Agilent Technologies (A) FY2013 results: revenue $3.9 billion, down 43.2% on the year
Agilent Technologies, Inc. (A) reported revenue of $3.9 billion for fiscal 2013, the year ended 31 October 2013, down 43.2% on the year before. Net income was $734 million, down 36.3%, and diluted earnings per share $2.13. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2015.
Revenue
$3.9 billion
-43.2% on the year
FY2007FY2013
Operating margin
9.9%
16.3% a year earlier
FY2007FY2013
Net income
$734 million
-36.3% on the year
FY2007FY2013
Diluted EPS
$2.13
-34.9% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
3,894
6,858
6,615
-43.2%
Cost of revenue
1,987
3,254
3,086
-38.9%
Gross profit
1,907
3,604
3,529
-47.1%
Gross margin
49.0%
52.6%
53.3%
Research and development
337
668
649
-49.6%
Selling, general and administrative
1,184
1,817
1,809
-34.8%
Operating income
386
1,119
1,071
-65.5%
Operating margin
9.9%
16.3%
16.2%
Interest expense
107
101
86.0
+5.9%
Pre-tax income
732
1,384
1,310
-47.1%
Income tax
68.0
-110
20.0
Effective tax rate
9.3%
-7.9%
1.5%
Net income
734
1,153
1,012
-36.3%
Net margin
18.8%
16.8%
15.3%
Diluted EPS
$2.13
$3.27
$2.85
-34.9%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,152
1,228
1,260
-6.2%
Capital expenditure
195
194
188
+0.5%
Free cash flow
957
1,034
1,072
-7.4%
Free cash flow margin
24.6%
15.1%
16.2%
Cash from investing
-248
-2,366
1,294
Cash from financing
-554
-37.0
-1,693
Depreciation and amortisation
372
301
253
+23.6%
Share-based compensation
85.0
74.0
72.0
+14.9%
Buybacks
900
172
497
+423.3%
Dividends paid
156
104
0.0
+50.0%
Dividend per share
$0.46
$0.30
$0.00
+53.3%
Diluted shares, weighted
345m
353m
355m
-2.3%
Shares outstanding at period end
602m
595m
591m
+1.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
5,286
5,182
4,308
+2.0%
Non-controlling interest
3.0
3.0
8.0
0.0%
Short-term borrowings
0.0
n/a
n/a
Debt
2,699
2,362
2,185
+14.3%
Other liabilities
2,698
2,989
2,556
-9.7%
Total liabilities and equity
10,686
10,536
9,057
+1.4%
Fixed assets
1,134
1,164
1,006
-2.6%
Goodwill
2,628
3,025
1,567
-13.1%
Intangible assets
916
1,086
429
-15.7%
Investments
139
120
117
+15.8%
Cash and equivalents
2,675
2,351
3,527
+13.8%
Receivables
899
923
860
-2.6%
Inventory
1,066
1,014
898
+5.1%
Other assets
1,229
853
653
+44.1%
Total assets
10,686
10,536
9,057
+1.4%
10-K for the year ended 31 October 2013, filed 21 December 2015: the filing.