Fair Isaac (FICO) FY2011 results: revenue $620 million, up 2.3% on the year
Fair Isaac Corp. (FICO) reported revenue of $620 million for fiscal 2011, the year ended 30 September 2011, up 2.3% on the year before. Net income was $72 million, up 11.0%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2011.
Revenue
$620 million
+2.3% on the year
FY2008FY2011
Operating margin
20.5%
18.7% a year earlier
FY2008FY2011
Net income
$72 million
+11.0% on the year
FY2008FY2011
Diluted EPS
$1.79
+26.1% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
620
606
631
+2.3%
Cost of revenue
186
181
206
+3.1%
Gross profit
433
425
424
+2.0%
Gross margin
69.9%
70.1%
67.3%
Research and development
62.1
73.6
73.6
-15.6%
Selling, general and administrative
224
225
209
-0.7%
Operating income
127
113
117
+12.3%
Operating margin
20.5%
18.7%
18.5%
Interest expense
32.4
24.1
25.5
+34.2%
Pre-tax income
97.5
92.3
97.6
+5.6%
Income tax
25.9
27.8
32.1
-7.0%
Effective tax rate
26.6%
30.2%
32.9%
Net income
71.6
64.5
65.1
+11.0%
Net margin
11.5%
10.6%
10.3%
Diluted EPS
$1.79
$1.42
$1.33
+26.1%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
136
106
152
+28.7%
Capital expenditure
14.0
17.5
14.0
-19.7%
Free cash flow
122
88.3
138
+38.3%
Free cash flow margin
19.7%
14.6%
21.8%
Cash from investing
-51.7
111
-81.9
Cash from financing
-94.0
-248
-18.8
Depreciation and amortisation
24.2
30.9
38.4
-21.7%
Share-based compensation
15.5
17.3
19.9
-10.4%
Buybacks
91.4
196
18.5
-53.4%
Dividends paid
3.1
3.6
3.9
-12.3%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
40m
45m
49m
-11.7%
Shares outstanding at period end
37m
40m
48m
-7.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
465
475
600
-2.0%
Debt
512
520
275
-1.5%
Other liabilities
152
129
429
+18.0%
Total liabilities and equity
1,129
1,124
1,304
+0.5%
Fixed assets
33.0
31.0
34.3
+6.6%
Goodwill
665
666
668
-0.2%
Intangible assets
19.5
27.2
38.3
-28.4%
Investments
110
73.0
201
+50.7%
Cash and equivalents
136
146
178
-7.1%
Receivables
105
113
102
-7.3%
Other assets
61.5
67.2
82.7
-8.4%
Total assets
1,129
1,124
1,304
+0.5%
10-K for the year ended 30 September 2011, filed 18 November 2011: the filing.