Universal (UVV) FY2013 results: revenue $2.5 billion, up 0.6% on the year
Universal Corp. (UVV) reported revenue of $2.5 billion for fiscal 2013, the year ended 31 March 2013, up 0.6% on the year before. Net income was $133 million, up 44.2%, and diluted earnings per share $4.66. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2013.
Revenue
$2.5 billion
+0.6% on the year
FY2009FY2013
Operating margin
9.1%
7.4% a year earlier
FY2009FY2013
Net income
$133 million
+44.2% on the year
FY2009FY2013
Diluted EPS
$4.66
+43.4% on the year
FY2009FY2013
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
2,462
2,447
2,572
+0.6%
Cost of revenue
1,999
1,975
2,063
+1.2%
Gross profit
462
472
508
-2.0%
Gross margin
18.8%
19.3%
19.8%
Selling, general and administrative
235
252
259
-6.5%
Operating income
223
180
255
+23.7%
Operating margin
9.1%
7.4%
9.9%
Interest expense
22.0
22.8
23.1
-3.6%
Pre-tax income
207
162
243
+28.0%
Income tax
66.4
61.2
78.3
+8.5%
Effective tax rate
32.0%
37.8%
32.3%
Net income
133
92.1
157
+44.2%
Net margin
5.4%
3.8%
6.1%
Diluted EPS
$4.66
$3.25
$5.42
+43.4%
$ 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
234
200
54.2
+17.4%
Capital expenditure
30.8
38.2
39.1
-19.4%
Free cash flow
204
162
15.1
+26.0%
Free cash flow margin
8.3%
6.6%
0.6%
Cash from investing
-26.2
-9.9
1.7
Cash from financing
-102
-67.3
-162
Depreciation and amortisation
45.1
43.9
45.3
+2.8%
Share-based compensation
6.2
6.0
5.9
+3.1%
Buybacks
8.5
4.0
46.9
+111.8%
Dividends paid
46.0
44.7
45.3
+2.9%
Dividend per share
$1.98
$1.94
$1.90
+2.1%
Diluted shares, weighted
28m
28m
29m
+0.5%
Shares outstanding at period end
23m
n/a
23m
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,259
1,183
1,186
+6.3%
Non-controlling interest
29.1
22.5
13.8
+29.0%
Debt
498
537
564
-7.3%
Other liabilities
521
524
464
-0.7%
Total liabilities and equity
2,306
2,267
2,228
+1.7%
Fixed assets
287
303
317
-5.2%
Goodwill
98.4
98.3
98.3
+0.1%
Trading assets
19.2
n/a
n/a
Cash and equivalents
368
262
141
+40.6%
Receivables
402
391
336
+2.8%
Other assets
1,132
1,213
1,336
-6.7%
Total assets
2,306
2,267
2,228
+1.7%
10-K for the year ended 31 March 2013, filed 24 May 2013: the filing.