Cooper Companies (COO) FY2013 results: revenue $1.6 billion, up 9.9% on the year
Cooper Companies, Inc. (COO) reported revenue of $1.6 billion for fiscal 2013, the year ended 31 October 2013, up 9.9% on the year before. Net income was $296 million, up 19.3%, and diluted earnings per share $1.49. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2013.
Revenue
$1.6 billion
+9.9% on the year
FY2008FY2013
Operating margin
19.3%
19.6% a year earlier
FY2008FY2013
Net income
$296 million
+19.3% on the year
FY2008FY2013
Diluted EPS
$1.49
+18.0% on the year
FY2008FY2013
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
1,588
1,445
1,331
+9.9%
Cost of revenue
561
521
526
+7.6%
Gross profit
1,027
924
805
+11.1%
Gross margin
64.7%
63.9%
60.5%
Research and development
58.8
51.7
43.6
+13.7%
Selling, general and administrative
611
565
513
+8.1%
Operating income
306
283
228
+8.0%
Operating margin
19.3%
19.6%
17.1%
Interest expense
9.2
11.8
17.3
-22.1%
Pre-tax income
312
275
193
+13.4%
Income tax
15.4
26.8
17.3
-42.7%
Effective tax rate
4.9%
9.7%
9.0%
Net income
296
248
175
+19.3%
Net margin
18.7%
17.2%
13.2%
Diluted EPS
$1.49
$1.26
$0.91
+18.0%
$ 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
416
315
336
+32.0%
Capital expenditure
178
99.8
104
+78.5%
Free cash flow
238
215
233
+10.4%
Free cash flow margin
15.0%
14.9%
17.5%
Cash from investing
-190
-238
-162
Cash from financing
-162
-68.4
-173
Depreciation and amortisation
125
111
98.1
+12.7%
Share-based compensation
28.5
21.5
13.9
+32.5%
Buybacks
167
71.2
0.0
+135.2%
Dividends paid
2.9
2.9
2.8
+2.1%
Dividend per share
$0.01
$0.01
n/a
0.0%
Diluted shares, weighted
199m
197m
193m
+1.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,405
2,193
1,937
+9.7%
Non-controlling interest
19.0
20.4
0.0
-7.1%
Debt
345
374
380
-7.8%
Other liabilities
369
355
307
+4.1%
Total liabilities and equity
3,137
2,941
2,625
+6.7%
Fixed assets
740
640
609
+15.6%
Goodwill
1,388
1,370
1,277
+1.3%
Intangible assets
199
215
128
-7.5%
Cash and equivalents
77.4
12.8
5.2
+502.7%
Receivables
230
234
215
-2.0%
Inventory
339
320
254
+5.8%
Other assets
165
149
137
+11.0%
Total assets
3,137
2,941
2,625
+6.7%
10-K for the year ended 31 October 2013, filed 20 December 2013: the filing.