Fair Isaac (FICO) FY2012 results: revenue $676 million, up 9.2% on the year
Fair Isaac Corp. (FICO) reported revenue of $676 million for fiscal 2012, the year ended 30 September 2012, up 9.2% on the year before. Net income was $92 million, up 28.6%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2012.
Revenue
$676 million
+9.2% on the year
FY2008FY2012
Operating margin
24.9%
20.5% a year earlier
FY2008FY2012
Net income
$92 million
+28.6% on the year
FY2008FY2012
Diluted EPS
$2.55
+42.5% on the year
FY2008FY2012
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
676
620
606
+9.2%
Cost of revenue
198
186
181
+6.2%
Gross profit
478
433
425
+10.4%
Gross margin
70.7%
69.9%
70.1%
Research and development
59.5
62.1
73.6
-4.2%
Selling, general and administrative
239
224
225
+6.7%
Operating income
168
127
113
+32.2%
Operating margin
24.9%
20.5%
18.7%
Interest expense
31.4
32.4
24.1
-2.9%
Pre-tax income
136
97.5
92.3
+39.8%
Income tax
44.2
25.9
27.8
+70.9%
Effective tax rate
32.5%
26.6%
30.2%
Net income
92.0
71.6
64.5
+28.6%
Net margin
13.6%
11.5%
10.6%
Diluted EPS
$2.55
$1.79
$1.42
+42.5%
$ 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
130
136
106
-4.7%
Capital expenditure
25.5
14.0
17.5
+81.8%
Free cash flow
104
122
88.3
-14.6%
Free cash flow margin
15.4%
19.7%
14.6%
Cash from investing
-65.7
-51.7
111
Cash from financing
-128
-94.0
-248
Depreciation and amortisation
21.5
24.2
30.9
-10.9%
Share-based compensation
21.2
15.5
17.3
+37.0%
Buybacks
191
91.4
196
+109.0%
Dividends paid
2.8
3.1
3.6
-10.7%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
36m
40m
45m
-9.8%
Shares outstanding at period end
35m
37m
40m
-6.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
474
465
475
+1.9%
Debt
504
512
520
-1.6%
Other liabilities
180
152
129
+18.6%
Total liabilities and equity
1,159
1,129
1,124
+2.6%
Fixed assets
41.1
33.0
31.0
+24.4%
Goodwill
758
665
666
+14.0%
Intangible assets
52.3
19.5
27.2
+168.2%
Investments
27.4
110
73.0
-75.1%
Cash and equivalents
71.6
136
146
-47.3%
Receivables
143
105
113
+35.8%
Other assets
66.1
61.5
67.2
+7.4%
Total assets
1,159
1,129
1,124
+2.6%
10-K for the year ended 30 September 2012, filed 16 November 2012: the filing.