ACI Worldwide (ACIW) FY2014 results: revenue $1.0 billion, up 17.5% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $1.0 billion for fiscal 2014, the year ended 31 December 2014, up 17.5% on the year before. Net income was $68 million, up 5.8%, and diluted earnings per share $0.58. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$1.0 billion
+17.5% on the year
FY2008FY2014
Operating margin
13.6%
14.2% a year earlier
FY2008FY2014
Net income
$68 million
+5.8% on the year
FY2008FY2014
Diluted EPS
$0.58
+8.8% on the year
FY2008FY2014
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
1,016
865
667
+17.5%
Cost of revenue
430
319
202
+35.1%
Gross profit
586
546
465
+7.2%
Gross margin
57.7%
63.2%
69.7%
Operating income
138
123
74.4
+12.3%
Operating margin
13.6%
14.2%
11.2%
Interest expense
39.7
27.2
10.4
+46.0%
Pre-tax income
98.8
93.2
65.3
+6.0%
Income tax
31.2
29.3
16.4
+6.5%
Effective tax rate
31.6%
31.4%
25.2%
Net income
67.6
63.9
48.8
+5.8%
Net margin
6.6%
7.4%
7.3%
Diluted EPS
$0.58
$0.53
$0.41
+8.8%
$ 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
n/a
138
-9.3
Capital expenditure
17.6
21.1
13.1
-16.5%
Free cash flow
n/a
117
-22.3
Free cash flow margin
n/a
13.6%
-3.3%
Cash from investing
n/a
-411
-343
Cash from financing
n/a
292
234
Depreciation and amortisation
86.7
70.0
50.8
+23.9%
Share-based compensation
11.0
13.6
15.2
-18.6%
Buybacks
70.0
80.9
57.8
-13.5%
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
117m
120m
120m
-2.7%
Shares outstanding at period end
116m
117m
118m
-0.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
581
544
534
+6.9%
Debt
892
755
374
+18.1%
Other liabilities
377
383
342
-1.4%
Total liabilities and equity
1,851
1,682
1,251
+10.0%
Fixed assets
60.4
57.3
41.3
+5.3%
Goodwill
781
669
501
+16.7%
Intangible assets
261
238
128
+10.0%
Cash and equivalents
77.3
95.1
76.3
-18.7%
Receivables
227
204
217
+11.6%
Other assets
443
419
287
+5.8%
Total assets
1,851
1,682
1,251
+10.0%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.