$21.7 B

RHT Mkt cap, 15-Oct-2018

$822.7 M

Red Hat Revenue Q2, 2019
Red Hat Gross profit (Q2, 2019)703.8 M
Red Hat Gross profit margin (Q2, 2019), %85.5%
Red Hat Net income (Q2, 2019)86.9 M
Red Hat EBIT (Q2, 2019)134.6 M

Red Hat Revenue Breakdown

Embed Graph

Red Hat revenue breakdown by business segment: 11.9% from Training and services and 88.1% from Subscription

Red Hat revenue breakdown by geographic segment: 13.9% from Asia Pacific, 22.5% from EMEA and 63.6% from Americas

Red Hat Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.3b1.8b2.1b2.4b2.9b

Revenue growth, %

1%34%15%18%21%

Cost of goods sold

232.6m273.2m309.6m431.8m

Gross profit

1.1b1.5b1.7b2.5b

Gross profit Margin, %

83%85%85%85%

Sales and marketing expense

597.9m728.4m849.0m1.0b1.2b

R&D expense

317.3m367.9m413.3m480.7m578.3m

General and administrative expense

152.4m170.1m192.3m208.5m239.3m

Operating expense total

1.1b1.3b1.5b1.7b2.0b

EBIT

232.3m250.0m288.0m332.2m472.4m

EBIT margin, %

17%14%14%14%16%

Interest expense

160.0k9.4m23.1m23.8m24.6m

Interest income

6.6m8.3m11.7m13.9m18.5m

Pre tax profit

239.5m255.5m274.9m320.2m474.7m

Income tax expense

61.3m75.3m75.5m66.5m215.9m

Net Income

178.3m180.2m199.4m253.7m258.8m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

445.9m455.9m481.0m504.1m523.6m567.9m599.8m615.3m676.8m723.4m813.5m822.7m

Cost of goods sold

106.7m122.7m118.9m

Gross profit

616.6m690.8m703.8m

Gross profit Margin, %

85%85%86%

Sales and marketing expense

144.6m153.5m176.8m174.5m187.2m198.9m205.1m215.8m243.2m253.3m267.1m296.5m278.5m883.4m348.8m334.4m

R&D expense

78.3m82.5m89.9m95.3m90.6m97.4m102.5m104.9m115.0m121.3m122.5m137.2m141.8m424.6m166.5m166.3m

General and administrative expense

38.2m39.3m41.6m44.7m39.5m42.4m44.1m53.0m50.2m55.7m54.5m54.9m61.7m180.4m63.4m68.6m

Operating expense total

263.3m275.3m308.3m314.5m317.3m338.7m351.7m373.7m408.5m430.3m444.0m488.5m482.1m1.5b578.7m569.3m

EBIT

55.6m60.8m51.0m64.2m67.2m70.9m76.5m68.9m75.4m81.9m80.8m87.6m134.6m340.6m112.2m134.6m

EBIT margin, %

14%15%15%15%13%13%14%13%13%19%14%16%

Interest expense

3.4m5.7m5.7m5.8m5.9m5.9m6.0m6.1m6.1m18.3m6.3m4.8m

Interest income

1.5m1.6m1.8m2.0m2.2m2.7m2.9m2.9m3.4m3.4m3.3m4.0m4.6m13.5m7.8m7.9m

Pre tax profit

58.3m61.9m53.2m65.9m67.5m67.7m72.4m66.0m72.4m79.4m76.7m84.9m131.8m332.7m111.5m135.1m

Income tax expense

17.5m9.9m15.4m19.1m19.6m19.6m21.0m19.1m11.2m20.7m8.8m11.7m35.0m61.3m(1.7m)48.3m

Net Income

40.8m52.0m37.7m46.8m47.9m48.1m51.4m46.8m61.2m58.8m67.9m73.2m96.6m271.4m113.2m86.9m

Red Hat Balance Sheet

Annual

USDY, 2014Y, 2015FY, 2016FY, 2017FY, 2018

Cash

646.7m1.0b927.8m1.1b1.7b

Accounts Receivable

183.0m806.7m

Prepaid Expenses

260.1m

Inventories

Current Assets

1.6b2.0b1.9b2.3b3.1b

PP&E

206.1m

Goodwill

687.4m927.1m1.0b1.0b1.3b

Total Assets

3.1b3.8b4.2b4.5b5.5b

Accounts Payable

179.5m237.7m284.8m377.0m427.1m

Short-term debt

23.8k

Current Liabilities

1.1b1.3b1.6b1.9b2.3b

Long-term debt

744.2k

Total Debt

768.0k

Common Stock

24.0

Additional Paid-in Capital

1.9b2.0b2.2b2.3b2.4b

Retained Earnings

720.2m900.4m1.1b1.4b1.6b

Total Equity

1.6b1.3b1.3b1.2b1.5b

Financial Leverage

2 x3 x3.1 x3.6 x3.7 x

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

596.8m642.1m564.1m585.4m884.0m990.9m991.6m942.0m1.0b970.6m916.7m1.2b1.2b1.3b

Current Assets

1.3b1.5b1.3b1.3b1.7b1.7b1.7b1.8b1.9b1.8b1.9b2.3b2.3b2.5b2.9b2.6b

Goodwill

690.3m687.5m817.3m870.1m939.6m924.7m928.2m1.0b1.0b1.1b1.0b1.0b1.1b1.1b1.3b1.3b

Total Assets

2.7b2.9b3.1b3.1b3.5b3.8b3.8b3.9b4.1b4.1b4.1b4.5b4.6b4.8b5.2b4.8b

Accounts Payable

178.9m190.9m185.9m211.6m229.3m177.0m212.8m229.1m251.4m273.6m270.8m303.7m323.2m341.6m359.7m406.0m

Current Liabilities

975.9m1.0b1.1b1.1b1.2b1.2b1.3b1.3b1.5b1.5b1.5b1.8b1.8b1.8b2.3b2.1b

Additional Paid-in Capital

1.8b1.9b1.9b1.9b1.9b2.1b2.1b2.1b2.2b2.2b2.2b2.3b2.3b2.4b2.4b2.6b

Retained Earnings

623.1m675.1m757.9m804.7m852.7m948.5m999.9m1.0b1.2b1.2b1.3b1.4b1.5b1.6b1.7b1.8b

Total Equity

1.4b1.5b1.5b1.5b1.2b1.3b1.4b1.3b1.3b1.3b1.3b1.3b1.4b1.4b1.4b1.3b

Financial Leverage

1.9 x1.9 x2 x2 x2.9 x2.8 x2.8 x2.9 x3 x3.1 x3.2 x3.5 x3.3 x3.3 x3.6 x3.7 x

Red Hat Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

178.3m180.2m199.4m253.7m258.8m

Depreciation and Amortization

74.4m76.3m76.1m85.3m97.1m

Accounts Receivable

(62.0m)(120.0m)(48.0m)(119.1m)(154.1m)

Inventories

Accounts Payable

28.4m71.0m62.4m71.0m161.8m

Cash From Operating Activities

540.6m622.8m716.1m783.7m923.1m

Purchases of PP&E

(79.6m)(45.6m)(41.6m)(69.1m)(85.0m)

Cash From Investing Activities

(108.3m)(325.0m)(512.1m)(110.1m)(76.9m)

Short-term Borrowings

(1.5m)

Cash From Financing Activities

(263.1m)148.2m(307.6m)(504.2m)(273.1m)

Net Change in Cash

633.3m

Interest Paid

43.0k52.0k2.0m2.1m2.1m

Income Taxes Paid

34.7m33.7m63.4m56.7m110.9m

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

40.8m52.0m37.7m46.8m47.9m48.1m51.4m46.8m61.2m58.8m67.9m73.2m96.9m271.4m113.2m86.9m

Depreciation and Amortization

18.4m19.0m18.9m19.5m18.7m18.5m18.5m19.9m20.7m21.2m21.9m21.8m21.1m71.5m27.1m26.7m

Accounts Receivable

(6.3m)(75.3m)96.6m(18.3m)(75.9m)179.4m(17.9m)(97.0m)190.3m(30.7m)(73.1m)208.8m17.0m111.9m299.4m(22.0m)

Accounts Payable

38.9m12.3m2.7m27.3m26.3m(52.3m)34.4m21.9m(38.1m)18.6m(10.8m)(55.3m)2.0m(17.8m)(28.6m)26.9m

Cash From Operating Activities

118.9m95.2m164.7m107.7m133.0m208.8m120.3m139.6m232.3m96.8m136.4m257.9m142.9m561.1m346.2m132.8m

Purchases of PP&E

(21.8m)(13.3m)(8.6m)(14.3m)(12.2m)(10.7m)(10.3m)(8.5m)(17.7m)(15.5m)(17.2m)(25.9m)(25.8m)(68.3m)(13.0m)(13.7m)

Cash From Investing Activities

(97.6m)2.3m(156.4m)6.8m(140.5m)(240.3m)(41.2m)(80.5m)(38.1m)(33.2m)(24.1m)(50.8m)(122.0m)(83.1m)(36.3m)87.4m

Cash From Financing Activities

(20.9m)(55.0m)(93.1m)(84.4m)328.9m(17.0m)(74.9m)(97.2m)(96.1m)(133.1m)(143.3m)(88.7m)(71.0m)(286.6m)(237.2m)(466.0m)

Red Hat Ratios

USDY, 2018

Financial Leverage

3.7 x
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Red Hat Operating Metrics

FY, 2015FY, 2016FY, 2017Jan, 2018

Bookings

$1.86 b$2.13 b$2.75 b

Countries

35

Locations

90
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Red Hat Human Capital

Red Hat's employees are reported to be approximately 22% female and 78% male.

Ethnicity

Y, 2014
Asian10 %
White82 %
Other8 %

Gender

Y, 2014
Female22 %
Male78 %
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