Broadridge Financial Solutions Inc (BR) is a leading provider of technology-driven solutions to the financial services industry. The company's income statement for the latest fiscal year shows strong performance across key financial metrics. The company reported a significant increase in total revenue, which reached a record high of $4.5 billion. This represents a year-over-year growth rate of 10%. Gross profit also registered a robust increase, reaching $1.2 billion, reflecting the company's ability to generate value for its customers. Net income from stockholders reached $416 million, reflecting the company's strong profitability and efficient cost management. EBIT and EBITDA, which measure the company's operating performance, stood at $664 million and $848 million, respectively.
Looking at the company's balance sheet, Broadridge Financial Solutions Inc (BR) has a strong financial position. The company's total assets amounted to $6.9 billion, with stockholders' equity reaching $2.3 billion. The company has a manageable level of total debt, which stood at $1.2 billion. Total liabilities amounted to $4.6 billion. Broadridge Financial Solutions Inc (BR) also maintains a healthy cash position, with cash equivalents amounting to $286 million. The company's net debt, which indicates its ability to meet its financial obligations, stood at $924 million.
In terms of cash flow, Broadridge Financial Solutions Inc (BR) demonstrates solid financial management. The company's operating cash flow for the latest fiscal year reached $906 million, indicating the company's ability to generate cash from its core operations. Investing cash flow amounted to $223 million, reflecting the company's investment in strategic initiatives to drive growth. Financing cash flow amounted to $640 million, reflecting the company's capital structure management and shareholder distributions. Free cash flow, which represents the cash generated after capital expenditures, stood at $683 million, highlighting the company's ability to generate excess cash.
In conclusion, Broadridge Financial Solutions Inc (BR) has shown strong financial performance across key metrics. The company has enjoyed significant growth in total revenue and profitability, reflecting its ability to deliver value to customers. With a strong balance sheet, healthy cash position, and solid cash flow management, the company is well-positioned for future growth and success in the financial services industry.