Teradata (TDC) FY2013 results: revenue $2.7 billion, up 1.0% on the year
Teradata Corp. (TDC) reported revenue of $2.7 billion for fiscal 2013, the year ended 31 December 2013, up 1.0% on the year before. Net income was $377 million, down 10.0%, and diluted earnings per share $2.27. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$2.7 billion
+1.0% on the year
FY2008FY2013
Operating margin
19.8%
21.8% a year earlier
FY2008FY2013
Net income
$377 million
-10.0% on the year
FY2008FY2013
Diluted EPS
$2.27
-7.0% 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
2,692
2,665
2,362
+1.0%
Cost of revenue
1,219
1,174
1,069
+3.8%
Gross profit
1,473
1,491
1,293
-1.2%
Gross margin
54.7%
55.9%
54.7%
Research and development
184
183
174
+0.5%
Selling, general and administrative
757
728
663
+4.0%
Operating income
532
580
456
-8.3%
Operating margin
19.8%
21.8%
19.3%
Interest expense
4.0
4.0
4.0
0.0%
Pre-tax income
508
578
481
-12.1%
Income tax
131
159
128
-17.6%
Effective tax rate
25.8%
27.5%
26.6%
Net income
377
419
353
-10.0%
Net margin
14.0%
15.7%
14.9%
Diluted EPS
$2.27
$2.44
$2.05
-7.0%
$ 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
510
575
513
-11.3%
Capital expenditure
60.0
67.0
42.0
-10.4%
Free cash flow
450
508
471
-11.4%
Free cash flow margin
16.7%
19.1%
19.9%
Cash from investing
-174
-422
-832
Cash from financing
-362
-196
212
Depreciation and amortisation
147
126
102
+16.7%
Share-based compensation
49.0
43.0
35.0
+14.0%
Buybacks
382
277
127
+37.9%
Diluted shares, weighted
166m
172m
172m
-3.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,857
1,779
1,494
+4.4%
Short-term borrowings
0.0
n/a
n/a
Debt
274
289
290
-5.2%
Other liabilities
965
998
832
-3.3%
Total liabilities and equity
3,096
3,066
2,616
+1.0%
Fixed assets
161
150
120
+7.3%
Goodwill
946
932
742
+1.5%
Intangible assets
149
n/a
n/a
Investments
0.0
n/a
n/a
Cash and equivalents
695
729
772
-4.7%
Receivables
717
668
494
+7.3%
Inventory
56.0
47.0
61.0
+19.1%
Other assets
372
540
427
-31.1%
Total assets
3,096
3,066
2,616
+1.0%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.