Nielsen Holdings (NLSN) Tops Q2 EPS by 2c

Nielsen Holdings (NYSE: NLSN) reported Q2 EPS of $0.66, $0.02 better than the analyst estimate of $0.64. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.55 billion.

Financial Position

As of June 30, 2015, cash balances were $331 million and gross debt was $7,473 million. Net debt (gross debt less cash and cash equivalents) was $7,142 million and our net debt leverage ratio was 3.86x at the end of the quarter. Capital expenditures were $97 million for the second quarter of 2015 as compared to $94 million for the second quarter of 2014.

Free cash flow for the second quarter of 2015 increased to $154 million from $116 million in the second quarter of 2014. Cash flow from operations increased to $251 million in 2015 from $210 million in the second quarter of 2014. The increase in free cash flow and cash flow from operations was due to the stronger operating performance discussed above.

In April 2015 and June 2015, secondary public offerings totaling 29 million shares of our common stock were completed on behalf of certain selling stockholders, primarily comprised of the Sponsor group. All proceeds went to the selling stockholders and the offering did not have a significant impact on our operating results or financial position. At June 30, 2015, the one remaining sponsor held 2.0% of our common stock.

For earnings history and earnings-related data on Nielsen Holdings (NLSN) click here.

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