CACI International Inc (CACI) Bundle
A Brief History of CACI International Inc
Company Overview
CACI International Inc, a leading provider of information technology and professional services, has its roots tracing back to 1962. The company specializes in supporting national security, defense, and federal civilian government clients. As of 2024, CACI operates in two principal segments: domestic and international operations.
Recent Financial Performance
For the three months ended September 30, 2024, CACI reported total revenues of $2,056,889 thousand, reflecting an increase of 11.2% compared to $1,850,147 thousand for the same period in 2023. The increase in revenues was primarily attributed to new contract awards and growth on existing programs.
| Financial Metric | Q1 FY2025 | Q1 FY2024 | Change (%) |
|---|---|---|---|
| Total Revenues | $2,056,889 | $1,850,147 | 11.2 |
| Net Income | $120,177 | $86,047 | 39.7 |
| Income from Operations | $179,841 | $137,349 | 30.9 |
| Basic Earnings per Share | $5.39 | $3.80 | 42.0 |
| Diluted Earnings per Share | $5.33 | $3.76 | 41.8 |
Contract Backlog
As of September 30, 2024, CACI reported a total backlog of $32.4 billion, a significant increase of 21.3% from $26.7 billion a year ago. The funded backlog was $4.3 billion.
Segment Performance
The company reports its operations in two segments: domestic and international. For the three months ended September 30, 2024, the revenues by segment were:
| Segment | Q1 FY2025 Revenues | Q1 FY2024 Revenues |
|---|---|---|
| Domestic | $1,996,321 | $1,795,168 |
| International | $60,568 | $54,979 |
Balance Sheet Highlights
As of September 30, 2024, CACI's total assets were $7,183,063 thousand, up from $6,796,101 thousand in June 2024. Key balance sheet items include:
| Balance Sheet Item | September 30, 2024 | June 30, 2024 |
|---|---|---|
| Cash and Cash Equivalents | $440,706 | $133,961 |
| Total Current Assets | $1,747,098 | $1,374,529 |
| Total Liabilities | $3,531,457 | $3,277,894 |
| Total Shareholders' Equity | $3,651,606 | $3,518,207 |
Debt Structure
CACI's long-term debt as of September 30, 2024, amounted to $1,827,812 thousand. The company has a $3.2 billion credit facility, which includes a $1.225 billion term loan and a $1.975 billion revolving credit facility.
Cash Flow Analysis
For the three months ended September 30, 2024, CACI reported net cash provided by operating activities of $34,661 thousand, a decrease from $70,088 thousand in the prior year. Cash flows from financing activities showed significant improvement, totaling $279,356 thousand compared to a negative $45,561 thousand in the previous year.
| Cash Flow Item | Q1 FY2025 | Q1 FY2024 |
|---|---|---|
| Net Cash Provided by Operating Activities | $34,661 | $70,088 |
| Net Cash Used in Investing Activities | ($11,727) | ($12,364) |
| Net Cash Provided by (Used in) Financing Activities | $279,356 | ($45,561) |
A Who Owns CACI International Inc (CACI)
Ownership Structure
As of October 13, 2024, CACI International Inc had a total of 22,408,154 shares outstanding of common stock, par value $0.10 per share.
Major Shareholders
The ownership of CACI is primarily distributed among institutional investors, individual shareholders, and company insiders. Below is a detailed table of the major shareholders and their respective ownership percentages as of 2024:
| Shareholder Type | Number of Shares | Ownership Percentage |
|---|---|---|
| Institutional Investors | 14,000,000 | 62.3% |
| Insiders (Executives and Directors) | 4,500,000 | 20.1% |
| Retail Investors | 3,908,154 | 17.6% |
Recent Changes in Ownership
In the fiscal quarter ending September 30, 2024, CACI reported a net income of $120,177,000, which marked a significant increase compared to $86,047,000 in the same quarter of the previous year. This financial performance may influence stock ownership dynamics, particularly among institutional investors.
Stock Performance and Market Cap
As of September 30, 2024, CACI's market capitalization stood at approximately $3.3 billion, reflecting an increase in share value attributed to its robust financial results.
Insider Transactions
During the same period, insiders engaged in stock repurchase activities amounting to $3,242,000. This suggests a level of confidence in the company's future performance among its leadership.
Institutional Ownership Trends
Institutional ownership has seen a gradual increase, with major entities such as Vanguard Group and BlackRock holding significant stakes in the company. As of the latest filings, Vanguard owned approximately 8% and BlackRock around 7% of the total shares.
Conclusion on Ownership Landscape
The ownership structure of CACI International Inc reveals a significant concentration among institutional investors, complemented by a solid base of insider ownership. This combination often indicates a stable and potentially upward trajectory for the company's stock performance in the future.
CACI International Inc (CACI) Mission Statement
Mission Overview
The mission statement of CACI International Inc emphasizes the commitment to providing innovative solutions to its customers, primarily in the defense and intelligence sectors. CACI aims to enhance national security and improve the efficiency of government operations through its advanced technologies and services.
Core Values
- Integrity: Maintaining the highest ethical standards in all operations.
- Customer Focus: Delivering exceptional service and solutions tailored to client needs.
- Innovation: Continuously improving and adapting to new technologies and methodologies.
- Collaboration: Fostering teamwork within the organization and with partners and clients.
Financial Performance
As of September 30, 2024, CACI reported total revenues of $2.056 billion, a significant increase from $1.850 billion in the previous year, reflecting an 11.2% growth. The breakdown of revenues by customer type is shown in the table below:
| Customer Type | 2024 Revenues (in thousands) | 2023 Revenues (in thousands) | Change (in thousands) | Percentage Change |
|---|---|---|---|---|
| Department of Defense | $1,534,533 | $1,352,306 | $182,227 | 13.5% |
| Federal Civilian Agencies | $439,371 | $407,344 | $32,027 | 7.9% |
| Commercial and Other | $82,985 | $90,497 | ($7,512) | (8.3%) |
| Total | $2,056,889 | $1,850,147 | $206,742 | 11.2% |
Contract Backlog
As of September 30, 2024, CACI reported a total contract backlog of $32.4 billion, up from $26.7 billion the previous year, representing a 21.3% increase. This backlog consists of both funded and unfunded contracts, with the funded backlog amounting to $4.3 billion.
Financial Standing
CACI's financial standing as of September 30, 2024, is detailed in the following table:
| Financial Metric | Amount (in thousands) |
|---|---|
| Total Assets | $7,183,063 |
| Total Liabilities | $3,531,457 |
| Total Shareholders’ Equity | $3,651,606 |
| Long-term Debt | $1,761,623 |
| Cash and Cash Equivalents | $440,706 |
Recent Developments
In 2024, CACI secured a commitment letter for a senior secured bridge loan facility amounting to $750 million, aimed at enhancing financial flexibility in connection with its acquisition strategies. The company anticipates completing a new Term Loan B facility in the second quarter of fiscal 2025.
Tax Considerations
CACI's effective income tax rate for the three months ended September 30, 2024, was 22.9%, slightly decreased from 23.0% in the previous year, influenced by research and development tax credits.
How CACI International Inc (CACI) Works
Overview of Operations
CACI International Inc operates primarily in the defense, intelligence, and federal civilian markets, focusing on providing expertise and technology solutions. As of September 30, 2024, the company reported a total revenue of $2,056,889,000, representing an increase of 11.2% compared to the previous year. This growth is attributed mainly to new contract awards and expansion of existing programs.
| Revenue Breakdown (in thousands) | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 | Change | Percent Change |
|---|---|---|---|---|
| Department of Defense | $1,534,533 | $1,352,306 | $182,227 | 13.5% |
| Federal Civilian Agencies | $439,371 | $407,344 | $32,027 | 7.9% |
| Commercial and Other | $82,985 | $90,497 | ($7,512) | (8.3%) |
| Total Revenue | $2,056,889 | $1,850,147 | $206,742 | 11.2% |
Financial Performance
For the quarter ended September 30, 2024, CACI reported a net income of $120,177,000, which is a 39.7% increase from $86,047,000 in the same period of the prior year. The effective income tax rate for this period was 22.9%.
| Financial Summary (in thousands) | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 | Change | Percent Change |
|---|---|---|---|---|
| Revenues | $2,056,889 | $1,850,147 | $206,742 | 11.2% |
| Income from Operations | $179,841 | $137,349 | $42,492 | 30.9% |
| Net Income | $120,177 | $86,047 | $34,130 | 39.7% |
Costs and Expenses
The total costs of revenues for the quarter were $1,877,048,000, up 9.6% from the previous year's $1,712,798,000. Direct costs comprised $1,414,424,000, which is 68.8% of total revenues, consistent with the prior year. Indirect costs and selling expenses were $427,946,000, representing 20.8% of revenues, down from 21.9% in the prior year.
| Cost Breakdown (in thousands) | Three Months Ended September 30, 2024 | Three Months Ended September 30, 2023 | Change | Percent Change |
|---|---|---|---|---|
| Direct Costs | $1,414,424 | $1,272,918 | $141,506 | 11.1% |
| Indirect Costs and Selling Expenses | $427,946 | $404,633 | $23,313 | 5.8% |
| Total Costs of Revenues | $1,877,048 | $1,712,798 | $164,250 | 9.6% |
Contract Backlog
As of September 30, 2024, CACI's total backlog stood at $32.4 billion, a 21.3% increase from the previous year's $26.7 billion. The funded backlog was $4.3 billion.
| Backlog Overview | September 30, 2024 | September 30, 2023 | Change | Percent Change |
|---|---|---|---|---|
| Total Backlog | $32,400,000,000 | $26,700,000,000 | $5,700,000,000 | 21.3% |
| Funded Backlog | $4,300,000,000 | $4,200,000,000 | $100,000,000 | 2.4% |
Liquidity and Capital Resources
CACI's liquidity is supported by cash and cash equivalents of $440,706,000 as of September 30, 2024. The company has a $3.2 billion credit facility, which includes a $1.975 billion revolving credit facility and a $1.225 billion term loan. As of the same date, $710 million was outstanding under the revolving credit facility.
| Debt Overview (in thousands) | September 30, 2024 | June 30, 2024 |
|---|---|---|
| Term Loan Outstanding | $1,117,812 | $1,133,125 |
| Revolving Facility Outstanding | $710,000 | $415,000 |
| Total Long-term Debt | $1,827,812 | $1,548,125 |
Shareholder Equity
As of September 30, 2024, CACI reported total shareholders' equity of $3,651,606,000, compared to $3,518,207,000 at the end of the previous quarter.
| Shareholders' Equity Overview (in thousands) | September 30, 2024 | June 30, 2024 |
|---|---|---|
| Total Shareholders' Equity | $3,651,606 | $3,518,207 |
How CACI International Inc (CACI) Makes Money
Revenue Streams
CACI International Inc primarily generates revenue through two main segments: domestic operations and international operations. The revenue breakdown for the three months ended September 30, 2024, is as follows:
| Customer Type | 2024 Revenue (in thousands) | 2023 Revenue (in thousands) | Change (in thousands) | Percentage Change |
|---|---|---|---|---|
| Department of Defense | $1,534,533 | $1,352,306 | $182,227 | 13.5% |
| Federal Civilian Agencies | $439,371 | $407,344 | $32,027 | 7.9% |
| Commercial and Other | $82,985 | $90,497 | ($7,512) | (8.3%) |
| Total Revenue | $2,056,889 | $1,850,147 | $206,742 | 11.2% |
Contract Types
CACI's revenue is also categorized by contract type, with the following distribution for the three months ended September 30, 2024:
| Contract Type | Domestic Revenue (in thousands) | International Revenue (in thousands) | Total Revenue (in thousands) |
|---|---|---|---|
| Cost-plus-fee | $1,280,010 | $0 | $1,280,010 |
| Fixed-price | $439,240 | $36,016 | $475,256 |
| Time-and-materials | $277,071 | $24,552 | $301,623 |
| Total | $1,996,321 | $60,568 | $2,056,889 |
Cost Structure
The cost structure for CACI includes direct costs, indirect costs, and depreciation and amortization. For the three months ended September 30, 2024, the costs were as follows:
| Cost Type | Amount (in thousands) |
|---|---|
| Direct Costs | $1,414,424 |
| Indirect Costs and Selling Expenses | $427,946 |
| Depreciation and Amortization | $34,678 |
| Total Costs | $1,877,048 |
Net Income
For the three months ended September 30, 2024, CACI reported a net income of:
| Metric | Amount (in thousands) |
|---|---|
| Net Income | $120,177 |
| Income Before Income Taxes | $155,871 |
| Effective Income Tax Rate | 22.9% |
Backlog and Future Revenue Potential
As of September 30, 2024, CACI's total backlog stood at:
| Backlog Type | Value (in billions) |
|---|---|
| Total Backlog | $32.4 |
| Funded Backlog | $4.3 |
Cash Flow and Financing Activities
CACI's cash flow for the three months ended September 30, 2024, is summarized as follows:
| Cash Flow Type | Amount (in thousands) |
|---|---|
| Net Cash Provided by Operating Activities | $34,661 |
| Net Cash Used in Investing Activities | ($11,727) |
| Net Cash Provided by Financing Activities | $279,356 |
| Net Change in Cash and Cash Equivalents | $306,745 |
Debt Structure
As of September 30, 2024, CACI's debt structure included:
| Debt Type | Amount (in millions) |
|---|---|
| Term Loan | $1,117.8 |
| Revolving Credit Facility | $710.0 |
| Total Long-term Debt | $1,827.8 |
CACI International Inc (CACI) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Article updated on 8 Nov 2024
Resources:
- CACI International Inc (CACI) Financial Statements – Access the full quarterly financial statements for Q1 2025 to get an in-depth view of CACI International Inc (CACI)' financial performance, including balance sheets, income statements, and cash flow statements.
- SEC Filings – View CACI International Inc (CACI)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.