Teradata (TDC) FY2014 results: revenue $2.7 billion, up 1.5% on the year
Teradata Corp. (TDC) reported revenue of $2.7 billion for fiscal 2014, the year ended 31 December 2014, up 1.5% on the year before. Net income was $367 million, down 2.7%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$2.7 billion
+1.5% on the year
FY2008FY2014
Operating margin
18.4%
19.8% a year earlier
FY2008FY2014
Net income
$367 million
-2.7% on the year
FY2008FY2014
Diluted EPS
$2.33
+2.6% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
2,732
2,692
2,665
+1.5%
Cost of revenue
1,253
1,219
1,174
+2.8%
Gross profit
1,479
1,473
1,491
+0.4%
Gross margin
54.1%
54.7%
55.9%
Research and development
206
184
183
+12.0%
Selling, general and administrative
770
757
728
+1.7%
Operating income
503
532
580
-5.5%
Operating margin
18.4%
19.8%
21.8%
Interest expense
3.0
4.0
4.0
-25.0%
Pre-tax income
494
508
578
-2.8%
Income tax
127
131
159
-3.1%
Effective tax rate
25.7%
25.8%
27.5%
Net income
367
377
419
-2.7%
Net margin
13.4%
14.0%
15.7%
Diluted EPS
$2.33
$2.27
$2.44
+2.6%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
680
510
575
+33.3%
Capital expenditure
54.0
60.0
67.0
-10.0%
Free cash flow
626
450
508
+39.1%
Free cash flow margin
22.9%
16.7%
19.1%
Cash from investing
-198
-174
-422
Cash from financing
-326
-362
-196
Depreciation and amortisation
169
147
126
+15.0%
Share-based compensation
50.0
49.0
43.0
+2.0%
Buybacks
551
382
277
+44.2%
Diluted shares, weighted
158m
166m
172m
-5.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,707
1,857
1,779
-8.1%
Short-term borrowings
n/a
0.0
n/a
Debt
468
274
289
+70.8%
Other liabilities
957
965
998
-0.8%
Total liabilities and equity
3,132
3,096
3,066
+1.2%
Fixed assets
159
161
150
-1.2%
Goodwill
948
946
932
+0.2%
Intangible assets
136
149
n/a
-8.7%
Investments
78.0
0.0
n/a
Cash and equivalents
834
695
729
+20.0%
Receivables
619
717
668
-13.7%
Inventory
38.0
56.0
47.0
-32.1%
Other assets
320
372
540
-14.0%
Total assets
3,132
3,096
3,066
+1.2%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.