ACI Worldwide (ACIW) FY2012 results: revenue $667 million, up 43.3% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $667 million for fiscal 2012, the year ended 31 December 2012, up 43.3% on the year before. Net income was $49 million, up 6.5%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$667 million
+43.3% on the year
FY2008FY2012
Operating margin
11.2%
14.2% a year earlier
FY2008FY2012
Net income
$49 million
+6.5% on the year
FY2008FY2012
Diluted EPS
$0.41
-9.0% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
667
465
418
+43.3%
Cost of revenue
202
119
117
+70.0%
Gross profit
465
346
301
+34.2%
Gross margin
69.7%
74.4%
72.0%
Research and development
n/a
90.2
74.1
Operating income
74.4
66.2
53.6
+12.3%
Operating margin
11.2%
14.2%
12.8%
Interest expense
10.4
2.4
2.0
+328.5%
Pre-tax income
65.3
64.3
48.7
+1.5%
Income tax
16.4
18.5
21.5
-11.0%
Effective tax rate
25.2%
28.7%
44.2%
Net income
48.8
45.9
27.2
+6.5%
Net margin
7.3%
9.9%
6.5%
Diluted EPS
$0.41
$0.45
$0.27
-9.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
-9.3
83.5
81.3
Capital expenditure
13.1
10.7
5.0
+22.3%
Free cash flow
-22.3
72.8
76.4
Free cash flow margin
-3.3%
15.7%
18.2%
Cash from investing
-343
-47.7
-19.3
Cash from financing
234
-8.7
-17.6
Depreciation and amortisation
50.8
28.4
26.3
+79.0%
Share-based compensation
15.2
11.3
7.8
+34.9%
Buybacks
57.8
n/a
18.6
Diluted shares, weighted
120m
103m
102m
+16.7%
Shares outstanding at period end
118m
101m
n/a
+17.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
534
317
256
+68.4%
Debt
374
75.0
75.0
+399.0%
Other liabilities
342
272
271
+25.7%
Total liabilities and equity
1,251
665
602
+88.2%
Fixed assets
41.3
20.5
18.5
+101.6%
Goodwill
501
501
204
0.0%
Intangible assets
128
18.3
20.4
+597.3%
Cash and equivalents
76.3
197
171
-61.3%
Receivables
217
93.4
77.8
+132.8%
Other assets
287
n/a
110
Total assets
1,251
665
602
+88.2%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.