LiveRamp Holdings (RAMP) FY2014 results: revenue $805 million, down 24.6% on the year
LiveRamp Holdings, Inc. (RAMP) reported revenue of $805 million for fiscal 2014, the year ended 31 March 2014, down 24.6% on the year before. Net income was $9 million, down 84.6%, and diluted earnings per share $0.12. The figures are the company's own, from the 10-K it filed with the SEC on 28 May 2014.
Revenue
$805 million
-24.6% on the year
FY2009FY2014
Operating margin
0.2%
9.5% a year earlier
FY2009FY2014
Net income
$9 million
-84.6% on the year
FY2009FY2014
Diluted EPS
$0.12
-84.0% on the year
FY2009FY2014
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
805
1,068
1,131
-24.6%
Cost of revenue
506
811
857
-37.7%
Gross profit
300
257
273
+16.7%
Gross margin
37.2%
24.0%
24.2%
Research and development
62.8
11.7
5.5
+436.8%
Selling, general and administrative
169
154
157
+10.0%
Operating income
1.6
101
85.6
-98.5%
Operating margin
0.2%
9.5%
7.6%
Interest expense
8.7
12.7
17.4
-31.7%
Pre-tax income
-5.3
88.5
66.7
Income tax
12.0
32.6
29.1
-63.1%
Effective tax rate
n/a
36.9%
43.6%
Net income
8.9
57.6
77.3
-84.6%
Net margin
1.1%
5.4%
6.8%
Diluted EPS
$0.12
$0.75
$0.96
-84.0%
$ 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
165
150
229
+9.9%
Capital expenditure
26.0
38.2
51.6
-32.0%
Free cash flow
139
112
178
+24.2%
Free cash flow margin
17.3%
10.5%
15.7%
Cash from investing
n/a
-66.9
3.4
Cash from financing
n/a
-89.2
-210
Depreciation and amortisation
56.9
116
135
-50.8%
Share-based compensation
13.2
12.0
9.0
+10.0%
Buybacks
52.7
74.4
65.5
-29.2%
Diluted shares, weighted
77m
76m
80m
+0.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
683
620
612
+10.2%
Non-controlling interest
n/a
-0.4
0.1
Debt
318
254
278
+25.3%
Other liabilities
323
315
343
+2.5%
Total liabilities and equity
1,323
1,188
1,233
+11.4%
Fixed assets
217
231
253
-6.0%
Goodwill
287
381
382
-24.7%
Intangible assets
0.5
0.7
2.4
-32.7%
Cash and equivalents
419
223
230
+87.7%
Receivables
161
160
169
+0.5%
Other assets
240
192
196
+24.7%
Total assets
1,323
1,188
1,233
+11.4%
10-K for the year ended 31 March 2014, filed 28 May 2014: the filing.