b | 4.0b | 4.0b |

## Common Stock | 24.0k | 24.0k | 24.0k |

## Additional Paid-in Capital | 2.3b | 2.4b | 2.8b |

## Retained Earnings | 1.4b | 1.6b | 2.1b |

## Total Equity | 1.2b | 1.5b | 1.6b |

## Debt to Equity Ratio | 2.3 x | 2.4 x | 2.2 x |

## Debt to Assets Ratio | 0.6 x | 0.7 x | 0.6 x |

## Financial Leverage | 3.6 x | 3.7 x | 3.5 x |

USD | FY, 2017 | FY, 2018 | FY, 2019 |
---|---|---|---|

## Net Income | 253.7m | 258.8m | 434.0m |

## Depreciation and Amortization | 85.3m | 97.1m | 109.0m |

## Accounts Receivable | (119.1m) | (154.1m) | (189.0m) |

## Cash From Operating Activities | 783.7m | 923.1m | 1.0b |

## Purchases of PP&E | (69.1m) | (85.0m) | (61.3m) |

## Cash From Investing Activities | (110.1m) | (76.9m) | 110.0m |

## Long-term Borrowings | (1.7m) | (1.5m) | (439.3m) |

## Cash From Financing Activities | (504.2m) | (273.1m) | (919.9m) |

## Net Change in Cash | 163.0m | 633.3m | 159.0m |

## Interest Paid | 2.1m | 2.1m | 1.7m |

## Income Taxes Paid | 56.7m | 110.9m | 103.2m |

USD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
---|---|---|---|---|---|---|---|---|---|---|

## Net Income | 61.2m | 120.0m | 187.9m | 73.2m | 170.0m | 271.4m | 113.2m | 200.0m | 294.5m | 141.1m |

## Depreciation and Amortization | 20.7m | 41.9m | 63.7m | 21.8m | 46.0m | 71.5m | 27.1m | 53.7m | 80.5m | 36.8m |

## Accounts Receivable | 190.3m | 159.6m | 86.5m | 208.8m | 225.8m | 111.9m | 299.4m | 277.4m | 58.2m | 445.2m |

## Accounts Payable | (58.3m) | |||||||||

## Cash From Operating Activities | 232.3m | 329.1m | 465.5m | 257.9m | 400.8m | 561.1m | 346.2m | 479.0m | 615.7m | 460.0m |

## Purchases of PP&E | (17.7m) | (33.2m) | (50.4m) | (25.9m) | (51.7m) | (68.3m) | (13.0m) | (26.6m) | (44.8m) | (23.5m) |

## Cash From Investing Activities | (38.1m) | (71.3m) | (95.3m) | (50.8m) | (172.8m) | (83.1m) | (36.3m) | 51.1m | (13.2m) | 147.6m |

## Long-term Borrowings | (906.0k) | (1.4m) | (443.0k) | (861.0k) | (1.2m) | (26.3m) | (238.5m) | (242.7m) | (102.2m) | |

## Cash From Financing Activities | (96.1m) | (229.3m) | (372.5m) | (88.7m) | (159.7m) | (286.6m) | (237.2m) | (703.3m) | (738.0m) | (175.5m) |

## Net Change in Cash | 103.8m | (42.8m) | (11.1m) | 139.6m | 119.5m | 240.4m | 44.3m | (220.6m) | (184.9m) | 412.3m |