Coherent (COHR) FY2013 results: revenue $551 million, up 6.7% on the year
Coherent Corp. (COHR) reported revenue of $551 million for fiscal 2013, the year ended 30 June 2013, up 6.7% on the year before. Net income was $51 million, down 15.7%, and diluted earnings per share $0.80. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2013.
Revenue
$551 million
+6.7% on the year
FY2009FY2013
Operating margin
13.0%
15.8% a year earlier
FY2009FY2013
Net income
$51 million
-15.7% on the year
FY2009FY2013
Diluted EPS
$0.80
-14.9% 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
551
516
503
+6.7%
Cost of revenue
348
315
296
+10.3%
Gross profit
204
201
207
+1.1%
Gross margin
36.9%
39.0%
41.1%
Research and development
22.7
21.4
16.1
+6.0%
Selling, general and administrative
109
98.4
92.0
+11.1%
Operating income
71.5
81.5
102
-12.3%
Operating margin
13.0%
15.8%
20.2%
Interest expense
1.2
0.2
0.1
+447.2%
Pre-tax income
77.5
88.5
102
-12.4%
Income tax
18.8
17.8
18.7
+5.7%
Effective tax rate
24.2%
20.1%
18.4%
Net income
50.8
60.3
82.7
-15.7%
Net margin
9.2%
11.7%
16.4%
Diluted EPS
$0.80
$0.94
$1.30
-14.9%
$ 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
108
88.1
73.5
+22.2%
Capital expenditure
25.2
42.8
40.9
-41.2%
Free cash flow
82.4
45.2
32.6
+82.2%
Free cash flow margin
15.0%
8.8%
6.5%
Cash from investing
-145
-84.9
-52.5
Cash from financing
85.8
-14.8
19.2
Depreciation and amortisation
40.8
34.5
28.4
+18.2%
Share-based compensation
12.0
11.6
10.0
+3.2%
Buybacks
20.0
5.0
n/a
+300.5%
Diluted shares, weighted
64m
64m
64m
-0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
636
586
521
+8.5%
Non-controlling interest
n/a
1.4
0.7
Redeemable equity
n/a
5.2
1.8
Debt
114
12.8
18.7
+793.1%
Other liabilities
114
101
105
+12.6%
Total liabilities and equity
864
706
647
+22.3%
Fixed assets
171
154
138
+10.9%
Goodwill
123
80.7
64.3
+52.8%
Intangible assets
86.7
44.0
28.7
+97.0%
Cash and equivalents
185
135
149
+37.4%
Receivables
107
105
90.6
+2.3%
Inventory
142
138
126
+3.1%
Other assets
48.6
50.5
49.6
-3.7%
Total assets
864
706
647
+22.3%
10-K for the year ended 30 June 2013, filed 28 August 2013: the filing.