Donnelley Financial Solutions, Inc.

Listed Company

DFINCIK 0001669811NYSELarge AcceleratedServices-Miscellaneous Business ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$767.00M

Net Income

$32.40M

Total Assets

$800.40M

Equity

$379.20M

Shares Out

25.62M

Op. Cash Flow

$164.90M

Business

Donnelley Financial Solutions, Inc. provides software and technology-enabled financial regulatory and compliance solutions to public and private companies, mutual funds and other regulated investment firms. The Company offers software products (ActiveDisclosure, Arc Suite and Venue), tech-enabled services for document composition and SEC EDGAR filing, and print, distribution and proxy services. It operates four reportable segments: Capital Markets – Software Solutions (CM-SS), Capital Markets – Compliance & Communications Management (CM-CCM), Investment Companies – Software Solutions (IC-SS) and Investment Companies – Compliance & Communications Management (IC-CCM). DFIN serves clients primarily in North America, Europe and Asia and distributes products electronically, by mail and direct shipment, as well as through retail channels.

Summary from filing dated 2025-02-18

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 net sales	767	782	797	834	993
Total cost of sales	280	298	333	370	413
Selling, general and administrative expenses	278	291	282	264	308
Depreciation and amortization	59	60	57	46	40
Restructuring, impairment and other charges, net	10	7	10	8	14
Other operating (income) loss, net	−2	−10	5	400,000	−700,000
Income from operations	141	137	110	145	219
Interest expense, net	13	13	16	9	27
Pension plan settlement charge	83	0	0	—	—
Investment and other loss (income), net	2	−1	−8	−4	−5
Earnings before income taxes	43	125	102	139	198
Income tax expense	11	33	20	37	52
Net earnings	32	92	82	103	146
Basic (per share)	1.18	3.16	2.81	3.33	4.36
Diluted (per share)	1.15	3.06	2.69	3.17	4.14
Basic (shares)	28	29	29	31	34
Diluted (shares)	28	30	31	32	35

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	25	57	23	34	55
Receivables, less allowances for expected losses of $20.9 in 2025 (2024 - $25.0)	143	138	152	164	199
Prepaid expenses and other current assets	44	37	31	28	24
Total current assets	211	233	209	228	280
Property, plant and equipment, net	9	9	14	18	19
Operating lease right-of-use assets	8	12	16	33	43
Software, net	93	97	88	76	64
Goodwill	406	405	406	406	410
Deferred income taxes, net	44	56	46	33	32
Other noncurrent assets	30	30	29	26	28
Total assets	800	842	807	828	883
Accounts payable	24	29	34	49	36
Current portion of long-term debt	6	0	—	—	—
Operating lease liabilities	4	10	14	16	18
Accrued liabilities	167	185	154	159	207
Total current liabilities	200	224	202	225	261
Long-term debt	166	125	125	169	124
Deferred compensation liabilities	13	12	13	14	20
Pension and other postretirement benefits plans liabilities	24	23	34	43	41
Noncurrent operating lease liabilities	3	6	12	28	39
Other noncurrent liabilities	16	15	19	20	21
Total liabilities	421	406	405	499	506
Commitments and Contingencies (Note 8)	—	—	—	—	—
Preferred stock, $0.01 par value Authorized: 1.0 shares; Issued: None	0	0	0	0	0
Common stock, $0.01 par value Authorized: 65.0 shares; Issued and outstanding: 39.6 shares and 25.6 shares in 2025 (2024 - 38.9 shares and 28.7 shares)	400,000	400,000	400,000	400,000	400,000
Treasury stock, at cost: 14.0 shares in 2025 (2024 - 10.2 shares)	−530	−344	−262	−222	−57
Additional paid-in capital	368	333	306	280	261
Retained earnings	561	529	436	354	251
Accumulated other comprehensive loss	−20	−82	−78	−83	−78
Total equity	379	436	402	330	377
Total liabilities and equity	800	842	807	828	883

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
Provision for expected losses on accounts receivable	11	18	14	8	3
Impairment charges	4	600,000	100,000	100,000	9
Share-based compensation expense	31	25	23	19	20
Deferred income taxes	−10	−9	−15	−500,000	−300,000
Gain on sales of long-lived assets	−500,000	−10	−800,000	−200,000	−700,000
Gain on sales of investments in equity securities	−100,000	−200,000	−7	0	0
(Gain) loss on sale of a business	0	−400,000	6	700,000	0
Amortization of operating lease right-of-use assets	7	9	15	16	—
Other	900,000	1	900,000	1	800,000
Receivables, net	−15	−4	−2	24	−29
Prepaid expenses and other current assets	−2	−6	2	−3	−6
Accounts payable	−4	−6	−15	12	−20
Income taxes payable and receivable	−3	−500,000	−4	−2	−14
Accrued liabilities and other	−6	17	−14	−54	37
Operating lease liabilities	−10	−14	−16	−19	−21
Pension and other postretirement benefits plans contributions	−13	−2	−2	−2	−1
Net cash provided by operating activities	165	171	124	150	180
Capital expenditures	−57	−66	−62	−54	−42
Proceeds from sales of investments in equity securities	100,000	200,000	10	0	0
Proceeds from sale of long-lived assets	0	12	0	0	900,000
Proceeds from sale of a business	0	0	500,000	3	0
Net cash used in investing activities	−57	−53	−51	−51	−45
Revolving facility borrowings	310	160	302	346	278
Payments on revolving facility borrowings	−249	−160	−347	−301	−278
Payments on long-term debt	−129	0	0	0	−313
Proceeds from issuance of long-term debt	115	0	0	0	200
Debt issuance costs	−2	0	0	0	−3
Treasury share repurchases	−185	−82	−40	−165	−41
Cash received for common stock issuances	2	2	3	400,000	2
Finance lease payments	−3	−3	−2	−2	−800,000
Net cash used in financing activities	−142	−82	−85	−121	−155
Effect of exchange rate on cash and cash equivalents	1	−2	800,000	2	800,000
Net (decrease) increase in cash and cash equivalents	−33	34	−11	−20	−19
Income taxes paid (net of refunds)	25	41	38	38	65
Interest paid	12	13	17	8	22
Capitalized software included in accounts payable	5	600,000	100,000	2	2
Non-cash consideration from sale of investment in an equity security (Note 1)	0	0	3	0	0

Filings

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