Emerson Electric (EMR) FY2013 results: revenue $24.7 billion, up 1.1% on the year
Emerson Electric Co. (EMR) reported revenue of $24.7 billion for fiscal 2013, the year ended 30 September 2013, up 1.1% on the year before. Net income was $2.0 billion, up 1.8%, and diluted earnings per share $2.76. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2013.
Revenue
$24.7 billion
+1.1% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$2.0 billion
+1.8% on the year
FY2007FY2013
Diluted EPS
$2.76
+3.4% on the year
FY2007FY2013
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
24,669
24,412
24,222
+1.1%
Cost of revenue
14,717
14,644
14,665
+0.5%
Gross profit
9,952
9,768
9,557
+1.9%
Gross margin
40.3%
40.0%
39.5%
Research and development
576
547
555
+5.3%
Selling, general and administrative
5,648
5,436
5,328
+3.9%
Pre-tax income
3,196
3,115
3,631
+2.6%
Income tax
1,130
1,091
1,127
+3.6%
Effective tax rate
35.4%
35.0%
31.0%
Net income
2,004
1,968
2,480
+1.8%
Net margin
8.1%
8.1%
10.2%
Diluted EPS
$2.76
$2.67
$3.27
+3.4%
$ 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
3,649
3,053
3,233
+19.5%
Capital expenditure
678
665
647
+2.0%
Free cash flow
2,971
2,388
2,586
+24.4%
Free cash flow margin
12.0%
9.8%
10.7%
Cash from investing
-789
-806
-848
Cash from financing
-1,933
-1,899
-1,887
Depreciation and amortisation
819
823
867
-0.5%
Share-based compensation
221
100
121
+121.0%
Buybacks
1,110
797
935
+39.3%
Dividends paid
1,181
1,171
1,039
+0.9%
Dividend per share
$1.64
$1.60
$1.38
+2.5%
Diluted shares, weighted
723m
735m
754m
-1.6%
Shares outstanding at period end
707m
724m
739m
-2.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
10,585
10,295
10,399
+2.8%
Non-controlling interest
133
147
152
-9.5%
Debt
5,642
5,293
5,201
+6.6%
Other liabilities
8,351
8,083
8,109
+3.3%
Total liabilities and equity
24,711
23,818
23,861
+3.7%
Fixed assets
3,605
3,509
3,437
+2.7%
Goodwill
7,509
8,026
8,771
-6.4%
Intangible assets
1,672
1,838
1,969
-9.0%
Cash and equivalents
3,275
2,367
2,052
+38.4%
Receivables
4,808
4,983
4,502
-3.5%
Inventory
1,895
2,125
2,100
-10.8%
Other assets
1,947
970
1,030
+100.7%
Total assets
24,711
23,818
23,861
+3.7%
10-K for the year ended 30 September 2013, filed 19 November 2013: the filing.