Exponent (EXPO) FY2013 results: revenue $296 million, up 1.2% on the year
Exponent Inc. (EXPO) reported revenue of $296 million for fiscal 2013, the year ended 3 January 2014, up 1.2% on the year before. Net income was $39 million, up 3.8%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$296 million
+1.2% on the year
FY2009FY2013
Operating margin
18.9%
19.7% a year earlier
FY2009FY2013
Net income
$39 million
+3.8% on the year
FY2009FY2013
Diluted EPS
$0.69
+6.2% 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
296
293
272
+1.2%
Operating income
55.9
57.6
53.5
-2.9%
Operating margin
18.9%
19.7%
19.6%
Pre-tax income
63.9
61.7
54.8
+3.6%
Income tax
25.3
24.5
22.1
+3.2%
Effective tax rate
39.6%
39.7%
40.4%
Net income
38.6
37.2
32.7
+3.8%
Net margin
13.0%
12.7%
12.0%
Diluted EPS
$0.69
$0.65
$0.56
+6.2%
$ 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
61.8
48.5
46.6
+27.4%
Capital expenditure
6.2
4.9
3.8
+26.0%
Free cash flow
55.6
43.6
42.8
+27.6%
Free cash flow margin
18.8%
14.9%
15.7%
Cash from investing
n/a
-1.2
-29.4
Cash from financing
n/a
-18.9
-39.3
Depreciation and amortisation
5.0
4.7
4.4
+5.1%
Share-based compensation
13.2
12.4
10.3
+6.4%
Buybacks
25.5
22.9
40.6
+11.5%
Dividends paid
7.9
0.0
0.0
Dividend per share
$0.15
$0.00
n/a
Diluted shares, weighted
56m
57m
59m
-1.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
235
216
187
+8.6%
Debt
0.0
0.0
0.0
Other liabilities
109
99.0
82.1
+10.2%
Total liabilities and equity
344
315
269
+9.1%
Fixed assets
28.7
27.4
27.2
+4.6%
Goodwill
8.6
8.6
8.6
0.0%
Investments
33.2
20.9
25.3
+58.9%
Cash and equivalents
123
113
84.4
+8.5%
Receivables
77.0
85.4
73.1
-9.8%
Other assets
73.7
59.9
50.2
+23.2%
Total assets
344
315
269
+9.1%
10-K for the year ended 3 January 2014, filed 3 March 2014: the filing.