Northern Trust (NTRS) FY2013 results: revenue $4.1 billion, up 5.0% on the year
Northern Trust Corp. (NTRS) reported revenue of $4.1 billion for fiscal 2013, the year ended 31 December 2013, up 5.0% on the year before. Net income was $731 million, up 6.4%, and diluted earnings per share $2.99. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$4.1 billion
+5.0% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$731 million
+6.4% on the year
FY2007FY2013
Diluted EPS
$2.99
+6.4% 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
4,089
3,896
3,770
+5.0%
Interest expense
222
297
400
-25.2%
Pre-tax income
1,076
992
884
+8.4%
Income tax
344
305
280
+12.9%
Effective tax rate
32.0%
30.7%
31.7%
Net income
731
687
604
+6.4%
Net margin
17.9%
17.6%
16.0%
Diluted EPS
$2.99
$2.81
$2.47
+6.4%
$ 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
839
814
1,254
+3.1%
Capital expenditure
91.9
73.3
96.9
+25.4%
Free cash flow
747
741
1,157
+0.9%
Cash from investing
-5,683
1,628
-15,388
Cash from financing
4,388
-3,073
15,804
Share-based compensation
73.8
73.9
70.3
-0.1%
Buybacks
310
162
79.0
+90.7%
Dividends paid
221
354
274
-37.7%
Diluted shares, weighted
241m
241m
242m
-0.1%
Shares outstanding at period end
237m
239m
241m
-0.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
7,912
7,527
7,117
+5.1%
Deposits
84,098
81,408
82,678
+3.3%
Debt
7,424
5,952
7,482
+24.7%
Other liabilities
3,513
2,577
2,946
+36.3%
Total liabilities and equity
102,947
97,464
100,224
+5.6%
Fixed assets
459
470
494
-2.4%
Goodwill
541
538
532
+0.5%
Intangible assets
83.0
104
123
-20.2%
Securities held for sale or to maturity
30,719
31,026
30,992
-1.0%
Loans
29,107
29,207
28,769
-0.3%
Resale agreements
530
60.8
121
+771.1%
Trading assets
1.7
8.0
8.0
-78.8%
Other assets
41,508
36,051
39,184
+15.1%
Total assets
102,947
97,464
100,224
+5.6%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.