SS&C Technologies Holdings Inc

Listed Company

SSNCCIK 0001402436NasdaqLarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$6.27B

Net Income

$796.90M

Total Assets

$20.71B

Equity

$6.89B

Shares Out

240.83M

Op. Cash Flow

$1.74B

Business

SS&C Technologies Holdings Inc provides software and software-enabled services that administer and automate complex operations for financial services and healthcare clients, and acts as a large fund administrator and mutual fund transfer agent. Its offerings include portfolio and fund accounting, front-to-back office operations, performance and risk analytics, regulatory reporting, trading/order management, virtual data rooms, CRM, claims processing, population health analytics and intelligent automation. Key business segments include SS&C GlobeOp, Global Investor and Distribution Solutions (GIDS), Retirement Solutions, SS&C Health, Blue Prism/automation, Intralinks and data/managed services. SS&C sells and delivers solutions globally through on-premise deployments, hosted and multi-tenant private cloud offerings, SaaS, professional services and a direct sales organization.

Summary from filing dated 2025-03-03

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	6,272	5,882	5,503	5,283	5,051
Total cost of revenues	3,251	3,018	2,851	2,768	2,642
Gross profit	3,022	2,864	2,652	2,515	2,409
Selling and marketing	625	584	551	500	394
Research and development	508	518	474	447	415
General and administrative	452	418	418	425	358
Total operating expenses	1,585	1,520	1,443	1,372	1,167
Operating income	1,437	1,344	1,209	1,143	1,242
Interest income	8	11	7	4	4
Interest expense	−435	−463	−476	−312	−206
Other (expense) income, net	−23	9	21	21	18
Equity in earnings of unconsolidated affiliates, net	−9	24	100	26	25
Loss on extinguishment of debt, net	−3	−31	−2	−6	−11
Income before income taxes	975	894	858	876	1,037
Provision for income taxes (Note 17)	176	132	249	227	236
Net income	799	762	609	649	801
Net (income) loss attributable to noncontrolling interest	−2	−1	−2	1	−600,000
Net income attributable to SS&C common stockholders	797	761	607	650	800
Basic earnings per share attributable to SS&C common stockholders	3.26	3.09	2.45	2.56	3.13
Diluted earnings per share attributable to SS&C common stockholders	3.15	3	2.39	2.48	2.99
Basic weighted-average number of common shares outstanding	244	246	248	254	256
Diluted weighted-average number of common and common equivalent shares outstanding	253	254	255	262	267
Defined benefit pension adjustment	−9	200,000	−700,000	−1	−3
Foreign currency exchange translation adjustment	256	−115	125	−312	45
Total other comprehensive income (loss), net of tax	247	−115	124	−308	41
Comprehensive income	1,046	647	732	341	760
Comprehensive income attributable to noncontrolling interest	−2	−1	−2	1	−600,000
Comprehensive income attributable to SS&C common stockholders	1,044	646	731	342	759

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	462	567	432	440	564
Funds receivable and funds held on behalf of clients	3,800	3,162	2,616	966	2,756
Accounts receivable, net of allowance for credit losses of $34.9 and $31.6, respectively (Note 3)	979	902	799	779	713
Contract asset	49	48	36	42	27
Prepaid expenses and other current assets	194	180	166	194	188
Restricted cash and cash equivalents	5	4	2	3	4
Total current assets	5,488	4,862	4,052	2,424	4,252
Property, plant and equipment, net (Note 4)	290	300	315	344	382
Operating lease right-of-use assets (Note 5)	233	191	221	261	291
Investments (Note 6)	174	177	185	194	173
Unconsolidated affiliates (Note 7)	308	328	345	267	306
Contract asset	133	110	100	116	78
Goodwill (Note 9)	9,991	9,218	8,970	8,863	8,046
Intangible and other assets, net of accumulated amortization of $5,5330 and $4,646.6, respectively (Note 9)	4,095	3,858	3,915	4,185	3,805
Total assets	20,712	19,045	18,103	16,653	17,333
Current portion of long-term debt (Note 10)	25	20	52	56	47
Client funds obligations	3,800	3,162	2,616	966	2,756
Accounts payable	87	70	80	50	29
Income taxes payable	23	23	22	34	26
Accrued employee compensation and benefits	349	312	270	236	322
Interest payable	32	32	29	28	28
Other accrued expenses	303	250	232	356	310
Deferred revenues	492	486	470	465	334
Total current liabilities	5,111	4,354	3,772	2,191	3,851
Long-term debt, net of current portion (Note 10)	7,408	6,990	6,669	7,024	5,902
Operating lease liabilities (Note 5)	213	175	199	237	268
Other long-term liabilities	190	191	249	226	254
Deferred income taxes	847	726	817	873	835
Total liabilities	13,770	12,436	11,705	10,550	11,110
Commitments and contingencies (Note 18)	—	—	—	—	—
Preferred stock, $0.01 par value per share, 5.0 million shares authorized; no shares issued	0	0	0	0	0
Additional paid-in capital	6,507	5,902	5,371	5,112	4,896
Accumulated other comprehensive loss	−294	−541	−426	−550	−242
Retained earnings	4,179	3,642	3,126	2,740	2,293
Cost of common stock in treasury, 52.2 and 39.9 million shares, respectively	−3,508	−2,470	−1,734	−1,260	−784
Total SS&C stockholders' equity	6,888	6,535	6,340	6,044	6,165
Noncontrolling interest (Note 12)	54	74	58	57	58
Total equity	6,942	6,609	6,398	6,101	6,223
Total liabilities and equity	20,712	19,045	18,103	16,653	17,333

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	704	680	670	672	667
Distributions received from unconsolidated affiliates	3	13	21	2	10
Stock-based compensation expense	258	203	160	125	114
Unrealized net losses (gains) on investments	3	−2	−2	—	—
Amortization and write-offs of loan origination costs and original issue discounts	7	8	14	14	13
Loss on extinguishment of debt, net	3	31	2	6	11
Loss on sale or disposition of property and equipment	35	2	12	600,000	1
Deferred income taxes	−17	−115	−83	−77	−88
Provision for credit losses	19	15	11	11	8
Accounts receivable	−46	−119	−23	−38	−72
Prepaid expenses and other assets	−7	−21	−2	18	50
Contract assets	−20	−25	23	−52	−4
Accounts payable	14	−11	33	8	600,000
Accrued expenses and other liabilities	10	−17	−106	−136	2
Income taxes prepaid and payable	−15	−14	−38	27	3
Deferred revenue	−14	21	16	−42	−40
Net cash provided by operating activities	1,745	1,389	1,215	1,134	1,429
Business acquisitions, net of cash acquired	−1,052	−647	−34	−1,636	7
Additions to property and equipment	−81	−61	−57	−63	−51
Proceeds from sale of property and equipment	18	5	100,000	11	5
Additions to capitalized software	−222	−194	−195	−145	−85
Investments in securities	−3	−100,000	−600,000	−10	−20
Proceeds from sales / maturities of investments	800,000	7	8	10	51
Distributions received from (contributions to) unconsolidated affiliates	21	25	−300,000	66	−66
Collection of other non-current receivables	11	10	10	10	11
Net cash used in investing activities	−1,308	−856	−268	−1,758	−148
Cash received from debt borrowings, net of original issue discount	1,187	5,545	375	1,727	370
Repayments of debt	−765	−5,255	−750	−600	−890
Payment of deferred financing fees	−8	−39	0	−15	0
Net increase in client funds obligations	308	236	1,670	−1,709	1,481
Proceeds from exercise of stock options	426	355	115	92	198
Withholding taxes paid related to equity award net share settlement	−79	−26	−5	−700,000	−7
Purchases of common stock for treasury	−1,036	−738	−472	−476	−488
Dividends paid on common stock	−254	−245	−221	−203	−174
(Distributions to) proceeds from noncontrolling interests	−22	15	0	—	—
Net cash (used in) provided by financing activities	−244	−152	713	−1,185	557
Effect of exchange rate changes on cash, cash equivalents and restricted cash	10	−9	2	−26	−4
Net increase in cash, cash equivalents and restricted cash	203	372	1,661	−1,834	1,834
Interest	428	452	462	298	193
Income taxes, net of refunds	219	286	349	281	310

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