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Tapestry (TPR) FY2008 results: revenue $3.2 billion

Tapestry, Inc. (TPR) reported revenue of $3.2 billion for fiscal 2008, the year ended 28 June 2008. Net income was $783 million, and diluted earnings per share $2.17. The figures are the company's own, from the 10-K it filed with the SEC on 25 August 2010.

Revenue
$3.2 billion
FY2008FY2008
Operating margin
36.1%
FY2008FY2008
Net income
$783 million
FY2008FY2008
Diluted EPS
$2.17
FY2008FY2008

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2008Last 8 years
Revenue3,181
Cost of revenue774
Gross profit2,407
Gross margin75.7%
Selling, general and administrative1,260
Operating income1,147
Operating margin36.1%
Pre-tax income1,195
Income tax412
Effective tax rate34.5%
Net income783
Net margin24.6%
Diluted EPS$2.17
$ 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

$ millionFY2008Last 8 years
Operating cash flow923
Capital expenditure175
Free cash flow749
Free cash flow margin23.5%
Cash from investing445
Cash from financing-1,230
Depreciation and amortisation101
Share-based compensation67.0
Buybacks1,337
Diluted shares, weighted360m

Balance sheet

$ millionFY2008Last 8 years
Shareholders' equity1,490
Goodwill249
Cash and equivalents699
Other assets1,299
Total assets2,247

10-K for the year ended 28 June 2008, filed 25 August 2010: the filing.