Tyson Foods (TSN) FY2013 results: revenue $34.4 billion, up 4.0% on the year
Tyson Foods, Inc. (TSN) reported revenue of $34.4 billion for fiscal 2013, the year ended 28 September 2013, up 4.0% on the year before. Net income was $778 million, up 33.4%, and diluted earnings per share $2.12. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2013.
Revenue
$34.4 billion
+4.0% on the year
FY2008FY2013
Operating margin
4.0%
3.9% a year earlier
FY2008FY2013
Net income
$778 million
+33.4% on the year
FY2008FY2013
Diluted EPS
$2.12
+34.2% 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
34,374
33,055
32,032
+4.0%
Cost of revenue
32,016
30,865
29,837
+3.7%
Gross profit
2,358
2,190
2,199
+7.7%
Gross margin
6.9%
6.6%
6.9%
Research and development
50.0
43.0
42.0
+16.3%
Selling, general and administrative
983
904
906
+8.7%
Operating income
1,375
1,286
1,289
+6.9%
Operating margin
4.0%
3.9%
4.0%
Pre-tax income
1,257
965
1,078
+30.3%
Income tax
409
351
340
+16.5%
Effective tax rate
32.5%
36.4%
31.5%
Net income
778
583
750
+33.4%
Net margin
2.3%
1.8%
2.3%
Diluted EPS
$2.12
$1.58
$1.97
+34.2%
$ 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
1,314
1,187
1,046
+10.7%
Capital expenditure
558
690
643
-19.1%
Free cash flow
756
497
403
+52.1%
Free cash flow margin
2.2%
1.5%
1.3%
Cash from investing
-643
-660
-644
Cash from financing
-600
-171
-658
Depreciation and amortisation
491
459
451
+7.0%
Share-based compensation
36.0
n/a
n/a
Buybacks
614
264
207
+132.6%
Dividends paid
104
57.0
59.0
+82.5%
Diluted shares, weighted
367m
370m
380m
-0.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
6,201
6,012
5,657
+3.1%
Non-controlling interest
32.0
30.0
28.0
+6.7%
Debt
2,408
2,432
2,182
-1.0%
Other liabilities
3,536
3,422
3,204
+3.3%
Total liabilities and equity
12,177
11,896
11,071
+2.4%
Fixed assets
4,053
4,022
3,823
+0.8%
Goodwill
1,902
1,891
1,892
+0.6%
Intangible assets
138
129
149
+7.0%
Cash and equivalents
1,145
1,071
716
+6.9%
Receivables
1,497
1,378
1,321
+8.6%
Inventory
2,817
2,809
2,587
+0.3%
Other assets
625
596
583
+4.9%
Total assets
12,177
11,896
11,071
+2.4%
10-K for the year ended 28 September 2013, filed 18 November 2013: the filing.