Match Group (MTCH) FY2012 results: revenue $2.8 billion, up 36.0% on the year
Match Group, Inc. (MTCH) reported revenue of $2.8 billion for fiscal 2012, the year ended 31 December 2012, up 36.0% on the year before. Net income was $159 million, down 8.6%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$2.8 billion
+36.0% on the year
FY2008FY2012
Operating margin
11.6%
9.6% a year earlier
FY2008FY2012
Net income
$159 million
-8.6% on the year
FY2008FY2012
Diluted EPS
$1.71
-7.6% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
2,801
2,059
1,637
+36.0%
Cost of revenue
992
n/a
594
Gross profit
1,809
n/a
1,043
Gross margin
64.6%
n/a
63.7%
Research and development
117
90.8
65.1
+28.4%
Operating income
324
198
49.8
+63.6%
Operating margin
11.6%
9.6%
3.0%
Interest expense
6.1
5.4
5.4
+13.2%
Pre-tax income
289
172
22.7
+68.5%
Income tax
119
-4.0
32.1
Effective tax rate
41.2%
-2.4%
141.4%
Net income
159
174
99.4
-8.6%
Net margin
5.7%
8.5%
6.1%
Diluted EPS
$1.71
$1.85
$0.93
-7.6%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
355
372
n/a
-4.8%
Capital expenditure
51.2
40.0
39.8
+28.1%
Free cash flow
303
332
n/a
-8.8%
Free cash flow margin
10.8%
16.1%
n/a
Depreciation and amortisation
88.3
78.8
91.4
+12.0%
Share-based compensation
85.6
88.6
84.3
-3.3%
Buybacks
692
508
540
+36.3%
Dividends paid
68.2
10.7
n/a
+538.9%
Dividend per share
$0.72
$0.12
$0.00
+500.0%
Diluted shares, weighted
93m
94m
106m
-1.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,656
1,905
2,050
-13.1%
Non-controlling interest
51.9
55.1
n/a
-5.8%
Redeemable equity
58.1
50.3
59.9
+15.4%
Debt
596
95.8
95.8
+521.7%
Other liabilities
1,444
1,304
1,123
+10.8%
Total liabilities and equity
3,806
3,410
3,329
+11.6%
Fixed assets
271
260
268
+4.2%
Goodwill
1,616
1,359
989
+19.0%
Intangible assets
483
378
245
+27.7%
Investments
175
335
765
-47.8%
Cash and equivalents
750
704
742
+6.5%
Receivables
230
177
120
+29.8%
Other assets
282
198
200
+42.4%
Total assets
3,806
3,410
3,329
+11.6%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.