Factset Research Systems (FDS) FY2014 results: revenue $920 million, up 7.3% on the year
Factset Research Systems Inc. (FDS) reported revenue of $920 million for fiscal 2014, the year ended 31 August 2014, up 7.3% on the year before. Net income was $212 million, up 6.5%, and diluted earnings per share $4.92. The figures are the company's own, from the 10-K it filed with the SEC on 30 October 2014.
Revenue
$920 million
+7.3% on the year
FY2009FY2014
Operating margin
32.8%
31.4% a year earlier
FY2009FY2014
Net income
$212 million
+6.5% on the year
FY2009FY2014
Diluted EPS
$4.92
+10.6% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
920
858
806
+7.3%
Cost of revenue
354
306
276
+15.4%
Gross profit
567
552
530
+2.7%
Gross margin
61.6%
64.3%
65.8%
Selling, general and administrative
264
282
257
-6.3%
Operating income
302
269
273
+12.2%
Operating margin
32.8%
31.4%
33.9%
Pre-tax income
303
271
275
+12.0%
Income tax
91.9
72.3
85.9
+27.2%
Effective tax rate
30.3%
26.7%
31.3%
Net income
212
199
189
+6.5%
Net margin
23.0%
23.1%
23.4%
Diluted EPS
$4.92
$4.45
$4.12
+10.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
265
270
232
-1.8%
Capital expenditure
17.7
18.5
22.5
-4.2%
Free cash flow
247
251
209
-1.6%
Free cash flow margin
26.9%
29.3%
26.0%
Cash from investing
-70.7
-20.4
-58.8
Cash from financing
-277
-238
-159
Depreciation and amortisation
34.4
35.8
33.8
-3.8%
Share-based compensation
22.9
40.0
22.0
-42.7%
Buybacks
280
332
154
-15.8%
Dividends paid
61.0
56.0
50.0
+8.9%
Dividend per share
n/a
n/a
$1.24
Diluted shares, weighted
43m
45m
46m
-3.7%
Shares outstanding at period end
42m
43m
44m
-3.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
511
542
552
-5.7%
Debt
0.0
0.0
0.0
Other liabilities
152
148
142
+2.5%
Total liabilities and equity
663
690
694
-3.9%
Fixed assets
57.6
65.4
76.5
-11.8%
Goodwill
286
245
246
+16.8%
Intangible assets
41.9
36.2
43.4
+15.5%
Investments
20.0
12.7
13.9
+57.2%
Cash and equivalents
116
197
189
-40.8%
Receivables
90.4
73.3
74.3
+23.3%
Other assets
51.4
61.4
51.2
-16.3%
Total assets
663
690
694
-3.9%
10-K for the year ended 31 August 2014, filed 30 October 2014: the filing.