LiveRamp Holdings (RAMP) FY2013 results: revenue $1.1 billion, down 5.5% on the year
LiveRamp Holdings, Inc. (RAMP) reported revenue of $1.1 billion for fiscal 2013, the year ended 31 March 2013, down 5.5% on the year before. Net income was $58 million, down 25.4%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 29 May 2013.
Revenue
$1.1 billion
-5.5% on the year
FY2009FY2013
Operating margin
9.5%
7.6% a year earlier
FY2009FY2013
Net income
$58 million
-25.4% on the year
FY2009FY2013
Diluted EPS
$0.75
-21.9% on the year
FY2009FY2013
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
1,068
1,131
1,114
-5.5%
Cost of revenue
811
857
848
-5.4%
Gross profit
257
273
265
-6.0%
Gross margin
24.0%
24.2%
23.8%
Research and development
11.7
5.5
11.6
+112.7%
Selling, general and administrative
154
157
156
-2.0%
Operating income
101
85.6
25.2
+18.1%
Operating margin
9.5%
7.6%
2.3%
Interest expense
12.7
17.4
23.8
-27.2%
Pre-tax income
88.5
66.7
-0.1
+32.6%
Income tax
32.6
29.1
31.7
+12.1%
Effective tax rate
36.9%
43.6%
n/a
Net income
57.6
77.3
-23.1
-25.4%
Net margin
5.4%
6.8%
-2.1%
Diluted EPS
$0.75
$0.96
-$0.36
-21.9%
$ 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
150
229
166
-34.6%
Capital expenditure
38.2
51.6
59.0
-26.0%
Free cash flow
112
178
107
-37.1%
Free cash flow margin
10.5%
15.7%
9.6%
Cash from investing
-66.9
3.4
-90.8
Cash from financing
-89.2
-210
-92.6
Depreciation and amortisation
116
135
146
-14.1%
Share-based compensation
12.0
9.0
13.1
+33.8%
Buybacks
74.4
65.5
n/a
+13.5%
Diluted shares, weighted
76m
80m
80m
-4.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
620
612
585
+1.3%
Non-controlling interest
-0.4
0.1
5.9
Debt
254
278
422
-8.9%
Other liabilities
315
343
293
-8.1%
Total liabilities and equity
1,188
1,233
1,307
-3.7%
Fixed assets
231
253
255
-8.9%
Goodwill
381
382
398
-0.3%
Intangible assets
0.7
2.4
12.4
-70.8%
Cash and equivalents
223
230
207
-2.9%
Receivables
160
169
171
-5.6%
Other assets
192
196
263
-1.7%
Total assets
1,188
1,233
1,307
-3.7%
10-K for the year ended 31 March 2013, filed 29 May 2013: the filing.