Ralph Lauren (RL) FY2013 results: revenue $6.9 billion, up 1.2% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.9 billion for fiscal 2013, the year ended 30 March 2013, up 1.2% on the year before. Net income was $750 million, up 10.1%, and diluted earnings per share $8.00. The figures are the company's own, from the 10-K it filed with the SEC on 23 May 2013.
Revenue
$6.9 billion
+1.2% on the year
FY2009FY2013
Operating margin
16.2%
15.2% a year earlier
FY2009FY2013
Net income
$750 million
+10.1% on the year
FY2009FY2013
Diluted EPS
$8.00
+12.2% 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
6,945
6,860
5,660
+1.2%
Cost of revenue
2,789
2,861
2,342
-2.5%
Gross profit
4,156
3,998
3,318
+3.9%
Gross margin
59.8%
58.3%
58.6%
Selling, general and administrative
2,972
2,915
2,443
+1.9%
Operating income
1,127
1,039
845
+8.4%
Operating margin
16.2%
15.2%
14.9%
Interest expense
22.0
24.0
18.3
-8.3%
Pre-tax income
1,089
1,015
825
+7.3%
Income tax
339
334
258
+1.6%
Effective tax rate
31.1%
32.9%
31.2%
Net income
750
681
568
+10.1%
Net margin
10.8%
9.9%
10.0%
Diluted EPS
$8.00
$7.13
$5.75
+12.2%
$ 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
1,019
885
689
+15.1%
Capital expenditure
276
272
255
+1.6%
Free cash flow
742
613
434
+21.1%
Free cash flow margin
10.7%
8.9%
7.7%
Cash from investing
-113
-249
-299
Cash from financing
-595
-408
-513
Depreciation and amortisation
233
225
194
+3.5%
Share-based compensation
88.0
77.9
70.4
+13.0%
Buybacks
497
419
595
+18.6%
Dividends paid
128
74.0
38.5
+72.7%
Dividend per share
$1.60
$0.80
$0.50
+100.0%
Diluted shares, weighted
94m
96m
99m
-1.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
3,785
3,652
3,305
+3.6%
Short-term borrowings
n/a
n/a
0.0
Debt
267
274
292
-2.8%
Other liabilities
1,367
1,490
1,384
-8.2%
Total liabilities and equity
5,418
5,416
4,981
+0.0%
Fixed assets
932
884
789
+5.4%
Goodwill
968
1,004
1,016
-3.6%
Intangible assets
328
359
388
-8.7%
Investments
406
616
678
-34.1%
Cash and equivalents
974
672
453
+45.0%
Receivables
458
547
443
-16.3%
Inventory
896
842
702
+6.5%
Other assets
456
493
513
-7.5%
Total assets
5,418
5,416
4,981
+0.0%
10-K for the year ended 30 March 2013, filed 23 May 2013: the filing.