CSG SYSTEMS INTERNATIONAL INC

Listed Company

CSGSCIK 0001005757NasdaqLarge AcceleratedServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.22B

Net Income

$55.88M

Total Assets

—

Equity

—

Shares Out

28.51M

Op. Cash Flow

$155.94M

Business

CSG SYSTEMS INTERNATIONAL INC is a purpose-driven SaaS platform company that provides customer engagement, revenue management, and monetization solutions for businesses across multiple industries. It offers integrated, cloud-first platforms and modules for revenue management and digital monetization, transformational customer experience orchestration, end-to-end payments, technology innovation, operations, and professional services. Key business solutions include revenue management and digital monetization, customer journey orchestration, payments, R&D-driven platform development, and managed operations/services. CSG serves global customers across telecom, media, retail, healthcare, financial services, government, and other industry verticals through direct account teams and partner channels.

Summary from filing dated 2025-02-20

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
Revenue	1,223	1,197	1,169	1,090	1,046
Cost of revenue (exclusive of depreciation, shown separately below)	624	614	615	565	543
Research and development	162	158	143	138	135
Selling, general and administrative	281	258	248	238	215
Depreciation	18	22	23	24	25
Restructuring and reorganization charges	20	13	16	46	5
Total operating expenses	1,105	1,066	1,045	1,011	922
Operating income	119	131	124	79	124
Interest expense	−29	−30	−31	−16	−15
Interest income	5	9	4	877,000	365,000
Loss on debt extinguishment	−453,000	0	0	—	—
Other, net	−4	3	−5	5	−6
Total other	−28	−19	−32	−18	−23
Income before income taxes	91	112	92	61	101
Income tax provision	−35	−25	−26	−17	−29
Net income	56	87	66	44	72
Basic (shares)	28	28	30	31	32
Diluted (shares)	28	29	30	31	32
Basic (per share)	2.02	3.06	2.21	1.42	2.28
Diluted (per share)	1.98	3.03	2.2	1.41	2.26

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	180	162	186	150	206
Settlement and merchant reserve assets	350	343	275	239	186
Billed, net of allowance of $3,277 and $3,041	300	267	268	274	244
Unbilled	68	80	82	53	36
Income taxes receivable	3	3	1	1	6
Other current assets	36	46	50	49	42
Total current assets	938	901	862	766	748
Property and equipment, net of depreciation of $122,947 and $133,514	43	57	66	72	74
Operating lease right-of-use assets	16	24	34	50	86
Goodwill	325	316	309	304	321
Customer contract costs, net of amortization of $50,245 and $44,587	72	61	54	55	47
Deferred income taxes	84	73	58	26	9
Other assets	20	10	10	8	16
Total non-current assets	607	600	581	583	639
Total assets	1,545	1,501	1,443	1,349	1,387
Current portion of long-term debt	0	8	8	38	238
Operating lease liabilities	5	11	16	21	23
Customer deposits	48	41	41	40	44
Trade accounts payable	45	36	46	48	35
Accrued employee compensation	81	68	84	68	91
Settlement and merchant reserve liabilities	348	342	274	238	185
Deferred revenue	51	54	54	46	54
Income taxes payable	1	8	4	5	398,000
Other current liabilities	72	47	33	23	25
Total current liabilities	651	615	561	527	695
Long-term debt, net of unamortized discounts of $10,548 and $12,128	539	531	535	375	137
Operating lease liabilities	21	25	34	53	70
Deferred revenue	29	26	23	22	20
Income taxes payable	2	3	3	3	4
Deferred income taxes	0	94,000	123,000	117,000	8
Other non-current liabilities	18	18	13	12	13
Total non-current liabilities	610	603	609	466	252
Total liabilities	1,261	1,218	1,170	993	947
Preferred stock, par value $.01 per share; 10,000 shares authorized; zero shares issued and outstanding	0	0	0	0	0
Common stock, par value $.01 per share; 100,000 shares authorized; 4,009 and 5,513 shares reserved for employee stock purchase plan and stock incentive plans; 28,370 and 28,854 shares outstanding	721,000	718,000	713,000	708,000	705,000
Additional paid-in capital	533	518	491	495	488
Treasury stock, at cost; 42,371 and 41,583 shares	−1,244	−1,194	−1,136	−1,018	−930
Cumulative foreign currency translation adjustments	−45	−62	−50	−59	−38
Accumulated earnings	1,039	1,020	968	936	916
Total stockholders' equity	284	283	273	355	440
Total liabilities and stockholders' equity	1,545	1,501	1,443	1,349	1,387

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	19	22	24	28	25
Amortization	53	50	48	49	48
Asset impairments	251,000	717,000	2	32	1
Gain on lease modifications	0	−200,000	−4	0	0
(Gain) loss on unrealized foreign currency transactions and other, net	655,000	−525,000	225,000	—	—
Deferred income taxes	−9	−17	−24	−28	2
Stock-based compensation	45	34	29	27	21
Trade accounts receivable, net	−25	4	−22	−51	−10
Other current and non-current assets and liabilities	−15	−13	−7	−13	−2
Income taxes payable/receivable	−8	2	−2	9	−10
Trade accounts payable and accrued liabilities	41	−38	13	−37	−16
Deferred revenue	−4	5	9	−5	−996,000
Net cash provided by operating activities	156	136	132	64	140
Purchases of software, property and equipment	−15	−22	−28	−37	−27
Proceeds from sale of software, property, and equipment	412,000	0	0	—	—
Proceeds from sale/maturity of short-term investments	0	0	71,000	28	91
Business combinations, net of cash and settlement assets acquired of $46,432 in 2024	0	17	0	0	−64
Net cash used in investing activities	−14	−5	−28	−9	−67
Proceeds from issuance of common stock	2	3	3	3	3
Payments of cash dividends	−37	−27	−34	−33	−33
Repurchases of common stock	−83	−68	−127	−97	−42
Deferred acquisition payments	−314,000	−2	−3	−2	0
Proceeds from long-term debt	151	15	470	290	150
Payments on long-term debt	−151	−23	−328	−265	−128
Purchase of capped call transactions related to convertible notes	0	0	−34	0	0
Payments of debt financing costs	−2	0	−15	—	—
Payments on financing obligations	−6	−3	0	0	−3
Settlement and merchant reserve activity	6	24	36	53	20
Net cash used in financing activities	−121	−80	−31	−52	−33
Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash	5	−8	2	−6	−3
Net increase in cash, cash equivalents, and restricted cash	25	43	75	−3	37
Interest	25	27	25	18	13
Income taxes	52	40	52	35	37
Software, property, and equipment included in current and non-current liabilities	11	8	0	0	—

Filings

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