NUAN · Nuance Communications, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Annual Quarterly

Income Statement

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Revenue	$1.36B	$1.48B	$1.82B	$2.07B	$1.98B	$1.98B
Cost of Revenue	$528.99M	$638.94M	$779.92M	$873.57M	$853.80M	$829.50M
Gross Profit	$833.39M	$839.96M	$1.04B	$1.18B	$1.09B	$1.12B
R&D	$249.20M	$226.23M	$275.89M	$305.32M	$266.10M	$271.13M
SG&A	$127.32M	$156.35M	$175.01M	$229.77M	$166.68M	$168.47M
Total Operating Expenses	$750.67M	$727.37M	$910.50M	$1.27B	$1.03B	$980.88M
D&A	$33.71M	$37.77M	$55.23M	$210.32M	$234.41M	$231.47M
Operating Income	$82.72M	$112.59M	$132.67M	($86.94M)	$51.97M	$138.52M
Interest Expense	$77.73M	$93.97M	$120.09M	$137.25M	$156.89M	$132.73M
Income Tax	$5.41M	($18.75M)	($88.59M)	($56.81M)	$31.98M	$14.20M
Net Income	($26.73M)	$21.40M	$213.81M	($159.93M)	($151.00M)	($12.46M)
EPS - Basic	($0.09)	$0.08	$0.75	($0.55)	($0.52)	($0.04)
EPS - Diluted	($0.09)	$0.07	$0.74	($0.55)	($0.52)	($0.04)

Balance Sheet

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Cash & Equivalents	$187.31M	$301.23M	$560.96M	$315.96M	$592.30M	$481.62M
Accounts Receivable	$162.29M	$200.58M	$308.60M	$378.83M	$395.39M	$380.00M
Inventory	-	-	-	$7.56M	$6.09M	$11.64M
Accounts Payable	$90.12M	$75.12M	$104.86M	$84.52M	$94.60M	$94.60M
Current Assets	$603.54M	$735.99M	$1.26B	$928.63M	$1.33B	$1.04B
Total Assets	$3.39B	$3.59B	$5.37B	$5.30B	$5.93B	$5.66B
Current Liabilities	$928.35M	$986.14M	$1.85B	$764.16M	$1.11B	$690.90M
Long-term Debt	$867.92M	$1.54B	$1.94B	$2.19B	$2.62B	$2.43B
Total Liabilities	$1.71B	$2.45B	$3.19B	$3.58B	$4.00B	$3.73B
Stockholders' Equity	$1.63B	$1.14B	$2.16B	$1.72B	$1.93B	$1.93B
Retained Earnings	($298.94M)	($272.22M)	($293.61M)	($740.84M)	($580.03M)	($429.03M)

Cash Flow

Line item	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Operating Cash Flow	$247.64M	$254.56M	$401.36M	$444.43M	$378.87M	$565.79M
Investing Cash Flow	($42.43M)	$72.73M	$296.03M	($37.31M)	($334.21M)	($263.00M)
Financing Cash Flow	($322.74M)	($586.21M)	($452.04M)	($680.35M)	$67.05M	($305.12M)
CapEx	$56.51M	$61.30M	$44.19M	$48.84M	$61.84M	$54.88M
Free Cash Flow	$191.13M	$193.27M	$357.17M	$395.58M	$317.03M	$510.91M

Ratios

Metric	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Profitability
Gross margin	61.2%	56.8%	57.2%	56.9%	54.9%	56.5%
Operating margin	6.1%	7.6%	7.3%	-4.2%	2.6%	7.0%
EBITDA margin	8.5%	10.2%	10.3%	6.0%	14.5%	18.7%
Net margin	-2.0%	1.4%	11.7%	-7.7%	-7.6%	-0.6%
Free cash flow margin	14.0%	13.1%	19.6%	19.1%	16.0%	25.8%
FCF / Net income	-7.15	9.03	1.67	-2.47	-2.10	-41.01
R&D / Revenue	18.3%	15.3%	15.1%	14.8%	13.5%	13.7%
SG&A / Revenue	9.3%	10.6%	9.6%	11.1%	8.4%	8.5%
Effective tax rate	-	-709.2%	-70.8%	-	-	816.4%
Return on assets	-0.8%	0.6%	4.0%	-3.0%	-2.5%	-0.2%
Return on equity	-1.6%	1.9%	9.9%	-9.3%	-7.8%	-0.6%
Return on invested capital	2.6%	4.2%	3.2%	-1.8%	0.9%	1.6%
Liquidity
Current ratio	0.65	0.75	0.68	1.22	1.19	1.50
Quick ratio	0.65	0.75	0.68	1.21	1.19	1.49
Cash ratio	0.20	0.31	0.30	0.41	0.53	0.70
Leverage
Debt / Equity	0.53	1.34	0.90	1.27	1.36	1.26
Debt / Assets	0.26	0.43	0.36	0.41	0.44	0.43
Debt / EBITDA	7.45	10.22	10.31	17.71	9.14	6.58
Interest coverage	1.1x	1.2x	1.1x	-0.6x	0.3x	1.0x
Equity multiplier	2.07	3.14	2.49	3.09	3.07	2.93
Liabilities / Assets	0.50	0.68	0.59	0.68	0.67	0.66
Efficiency
Asset turnover	0.40	0.41	0.34	0.39	0.33	0.35
Inventory turnover	-	-	-	115.58	140.24	71.25
Days sales outstanding	43d	50d	62d	67d	73d	70d
Days inventory outstanding	-	-	-	3d	3d	5d
Days payable outstanding	62d	43d	49d	35d	40d	42d
Cash conversion cycle	-	-	-	35d	35d	34d
Valuation
P / E	-	-	-	-	-	-
P / B	-	-	-	-	-	-
P / S	-	-	-	-	-	-
EV / EBITDA	-	-	-	-	-	-
Growth
Revenue growth (YoY)	-7.9%	-18.9%	-11.9%	4.7%	-0.1%	0.0%
Revenue CAGR (3y)	-13.0%	-9.2%	-2.7%	1.5%	-0.2%	2.2%
Revenue CAGR (5y)	-7.2%	-5.7%	-1.7%	2.2%	3.7%	8.5%
Gross profit growth (YoY)	-0.8%	-19.5%	-11.5%	8.5%	-3.0%	1.6%
Operating income growth (YoY)	-26.5%	-15.1%	-	-	-62.5%	152.3%
Net income growth (YoY)	-	-90.0%	-	-5.9%	-1112.0%	89.2%
EPS growth (YoY)	-	-90.5%	-	-5.8%	-1200.0%	88.9%
EPS CAGR (3y)	-	-	-	-	-	-
EPS CAGR (5y)	-	-	-	-	-	-
FCF growth (YoY)	-1.1%	-45.9%	-9.7%	24.8%	-37.9%	18.9%
FCF CAGR (5y)	-17.9%	-14.8%	3.7%	3.1%	-5.0%	9.6%
Book value growth (YoY)	42.9%	-46.9%	25.5%	-11.1%	0.0%	-14.7%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2021-09-30.

Business segments

$1.36B total

Health Care Segment$806.08M · 59.2%

Enterprise Segment$535.38M · 39.3%

Other Mobile Businesses$20.91M · 1.5%

Geographic

$1.36B total

US$1.09B · 80.1%

International$271.78M · 19.9%

Stability scores

Altman Z′

FY 2021 · bankruptcy risk

0.74

Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2021 · 9-point quality

5/9

Neutral

✗Net income positive
✓Operating cash flow positive
✗ROA improved YoY
✓Cash flow > net income
✓Long-term debt decreased
✗Current ratio improved
✓No share dilution
✓Gross margin improved
✗Asset turnover improved

Peer comparison

Same SIC group: Services-Prepackaged Software

Company	Revenue (last FY)	Net margin	ROE
TEAM	$5.22B	-4.9%	-19.1%
CRM	$37.90B	16.4%	10.5%
NOW	$13.28B	13.2%	13.5%
FRSH	$838.81M	21.9%	17.8%
DDOG	$3.43B	3.1%	2.9%

Comparing Nuance Communications against the 5 most active filers in the same SIC group.