Fair Isaac (FICO) FY2014 results: revenue $789 million, up 6.1% on the year
Fair Isaac Corp. (FICO) reported revenue of $789 million for fiscal 2014, the year ended 30 September 2014, up 6.1% on the year before. Net income was $95 million, up 5.3%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 10 November 2014.
Revenue
$789 million
+6.1% on the year
FY2008FY2014
Operating margin
20.5%
21.7% a year earlier
FY2008FY2014
Net income
$95 million
+5.3% on the year
FY2008FY2014
Diluted EPS
$2.72
+9.7% on the year
FY2008FY2014
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
789
743
676
+6.1%
Cost of revenue
249
229
198
+8.6%
Gross profit
540
514
478
+5.0%
Gross margin
68.4%
69.1%
70.7%
Research and development
83.4
67.0
59.5
+24.6%
Selling, general and administrative
278
268
239
+3.7%
Operating income
162
162
168
+0.2%
Operating margin
20.5%
21.7%
24.9%
Interest expense
28.6
30.3
31.4
-5.7%
Pre-tax income
133
132
136
+0.9%
Income tax
38.3
41.9
44.2
-8.7%
Effective tax rate
28.7%
31.7%
32.5%
Net income
94.9
90.1
92.0
+5.3%
Net margin
12.0%
12.1%
13.6%
Diluted EPS
$2.72
$2.48
$2.55
+9.7%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
175
136
130
+28.6%
Capital expenditure
12.6
24.1
25.5
-47.9%
Free cash flow
162
112
104
+45.1%
Free cash flow margin
20.6%
15.1%
15.4%
Cash from investing
n/a
n/a
-65.7
Cash from financing
n/a
n/a
-128
Depreciation and amortisation
32.6
33.2
21.5
-1.8%
Share-based compensation
36.4
25.9
21.2
+40.7%
Buybacks
217
82.8
191
+162.3%
Dividends paid
2.7
2.8
2.8
-3.9%
Dividend per share
n/a
$0.08
$0.08
Diluted shares, weighted
35m
36m
36m
-3.9%
Shares outstanding at period end
32m
35m
35m
-7.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
455
531
474
-14.3%
Debt
546
470
504
+16.2%
Other liabilities
192
161
180
+19.2%
Total liabilities and equity
1,192
1,162
1,159
+2.6%
Fixed assets
36.7
45.2
41.1
-18.8%
Goodwill
780
774
758
+0.8%
Intangible assets
47.9
57.4
52.3
-16.5%
Investments
8.8
7.1
27.4
+23.1%
Cash and equivalents
105
83.2
71.6
+26.3%
Receivables
155
144
143
+8.0%
Other assets
58.7
51.1
66.1
+14.8%
Total assets
1,192
1,162
1,159
+2.6%
10-K for the year ended 30 September 2014, filed 10 November 2014: the filing.