Broadridge Financial Solutions (BR) FY2013 results: revenue $2.4 billion, up 5.5% on the year
Broadridge Financial Solutions, Inc. (BR) reported revenue of $2.4 billion for fiscal 2013, the year ended 30 June 2013, up 5.5% on the year before. Net income was $212 million, up 71.6%, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 8 August 2013.
Revenue
$2.4 billion
+5.5% on the year
FY2009FY2013
Operating margin
13.3%
8.7% a year earlier
FY2009FY2013
Net income
$212 million
+71.6% on the year
FY2009FY2013
Diluted EPS
$1.69
+74.2% on the year
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
2,431
2,304
2,167
+5.5%
Cost of revenue
1,768
1,715
1,617
+3.1%
Gross profit
663
271
550
+144.3%
Gross margin
27.3%
11.8%
25.4%
Selling, general and administrative
324
300
270
+7.9%
Operating income
323
201
270
+60.9%
Operating margin
13.3%
8.7%
12.4%
Pre-tax income
323
201
270
+60.9%
Income tax
111
75.9
97.9
+46.4%
Effective tax rate
34.4%
37.8%
36.3%
Net income
212
124
170
+71.6%
Net margin
8.7%
5.4%
7.8%
Diluted EPS
$1.69
$0.97
$1.32
+74.2%
$ 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
271
284
214
-4.7%
Capital expenditure
38.2
33.8
29.2
+13.0%
Free cash flow
233
250
185
-7.1%
Free cash flow margin
9.6%
10.9%
8.5%
Depreciation and amortisation
47.6
51.0
36.1
-6.7%
Share-based compensation
27.1
28.3
30.0
-4.2%
Buybacks
238
51.6
222
+362.2%
Dividends paid
85.8
78.1
74.8
+9.9%
Dividend per share
$0.72
$0.64
$0.60
+12.5%
Diluted shares, weighted
125m
128m
128m
-1.6%
Shares outstanding at period end
119m
125m
124m
-4.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
816
850
797
-4.1%
Debt
524
524
524
+0.0%
Other liabilities
678
613
582
+10.6%
Total liabilities and equity
2,018
1,988
1,904
+1.5%
Fixed assets
80.9
79.0
83.1
+2.4%
Goodwill
778
780
736
-0.2%
Intangible assets
121
143
147
-15.8%
Investments
20.9
12.6
18.1
+65.9%
Cash and equivalents
266
320
242
-17.0%
Inventory
8.4
8.6
9.4
-2.3%
Other assets
743
644
669
+15.4%
Total assets
2,018
1,988
1,904
+1.5%
10-K for the year ended 30 June 2013, filed 8 August 2013: the filing.