Somnigroup International (SGI) FY2013 results: revenue $2.5 billion, up 75.7% on the year
Somnigroup International Inc. (SGI) reported revenue of $2.5 billion for fiscal 2013, the year ended 31 December 2013, up 75.7% on the year before. Net income was $79 million, down 26.4%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$2.5 billion
+75.7% on the year
FY2008FY2013
Operating margin
9.9%
17.7% a year earlier
FY2008FY2013
Net income
$79 million
-26.4% on the year
FY2008FY2013
Diluted EPS
$0.32
-24.7% 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
2,464
1,403
1,418
+75.7%
Cost of revenue
1,449
688
675
+110.6%
Gross profit
1,015
715
743
+42.0%
Gross margin
41.2%
50.9%
52.4%
Research and development
21.0
15.6
9.9
+34.6%
Operating income
244
248
341
-1.8%
Operating margin
9.9%
17.7%
24.0%
Interest expense
111
18.8
11.9
+489.4%
Pre-tax income
128
229
328
-44.2%
Income tax
49.1
122
109
-59.9%
Effective tax rate
38.4%
53.4%
33.1%
Net income
78.6
107
220
-26.4%
Net margin
3.2%
7.6%
15.5%
Diluted EPS
$0.32
$0.42
$0.80
-24.7%
$ 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
98.5
190
249
-48.1%
Capital expenditure
40.0
50.5
29.5
-20.8%
Free cash flow
58.5
139
219
-58.0%
Free cash flow margin
2.4%
9.9%
15.5%
Cash from investing
-1,213
-55.0
-36.1
Cash from financing
1,013
-70.8
-149
Depreciation and amortisation
91.5
42.0
51.0
+117.9%
Share-based compensation
16.9
5.7
16.7
+196.5%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
246m
252m
277m
-2.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
119
22.3
30.8
+431.8%
Redeemable equity
11.5
n/a
n/a
Debt
1,836
1,025
585
+79.2%
Other liabilities
763
272
222
+180.4%
Total liabilities and equity
2,730
1,320
838
+106.9%
Fixed assets
412
186
161
+121.3%
Goodwill
760
216
213
+251.5%
Intangible assets
750
63.1
66.5
+1,088.7%
Cash and equivalents
81.0
179
111
-54.8%
Receivables
349
136
142
+156.2%
Inventory
199
93.0
91.2
+114.2%
Other assets
179
446
52.9
-59.8%
Total assets
2,730
1,320
838
+106.9%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.