Term paper

On

Financial statement analysis

Of

ACI

Course code: FIN 221

Student Name: Md. Anim-Ul-Alam

ID No: 16301021

Presented to

Md. Nazmul Hasan

Associate Professor

Table of content
Contents

1
Introduction....................................................................................................................................3
BREAKING DOWN 'Financial Analysis'................................................................................3
Corporate Finance and Investment Finance.................................................................................3
Technical and Fundamental Analysis..........................................................................................3
Objective..........................................................................................................................................4
Company overview..........................................................................................................................4
The significant event........................................................................................................................4
Auditor report..................................................................................................................................5
Financial highlight.........................................................................................................................11
Horizontal analysis........................................................................................................................13
Income statement...........................................................................................................................13
Cash flow.......................................................................................................................................15
Conclusion........................................................................................................................................
..........16

2
Introduction:
Financial analysis is the process of evaluating businesses, projects, budgets and other finance-
related entities to determine their performance and suitability. Typically, financial analysis is
used to analyze whether an entity is stable, solvent, liquid or profitable enough to warrant a
monetary investment. When looking at a specific company, a financial analyst conducts analysis
by focusing on the income statement, balance sheet and cash flow statement.

BREAKING DOWN 'Financial Analysis'

Financial analysis is used to evaluate economic trends, set financial policy, build long-term plans
for business activity, and identify projects or companies for investment. This is done through the
synthesis of financial numbers and data.
One of the most common ways to analyze financial data is to calculate ratios from the data to
compare against those of other companies or against the company's own historical performance.
For example, return on assets (ROA) is a common ratio used to determine how efficient a
company is at using its assets and as a measure of profitability. This ratio could be calculated for
several similar companies and compared as part of a larger analysis.
Corporate Finance and Investment Finance
Financial analysis can be conducted in both corporate finance and investment finance settings. In
corporate finance, the analysis is conducted internally, using such ratios as net present value
(NPV) and internal rate of return (IRR) to find projects worth executing. A key area of corporate
financial analysis involves extrapolating a company's past performance, such as gross revenue or
profit margin, into an estimate of the company's future performance. This allows the business to
forecast budgets and make decisions based on past trends, such as inventory levels.

In investment finance, an outside financial analyst conducts financial analysis for investment
purposes. Analysts can either conduct a top-down or bottom-up investment approach. A top-
down approach first looks for macroeconomic opportunities, such as high-performing sectors,
and then drills down to find the best companies within that sector. A bottom-up approach, on the
other hand, looks at a specific company and conducts similar ratio analysis to corporate financial
analysis, looking at past performance and expected future performance as investment indicators.

Technical and Fundamental Analysis

There are two types of financial analysis: technical analysis and fundamental analysis. Technical
analysis looks at quantitative charts, such as moving averages, while fundamental analysis uses
ratios, such as a company's earnings per share (EPS).

For example, technical analysis was conducted on the GBP/USD exchange rate after the results
of the Brexit vote in June 2016. Looking at the exchange rate chart, it was determined that the
rate dropped significantly after the vote on June 23, 2016, and then it recovered over a 48-hour
period by 375 basis points (bps).

3
As an example of fundamental analysis, Discover Financial Services reported first-quarter 2016
results on July 19, 2016. The company had an EPS of $1.40, up from an EPS of $1.33 for the
same quarter in 2015, which was a good sign.

Objective:
There isn't just one best method for evaluating business performance. Every business may differ
slightly in operation, environment and methodology, which leaves many trial and error
opportunities. Financial statement analysis provides a primary foundation for evaluating business
performance and adapts to every business. All owners and managers should be skilled in
analyzing financial statements to understand the impact business decisions will have on the
organization

Company overview
ACI's mission is to achieve business excellence through quality by understanding, accepting,
meeting and exceeding customer expectations. ACI follows International Standards on Quality
Management System to ensure consistent quality of products and services to achieve customer
satisfaction. ACI also meets all national regulatory requirements relating to its current businesses
and ensures that current Good Manufacturing Practices (cGMP) as recommended by World
Health Organization is followed properly. ACI has been accepted as a Founding Member of the
Community of Global Growth Companies by the World Economic Forum which is the most
prestigious business networking organization

The significant event

ISO 9001 Quality Management System
ACI is the first company in Bangladesh to have obtained ISO 9001 Certification for Quality
Management System across all categories
World Economic Forum

ACI has been accepted as a Founding Member of the Community of Global Growth Companies
by the World Economic Forum which is the most prestigious business networking organisation
in the world.

20thJul, 2017
09.00 AM
Tata Tea Fest 2017
Venue: Hallroom-1, Top floor, ACI Centre, Tejgaon, Dhaka

12thApril, 2017
08.30 PM
ACI Crop Care Conclave of 2017
Venue: ACI Centre, Tejgaon Dhaka

09thMarch, 2017
08.00 AM
Inspiring Women Award 2017 powered by ACI Pure Spices

4
Venue: Hotel Le Méridien, Dhaka

09thMarch, 2017
04.30 AM
Freedom Women’s Carnival 2017
Venue: Kalabagan Field, Dhanmondi, Dhaka

16thFeb, 2017
01.00 AM
12th Bangladesh International Plastics, Printing & Packaging Industry Fair-2017
Venue: BICC, Agargaon, Sher-E-Bangla Nagar, Dhaka-1207

13thFeb, 2017
04.45 AM
ACI Pure Atta MatribhashayMaa
Venue: Hall Room-1, Top Floor, ACI Centre, 245 Tejgaon Industrial Area, Dhaka

To the Members of ACI Infocom Limited

Report on the Financial Statements:

We have audited the accompanying standalone financial statements of ACI Infocom Limited
(‘the Company'), which comprise the balance sheet as at 31 March 2016, the statement of profit
and loss and the cash flow statement for the year then ended, and a summary of significant
accounting policies and other explanatory information.

Auditor report:

#Management’s Responsibility for the Financial Statements:

The Company''''s Board of Directors is responsible for the matters stated in Section 134(5) of the
Companies Act, 2013 (‘the Act'''') with respect to the preparation and presentation of these
standalone financial statements that give a true and fair view of the financial position, financial
performance and cash flows of the Company in accordance with the accounting principles
generally accepted in India, including the Accounting Standards specified under Section 133 of
the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014. This responsibility also
includes maintenance of adequate accounting records in accordance with the provisions of the
Act for safeguarding the assets of the Company and for preventing and detecting frauds and
other irregularities; selection and application of appropriate accounting policies; making
judgments and estimates that are reasonable and prudent; and design, implementation and
maintenance of adequate internal financial controls, that were operating effectively for ensuring
the accuracy and completeness of the accounting records, relevant to the preparation and
presentation of the financial statements that give a true and fair view and are free from material
misstatement, whether due to fraud or error.

5
#Auditor’s Responsibility

Our responsibility is to express an opinion on these standalone financial statements based on our
audit. We have taken into account the provisions of the Act, the accounting and auditing
standards and matters which are required to be included in the audit report under the provisions
of the Act and the Rules made there under.

We conducted our audit in accordance with the Standards on Auditing specified under Section
143(10) of the Act. Those Standards require that we comply with ethical requirements and plan
and perform the audit to obtain reasonable assurance about whether the financial statements are
free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and the
disclosures in the financial statements. The procedures selected depend on the auditor''''s
judgment, including the assessment of the risks of material misstatement of the financial
statements, whether due to fraud or error. In making those risk assessments, the auditor considers
internal financial control relevant to the Company''''s preparation of the financial statements that
give a true and fair view in order to design audit procedures that are appropriate in the
circumstances, but not for the purpose of expressing an opinion on whether the Company has in
place an adequate internal financial controls system over financial reporting and the operating
effectiveness of such controls. An audit also includes evaluating the appropriateness of the
accounting policies used and the reasonableness of the accounting estimates made by the
Company''''s Directors, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our audit opinion on the standalone financial statements.

Opinion:
In our opinion and to the best of our information and according to the explanations given to us,
the aforesaid standalone financial statements give the information required by the Act in the
manner so required and give a true and fair view in conformity with the accounting principles
generally accepted in India, of the state of affairs of the Company as at 31 March 2016 and its
profit and its cash flows for the year ended on that date.

#Report on Other Legal and Regulatory Requirements:

1. As required by the Companies (Auditor''''s Report) Order, 2015 (‘the Order'''') issued by the
Central Government of India in terms of sub section (11) of section 143 of the Act, we give in
the Annexure A, a statement on the matters specified in the paragraph 3 and 4 of the Order, to
the extent applicable.

2. As required by Section 143 (3) of the Act, we report that:

a. We have sought and obtained all the information and explanations which to the best of our
knowledge and belief were necessary for the purposes of our audit.

6
b. In our opinion proper books of account as required by law have been kept by the Company so
far as it appears from our examination of those books;
c. The balance sheet, the statement of profit and loss and the cash flow statement dealt with by
this Report are in agreement with the books of account;
d. In our opinion, the aforesaid standalone financial statements comply with the Accounting
Standards specified under Section 133 of the Act, read with Rule 7 of the Companies (Accounts)
Rules, 2014;
e. On the basis of the written representations received from the directors as on 31 March 2016
taken on record by the Board of Directors, none of the directors is disqualified as on 31 March
2016 from being appointed as a director in terms of Section 164 (2) of the Act; and
f. Report on the Internal Financial Controls under Clause (1) of Sub-section 3 of section 143 of
the companies Act, 2013 (“the Act”)- refer to our separate report in Annexure B ;and
g. With respect to the other matters to be included in the Auditor''''s Report in accordance with
Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our
information and according to the explanations given to us :
i. The Company has disclosed the impact of pending litigations on its financial position in its
financial statements. ( refer note No. 21.3 )
ii. The Company has made provision, as required under the applicable law or accounting
standards, for material foreseeable losses, if any, on long-term contracts. The Company does not
have any derivative contract.
iii. There were no amounts which were required to be transferred to the Investor Education and
Protection Fund by the Company.

ANNEXURE A TO THE AUDITORS’ REPORT

The Annexure referred to in our Independent Auditors'''' Report to the members of the Company
on the standalone financial statements for the year ended 31 March 2016, we report that:
(i) (a) The Company has maintained proper records showing full particulars, including
quantitative details and situation of fixed assets.
(b) The Company has a regular programme of physical verification of its fixed assets by which
fixed assets are verified in a phased manner over a period of three years. In accordance with this
programme, certain fixed assets were verified during the year and no material discrepancies were
noticed on such verification. In our opinion, this periodicity of physical verification is reasonable
having regard to the size of the Company and the nature of its assets.
(c) According to the information and explanations given to us, the title deeds of immoveable
properties are held in the name of the company
(ii) According to the information and explanations given to us the Company has conducted
physical verification of inventory at reasonable intervals. . In our opinion no such material
discrepancies were noticed on physical verification by the management.
(iii) (a) The Company has not granted loans to parties covered in the register maintained under
section 189 of the Companies Act, 2013 (‘the Act'''').
Thus, paragraph (iii)(b) and 3 (c) of the Order is not applicable.
(iv) In our opinion and according to the information and explanations given to us, the Company
has complied with provision of section 185 and 186 of Act , with respect to the loan and
investment made.
(v) The Company has not accepted any deposits from the public.

7
(vi) We have broadly reviewed the cost records maintained by the company specified by the
Central Government under sub-section (1) of section 148 of the Companies Act and are of the
opinion that prima facie the prescribed cost records have been maintained.
(vii) (a) According to the information and explanations given to us and on the basis of our
examination of the records , the Company is regular in depositing undisputed statutory dues
including provident fund, income tax, service tax, cess and other material statutory dues with the
appropriate authorities. As explained to us, the Company did not have any dues on account of
sales tax, wealth tax, duty of customs, value added tax, employees'''' state insurance and duty of
excise.
According to the information and explanations given to us, no undisputed amounts payable in
respect of provident fund, income tax, service tax, cess and other material statutory dues were in
arrears as at 31 March 2016 for a period of more than six months from the date they became
payable except Provident fund of Rs.2100 and Service tax of Rs. 2520
(b) According to the information and explanations given to us, there are no material dues income
tax or sales tax or wealth tax or service tax or duty of customs or duty of excise or value added
tax or cess which have not been deposited with the appropriate authorities on account of any
dispute. However, according to information and explanations given to us, the following dues of
duty of customs have not been deposited by the Company on account of disputes:

Name of statute Nature of dues Period to which amt relates Amt (Rs.) Forum where dispute pending

C u s t o m A c tC u s t o m1 9 8 4 - 8 56,27,764T h e m a t t e r i s

1 9 6 2D u t y I n t e r e s t pending before competent authority

(viii) The Company did not have any outstanding dues to financial institutions, banks or
debenture holders during the year.

(ix) The company has not raised moneys by way of initial public offer or further public offer
(including debt instrument) and term loans during the year.
(x) According to the information and explanations given to us, no material fraud on or by the
Company has been noticed or reported during the course of our audit.
(xi) According to the information and explanations given to us and based on our examination of
the record of the Company, the managerial remuneration has been paid or provided in

8
accordance with the requisite approvals mandated by the provisions of section 197 read with
Schedule V to the Companies Act
(xii) In our opinion and according to the information and explanations given to us, the company
is not nidhi company. Accordingly paragraph 3(xii) of Order is not applicable.
(xiii) According to the information and explanations given to us and based on our examination of
the record of the Company, transactions with related parties are in compliance with sections 177
and 188 of Companies Act, 2013 where applicable and the details have been disclosed in the
Financial statements as required by the applicable accounting standards.
(xiv) The company has not made any preferential allotment or private placement of shares or
fully or partly convertible debentures during the year under review.
(xv) According to the information and explanations given to us and based on our examination of
the record of the Company, the company has not entered into any non-cash transactions with
directors or persons connected with him.
(xvi) The company is not required to be registered under section 45-IA of the Reserve Bank of
India Act, 1934.

ANNEXURE B TO THE AUDITORS’ REPORT

Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of the
Companies Act, 2013 (“the Act”)

We have audited the internal financial controls over financial reporting of ACI Infocom Limited
(‘the Company'''') as of 31-Mar-2016 in conjunction with our audit of the standalone financial
statements of the Company for the year ended on that date.

#Management’s Responsibility for Internal Financial Controls:

The Company's management is responsible for establishing and maintaining internal financial
controls. These responsibilities include the design, implementation and maintenance of adequate
internal financial controls that were operating effectively for ensuring the orderly and efficient
conduct of its business, including adherence to company''''s policies, the safeguarding of its
assets, the prevention and detection of frauds and errors, the accuracy and completeness of the
accounting records, and the timely preparation of reliable financial information, as required
under the Companies Act, 2013.

# Auditors’ Responsibility:
Our responsibility is to express an opinion on the Company's internal financial controls over
financial reporting based on our audit. We conducted our audit in accordance with the Guidance
Note on Audit of Internal Financial Controls Over Financial Reporting (the “Guidance Note”)
and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section
143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial
controls, both applicable to an audit of Internal Financial Controls and, both issued by the
Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that
we comply with ethical requirements and plan and perform the audit to obtain reasonable

9
assurance about whether adequate internal financial controls over financial reporting was
established and maintained and if such controls operated effectively in all material respects. Our
audit involves performing procedures to obtain audit evidence about the adequacy of the internal
financial controls system over financial reporting and their operating effectiveness. Our audit of
internal financial controls over financial reporting included obtaining an understanding of
internal financial controls over financial reporting, assessing the risk that a material weakness
exists, and testing and evaluating the design and operating effectiveness of internal control based
on the assessed risk. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud
or error. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion on the Company's internal financial controls system over
financial reporting.

Meaning of Internal Financial Controls over Financial Reporting A company's internal financial
control over financial reporting is a process designed to provide reasonable assurance regarding
the reliability of financial reporting and the preparation of financial statements for external
purposes in accordance with generally accepted accounting principles. A company's internal
financial control over financial reporting includes those policies and procedures that (1) pertain
to the maintenance of records that, in reasonable detail, accurately and fairly reflect the
transactions and dispositions of the assets of the company; (2)provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements in accordance
with generally accepted accounting principles, and that receipts and expenditures of the company
are being made only in accordance with authorizations of management and directors of the
company; and (3)provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use, or disposition of the company's assets that could have a material
effect on the financial statements.
# Inherent Limitations of Internal Financial Controls over Financial Reporting:
Because of the inherent limitations of internal financial controls over financial reporting,
including the possibility of collusion or improper management override of controls, material
misstatements due to error or fraud may occur and not be detected. Also, projections of any
evaluation of the internal financial controls over financial reporting to future periods are subject
to the risk that the internal financial control over financial reporting may become inadequate
because of changes in conditions, or that the degree of compliance with the policies or
procedures may deteriorate.

#Opinion: :
In our opinion, the Company has, in all material respects, an adequate internal financial controls
system over financial reporting and such internal financial controls over financial reporting were
operating effectively as at 31-Mar-2016.

>>For Anand Jain & Associate

Chartered Accountants

10
Firm''''s registration number: 105666W

Anand Raj Jain

Partner

Membership No.04205
Date: - 27/05/2016

>>Financial highlight:
ACI Worldwide, Inc. Reports Financial Results for the Quarter Ended June 30, 2011
OPERATING HIGHLIGHTS • Raised full year guidance outlook • Achieved total revenue
increase of $21.0 million, or 23%, over second quarter 2010 led by recurring revenue growth of
25% over prior-year quarter • Sales growth of 36% over second quarter 2010 driven by new
account sales and strong renewals • Strong Growth in Operating Income and Adjusted EBITDA
(NEW YORK — July 26, 2011) — ACI Worldwide, Inc. (NASDAQ:ACIW), a leading
international provider of payment systems, today announced financial results for the period
ended June 30, 2011. We will hold a conference call on July 26, 2011, at 8:30 a.m. EDT to
discuss this information. Interested persons may also access a real-time audio broadcast of the
teleconference at www.aciworldwide.com/investors. “The company is harvesting more of our
revenue from backlog as demonstrated by the rise in recurring revenue, thereby resulting in
larger and more predictable, ratable and consistent quarters. This consistency in recurring
revenue has also contributed to our decision to raise guidance. In addition to the superior
operational metrics attained, we achieved record sales bookings of approximately $270 million
in the first half of 2011. All of these accomplishments underscore ACI’s maturation as a
disciplined leader with strong business processes,” said Chief Executive Officer Philip Heasley.
News Release Quarter Ended $ MMs Quarter ended June 30, 2011 Better / (Worse) Quarter
ended June 30, 2010 Better / (Worse) Quarter ended June 30, 2010 Revenue $113.4 $21.0 23%
Operating Income $10.4 $6.0 136% Adjusted EBITDA $19.9 $7.1 55% FINANCIAL
SUMMARY Sales Sales bookings in the quarter totaled $147.0 million, which was an increase
of $39.0 million, or 36%, as compared to the June 2010 quarter. The stronger quarter was driven
by new account sales and strong renewals with both large financial institutions and processors in
Australia, Canada, India, United States and the United Kingdom. Notable changes in the mix of
sales compared to last year’s quarter included a rise of approximately $35 million and $18.5
million in term renewal and new account sales, respectively. Backlog As of June 30, 2011, our
estimated 60-month backlog was $1.640 billion, an increase of $74 million as compared to
$1.566 billion at December 31, 2010. The growth was primarily attributable to the impact of new
sales, the acquisition of ISD Corporation, and foreign exchange translation. As of June 30, 2011,
our 12-month backlog was $400 million, an increase of $19 million as compared to $381 million
for the quarter ended December 31, 2010. Revenue Revenue was $113.4 million in the quarter
ended June 30, 2011, an increase of $21.0 million, or 23%, over the prior-year quarter revenue.
The growth in 2011 revenue over the prior-year quarter includes higher recurring revenue with

11
an increase of $16.1 million, or 25%, over prior-year quarter resulting in $81.1 million in
recurring revenue for the quarter ended June 30, 2011. Operating Expenses Operating expenses
were $102.9 million in the June 2011 quarter compared to $88.1 million in the June 2010
quarter, an increase of $14.8 million, or 17%. Operating expense growth was led primarily by
increased sales & marketing and research & development expenses. Operating Income Operating
income was $10.4 million in the June 2011 quarter, an increase of approximately $6.0 million or
136%, as compared to operating income of $4.4 million in the June 2010 quarter. Adjusted
EBITDA Adjusted EBITDA rose to $19.9 million in the June 2011 quarter, an increase of $7.1
million, or 55%, as compared to Adjusted EBITDA of $12.8 million in the June 2010 quarter.
Liquidity We had $170.8 million in cash on hand as of June 30, 2011. As of June 30, 2011, we
also had $75.0 million in unused borrowings under our credit facility. Operating Free Cash Flow
Operating free cash flow (“OFCF”) for the quarter was $1.6 million, an increase of $1.8 million
over the June 2010 quarter. Other Income/Expense Other income for the quarter was $0.1
million, an improvement of $2.2 million compared to other expense of $2.1 million in the June
2010 quarter. The variance was led by a positive $2.0 million change in foreign exchange
translation. Taxes Income tax expense in the quarter was $0.7 million, or a 6.7% effective tax
rate, compared to $2.4 million in the prior-year quarter. The decrease in income tax expense is
primarily the result of a release of approximately $2.2 million of tax reserves. Net Income and
Diluted Earnings Per Share Net income for the quarter ended June 30, 2011 was $9.8 million,
compared to net loss of $0.1 million during the same period last year, an improvement of $9.9
million. Earnings per share for the quarter ended June 30, 2011 was $0.29 per diluted share
compared to $0.00 per diluted share during the same period last year. The improvement was
largely due to stronger operating income and a lower effective tax rate. Weighted Average
Shares Outstanding Total diluted weighted average shares outstanding were 34.3 million for the
quarter ended June 30, 2011 as compared to 33.5 million shares outstanding for the quarter
ended June 30, 2010. 2011 Guidance We are raising our annual guidance based upon what we
are seeing in our business markets to date. Hence, guidance for calendar year is as follows:
Revenue to achieve a range of $450-460 million, Operating Income of $65-69 million and
Adjusted EBITDA of $101-104 million. -EndAbout ACI Worldwide ACI Worldwide powers
electronic payments for more than 800 financial institutions, retailers and processors around the
world, with its broad and integrated suite of electronic payment software. More than 90 billion
times each year, ACI’s solutions process consumer payments. On an average day, ACI software
manages more than US$12 trillion in wholesale payments. And for more than 160 organizations
worldwide, ACI software helps to protect their customers from financial crime. To learn more
about ACI and understand why we are trusted globally, please visit www.aciworldwide.com.
You can also find us on www.paymentsinsights.com or on Twitter @ACI_Worldwide. For more
information contact: Tamar Gerber, Vice President, Investor Relations & Financial
Communications

12
Horizontal analysis:

Income statement:
Year Ending  Year Ending  Year Ending  Year Ending 

2 0 1 6 # 2 0 1 5 2 0 1 4 2 0 1 3

R e v e n u e 1 . 0 1 B 1 . 0 5 B 1 . 0 2 B 864.93M

Cost of Revenue 425.41M 451.60M 434.10M 324.84M

Gross Operating Profit 580.29M 594.37M 582.05M 540.09M

Selling, General, and Administrative Expenses 231.70M 216.83M 207.11M 199.13M

Research & Development 169.90M 145.92M 144.21M 142.56M

Operating Income before D & A (EBITDA) 178.69M 231.62M 230.73M 198.40M

13
 Depreciation & Amortization 109.02M 103.67M 92.56M 75.36M

Interest Income ###### ###### ###### ######

Other Income - Net 155.57M 26.41M ###### -3.33M

Special Income / Charges 0 0 0 0

Total Income Before Interest Expenses (EBIT) 225.76M 154.75M 138.51M 120.38M

Interest Expense 40.18M 41.37M 39.74M 27.22M

Pre-Tax Income 185.58M 113.37M 98.77M 93.16M

Income Taxes 56.05M 27.94M 31.21M 29.29M

Minority Interest 0 0 0 0

Net Income From Continuing Operations 129.53M 85.44M 67.56M 63.87M

Net Income From Discontinued Operations 0 0 0 0

Net Income From Total Operations 129.53M 85.44M 67.56M 63.87M

Extraordinary Income/Losses 0 0 0 0
Income From Cum. Effect of Acct. Change 0 0 0 0
Income From Tax Loss Carryforward 0 0 0 0

Other Gains / Losses 0 0 0 0

Total Net Income 129.53M 85.44M 67.56M 63.87M

Cash flow:
Year Ending  Year Ending  Year Ending 
Year Ending  2 0 1 6 2 0 1 5 2 0 1 4 2 0 1 3
# # # # # #      
C a s h F l o w F r o m O p e r a t i n g A c t i v i t i e s
Net Income (Loss) 129.53M 85.44M 67.56M 63.87M

14
 Operating Gains/Losses -151.46M -24.46M 0 0
(Increase) Decrease In Receivables -76.46M -11.36M -30.64M 22.50M
(Decrease) Increase In Payables -13.92M 8 . 5 6 M -3.42M -13.55M
(Decrease) Increase In Other Current Liabilities 18.06M -2.00M -6.36M -24.50M

(Increase) Decrease In Other Working Capital 22.94M -12.29M 19.80M ######

Other Non-Cash Items 44.42M 21.11M 12.90M 6 . 0 2 M

Net Cash From Continuing Operations 99.83M 187.99M 160.83M 138.42M

Net Cash From Total Operating Activities 99.83M 187.99M 160.83M 138.42M

C a s h U s e d f o r I n v e s t i n g A c t i v i t i e s
Purchases of Property, Plant & Equipment -63.08M -48.91M -34.90M -32.60M

Acquisitions 199.71M -179.37M -204.29M -378.11M

Other Cash from Investing Activities -7.00M -7.00M -1.50M 0

Net Cash From Investing Activities 129.63M -199.96M -240.69M -410.71M

C a s h P r o v i d e d B y F i n a n c i n g A c t i v i t i e s
Issuance of Deb t 76.00M 298.00M 319.50M 640.00M
C a s h U s e d F o r F i n a n c i n g A c t i v i t i e s
Issuance of Capital Stock 12.31M 15.28M 19.24M 21.75M
Repayment of Long-Term Debt -275.67M -263.99M -191.29M -272.89M
Repurchase of Capital Stock -63.06M -4.65M -75.12M -87.13M
Other Financing Charges, Net ###### 0 -6.05M -10.08M
Net Cash From Financing Activities -251.08M 44.64M 66.28M 291.64M

Effect of Exchange Rate Changes -4.87M -7.74M -4.18M ######

Net Change in Cash & Cash Equivalents -26.49M 24.94M -17.76M 18.73M

Conclusion:

ACI Worldwide, the Universal Payments (UP) company, powers electronic payments for more than

5,100 organizations around the world. More than 1,000 of the largest financial institutions and
intermediaries as well as thousands of global merchants rely on ACI to execute $14 trillion each

15
day in payments and securities. In addition, myriad organizations utilize our electronic bill
presentment and payment services.
Through our comprehensive suite of software and SaaS-based solutions, we deliver real-time, immediate
payments capabilities and enable the industry’s most complete omni-channel payments experience. 

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