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Dec 31, 2020
SS&C Q4 2020 Earnings Report
SS&C's financial results demonstrated the resiliency of its business model, the stability of its client base, and the dedication of its workforce.
Key Takeaways
SS&C Technologies reported Q4 2020 GAAP revenue of $1,203.4 million, flat year-over-year, and GAAP EPS of $0.74, up 37.0%. Adjusted revenue was $1,206.1 million, down 0.5%, and adjusted EPS was $1.13, up 4.6%.
SS&C generated net cash from operating activities of $1,184.7 million for the twelve months ended December 31, 2020.
SS&C paid down $738.2 million in debt in 2020.
SS&C repurchased 3.7 million shares of common stock in 2020 for $227.7 million.
SS&C spent $471.0 million on research & development and capitalized software in 2020 and acquired three businesses for $138.9 million.
Revenue by Segment
Forward Guidance
SS&C provided guidance for Q1 2021 and FY 2021.
Positive Outlook
- Q1 2021 Adjusted Revenue: $1,158.0 – $1,198.0 million
- Q1 2021 Adjusted Net Income: $281.5 – $298.5 million
- Q1 2021 Adjusted Diluted Earnings per Share: $1.05 – $1.11
- FY 2021 Adjusted Revenue: $4,685.0 – $4,875.0 million
- FY 2021 Adjusted Net Income: $1,185.0 – $1,270.0 million
Challenges Ahead
- FY 2021 Adjusted Diluted Earnings per Share: $4.36 – $4.64
- FY 2021 Cash from Operating Activities: $1,240.0 – $1,320.0 million
- FY 2021 Capital Expenditures: 2.6% – 3.0% of revenue
- Q1 2021 Diluted Shares: 269.0 – 270.0 million
- FY 2021 Diluted Shares: 271.5 – 274.0 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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