greeksoup/ stock research
Stock research / United States / SAIC / Q3 FY2024

Science Applications International (SAIC) Q3 FY2024 earnings: revenue $1.9 billion, down 0.7% on the year

Science Applications International Corp. (SAIC) reported revenue of $1.9 billion for Q3 FY2024, the quarter ended 3 November 2023, down 0.7% on the same quarter a year earlier. Net income was $93 million, up 16.2% on the year, and diluted earnings per share $1.76. The figures are the company's own, from the 10-Q it filed with the SEC on 4 December 2023.

Revenue$1.9 billiondown 0.7%
Net income$93 millionup 16.2%
Diluted EPS$1.76
QuarterQ3 FY2024ended 3 November 2023

The quarter, against the one before and a year earlier

LineQ3 FY2024Quarter beforeA year earlierChange on the year
Revenue1,895n/an/an/a
Cost of revenue1,666n/an/an/a
Gross profit229n/an/an/a
Gross margin12.1%n/an/a
Selling, general and administrative87.0n/an/an/a
Operating income143n/an/an/a
Operating margin7.5%n/an/a
Interest expense27.0n/an/an/a
Pre-tax income114n/an/an/a
Income tax21.0n/an/an/a
Effective tax rate18.4%n/an/a
Net income93.0n/an/an/a
Net margin4.9%n/an/a
Diluted EPS$1.76n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

LineQ3 FY2024Quarter beforeA year earlierChange on the year
Operating cash flow101n/an/an/a
Capital expenditure4.0n/an/an/a
Free cash flow97.0n/an/an/a
Free cash flow margin5.1%n/an/a
Cash from investing-10.0n/an/an/a
Cash from financing-132n/an/an/a
Depreciation and amortisation34.0n/an/an/a
Share-based compensation15.0n/an/an/a
Buybacks103n/an/an/a
Dividends paid19.0n/an/an/a
Dividend per share$0.37n/an/an/a
Diluted shares, weighted53mn/an/an/a
Shares outstanding at period end52mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2024Quarter beforeA year earlierChange on the year
Shareholders' equity1,828n/an/an/a
Non-controlling interest0.0n/an/an/a
Debt2,263n/an/an/a
Operating lease liabilities132n/an/an/a
Other liabilities1,435n/an/an/a
Total liabilities and equity5,658n/an/an/a
Fixed assets89.0n/an/an/a
Goodwill2,851n/an/an/a
Intangible assets923n/an/an/a
Investments29.0n/an/an/a
Cash and equivalents311n/an/an/a
Receivables1,010n/an/an/a
Other assets445n/an/an/a
Total assets5,658n/an/an/a

Quarterly results, the last 12 quarters

Q3 FY2024 †Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *Q1 FY2027Q2 FY2027
Revenue1,8951,7371,8471,8181,9761,8381,8771,7691,8661,7501,9061,880
Cost of revenue1,6661,5451,6341,6081,7391,6061,6681,5541,6391,5291,6571,641
Gross profit229192213210237232209215227221249239
Gross margin12%11%12%12%12%13%11%12%12%13%13%13%
SG&A87.011485.077.083.094.089.075.010185.083.087.0
Operating income14379.0131134160138121139128133179152
Operating margin8%5%7%7%8%8%6%8%7%8%9%8%
Interest expense27.0n/a34.031.032.0n/an/an/an/an/an/an/a
Pre-tax income11448.095.010012610786.010894.099.0145119
Tax rate18%19%19%19%16%8%21%-18%17%14%21%14%
Net income93.039.077.081.010698.068.012778.085.0115102
Net margin5%2%4%4%5%5%4%7%4%5%6%5%
Diluted EPS$1.76$0.74$1.48$1.58$2.13$2.00$1.42$2.71$1.69$1.87$2.61$2.38
Operating cash flow10163.098.0138143115100122129258127146
Capital expenditure4.011.06.06.09.015.08.07.09.08.09.015.0
Free cash flow97.052.092.013213410092.0115120250118131
Buybacks10389.010320112113314211095.098.018898.0
Dividends paid19.019.020.019.018.018.019.017.017.017.017.016.0
Shares outstanding52m52m51m50m49m48m47m46m45m44m43m42m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 3 November 2023, filed 4 December 2023, accession 0001571123-23-000135: the filing on EDGAR. All of Science Applications International Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install