Fair Isaac (FICO) FY2013 results: revenue $743 million, up 9.9% on the year
Fair Isaac Corp. (FICO) reported revenue of $743 million for fiscal 2013, the year ended 30 September 2013, up 9.9% on the year before. Net income was $90 million, down 2.1%, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2013.
Revenue
$743 million
+9.9% on the year
FY2008FY2013
Operating margin
21.7%
24.9% a year earlier
FY2008FY2013
Net income
$90 million
-2.1% on the year
FY2008FY2013
Diluted EPS
$2.48
-2.7% on the year
FY2008FY2013
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
743
676
620
+9.9%
Cost of revenue
229
198
186
+15.9%
Gross profit
514
478
433
+7.4%
Gross margin
69.1%
70.7%
69.9%
Research and development
67.0
59.5
62.1
+12.5%
Selling, general and administrative
268
239
224
+12.5%
Operating income
162
168
127
-4.0%
Operating margin
21.7%
24.9%
20.5%
Interest expense
30.3
31.4
32.4
-3.6%
Pre-tax income
132
136
97.5
-3.1%
Income tax
41.9
44.2
25.9
-5.3%
Effective tax rate
31.7%
32.5%
26.6%
Net income
90.1
92.0
71.6
-2.1%
Net margin
12.1%
13.6%
11.5%
Diluted EPS
$2.48
$2.55
$1.79
-2.7%
$ 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
136
130
136
+4.9%
Capital expenditure
24.1
25.5
14.0
-5.2%
Free cash flow
112
104
122
+7.4%
Free cash flow margin
15.1%
15.4%
19.7%
Cash from investing
n/a
-65.7
-51.7
Cash from financing
n/a
-128
-94.0
Depreciation and amortisation
33.2
21.5
24.2
+54.1%
Share-based compensation
25.9
21.2
15.5
+21.8%
Buybacks
82.8
191
91.4
-56.7%
Dividends paid
2.8
2.8
3.1
+0.7%
Dividend per share
$0.08
$0.08
$0.08
0.0%
Diluted shares, weighted
36m
36m
40m
+0.6%
Shares outstanding at period end
35m
35m
37m
-0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
531
474
465
+11.9%
Debt
470
504
512
-6.7%
Other liabilities
161
180
152
-10.7%
Total liabilities and equity
1,162
1,159
1,129
+0.3%
Fixed assets
45.2
41.1
33.0
+9.9%
Goodwill
774
758
665
+2.2%
Intangible assets
57.4
52.3
19.5
+9.7%
Investments
7.1
27.4
110
-74.1%
Cash and equivalents
83.2
71.6
136
+16.2%
Receivables
144
143
105
+0.8%
Other assets
51.1
66.1
61.5
-22.7%
Total assets
1,162
1,159
1,129
+0.3%
10-K for the year ended 30 September 2013, filed 12 November 2013: the filing.