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Press Release: Teradata Reports Fourth-Quarter -4-

· 02/04/2021 16:05
CONTACT: INVESTOR CONTACTdebt $ 44 $ 38 $ 25 Current portion of finance lease liability 75 75 55 Current portion of operating lease liability 15 17 20 Accounts payable 50 59 66 Payroll and benefits liabilities 170 131 157 Deferred revenue 499 482 472 Other current liabilities 99 93 91 --------- -------- --------- Total current liabilities 952 895 886 Long-term debt 411 423 454 Finance lease liability 70 70 75 Operating lease liability 28 30 38 Pension and other postemployment plan liabilities 152 136 137 Long-term deferred revenue 38 38 61 Deferred tax liabilities 6 6 6 Other liabilities 136 135 138 --------- -------- --------- Total liabilities 1,793 1,733 1,795 --------- -------- --------- Stockholders' equity Common stock 1 1 1 Paid-in capital 1,656 1,632 1,545 Accumulated deficit (1,114) (1,094) (1,143) Accumulated other comprehensive loss (143) (155) (141) --------- -------- --------- Total stockholders' equity 400 384 262 --------- -------- --------- Total liabilities and stockholders' equity $ 2,193 $ 2,117 $ 2,057 ========= ======== ========= Schedule C TERADATA CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in millions - unaudited) For the Period Ended December 31 -------------------------------- Three Months Twelve Months -------------- ---------------- 2020 2019 2020 2019 ---- ---- ---- ---- Operating activities Net income (loss) $ 5 $ (19) $ 129 $ (20) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 46 37 172 150 Stock-based compensation expense 22 24 101 83 Deferred income taxes 34 (4) (118) (3) Changes in assets and liabilities: Receivables (10) (70) 67 190 Inventories (15) 5 2 (3) Current payables and accrued expenses 24 3 - (153) Deferred revenue 17 57 4 (62) Other assets and liabilities (67) 21 (90) (34) ---- ---- ---- ---- Net cash provided by operating activities 56 54 267 148 Investing activities Expenditures for property and equipment (10) (11) (44) (54) Additions to capitalized software (1) (2) (7) (5) ---- ---- ---- ---- Net cash used in investing activities (11) (13) (51) (59) Financing activities Repurchases of common stock (25) (61) (100) (300) Repayments of long-term borrowings (6) (7) (25) (19) Payments of finance leases (27) (15) (70) (33) Other financing activities, net 2 4 9 44 ---- ---- ---- ---- Net cash used in financing activities (56) (79) (186) (308) Effect of exchange rate changes on cash and cash equivalents 10 5 7 (1) ---- ---- ---- ---- (Decrease) increase in cash, cash equivalents and restricted cash (1) (33) 37 (220) Cash, cash equivalents and restricted cash at beginning of period 534 529 496 716 ---- ---- ---- ---- Cash, cash equivalents and restricted cash at end of period $ 533 $ 496 $ 533 $ 496 ==== ==== ==== ==== Supplemental cash flow disclosure: Non-cash investing and financing activities: Assets acquired by finance leases $ 27 $ 37 $ 85 $ 115 Assets acquired by operating leases $ 2 $ 2 $ 8 $ 7 Schedule D TERADATA CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in millions - unaudited) For the Three Months Ended December 31 For the Twelve Months Ended December 31 ---------------------------------------------- ------------------------------------------------ % Change % Change % Change Constant % Change Constant As Currency As Currency 2020 2019 Reported (2) 2020 2019 Reported (2) ---- ---- ---------- ------------ ----- ----- ---------- ------------ Segment Revenue Americas $ 261 $ 263 (1%) 0 % $1,025 $1,057 (3%) (2%) EMEA 134 139 (4%) (7%) 485 492 (1%) (2%) APJ 96 92 4 % (1%) 326 350 (7%) (7%) ---- ---- ----- ----- Total segment revenue 491 494 (1%) (2%) 1,836 1,899 (3%) (3%) Segment gross profit Americas 161 153 631 626 % of Revenue 61.7% 58.2% 61.6% 59.2% EMEA 76 70 273 239 % of Revenue 56.7% 50.4% 56.3% 48.6% APJ 54 40 168 148 % of Revenue 56.3% 43.5% 51.5% 42.3% ---- ---- ----- ----- Total segment gross profit 291 263 1,072 1,013 % of Revenue 59.3% 53.2% 58.4% 53.3% Reconciling items(1) (7) (15) (53) (58) ---- ---- ----- ----- Total gross profit $ 284 $ 248 $1,019 $ 955 % of Revenue 57.8% 50.2% 55.5% 50.3% (1) Reconciling items include stock-based compensation, capitalized software, amortization of acquisition-related intangible assets and acquisition, integration and reorganization-related items. (2) The impact of currency is determined by calculating the prior period results using the current-year monthly average currency rates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210204006033/en/

Christopher T. Lee

858-485-2523 office

christopher.lee@teradata.com

MEDIA CONTACT

Jennifer Donahue

858-485-3029 office

jennifer.donahue@teradata.com

(END) Dow Jones Newswires

February 04, 2021 16:05 ET (21:05 GMT)