Jacobs Solutions (J) FY2014 results: revenue $12.7 billion, up 7.4% on the year
Jacobs Solutions Inc. (J) reported revenue of $12.7 billion for fiscal 2014, the year ended 26 September 2014, up 7.4% on the year before. Net income was $328 million, down 22.5%, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2014.
Revenue
$12.7 billion
+7.4% on the year
FY2007FY2014
Operating margin
4.2%
5.7% a year earlier
FY2007FY2014
Net income
$328 million
-22.5% on the year
FY2007FY2014
Diluted EPS
$2.48
-23.2% on the year
FY2007FY2014
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
12,695
11,818
10,894
+7.4%
Selling, general and administrative
1,546
1,173
1,131
+31.7%
Operating income
528
669
596
-21.1%
Operating margin
4.2%
5.7%
5.5%
Interest expense
11.4
12.9
11.7
-11.4%
Pre-tax income
542
662
593
-18.0%
Income tax
190
221
202
-14.1%
Effective tax rate
35.1%
33.5%
34.1%
Net income
328
423
379
-22.5%
Net margin
2.6%
3.6%
3.5%
Diluted EPS
$2.48
$3.23
$2.94
-23.2%
$ 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
722
449
300
+60.9%
Capital expenditure
132
n/a
n/a
Free cash flow
590
n/a
n/a
Free cash flow margin
4.6%
n/a
n/a
Cash from investing
-1,519
-157
-181
Cash from financing
305
-59.7
-2.7
Depreciation and amortisation
98.6
69.9
58.9
+41.1%
Share-based compensation
43.4
39.5
32.4
+9.8%
Buybacks
78.4
0.0
0.0
Diluted shares, weighted
132m
131m
129m
+1.1%
Shares outstanding at period end
132m
132m
130m
+0.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
4,469
4,213
3,722
+6.1%
Non-controlling interest
36.4
35.2
36.4
+3.3%
Redeemable equity
n/a
0.0
8.9
Debt
801
438
528
+82.9%
Other liabilities
3,147
2,588
2,543
+21.6%
Total liabilities and equity
8,454
7,274
6,839
+16.2%
Fixed assets
457
379
331
+20.4%
Goodwill
3,026
2,023
2,010
+49.6%
Intangible assets
440
218
244
+102.0%
Cash and equivalents
733
1,256
1,032
-41.7%
Receivables
2,868
2,549
2,349
+12.5%
Other assets
930
849
873
+9.6%
Total assets
8,454
7,274
6,839
+16.2%
10-K for the year ended 26 September 2014, filed 24 November 2014: the filing.