ACI Worldwide (ACIW) FY2013 results: revenue $865 million, up 29.8% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $865 million for fiscal 2013, the year ended 31 December 2013, up 29.8% on the year before. Net income was $64 million, up 30.8%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$865 million
+29.8% on the year
FY2008FY2013
Operating margin
14.2%
11.2% a year earlier
FY2008FY2013
Net income
$64 million
+30.8% on the year
FY2008FY2013
Diluted EPS
$0.53
+31.1% on the year
FY2008FY2013
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
865
667
465
+29.8%
Cost of revenue
319
202
119
+57.6%
Gross profit
546
465
346
+17.6%
Gross margin
63.2%
69.7%
74.4%
Research and development
n/a
n/a
90.2
Operating income
123
74.4
66.2
+65.4%
Operating margin
14.2%
11.2%
14.2%
Interest expense
27.2
10.4
2.4
+161.3%
Pre-tax income
93.2
65.3
64.3
+42.7%
Income tax
29.3
16.4
18.5
+78.4%
Effective tax rate
31.4%
25.2%
28.7%
Net income
63.9
48.8
45.9
+30.8%
Net margin
7.4%
7.3%
9.9%
Diluted EPS
$0.53
$0.41
$0.45
+31.1%
$ 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
138
-9.3
83.5
Capital expenditure
21.1
13.1
10.7
+61.7%
Free cash flow
117
-22.3
72.8
Free cash flow margin
13.6%
-3.3%
15.7%
Cash from investing
-411
-343
-47.7
Cash from financing
292
234
-8.7
+24.7%
Depreciation and amortisation
70.0
50.8
28.4
+37.8%
Share-based compensation
13.6
15.2
11.3
-10.6%
Buybacks
80.9
57.8
n/a
+39.9%
Diluted shares, weighted
120m
120m
103m
+0.3%
Shares outstanding at period end
117m
118m
101m
-1.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
544
534
317
+1.7%
Debt
755
374
75.0
+101.8%
Other liabilities
383
342
272
+11.8%
Total liabilities and equity
1,682
1,251
665
+34.5%
Fixed assets
57.3
41.3
20.5
+38.9%
Goodwill
669
501
501
+33.5%
Intangible assets
238
128
18.3
+85.8%
Cash and equivalents
95.1
76.3
197
+24.5%
Receivables
204
217
93.4
-6.3%
Other assets
419
287
n/a
+46.0%
Total assets
1,682
1,251
665
+34.5%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.