Jabil (JBL) FY2013 results: revenue $17.2 billion, up 6.9% on the year
Jabil Inc. (JBL) reported revenue of $17.2 billion for fiscal 2013, the year ended 31 August 2013, up 6.9% on the year before. Net income was $371 million, down 5.9%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 28 October 2013.
Revenue
$17.2 billion
+6.9% on the year
FY2009FY2013
Operating margin
2.6%
3.4% a year earlier
FY2009FY2013
Net income
$371 million
-5.9% on the year
FY2009FY2013
Diluted EPS
$1.79
-4.3% on the year
FY2009FY2013
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
17,249
16,141
16,519
+6.9%
Cost of revenue
16,037
14,980
15,264
+7.1%
Gross profit
1,212
1,161
1,255
+4.4%
Gross margin
7.0%
7.2%
7.6%
Research and development
28.5
25.8
25.0
+10.2%
Selling, general and administrative
614
573
591
+7.3%
Operating income
452
550
579
-17.7%
Operating margin
2.6%
3.4%
3.5%
Interest expense
121
106
97.7
+14.1%
Pre-tax income
327
437
481
-25.1%
Income tax
7.6
103
98.2
-92.6%
Effective tax rate
2.3%
23.6%
20.4%
Net income
371
395
381
-5.9%
Net margin
2.2%
2.4%
2.3%
Diluted EPS
$1.79
$1.87
$1.73
-4.3%
$ 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
1,214
634
828
+91.4%
Capital expenditure
737
498
459
+48.1%
Free cash flow
477
137
369
+249.4%
Free cash flow margin
2.8%
0.8%
2.2%
Cash from investing
-1,374
-606
-426
Cash from financing
-23.0
317
-268
Depreciation and amortisation
418
353
319
+18.3%
Share-based compensation
68.4
81.4
76.2
-16.0%
Buybacks
129
71.0
200
+82.1%
Dividends paid
67.2
65.2
60.4
+3.0%
Dividend per share
$0.32
$0.32
$0.28
0.0%
Diluted shares, weighted
208m
211m
221m
-1.6%
Shares outstanding at period end
203m
206m
203m
-1.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,335
2,105
1,867
+10.9%
Non-controlling interest
20.3
2.3
16.7
+790.3%
Debt
1,906
1,676
1,187
+13.7%
Other liabilities
4,892
4,019
3,987
+21.7%
Total liabilities and equity
9,154
7,803
7,058
+17.3%
Fixed assets
2,309
1,779
1,641
+29.8%
Goodwill
349
95.0
36.2
+267.3%
Intangible assets
260
119
89.1
+118.8%
Cash and equivalents
1,011
1,217
889
-16.9%
Receivables
n/a
n/a
1,101
Inventory
2,119
2,269
2,227
-6.6%
Other assets
3,105
2,324
1,074
+33.6%
Total assets
9,154
7,803
7,058
+17.3%
10-K for the year ended 31 August 2013, filed 28 October 2013: the filing.