Azenta (AZTA) FY2013 results: revenue $422 million, down 13.6% on the year
Azenta, Inc. (AZTA) reported revenue of $422 million for fiscal 2013, the year ended 30 September 2013, down 13.6% on the year before. Net income was -$2 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2013.
Revenue
$422 million
-13.6% on the year
FY2009FY2013
Operating margin
-4.0%
0.3% a year earlier
FY2009FY2013
Net income
-$2 million
FY2009FY2013
Diluted EPS
-$0.03
FY2009FY2013
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
422
489
688
-13.6%
Cost of revenue
290
330
465
-12.0%
Gross profit
132
159
223
-17.0%
Gross margin
31.3%
32.6%
32.4%
Research and development
46.2
44.7
39.8
+3.3%
Selling, general and administrative
96.5
98.0
103
-1.5%
Operating income
-16.8
1.6
79.6
Operating margin
-4.0%
0.3%
11.6%
Interest expense
0.0
0.0
0.1
-85.7%
Pre-tax income
-14.5
3.5
128
Income tax
-5.0
-126
2.0
Effective tax rate
n/a
-3604.7%
1.5%
Net income
-2.2
137
130
Net margin
-0.5%
28.0%
18.9%
Diluted EPS
-$0.03
$2.08
$2.01
$ 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
54.4
36.0
87.7
+50.9%
Capital expenditure
3.6
8.7
6.5
-58.0%
Free cash flow
50.8
27.4
81.2
+85.3%
Free cash flow margin
12.0%
5.6%
11.8%
Cash from investing
-7.1
-21.0
-84.2
Cash from financing
-19.5
-19.2
-3.8
Depreciation and amortisation
24.2
21.6
17.2
+11.7%
Share-based compensation
7.8
8.6
6.8
-10.3%
Dividends paid
21.3
21.0
5.2
+1.8%
Dividend per share
$0.32
$0.32
$0.08
0.0%
Diluted shares, weighted
66m
66m
65m
+0.3%
Shares outstanding at period end
67m
66m
66m
+0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
632
649
518
-2.6%
Non-controlling interest
0.7
0.6
0.6
+10.2%
Debt
0.0
0.0
0.0
Other liabilities
104
92.7
118
+12.4%
Total liabilities and equity
737
742
637
-0.7%
Fixed assets
47.5
64.5
68.6
-26.3%
Goodwill
97.9
88.4
84.7
+10.7%
Intangible assets
60.1
39.4
44.3
+52.5%
Investments
90.4
146
147
-37.9%
Cash and equivalents
83.0
54.6
58.8
+51.9%
Receivables
77.5
78.9
76.7
-1.7%
Inventory
94.4
103
108
-8.3%
Other assets
186
168
48.8
+11.0%
Total assets
737
742
637
-0.7%
10-K for the year ended 30 September 2013, filed 22 November 2013: the filing.