Rockwell Automation (ROK) FY2013 results: revenue $6.4 billion, up 1.5% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.4 billion for fiscal 2013, the year ended 30 September 2013, up 1.5% on the year before. Net income was $756 million, up 2.6%, and diluted earnings per share $5.36. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2013.
Revenue
$6.4 billion
+1.5% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$756 million
+2.6% on the year
FY2007FY2013
Diluted EPS
$5.36
+4.5% 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
6,352
6,259
6,000
+1.5%
Cost of revenue
3,778
3,737
3,610
+1.1%
Gross profit
2,574
2,523
2,390
+2.0%
Gross margin
40.5%
40.3%
39.8%
Research and development
261
248
244
+5.3%
Selling, general and administrative
1,538
1,492
1,461
+3.1%
Interest expense
60.9
60.1
59.5
+1.3%
Pre-tax income
981
966
868
+1.6%
Income tax
225
229
170
-1.9%
Effective tax rate
22.9%
23.7%
19.7%
Net income
756
737
698
+2.6%
Net margin
11.9%
11.8%
11.6%
Diluted EPS
$5.36
$5.13
$4.80
+4.5%
$ 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
1,008
718
640
+40.4%
Capital expenditure
146
140
120
+4.7%
Free cash flow
862
578
520
+49.0%
Free cash flow margin
13.6%
9.2%
8.7%
Depreciation and amortisation
145
139
131
+4.8%
Share-based compensation
41.1
43.5
39.5
-5.5%
Buybacks
403
259
299
+55.2%
Dividends paid
276
247
211
+11.7%
Dividend per share
$1.98
$1.75
$1.48
+13.5%
Diluted shares, weighted
141m
143m
145m
-1.7%
Shares outstanding at period end
139m
140m
142m
-0.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,586
1,852
1,748
+39.6%
Debt
1,084
1,062
905
+2.1%
Other liabilities
2,175
2,723
2,632
-20.1%
Total liabilities and equity
5,845
5,636
5,285
+3.7%
Fixed assets
616
587
561
+4.9%
Goodwill
1,023
949
953
+7.8%
Intangible assets
213
210
218
+1.6%
Investments
373
350
0.0
+6.5%
Cash and equivalents
1,201
904
989
+32.9%
Receivables
1,186
1,187
1,063
-0.1%
Inventory
615
619
642
-0.6%
Other assets
618
831
859
-25.7%
Total assets
5,845
5,636
5,285
+3.7%
10-K for the year ended 30 September 2013, filed 18 November 2013: the filing.