Factset Research Systems (FDS) FY2013 results: revenue $858 million, up 6.5% on the year
Factset Research Systems Inc. (FDS) reported revenue of $858 million for fiscal 2013, the year ended 31 August 2013, up 6.5% on the year before. Net income was $199 million, up 5.2%, and diluted earnings per share $4.45. The figures are the company's own, from the 10-K it filed with the SEC on 30 October 2013.
Revenue
$858 million
+6.5% on the year
FY2009FY2013
Operating margin
31.4%
33.9% a year earlier
FY2009FY2013
Net income
$199 million
+5.2% on the year
FY2009FY2013
Diluted EPS
$4.45
+8.0% 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
858
806
727
+6.5%
Cost of revenue
306
276
245
+11.2%
Gross profit
552
530
482
+4.1%
Gross margin
64.3%
65.8%
66.3%
Selling, general and administrative
282
257
244
+9.7%
Operating income
269
273
238
-1.3%
Operating margin
31.4%
33.9%
32.8%
Pre-tax income
271
275
239
-1.4%
Income tax
72.3
85.9
67.9
-15.9%
Effective tax rate
26.7%
31.3%
28.4%
Net income
199
189
171
+5.2%
Net margin
23.1%
23.4%
23.5%
Diluted EPS
$4.45
$4.12
$3.61
+8.0%
$ 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
270
232
207
+16.3%
Capital expenditure
18.5
22.5
29.3
-17.8%
Free cash flow
251
209
178
+20.0%
Free cash flow margin
29.3%
26.0%
24.5%
Cash from investing
-20.4
-58.8
-29.3
Cash from financing
-238
-159
-199
Depreciation and amortisation
35.8
33.8
36.8
+5.9%
Share-based compensation
40.0
22.0
25.8
+81.7%
Buybacks
332
154
217
+116.2%
Dividends paid
56.0
50.0
43.9
+12.0%
Dividend per share
n/a
$1.24
n/a
Diluted shares, weighted
45m
46m
47m
-2.6%
Shares outstanding at period end
43m
44m
45m
-2.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
542
552
515
-1.9%
Debt
0.0
0.0
0.0
Other liabilities
148
142
142
+4.6%
Total liabilities and equity
690
694
657
-0.6%
Fixed assets
65.4
76.5
81.6
-14.6%
Goodwill
245
246
228
-0.5%
Intangible assets
36.2
43.4
46.3
-16.5%
Investments
12.7
13.9
n/a
-8.6%
Cash and equivalents
197
189
182
+4.0%
Receivables
73.3
74.3
75.0
-1.3%
Other assets
61.4
51.2
44.6
+19.8%
Total assets
690
694
657
-0.6%
10-K for the year ended 31 August 2013, filed 30 October 2013: the filing.