Jacobs Solutions (J) FY2013 results: revenue $11.8 billion, up 8.5% on the year
Jacobs Solutions Inc. (J) reported revenue of $11.8 billion for fiscal 2013, the year ended 27 September 2013, up 8.5% on the year before. Net income was $423 million, up 11.6%, and diluted earnings per share $3.23. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2013.
Revenue
$11.8 billion
+8.5% on the year
FY2007FY2013
Operating margin
5.7%
5.5% a year earlier
FY2007FY2013
Net income
$423 million
+11.6% on the year
FY2007FY2013
Diluted EPS
$3.23
+9.9% on the year
FY2007FY2013
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
11,818
10,894
10,382
+8.5%
Selling, general and administrative
1,173
1,131
1,041
+3.8%
Operating income
669
596
519
+12.2%
Operating margin
5.7%
5.5%
5.0%
Interest expense
12.9
11.7
8.8
+10.4%
Pre-tax income
662
593
517
+11.5%
Income tax
221
202
181
+9.4%
Effective tax rate
33.5%
34.1%
35.1%
Net income
423
379
331
+11.6%
Net margin
3.6%
3.5%
3.2%
Diluted EPS
$3.23
$2.94
$2.60
+9.9%
$ 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
449
300
236
+49.6%
Cash from investing
-157
-181
-802
Cash from financing
-59.7
-2.7
557
Depreciation and amortisation
69.9
58.9
57.6
+18.7%
Share-based compensation
39.5
32.4
29.1
+21.8%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
131m
129m
127m
+1.8%
Shares outstanding at period end
132m
130m
128m
+1.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
4,213
3,722
3,313
+13.2%
Non-controlling interest
35.2
36.4
10.4
-3.2%
Redeemable equity
0.0
8.9
0.0
Debt
438
528
568
-17.1%
Other liabilities
2,588
2,543
2,308
+1.8%
Total liabilities and equity
7,274
6,839
6,199
+6.4%
Fixed assets
379
331
285
+14.5%
Goodwill
2,023
2,010
1,873
+0.6%
Intangible assets
218
244
259
-10.6%
Cash and equivalents
1,256
1,032
906
+21.7%
Receivables
2,549
2,349
2,077
+8.5%
Other assets
849
873
800
-2.8%
Total assets
7,274
6,839
6,199
+6.4%
10-K for the year ended 27 September 2013, filed 22 November 2013: the filing.