Factset Research Systems (FDS) FY2012 results: revenue $806 million, up 10.9% on the year
Factset Research Systems Inc. (FDS) reported revenue of $806 million for fiscal 2012, the year ended 31 August 2012, up 10.9% on the year before. Net income was $189 million, up 10.4%, and diluted earnings per share $4.12. The figures are the company's own, from the 10-K it filed with the SEC on 30 October 2012.
Revenue
$806 million
+10.9% on the year
FY2009FY2012
Operating margin
33.9%
32.8% a year earlier
FY2009FY2012
Net income
$189 million
+10.4% on the year
FY2009FY2012
Diluted EPS
$4.12
+14.1% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
806
727
641
+10.9%
Cost of revenue
276
245
207
+12.6%
Gross profit
530
482
435
+10.0%
Gross margin
65.8%
66.3%
67.8%
Selling, general and administrative
257
244
213
+5.6%
Operating income
273
238
222
+14.5%
Operating margin
33.9%
32.8%
34.6%
Pre-tax income
275
239
222
+15.0%
Income tax
85.9
67.9
72.0
+26.5%
Effective tax rate
31.3%
28.4%
32.4%
Net income
189
171
150
+10.4%
Net margin
23.4%
23.5%
23.4%
Diluted EPS
$4.12
$3.61
$3.13
+14.1%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
232
207
211
+12.0%
Capital expenditure
22.5
29.3
20.8
-23.3%
Free cash flow
209
178
190
+17.8%
Free cash flow margin
26.0%
24.5%
29.7%
Cash from investing
-58.8
-29.3
-75.9
Cash from financing
-159
-199
-152
Depreciation and amortisation
33.8
36.8
37.3
-8.3%
Share-based compensation
22.0
25.8
14.1
-14.7%
Buybacks
154
217
193
-29.1%
Dividends paid
50.0
43.9
38.5
+13.7%
Dividend per share
$1.24
n/a
n/a
Diluted shares, weighted
46m
47m
48m
-3.3%
Shares outstanding at period end
44m
45m
46m
-1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
552
515
502
+7.2%
Debt
0.0
0.0
0.0
Other liabilities
142
142
142
-0.3%
Total liabilities and equity
694
657
645
+5.6%
Fixed assets
76.5
81.6
79.5
-6.2%
Goodwill
246
228
222
+7.7%
Intangible assets
43.4
46.3
52.2
-6.3%
Investments
13.9
n/a
n/a
Cash and equivalents
189
182
196
+4.1%
Receivables
74.3
75.0
59.7
-1.0%
Other assets
51.2
44.6
35.5
+15.0%
Total assets
694
657
645
+5.6%
10-K for the year ended 31 August 2012, filed 30 October 2012: the filing.