Agilent Technologies (A) FY2014 results: revenue $4.0 billion, up 4.0% on the year
Agilent Technologies, Inc. (A) reported revenue of $4.0 billion for fiscal 2014, the year ended 31 October 2014, up 4.0% on the year before. Net income was $549 million, down 25.2%, and diluted earnings per share $1.62. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2015.
Revenue
$4.0 billion
+4.0% on the year
FY2007FY2014
Operating margin
10.4%
9.9% a year earlier
FY2007FY2014
Net income
$549 million
-25.2% on the year
FY2007FY2014
Diluted EPS
$1.62
-23.9% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
4,048
3,894
6,858
+4.0%
Cost of revenue
2,072
1,987
3,254
+4.3%
Gross profit
1,976
1,907
3,604
+3.6%
Gross margin
48.8%
49.0%
52.6%
Research and development
358
337
668
+6.2%
Selling, general and administrative
1,199
1,184
1,817
+1.3%
Operating income
419
386
1,119
+8.5%
Operating margin
10.4%
9.9%
16.3%
Interest expense
110
107
101
+2.8%
Pre-tax income
763
732
1,384
+4.2%
Income tax
-3.0
68.0
-110
Effective tax rate
-0.4%
9.3%
-7.9%
Net income
549
734
1,153
-25.2%
Net margin
13.6%
18.8%
16.8%
Diluted EPS
$1.62
$2.13
$3.27
-23.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
731
1,152
1,228
-36.5%
Capital expenditure
205
195
194
+5.1%
Free cash flow
526
957
1,034
-45.0%
Free cash flow margin
13.0%
24.6%
15.1%
Cash from investing
-230
-248
-2,366
Cash from financing
-117
-554
-37.0
Depreciation and amortisation
384
372
301
+3.2%
Share-based compensation
96.0
85.0
74.0
+12.9%
Buybacks
200
900
172
-77.8%
Dividends paid
176
156
104
+12.8%
Dividend per share
$0.53
$0.46
$0.30
+14.8%
Diluted shares, weighted
338m
345m
353m
-2.0%
Shares outstanding at period end
608m
602m
595m
+1.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
5,298
5,286
5,182
+0.2%
Non-controlling interest
3.0
3.0
3.0
0.0%
Short-term borrowings
n/a
0.0
n/a
Debt
1,663
2,699
2,362
-38.4%
Other liabilities
3,867
2,698
2,989
+43.3%
Total liabilities and equity
10,831
10,686
10,536
+1.4%
Fixed assets
631
1,134
1,164
-44.4%
Goodwill
2,507
2,628
3,025
-4.6%
Intangible assets
649
916
1,086
-29.1%
Investments
96.0
139
120
-30.9%
Cash and equivalents
2,218
2,675
2,351
-17.1%
Receivables
626
899
923
-30.4%
Inventory
574
1,066
1,014
-46.2%
Other assets
3,530
1,229
853
+187.2%
Total assets
10,831
10,686
10,536
+1.4%
10-K for the year ended 31 October 2014, filed 21 December 2015: the filing.