Take-Two Interactive Software (TTWO) FY2013 results: revenue $1.2 billion, up 47.1% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $1.2 billion for fiscal 2013, the year ended 31 March 2013, up 47.1% on the year before. Net income was -$29 million, and diluted earnings per share $-0.34. The figures are the company's own, from the 10-K it filed with the SEC on 14 May 2013.
Revenue
$1.2 billion
+47.1% on the year
FY2010FY2013
Operating margin
0.4%
-10.2% a year earlier
FY2010FY2013
Net income
-$29 million
FY2010FY2013
Diluted EPS
-$0.34
FY2010FY2013
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
1,214
826
1,137
+47.1%
Cost of revenue
716
529
689
+35.4%
Gross profit
499
297
447
+67.9%
Gross margin
41.1%
36.0%
39.4%
Research and development
n/a
n/a
69.6
Operating income
5.2
-84.3
77.1
Operating margin
0.4%
-10.2%
6.8%
Pre-tax income
-26.1
-104
63.6
Income tax
5.0
3.9
9.8
+30.7%
Effective tax rate
n/a
n/a
15.4%
Net income
-29.5
-109
48.5
Net margin
-2.4%
-13.2%
4.3%
Diluted EPS
-$0.34
-$1.31
$0.56
$ 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
-4.6
-85.0
135
Capital expenditure
16.8
10.8
9.7
+55.9%
Free cash flow
-21.4
-95.8
125
Free cash flow margin
-1.8%
-11.6%
11.0%
Cash from investing
-16.8
-14.2
-7.6
Cash from financing
n/a
243
0.7
Depreciation and amortisation
10.6
12.1
15.0
-12.3%
Share-based compensation
35.8
33.5
28.8
+6.8%
Diluted shares, weighted
86m
83m
81m
+2.7%
Shares outstanding at period end
94m
90m
86m
+3.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
588
596
615
-1.3%
Debt
388
388
107
0.0%
Other liabilities
302
166
249
+82.2%
Total liabilities and equity
1,278
1,149
972
+11.2%
Fixed assets
25.4
18.9
19.6
+33.8%
Goodwill
226
228
225
-1.0%
Intangible assets
8.8
16.3
17.8
-45.7%
Cash and equivalents
403
420
280
-4.2%
Receivables
190
45.0
84.2
+321.0%
Inventory
30.2
22.5
24.6
+34.4%
Other assets
395
398
320
-0.7%
Total assets
1,278
1,149
972
+11.2%
10-K for the year ended 31 March 2013, filed 14 May 2013: the filing.