I N S I G H T F U L Breakthroughs. OU T S TA N D I N G Performance.
2 0 1 8
A N N U A L
R E P O R T
I N S I G H T F U L Breakthroughs
| Our Culture
is what makes
us unique.
IDEAS That Inspire.
TECHNOLOGIES That Matter.
EVER VIGILANT.
CACI’s unwavering commitment to our customers’ missions has led to insightful break-
throughs and outstanding performance, setting the stage for a bright future of sustained
growth. For more than 56 years, CACI has delivered solutions and services that protect
our nation’s interests and transform government operations. As we continue to attract new
customers and advance the state of technology, we remain grounded in our foundational
culture of ethics, integrity, and good character.
Our strategy to win new business, deliver operational excellence, and deploy our capital for
long-term growth opportunities has set us on a path to ever greater success. We are winning
larger, more solutions-oriented business that meets our customers’ present requirements
and anticipates emerging needs. Our talented employees continue to demonstrate the
highest levels of professionalism and dedication to mission, garnering frequent accolades
from our customers.
This commitment to excellence has led to our fourth recognition as a Fortune magazine
World’s Most Admired Company. CACI was also named a Washington Post Top Workplace
in the greater Washington, D.C. area, and a Top Workplace in Memphis, TN; Baltimore,
MD; and Colorado. Our support for veterans hiring has led to recognition from multiple
sources, including a Best for Vets ranking by the Military Times.
We continually foster an environment of mutual respect for our employees, partners, and
customers. Our culture of innovation and good character has led us to success, and we take
pride in upholding the highest standards of ethics and integrity. We remain ever vigilant
in serving our customers and our nation, and look forward to continuing to provide our
shareholders with enduring value.
CACI Executive Officers
Front left to right:
Dr. J.P. London, Executive Chairman and Chairman of the Board
Kenneth Asbury, President and Chief Executive Officer
Back left to right:
Gregory R. Bradford, President and Chief Executive, CACI Limited
DeEtte Gray, President, U.S. Operations
John S. Mengucci, Chief Operating Officer
Thomas A. Mutryn, Executive Vice President, Chief Financial Officer, and Treasurer
O U T S TA N D I N G Performance
F Y 1 8 F I N A N C I A L H I G H L I G H T S
REVENUE
($M)
*
NET INCOME
($M)
DILUTED EARNINGS
*
SHAREHOLDERS’ EQUITY
*
($M)
($M)
301
11.93
2,107
4,468
4,355
3,744
3,565
3,313
1,794
1,607
1,480
1,359
164
135
126
143
6.53
5.76
5.38
5.17
14
15
16
17
18
14
15
16
17
18
14
15
16
17
18
14
15
16
17
18
| Strengthening
Our Position in
Fiscal Year 2018.
Income Statement Data
(in thousands, except per share data and percentages)
Year ended June 30
Revenue
Operating Income
Net Income
Diluted Earnings per Share
Weighted-average Diluted Shares
Balance Sheet Data
(in thousands, except percentages)
Year ended June 30
Total Assets
Working Capital
Shareholders’ Equity
Return on Equity
*
2018
% Change
2017
$4,467,860
340,700
301,171
11.93
25,255
2.6%
14.6%
84.0%
82.7%
*
2018
% Change
$4,034,206
392,210
2,106,887
15.4%
3.1%
11.1%
17.5%
$4,354,617
297,261
163,671
6.53
25,069
2017
$3,911,082
353,158
1,793,721
9.6%
* Net income for FY18 benefited from a net reduction to income taxes of $103,273, or $4.09 per diluted share, related to the enactment of the
Tax Cuts and Jobs Act in December 2017.
WINNING
new business.
DRIVING
operational
excellence.
INVESTING
our capital for
future growth.
2 0 1 8 C A C I A N N U A L R E P O R T | 1
To Our Fellow
CACI SHAREHOLDERS
Strengthening Our Position in Fiscal Year 2018.
Our market position continued to improve in FY18, with
another year of consistent and healthy organic revenue
growth. We pursued and won larger, more complex work
that expanded our customer base and solutions portfolio.
We once again set records for revenue, net income, cash
flow, and diluted earnings per share. We invested in critical
technologies where our expertise is established and
opportunities abound. We embarked on a path to drive
further efficiencies with the opening of our Dr. J.P. (Jack)
London Shared Services Center in Oklahoma City, OK.
Our focus remains on the steady execution of our
successful long-term, market-based strategy to win
new business, drive operational excellence, and deploy
our capital for future growth.
Dr. J.P. (Jack) London Shared Services Center in Oklahoma City, OK
2 | 2 0 1 8 C A C I A N N U A L R E P O R T
As we entered FY19, all forward indicators were strong.
Our funded backlog was $2.1 billion and our total backlog
was $11.3 billion. Almost 93 percent of our planned
revenue for FY19 comes from contracts on which we
currently perform. In addition, we had over $8.2 billion
in submitted proposals under evaluation, with almost 60
percent being new business to CACI.
Our market-based strategy continues to show results
in terms of steady top- and bottom-line growth. We
are pursuing and winning larger, more solutions-based
programs and delivering outstanding performance on
existing contracts. Our customers are showing their appre-
ciation for the work of CACI employees, and our programs
are achieving high marks and financial recognition for
strong performance.
In terms of capital deployment, mergers and acquisitions
remain our top priority. We made strategic acquisitions
in cyber technology and enterprise IT in FY18 and began
FY19 with the acquisition of a Navy systems engineering
business, which allows CACI to take a leading role in the
long-term operations and revitalization of the nation’s
fleet. These purchases follow the successful pattern of
acquisitions from the past several years, in which we
gained technical and mission expertise that helped us win a
broader array of high-value prime contracts. By adding new
capabilities and new customers in strategic areas of our 12
markets, we are generating long-term revenue and predict-
able, profitable growth to deliver significant shareholder
value in FY19 and beyond.
We purchased two companies under our United Kingdom
(UK) operations, which had another year of record finan-
cial performance. These additions provide geographic
information systems software, information technology
consulting, software engineering, and data analytics. Both
enhance our position as a market-leading provider of IT
products and services to commercial and government
organizations in the UK.
The passing of legislation for the funding of the U.S. federal
government through its 2019 fiscal year has been positive
news for our industry, company, and customers. Current
priorities reflect a long-term commitment to national secu-
rity and the modernization of systems and infrastructure.
Steadier budgets allow government agencies to plan for the
future, and CACI has the right experience and expertise to
assist them as they make necessary changes.
To ensure steady future growth, CACI is currently investing in several
emerging technologies, including artificial intelligence and machine
learning, robotic process automation, digital signals processing solutions,
and innovative technologies within the electromagnetic spectrum. We
continue to develop long-term industry partnerships with key commercial
and other technology providers that enable us to win new business and
expand our role as a systems integrator. To this end, CACI achieved a
significant milestone with our designation as an Amazon Web Services
Premier Consulting Partner.
To attract new talent and retain our existing high performers, we are
leveraging savings gained from tax reform and the efficiencies of our
Shared Services Center to invest in upgrading benefits based on employee
feedback and industry benchmarks. We are also investing in training and
professional development to enable our employees to grow their careers
within the company and differentiate our offerings to customers.
We are very proud of the outstanding performance of our dedicated
employees, and we thank them for their integrity and commitment to our
customers’ missions and the success of our company. We also thank you,
our fellow shareholders, for your continued support.
Dr. J.P. (Jack) London
Executive Chairman and Chairman of
the Board, CACI International Inc
Kenneth Asbury
President and Chief Executive Officer,
CACI International Inc
|
Financial
Accomplishments
Driving Shareholder Value
Revenue of $4.47 billion,
2.6% greater than the
$4.35 billion of last year.
Operating income of
$340.7 million,
14.6% greater than the
$297.3 million of last year.
Net income of
$301.2 million,
84.0% greater than the
$163.7 million of last year.
Diluted earnings
per share of $11.93,
82.7% greater than the
diluted earnings per share
of $6.53 reported in Fiscal 2017.
Operating cash flow of
$325.1 million,
15.6% greater than the
$281.3 million of a year ago.
Contract awards of
$5.23 billion;
10 consecutive quarters of
awards greater than $1 billion.
Contract funding orders of
$4.76 billion,
15.5% greater than the
$4.12 billion of a year ago.
Funded backlog at fiscal
year-end of $2.14 billion.
Total backlog at fiscal
year-end of $11.27 billion.
2 0 1 8 C A C I A N N U A L R E P O R T | 3
Pioneering National Security Solutions.
Transforming Government.
Dominance
across all domains.
The proliferation of threats the United
States faces has made the national security
mission increasingly complex. As defense
and intelligence leaders adapt to this
dynamic scenario, they are in need of
response options that span all the domains:
land, sea, air, space, and cyberspace.
CACI is pushing to the forefront of this
new multi-domain paradigm, delivering
flexible, rapid-response solutions that meet
the needs of government customers from
headquarters to the field.
We have expanded our suite of counter-
unmanned aircraft systems (C-UAS)
that protect lives and infrastructure in
both civil and military environments.
Our long experience in digital and foreign
instrumentation signals processing and
full-spectrum cyber has led to the develop-
ment of new software-defined
electronic warfare systems to thwart
and exploit adversarial surveillance
and reconnaissance, cellular, radio, and
command and control systems. Equally
important is our expertise in bolstering
the resiliency of these platforms and
protecting them from attack.
When operations tempo increases, leaders
from the strategy room to the front lines
must remain informed. CACI engineers
cybersecure networks and provides
enterprise IT operations to customers in
a multitude of environments that reach
across the globe. We produce and deploy
high-quality, interoperable electronic
communications and command and
control systems that span satellite, audio-
visual, UHF, VHF, and radio technologies.
| MISSION MATTERS
to us and our customers.
We have pioneered widely used intel-
ligence fusion solutions, as well as a full
array of visualization and decision-
making tools that promote situational
awareness and aid in selecting the optimal
course of action in any domain – even
space. Our intelligence analysts turn
collected data into actionable products,
using CACI’s specialized tools and
systems, including those that leverage
artificial intelligence capabilities, to
speed delivery. Our launch of the CACI
All-Source Tradecraft Academy
ensures our professionals continuously
access training that is relevant, timely,
and comprehensive.
4 |
UAS DETECTED
Precision Technologies
for evolving threats.
AIR
SEA
Amplifying Efficiency
with next-generation
technology.
Welcome to CACI
INFORMATION DEPLOYED. SOLUTIONS ADVANCED. MISSIONS ACCOMPLISHED.