Revvity (RVTY) FY2013 results: revenue $2.2 billion, up 2.5% on the year
Revvity, Inc. (RVTY) reported revenue of $2.2 billion for fiscal 2013, the year ended 29 December 2013, up 2.5% on the year before. Net income was $167 million, up 139.1%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$2.2 billion
+2.5% on the year
FY2008FY2013
Operating margin
10.6%
4.9% a year earlier
FY2008FY2013
Net income
$167 million
+139.1% on the year
FY2008FY2013
Diluted EPS
$1.47
+141.0% 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
2,158
2,105
1,921
+2.5%
Cost of revenue
1,181
1,144
1,071
+3.3%
Gross profit
977
962
848
+1.6%
Gross margin
45.3%
45.7%
44.1%
Research and development
132
132
116
+0.4%
Selling, general and administrative
582
627
624
-7.2%
Operating income
228
103
91.1
+120.9%
Operating margin
10.6%
4.9%
4.7%
Interest expense
49.9
45.8
24.8
+9.0%
Pre-tax income
164
55.2
64.4
+196.7%
Income tax
-10.6
-16.1
63.2
Effective tax rate
-6.5%
-29.2%
98.2%
Net income
167
69.9
7.7
+139.1%
Net margin
7.7%
3.3%
0.4%
Diluted EPS
$1.47
$0.61
$0.07
+141.0%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
159
152
225
+4.2%
Capital expenditure
39.0
42.4
30.6
-8.1%
Free cash flow
120
110
194
+9.0%
Free cash flow margin
5.5%
5.2%
10.1%
Cash from investing
-1.2
-80.3
-910
Cash from financing
-154
-44.2
397
Depreciation and amortisation
127
125
111
+1.4%
Share-based compensation
14.1
20.6
15.5
-31.9%
Buybacks
127
2.1
110
+5,955.0%
Dividends paid
31.6
31.9
31.8
-0.9%
Dividend per share
$0.28
$0.28
$0.28
0.0%
Diluted shares, weighted
114m
115m
114m
-1.2%
Shares outstanding at period end
113m
115m
113m
-2.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,994
1,940
1,842
+2.8%
Debt
935
941
948
-0.6%
Other liabilities
1,017
1,021
1,065
-0.4%
Total liabilities and equity
3,947
3,902
3,856
+1.2%
Fixed assets
183
211
175
-13.0%
Goodwill
2,143
2,123
2,094
+1.0%
Intangible assets
460
530
662
-13.1%
Investments
1.3
1.1
1.1
+14.8%
Cash and equivalents
175
173
142
+0.9%
Receivables
467
457
410
+2.1%
Inventory
261
248
241
+5.4%
Other assets
256
159
132
+60.6%
Total assets
3,947
3,902
3,856
+1.2%
10-K for the year ended 29 December 2013, filed 25 February 2014: the filing.