$CSGS
CSG Systems International Inc

2015 Q3 Form 10-Q Financial Statement

#000156459015009748 Filed on November 05, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $187.0M $185.0M
YoY Change 1.06% -0.63%
Cost Of Revenue $92.18M $94.47M
YoY Change -2.42% -0.45%
Gross Profit $94.78M $90.53M
YoY Change 4.69% -0.82%
Gross Profit Margin 50.69% 48.94%
Selling, General & Admin $34.20M $39.00M
YoY Change -12.31% 1.45%
% of Gross Profit 36.08% 43.08%
Research & Development $24.90M $26.30M
YoY Change -5.32% -4.71%
% of Gross Profit 26.27% 29.05%
Depreciation & Amortization $11.00M $11.90M
YoY Change -7.56% 158.19%
% of Gross Profit 11.61% 13.14%
Operating Expenses $155.9M $171.2M
YoY Change -8.9% 3.35%
Operating Profit $31.02M $13.83M
YoY Change 124.29% -32.71%
Interest Expense -$3.800M -$3.900M
YoY Change -2.56% -249.14%
% of Operating Profit -12.25% -28.2%
Other Income/Expense, Net $700.0K $100.0K
YoY Change 600.0% -102.55%
Pretax Income $27.94M $10.06M
YoY Change 177.65% -39.49%
Income Tax $11.20M $4.831M
% Of Pretax Income 40.07% 48.0%
Net Earnings $16.70M $5.200M
YoY Change 221.15% -66.01%
Net Earnings / Revenue 8.93% 2.81%
Basic Earnings Per Share $0.54 $0.16
Diluted Earnings Per Share $0.50 $0.15
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.8M $183.5M
YoY Change 8.88% -5.36%
Cash & Equivalents $100.2M $75.60M
Short-Term Investments $99.60M $107.9M
Other Short-Term Assets $44.00M $39.20M
YoY Change 12.24% -6.67%
Inventory
Prepaid Expenses
Receivables $224.1M $230.5M
Other Receivables $6.100M $6.700M
Total Short-Term Assets $474.0M $459.8M
YoY Change 3.09% 0.41%
LONG-TERM ASSETS
Property, Plant & Equipment $34.80M $36.80M
YoY Change -5.43% 6.05%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $28.10M $27.30M
YoY Change 2.93% 26.98%
Total Long-Term Assets $366.7M $387.6M
YoY Change -5.39% -1.12%
TOTAL ASSETS
Total Short-Term Assets $474.0M $459.8M
Total Long-Term Assets $366.7M $387.6M
Total Assets $840.7M $847.4M
YoY Change -0.79% -0.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $37.90M $31.10M
YoY Change 21.86% -6.33%
Accrued Expenses $47.60M $40.20M
YoY Change 18.41% -17.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.500M $20.60M
YoY Change -63.59% 37.33%
Total Short-Term Liabilities $190.7M $195.7M
YoY Change -2.55% -0.96%
LONG-TERM LIABILITIES
Long-Term Debt $277.3M $237.5M
YoY Change 16.76% -5.9%
Other Long-Term Liabilities $24.10M $25.80M
YoY Change -6.59% -4.09%
Total Long-Term Liabilities $301.4M $263.3M
YoY Change 14.47% -5.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $190.7M $195.7M
Total Long-Term Liabilities $301.4M $263.3M
Total Liabilities $506.8M $474.1M
YoY Change 6.9% -4.28%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $333.9M $373.3M
YoY Change
Total Liabilities & Shareholders Equity $840.7M $847.4M
YoY Change -0.79% -0.29%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $16.70M $5.200M
YoY Change 221.15% -66.01%
Depreciation, Depletion And Amortization $11.00M $11.90M
YoY Change -7.56% 158.19%
Cash From Operating Activities $25.80M $19.60M
YoY Change 31.63% -22.53%
INVESTING ACTIVITIES
Capital Expenditures -$7.200M -$11.10M
YoY Change -35.14% 18.09%
Acquisitions
YoY Change
Other Investing Activities -$1.600M -$4.200M
YoY Change -61.9% -42.47%
Cash From Investing Activities -$8.700M -$15.40M
YoY Change -43.51% -7.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -8.900M -13.30M
YoY Change -33.08% 0.76%
NET CHANGE
Cash From Operating Activities 25.80M 19.60M
Cash From Investing Activities -8.700M -15.40M
Cash From Financing Activities -8.900M -13.30M
Net Change In Cash 8.200M -9.100M
YoY Change -190.11% 102.22%
FREE CASH FLOW
Cash From Operating Activities $25.80M $19.60M
Capital Expenditures -$7.200M -$11.10M
Free Cash Flow $33.00M $30.70M
YoY Change 7.49% -11.53%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2014Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
13204000
CY2014Q4 csgs Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
14169000
CY2014Q3 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
140981000
CY2014Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
8890000
CY2014Q4 us-gaap Assets Current
AssetsCurrent
478133000
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
38326000
CY2014Q4 us-gaap Goodwill
Goodwill
225269000
CY2014Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
7851000
CY2014Q4 us-gaap Other Assets Current
OtherAssetsCurrent
28470000
CY2015Q3 csgs Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
9530000
CY2014Q4 us-gaap Income Taxes Receivable Noncurrent
IncomeTaxesReceivableNoncurrent
1333000
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
429009000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2174000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
2044000
us-gaap Share Based Compensation
ShareBasedCompensation
15775000
us-gaap Share Based Compensation
ShareBasedCompensation
12250000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
3588000
us-gaap Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable
-1825000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3703000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-16369000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
6272000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
286000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
84346000
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
35906000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1869000
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
155939000
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
171172000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
15559000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
6092000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
5866000
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
97000
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
98000
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0
CY2014Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax
0
us-gaap Adjustment For Amortization
AdjustmentForAmortization
22353000
us-gaap Adjustment For Amortization
AdjustmentForAmortization
25207000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-179000
us-gaap Gain Loss On Investments
GainLossOnInvestments
-973000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-767000
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
222000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-5556000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-25000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
16776000
csgs Warranty Period
WarrantyPeriod
P90D
CY2015Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1664000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
26400000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
21300000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16100000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
12700000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21406000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
107462000
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
126982000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
127766000
us-gaap Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
146417000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
962000
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
6374000
us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
1130000
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3808000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1148000
us-gaap Payments Of Dividends
PaymentsOfDividends
16811000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
64995000
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
829000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
150000000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
125625000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2742000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2174000
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-57680000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-4405000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
18453000
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
82686000
us-gaap Interest Paid
InterestPaid
7484000
us-gaap Income Taxes Paid
IncomeTaxesPaid
30998000
CY2015Q3 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
132000
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1000
CY2015Q1 csgs Additional Share Repurchase Authorized
AdditionalShareRepurchaseAuthorized
7500000
CY2015Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
42500000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
300000
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
200000
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
7000000
CY2015Q3 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
9100000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:0%;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates in Preparation of Financial Statements.<font style="font-style:normal;"> The preparation of the accompanying Financial Statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our Financial Statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. </font></p></div>
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
5200000
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
27.06
us-gaap Treasury Stock Acquired Average Cost Per Share
TreasuryStockAcquiredAverageCostPerShare
27.26
CY2015Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
7300000
CY2015Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
259656000
CY2015Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
179213000
CY2015Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
80443000
CY2014Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
267017000
CY2014Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
175382000
CY2014Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
91635000
CY2015Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6800000
CY2015Q3 us-gaap Long Term Debt
LongTermDebt
284845000
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
300000
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
200000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
8000000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6700000
CY2015Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5700000
CY2014Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
5500000
CY2015Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
4900000
CY2015Q3 us-gaap Loans Payable
LoansPayable
144375000
CY2015Q3 us-gaap Convertible Debt
ConvertibleDebt
150000000
CY2015Q3 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
144375000
CY2015Q3 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
207150000
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-45000
us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-3138000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
17200000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
16000000
CY2014 csgs Common Stock Warrants Term
CommonStockWarrantsTerm
P10Y
CY2014 invest Investment Warrants Exercise Price
InvestmentWarrantsExercisePrice
26.68
CY2014Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4500000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15800000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12300000

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csgs-10q_20150930.htm Edgar Link pending
csgs-20150930.xml Edgar Link completed
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