Procter & Gamble (PG) FY2013 results: revenue $73.9 billion, down 9.9% on the year
Procter & Gamble Co. (PG) reported revenue of $73.9 billion for fiscal 2013, the year ended 30 June 2013, down 9.9% on the year before. Net income was $11.3 billion, up 5.2%, and diluted earnings per share $3.86. The figures are the company's own, from the 10-K it filed with the SEC on 8 August 2013.
Revenue
$73.9 billion
-9.9% on the year
FY2007FY2013
Operating margin
17.7%
15.9% a year earlier
FY2007FY2013
Net income
$11.3 billion
+5.2% on the year
FY2007FY2013
Diluted EPS
$3.86
+5.5% 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
73,910
82,006
81,104
-9.9%
Cost of revenue
38,052
41,411
39,859
-8.1%
Gross profit
35,858
40,595
41,245
-11.7%
Gross margin
48.5%
49.5%
50.9%
Research and development
1,900
2,000
2,000
-5.0%
Selling, general and administrative
22,499
25,984
25,750
-13.4%
Operating income
13,051
13,035
15,495
+0.1%
Operating margin
17.7%
15.9%
19.1%
Interest expense
667
769
831
-13.3%
Income tax
3,062
3,378
3,299
-9.4%
Net income
11,312
10,756
11,797
+5.2%
Net margin
15.3%
13.1%
14.5%
Diluted EPS
$3.86
$3.66
$3.93
+5.5%
$ 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
14,873
13,284
13,330
+12.0%
Capital expenditure
4,008
3,964
3,306
+1.1%
Free cash flow
10,865
9,320
10,024
+16.6%
Free cash flow margin
14.7%
11.4%
12.4%
Cash from investing
-6,312
-1,093
-3,482
Cash from financing
-7,071
-10,410
-10,122
Depreciation and amortisation
2,982
3,204
2,838
-6.9%
Share-based compensation
346
377
414
-8.2%
Buybacks
5,986
4,024
7,039
+48.8%
Dividends paid
6,519
6,139
5,767
+6.2%
Dividend per share
$2.29
$2.14
$1.97
+7.0%
Diluted shares, weighted
2,931m
2,941m
3,002m
-0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
68,709
64,035
68,001
+7.3%
Debt
31,543
29,778
32,014
+5.9%
Other liabilities
39,011
38,431
38,339
+1.5%
Total liabilities and equity
139,263
132,244
138,354
+5.3%
Fixed assets
21,666
20,377
21,293
+6.3%
Goodwill
52,284
53,773
57,562
-2.8%
Intangible assets
31,572
30,988
32,620
+1.9%
Investments
0.0
n/a
n/a
Cash and equivalents
5,930
4,436
2,768
+33.7%
Receivables
6,508
6,068
6,275
+7.3%
Inventory
6,909
6,721
7,379
+2.8%
Other assets
14,394
9,881
10,457
+45.7%
Total assets
139,263
132,244
138,354
+5.3%
10-K for the year ended 30 June 2013, filed 8 August 2013: the filing.