Trimble (TRMB) FY2013 results: revenue $2.3 billion, up 12.2% on the year
Trimble Inc. (TRMB) reported revenue of $2.3 billion for fiscal 2013, the year ended 3 January 2014, up 12.2% on the year before. Net income was $219 million, up 14.5%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$2.3 billion
+12.2% on the year
FY2008FY2013
Operating margin
11.0%
10.4% a year earlier
FY2008FY2013
Net income
$219 million
+14.5% on the year
FY2008FY2013
Diluted EPS
$0.84
+12.8% 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
2,288
2,040
1,644
+12.2%
Cost of revenue
1,084
994
814
+9.1%
Gross profit
1,204
1,046
830
+15.1%
Gross margin
52.6%
51.3%
50.5%
Research and development
299
256
197
+16.8%
Operating income
252
213
156
+18.4%
Operating margin
11.0%
10.4%
9.5%
Interest expense
n/a
n/a
8.6
Pre-tax income
253
229
167
+10.2%
Income tax
34.7
39.7
18.5
-12.6%
Effective tax rate
13.7%
17.3%
11.1%
Net income
219
191
151
+14.5%
Net margin
9.6%
9.4%
9.2%
Diluted EPS
$0.84
$0.74
$0.60
+12.8%
$ 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
415
341
242
+21.7%
Capital expenditure
70.9
54.1
23.3
+31.1%
Free cash flow
344
287
218
+19.9%
Free cash flow margin
15.0%
14.0%
13.3%
Cash from investing
-325
-764
-774
Cash from financing
-98.4
426
464
Depreciation and amortisation
108
149
106
-27.4%
Share-based compensation
36.4
32.7
28.5
+11.6%
Buybacks
0.0
0.0
0.0
Diluted shares, weighted
261m
257m
252m
+1.7%
Shares outstanding at period end
259m
254m
247m
+1.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,221
1,897
1,569
+17.0%
Non-controlling interest
13.1
16.1
19.6
-18.6%
Debt
758
911
564
-16.8%
Other liabilities
708
644
499
+9.9%
Total liabilities and equity
3,701
3,469
2,652
+6.7%
Fixed assets
143
96.9
62.7
+47.6%
Goodwill
1,985
1,816
1,298
+9.3%
Intangible assets
619
644
477
-3.9%
Cash and equivalents
147
158
155
-6.7%
Receivables
338
323
275
+4.5%
Inventory
254
241
232
+5.7%
Other assets
214
190
153
+12.3%
Total assets
3,701
3,469
2,652
+6.7%
10-K for the year ended 3 January 2014, filed 25 February 2014: the filing.