Omnicom Group (OMC) FY2014 results: revenue $15.3 billion, up 5.0% on the year
Omnicom Group Inc. (OMC) reported revenue of $15.3 billion for fiscal 2014, the year ended 31 December 2014, up 5.0% on the year before. Net income was $1.1 billion, up 11.4%, and diluted earnings per share $4.24. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2015.
Revenue
$15.3 billion
+5.0% on the year
FY2007FY2014
Operating margin
12.7%
12.5% a year earlier
FY2007FY2014
Net income
$1.1 billion
+11.4% on the year
FY2007FY2014
Diluted EPS
$4.24
+14.3% on the year
FY2007FY2014
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
15,318
14,584
14,219
+5.0%
Cost of revenue
12,602
n/a
n/a
Gross profit
2,716
n/a
n/a
Gross margin
17.7%
n/a
n/a
Selling, general and administrative
477
n/a
n/a
Operating income
1,944
1,825
1,804
+6.5%
Operating margin
12.7%
12.5%
12.7%
Interest expense
177
197
180
-10.1%
Pre-tax income
1,810
1,661
1,660
+9.0%
Income tax
593
565
527
+4.9%
Effective tax rate
32.8%
34.0%
31.8%
Net income
1,104
991
998
+11.4%
Net margin
7.2%
6.8%
7.0%
Diluted EPS
$4.24
$3.71
$3.61
+14.3%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,476
1,809
1,451
-18.4%
Capital expenditure
213
212
226
+0.5%
Free cash flow
1,264
1,597
1,225
-20.9%
Free cash flow margin
8.2%
10.9%
8.6%
Cash from investing
-267
-228
-350
Cash from financing
-1,258
-1,420
-220
Depreciation and amortisation
294
285
283
+3.4%
Share-based compensation
93.5
86.3
80.8
+8.3%
Buybacks
1,063
575
1,136
+84.8%
Dividends paid
468
318
398
+47.0%
Dividend per share
$1.90
$1.60
$1.20
+18.7%
Diluted shares, weighted
255m
260m
270m
-2.0%
Shares outstanding at period end
247m
258m
262m
-4.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,850
3,582
3,461
-20.4%
Non-controlling interest
471
486
496
-2.9%
Debt
4,550
4,040
4,455
+12.6%
Other liabilities
13,557
13,991
13,740
-3.1%
Total liabilities and equity
21,428
22,099
22,152
-3.0%
Fixed assets
708
737
724
-4.0%
Goodwill
8,822
8,916
8,844
-1.1%
Intangible assets
389
386
456
+0.9%
Investments
2.2
18.2
20.6
-87.9%
Cash and equivalents
2,388
2,710
2,678
-11.9%
Receivables
6,525
6,633
6,958
-1.6%
Other assets
2,594
2,698
2,471
-3.9%
Total assets
21,428
22,099
22,152
-3.0%
10-K for the year ended 31 December 2014, filed 10 February 2015: the filing.