Omnicom Group (OMC) FY2013 results: revenue $14.6 billion, up 2.6% on the year
Omnicom Group Inc. (OMC) reported revenue of $14.6 billion for fiscal 2013, the year ended 31 December 2013, up 2.6% on the year before. Net income was $991 million, down 0.7%, and diluted earnings per share $3.71. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2014.
Revenue
$14.6 billion
+2.6% on the year
FY2007FY2013
Operating margin
12.5%
12.7% a year earlier
FY2007FY2013
Net income
$991 million
-0.7% on the year
FY2007FY2013
Diluted EPS
$3.71
+2.8% 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
14,584
14,219
13,872
+2.6%
Operating income
1,825
1,804
1,671
+1.2%
Operating margin
12.5%
12.7%
12.0%
Interest expense
197
180
158
+9.7%
Pre-tax income
1,661
1,660
1,549
+0.1%
Income tax
565
527
506
+7.2%
Effective tax rate
34.0%
31.8%
32.7%
Net income
991
998
953
-0.7%
Net margin
6.8%
7.0%
6.9%
Diluted EPS
$3.71
$3.61
$3.33
+2.8%
$ 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
1,809
1,451
1,315
+24.6%
Capital expenditure
212
226
186
-6.3%
Free cash flow
1,597
1,225
1,130
+30.4%
Free cash flow margin
10.9%
8.6%
8.1%
Cash from investing
-228
-350
-575
Cash from financing
-1,420
-220
-1,206
Depreciation and amortisation
285
283
274
+0.7%
Share-based compensation
86.3
80.8
74.5
+6.8%
Buybacks
575
1,136
849
-49.4%
Dividends paid
318
398
269
-20.0%
Dividend per share
$1.60
$1.20
$1.00
+33.3%
Diluted shares, weighted
260m
270m
283m
-3.6%
Shares outstanding at period end
258m
262m
273m
-1.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,582
3,461
3,504
+3.5%
Non-controlling interest
486
496
476
-2.0%
Debt
4,040
4,455
3,193
-9.3%
Other liabilities
13,991
13,740
13,332
+1.8%
Total liabilities and equity
22,099
22,152
20,505
-0.2%
Fixed assets
737
724
683
+1.9%
Goodwill
8,916
8,844
8,456
+0.8%
Intangible assets
386
456
468
-15.4%
Investments
18.2
20.6
23.8
-11.7%
Cash and equivalents
2,710
2,678
1,781
+1.2%
Receivables
6,633
6,958
6,632
-4.7%
Other assets
2,698
2,471
2,461
+9.2%
Total assets
22,099
22,152
20,505
-0.2%
10-K for the year ended 31 December 2013, filed 12 February 2014: the filing.