ROSS Stores (ROST) FY2013 results: revenue $10.2 billion, up 5.2% on the year
ROSS Stores, Inc. (ROST) reported revenue of $10.2 billion for fiscal 2013, the year ended 1 February 2014, up 5.2% on the year before. Net income was $837 million, up 6.4%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 1 April 2014.
Revenue
$10.2 billion
+5.2% on the year
FY2008FY2013
Operating margin
13.1%
13.0% a year earlier
FY2008FY2013
Net income
$837 million
+6.4% on the year
FY2008FY2013
Diluted EPS
$1.94
+9.9% on the year
FY2008FY2013
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
10,230
9,721
8,608
+5.2%
Cost of revenue
7,361
7,011
6,241
+5.0%
Gross profit
2,869
2,710
2,368
+5.9%
Gross margin
28.0%
27.9%
27.5%
Selling, general and administrative
1,526
1,438
1,304
+6.2%
Operating income
1,343
1,265
1,053
+6.2%
Operating margin
13.1%
13.0%
12.2%
Interest expense
9.7
9.7
n/a
0.0%
Pre-tax income
1,343
1,265
1,053
+6.2%
Income tax
506
478
396
+5.8%
Effective tax rate
37.7%
37.8%
37.6%
Net income
837
787
657
+6.4%
Net margin
8.2%
8.1%
7.6%
Diluted EPS
$1.94
$1.76
$1.43
+9.9%
$ 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
1,022
980
820
+4.3%
Capital expenditure
551
424
416
+29.7%
Free cash flow
471
555
404
-15.1%
Free cash flow margin
4.6%
5.7%
4.7%
Cash from investing
-564
-426
-472
Cash from financing
-682
-557
-532
Depreciation and amortisation
206
185
160
+11.1%
Share-based compensation
46.8
49.0
40.4
-4.3%
Buybacks
550
450
450
+22.2%
Dividends paid
148
126
102
+17.7%
Dividend per share
$0.26
$0.29
$0.23
-13.6%
Diluted shares, weighted
432m
446m
460m
-3.1%
Shares outstanding at period end
427m
441m
454m
-3.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,007
1,767
1,493
+13.6%
Debt
150
150
150
0.0%
Other liabilities
1,739
1,754
1,658
-0.8%
Total liabilities and equity
3,897
3,671
3,301
+6.2%
Fixed assets
1,875
1,493
1,242
+25.6%
Goodwill
2.9
2.9
2.9
0.0%
Investments
15.7
5.5
6.3
+187.8%
Cash and equivalents
423
647
650
-34.6%
Receivables
62.6
59.6
50.8
+5.0%
Inventory
1,257
1,209
1,130
+4.0%
Other assets
260
253
220
+2.6%
Total assets
3,897
3,671
3,301
+6.2%
10-K for the year ended 1 February 2014, filed 1 April 2014: the filing.