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.
Income Statement
| Line item | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 | Q2 '19 | Q1 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $321.44M | $336.58M | $346.98M | $345.75M | $338.40M | $369.34M | $418.23M | $449.20M | $409.58M | $493.65M |
| Cost of Revenue | $139.88M | $129.93M | $126.64M | $131.78M | $144.18M | $157.09M | $184.39M | $190.69M | $181.59M | $213.44M |
| Gross Profit | $181.56M | $206.65M | $220.34M | $213.97M | $194.22M | $212.24M | $233.84M | $258.51M | $227.99M | $280.22M |
| R&D | $68.17M | $63.70M | $59.50M | $56.46M | $55.24M | $57.91M | $56.55M | $67.60M | $65.85M | $68.33M |
| SG&A | $35.52M | $36.40M | $35.75M | $41.15M | $37.66M | $38.38M | $38.31M | $46.42M | $40.42M | $44.05M |
| Total Operating Expenses | $204.19M | $201.82M | $180.49M | $182.43M | $171.78M | $187.14M | $181.74M | $220.02M | $222.68M | $230.63M |
| D&A | $6.75M | $10.71M | $10.75M | $10.53M | $13.36M | $11.82M | $12.55M | - | - | $42.55M |
| Operating Income | ($22.64M) | $4.83M | $39.85M | $31.55M | $22.44M | $25.11M | $52.11M | $38.49M | $5.31M | $49.59M |
| Interest Expense | $12.66M | $18.64M | $23.05M | $23.01M | $23.68M | $23.63M | $23.82M | $28.36M | $31.15M | $32.27M |
| Income Tax | $23.55M | ($4.42M) | $4.82M | $2.30M | ($16.66M) | $14.81M | ($36.44M) | $7.79M | ($958.0K) | $986.0K |
| Net Income | ($57.56M) | ($26.27M) | ($3.63M) | $14.89M | $16.66M | ($13.51M) | $48.69M | $9.26M | $77.33M | $19.09M |
| EPS - Basic | ($0.18) | ($0.09) | ($0.01) | $0.05 | $0.06 | ($0.05) | $0.17 | $0.03 | $0.27 | $0.07 |
| EPS - Diluted | ($0.18) | ($0.09) | ($0.01) | $0.05 | $0.06 | ($0.05) | $0.17 | $0.03 | $0.27 | $0.07 |
Balance Sheet
| Line item | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 | Q2 '19 | Q1 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $91.95M | $187.31M | $342.85M | $299.45M | $301.23M | $397.91M | $301.46M | $560.96M | $474.78M | $293.25M |
| Accounts Receivable | $180.17M | $162.29M | $187.65M | $216.45M | $200.58M | $222.47M | $262.41M | $308.60M | $292.57M | $337.83M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $75.33M | $90.12M | $77.16M | $81.46M | $75.12M | $75.64M | $86.33M | $104.86M | $83.30M | $90.01M |
| Current Assets | $475.80M | $603.54M | $782.63M | $784.20M | $735.99M | $892.25M | $910.24M | $1.26B | $1.08B | $1.36B |
| Total Assets | $3.24B | $3.39B | $3.59B | $3.65B | $3.59B | $3.76B | $3.79B | $5.37B | $5.13B | $5.45B |
| Current Liabilities | $841.16M | $928.35M | $1.59B | $1.60B | $986.14M | $767.35M | $534.25M | $1.85B | $607.76M | $698.68M |
| Long-term Debt | $843.85M | $867.92M | $1.56B | $1.55B | $1.54B | $1.74B | $1.65B | $1.94B | $1.91B | $2.20B |
| Total Liabilities | $1.62B | $1.71B | $2.37B | $2.44B | $2.45B | $2.64B | $2.55B | $3.19B | $3.09B | $3.51B |
| Stockholders' Equity | $1.57B | $1.63B | $1.11B | - | $1.14B | $1.12B | $1.24B | $2.16B | $2.04B | $1.94B |
| Retained Earnings | ($356.50M) | ($298.94M) | ($260.95M) | ($257.32M) | ($272.22M) | ($258.44M) | ($244.93M) | ($293.61M) | ($411.00M) | ($488.33M) |
Cash Flow
| Line item | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 | Q2 '19 | Q1 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $13.85M | - | - | $61.19M | - | - | $53.55M | - | - | $99.89M |
| Investing Cash Flow | $4.60M | - | - | ($21.98M) | - | - | ($17.04M) | - | - | ($15.49M) |
| Financing Cash Flow | ($111.49M) | - | - | ($43.73M) | - | - | ($297.54M) | - | - | ($107.50M) |
| CapEx | $12.39M | - | - | $17.40M | - | - | $14.20M | - | - | $12.22M |
| Free Cash Flow | $1.46M | - | - | $43.79M | - | - | $39.35M | - | - | $87.67M |
Ratios
| Metric | Q1 '22 | Q3 '21 | Q2 '21 | Q1 '21 | Q3 '20 | Q2 '20 | Q1 '20 | Q3 '19 | Q2 '19 | Q1 '19 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 56.5% | 61.4% | 63.5% | 61.9% | 57.4% | 57.5% | 55.9% | 57.5% | 55.7% | 56.8% |
| Operating margin | -7.0% | 1.4% | 11.5% | 9.1% | 6.6% | 6.8% | 12.5% | 8.6% | 1.3% | 10.0% |
| EBITDA margin | -4.9% | 4.6% | 14.6% | 12.2% | 10.6% | 10.0% | 15.5% | - | - | 18.7% |
| Net margin | -17.9% | -7.8% | -1.0% | 4.3% | 4.9% | -3.7% | 11.6% | 2.1% | 18.9% | 3.9% |
| Free cash flow margin | 0.5% | - | - | 12.7% | - | - | 9.4% | - | - | 17.8% |
| FCF / Net income | -0.03 | - | - | 2.94 | - | - | 0.81 | - | - | 4.59 |
| R&D / Revenue | 21.2% | 18.9% | 17.1% | 16.3% | 16.3% | 15.7% | 13.5% | 15.0% | 16.1% | 13.8% |
| SG&A / Revenue | 11.0% | 10.8% | 10.3% | 11.9% | 11.1% | 10.4% | 9.2% | 10.3% | 9.9% | 8.9% |
| Effective tax rate | - | - | 405.6% | 13.4% | -833000.0% | 1139.2% | -297.6% | 45.7% | -1.3% | 4.9% |
| Return on assets | -1.8% | -0.8% | -0.1% | 0.4% | 0.5% | -0.4% | 1.3% | 0.2% | 1.5% | 0.4% |
| Return on equity | -3.7% | -1.6% | -0.3% | - | 1.5% | -1.2% | 3.9% | 0.4% | 3.8% | 1.0% |
| Return on invested capital | -0.7% | 0.2% | 0.7% | - | 0.8% | 0.4% | 1.8% | 0.5% | 0.1% | 1.1% |
| Liquidity | ||||||||||
| Current ratio | 0.57 | 0.65 | 0.49 | 0.49 | 0.75 | 1.16 | 1.70 | 0.68 | 1.79 | 1.95 |
| Quick ratio | 0.57 | 0.65 | 0.49 | 0.49 | 0.75 | 1.16 | 1.70 | 0.68 | 1.79 | 1.95 |
| Cash ratio | 0.11 | 0.20 | 0.22 | 0.19 | 0.31 | 0.52 | 0.56 | 0.30 | 0.78 | 0.42 |
| Leverage | ||||||||||
| Debt / Equity | 0.54 | 0.53 | 1.41 | - | 1.34 | 1.56 | 1.33 | 0.90 | 0.93 | 1.13 |
| Debt / Assets | 0.26 | 0.26 | 0.43 | 0.42 | 0.43 | 0.46 | 0.44 | 0.36 | 0.37 | 0.40 |
| Debt / EBITDA | - | 55.84 | 30.82 | 36.81 | 42.92 | 47.20 | 25.53 | - | - | 23.85 |
| Interest coverage | -1.8x | 0.3x | 1.7x | 1.4x | 0.9x | 1.1x | 2.2x | 1.4x | 0.2x | 1.5x |
| Equity multiplier | 2.06 | 2.07 | 3.24 | - | 3.14 | 3.37 | 3.05 | 2.49 | 2.51 | 2.81 |
| Liabilities / Assets | 0.50 | 0.50 | 0.66 | 0.67 | 0.68 | 0.70 | 0.67 | 0.59 | 0.60 | 0.64 |
| Efficiency | ||||||||||
| Asset turnover | 0.10 | 0.10 | 0.10 | 0.09 | 0.09 | 0.10 | 0.11 | 0.08 | 0.08 | 0.09 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 205d | 176d | 197d | 228d | 216d | 220d | 229d | 251d | 261d | 250d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 197d | 253d | 222d | 226d | 190d | 176d | 171d | 201d | 167d | 154d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -7.0% | -0.5% | -6.1% | -17.3% | -24.7% | -9.8% | -15.3% | -11.2% | -21.0% | -3.0% |
| Revenue CAGR (3y) | -13.3% | -12.7% | -12.5% | -12.1% | -11.9% | -10.3% | -5.5% | -2.5% | -5.6% | -0.1% |
| Revenue CAGR (5y) | -8.3% | -7.0% | -6.6% | -6.9% | -7.1% | -5.4% | -3.1% | -1.6% | -3.5% | 0.1% |
| Gross profit growth (YoY) | -15.1% | 6.4% | 3.8% | -8.5% | -24.9% | -6.9% | -16.5% | -10.7% | -20.1% | -0.1% |
| Operating income growth (YoY) | - | -78.5% | 58.7% | -39.5% | -41.7% | 372.9% | 5.1% | 34.6% | - | 463.1% |
| Net income growth (YoY) | - | - | 73.1% | -69.4% | 80.0% | - | 155.0% | - | - | -64.1% |
| EPS growth (YoY) | - | - | 80.0% | -70.6% | 100.0% | - | 142.9% | - | - | -61.1% |
| EPS CAGR (3y) | - | - | - | -34.8% | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | -96.7% | - | - | 11.3% | - | - | -55.1% | - | - | 19.2% |
| FCF CAGR (5y) | -58.2% | - | - | -18.3% | - | - | -13.0% | - | - | 6.5% |
| Book value growth (YoY) | - | 42.9% | -0.6% | - | -46.9% | -45.4% | -36.1% | 25.5% | 8.0% | -4.1% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-09-30.
Business segments
$1.36B totalHealth Care Segment$806.08M · 59.2%
Enterprise Segment$535.38M · 39.3%
Other Mobile Businesses$20.91M · 1.5%
Geographic
$1.36B totalUS$1.09B · 80.1%
International$271.78M · 19.9%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing Nuance Communications against the 5 most active filers in the same SIC group.