Aptiv (APTV) FY2013 results: revenue $15.1 billion, up 7.0% on the year
Aptiv plc (APTV) reported revenue of $15.1 billion for fiscal 2013, the year ended 31 December 2013, up 7.0% on the year before. Net income was $1.2 billion, up 12.5%, and diluted earnings per share $3.89. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2014.
Revenue
$15.1 billion
+7.0% on the year
FY2010FY2013
Operating margin
10.8%
9.9% a year earlier
FY2010FY2013
Net income
$1.2 billion
+12.5% on the year
FY2010FY2013
Diluted EPS
$3.89
+16.8% on the year
FY2010FY2013
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
15,051
14,070
16,041
+7.0%
Cost of revenue
12,274
11,566
13,386
+6.1%
Gross profit
2,777
2,504
2,655
+10.9%
Gross margin
18.5%
17.8%
16.6%
Research and development
1,200
1,100
1,200
+9.1%
Selling, general and administrative
916
875
901
+4.7%
Operating income
1,627
1,390
1,644
+17.1%
Operating margin
10.8%
9.9%
10.2%
Interest expense
143
136
123
+5.1%
Pre-tax income
1,466
1,259
1,506
+16.4%
Income tax
240
174
305
+37.9%
Effective tax rate
16.4%
13.8%
20.3%
Net income
1,212
1,077
1,145
+12.5%
Net margin
8.1%
7.7%
7.1%
Diluted EPS
$3.89
$3.33
$2.72
+16.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
1,750
1,478
1,377
+18.4%
Capital expenditure
605
642
630
-5.8%
Free cash flow
1,145
836
747
+37.0%
Free cash flow margin
7.6%
5.9%
4.7%
Cash from investing
-655
-1,631
-10.0
Cash from financing
-822
-105
-3,194
Depreciation and amortisation
499
445
475
+12.1%
Share-based compensation
46.0
20.0
14.0
+130.0%
Buybacks
457
403
0.0
+13.4%
Dividends paid
211
0.0
0.0
Dividend per share
$0.68
$0.00
$0.00
Diluted shares, weighted
312m
323m
421m
-3.6%
Shares outstanding at period end
306m
315m
328m
-2.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,911
2,345
1,688
+24.1%
Non-controlling interest
523
485
483
+7.8%
Debt
2,412
2,464
2,103
-2.1%
Other liabilities
5,201
4,882
4,854
+6.5%
Total liabilities and equity
11,047
10,176
9,128
+8.6%
Fixed assets
2,930
2,615
2,315
+12.0%
Goodwill
496
473
8.0
+4.9%
Intangible assets
698
803
588
-13.1%
Cash and equivalents
1,337
1,019
1,363
+31.2%
Receivables
2,454
2,425
2,459
+1.2%
Inventory
1,014
1,066
1,054
-4.9%
Other assets
2,118
1,775
1,341
+19.3%
Total assets
11,047
10,176
9,128
+8.6%
10-K for the year ended 31 December 2013, filed 10 February 2014: the filing.