Copart (CPRT) FY2013 results: revenue $1.0 billion, up 13.2% on the year
Copart Inc. (CPRT) reported revenue of $1.0 billion for fiscal 2013, the year ended 31 July 2013, up 13.2% on the year before. Net income was $180 million, down 1.1%, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 30 September 2013.
Revenue
$1.0 billion
+13.2% on the year
FY2009FY2013
Operating margin
27.0%
31.0% a year earlier
FY2009FY2013
Net income
$180 million
-1.1% on the year
FY2009FY2013
Diluted EPS
$0.17
0.0% 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
1,046
924
872
+13.2%
Cost of revenue
167
137
125
+22.1%
Gross profit
879
787
747
+11.7%
Gross margin
84.0%
85.2%
85.6%
Operating income
283
286
265
-1.2%
Operating margin
27.0%
31.0%
30.4%
Interest expense
10.3
11.3
4.1
-9.5%
Pre-tax income
277
278
264
-0.4%
Income tax
96.8
95.9
97.5
+0.9%
Effective tax rate
35.0%
34.5%
36.9%
Net income
180
182
166
-1.1%
Net margin
17.2%
19.7%
19.1%
Diluted EPS
$0.17
$0.17
$0.14
0.0%
$ 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
199
230
243
-13.2%
Capital expenditure
130
54.8
70.2
+137.6%
Free cash flow
69.1
175
173
-60.5%
Free cash flow margin
6.6%
18.9%
19.8%
Cash from investing
n/a
n/a
-84.5
Cash from financing
n/a
n/a
-354
Depreciation and amortisation
56.7
48.2
45.7
+17.8%
Share-based compensation
19.6
21.8
19.0
-10.3%
Buybacks
15.0
203
740
-92.6%
Diluted shares, weighted
1,038m
1,051m
1,227m
-1.3%
Shares outstanding at period end
1,004m
995m
1,056m
+0.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
762
561
555
+35.9%
Short-term borrowings
n/a
n/a
50.4
Debt
372
444
375
-16.1%
Other liabilities
200
150
104
+32.9%
Total liabilities and equity
1,334
1,155
1,084
+15.5%
Fixed assets
678
587
600
+15.4%
Goodwill
267
196
199
+36.2%
Intangible assets
17.7
8.0
12.7
+121.7%
Cash and equivalents
63.6
140
74.0
-54.6%
Receivables
183
138
123
+32.5%
Inventory
10.7
8.5
8.0
+26.4%
Other assets
115
77.0
67.8
+49.0%
Total assets
1,334
1,155
1,084
+15.5%
10-K for the year ended 31 July 2013, filed 30 September 2013: the filing.