Match Group (MTCH) FY2014 results: revenue $3.1 billion, up 2.9% on the year
Match Group, Inc. (MTCH) reported revenue of $3.1 billion for fiscal 2014, the year ended 31 December 2014, up 2.9% on the year before. Net income was $415 million, up 45.2%, and diluted earnings per share $4.68. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$3.1 billion
+2.9% on the year
FY2008FY2014
Operating margin
12.2%
14.1% a year earlier
FY2008FY2014
Net income
$415 million
+45.2% on the year
FY2008FY2014
Diluted EPS
$4.68
+42.2% 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
3,110
3,023
2,801
+2.9%
Cost of revenue
860
977
992
-12.0%
Gross profit
2,249
2,046
1,809
+10.0%
Gross margin
72.3%
67.7%
64.6%
Research and development
169
140
117
+20.6%
Operating income
379
426
324
-11.1%
Operating margin
12.2%
14.1%
11.6%
Interest expense
56.3
33.6
6.1
+67.6%
Pre-tax income
270
416
289
-35.2%
Income tax
35.4
135
119
-73.7%
Effective tax rate
13.1%
32.3%
41.2%
Net income
415
286
159
+45.2%
Net margin
13.3%
9.5%
5.7%
Diluted EPS
$4.68
$3.29
$1.71
+42.2%
$ 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
424
411
355
+3.2%
Capital expenditure
57.2
80.3
51.2
-28.7%
Free cash flow
367
331
303
+10.9%
Free cash flow margin
11.8%
10.9%
10.8%
Depreciation and amortisation
119
119
88.3
+0.3%
Share-based compensation
59.6
53.0
85.6
+12.5%
Buybacks
0.0
264
692
Dividends paid
97.3
79.2
68.2
+22.9%
Dividend per share
$1.16
$0.96
$0.72
+20.8%
Diluted shares, weighted
89m
87m
93m
+2.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,992
1,687
1,656
+18.1%
Non-controlling interest
1.2
42.7
51.9
-97.2%
Redeemable equity
40.4
42.9
58.1
-5.7%
Debt
1,080
1,080
596
0.0%
Other liabilities
1,143
1,382
1,444
-17.3%
Total liabilities and equity
4,257
4,235
3,806
+0.5%
Fixed assets
302
294
271
+2.9%
Goodwill
1,755
1,675
1,616
+4.8%
Intangible assets
492
445
483
+10.5%
Investments
274
186
175
+47.4%
Cash and equivalents
990
1,100
750
-10.0%
Receivables
236
207
230
+13.8%
Other assets
207
326
282
-36.6%
Total assets
4,257
4,235
3,806
+0.5%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.