NCR Voyix (VYX) FY2011 results: revenue $5.3 billion, up 12.3% on the year
NCR Voyix Corp. (VYX) reported revenue of $5.3 billion for fiscal 2011, the year ended 31 December 2011, up 12.3% on the year before. Net income was -$190 million, and diluted earnings per share $-1.20. The figures are the company's own, from the 8-K it filed with the SEC on 3 December 2013.
Revenue
$5.3 billion
+12.3% on the year
FY2008FY2011
Operating margin
-2.8%
6.3% a year earlier
FY2008FY2011
Net income
-$190 million
FY2008FY2011
Diluted EPS
-$1.20
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
5,291
4,711
4,579
+12.3%
Cost of revenue
4,340
3,634
3,682
+19.4%
Gross profit
951
1,077
897
-11.7%
Gross margin
18.0%
22.9%
19.6%
Research and development
209
143
134
+46.2%
Selling, general and administrative
890
636
629
+39.9%
Operating income
-148
298
134
Operating margin
-2.8%
6.3%
2.9%
Interest expense
13.0
2.0
10.0
+550.0%
Pre-tax income
-164
285
93.0
Income tax
-66.0
5.0
8.0
Effective tax rate
n/a
1.8%
8.6%
Net income
-190
267
-33.0
Net margin
-3.6%
5.7%
-0.7%
Diluted EPS
-$1.20
$1.66
-$0.21
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
388
279
289
+39.1%
Capital expenditure
61.0
74.0
52.0
-17.6%
Free cash flow
327
205
237
+59.5%
Free cash flow margin
6.2%
4.4%
5.2%
Cash from investing
-1,206
-111
-134
Cash from financing
802
-14.0
-288
Depreciation and amortisation
128
114
122
+12.3%
Share-based compensation
33.0
21.0
12.0
+57.1%
Buybacks
70.0
20.0
1.0
+250.0%
Diluted shares, weighted
158m
161m
160m
-2.0%
Shares outstanding at period end
158m
160m
160m
-1.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
718
883
564
-18.7%
Non-controlling interest
35.0
33.0
28.0
+6.1%
Redeemable equity
15.0
0.0
n/a
Short-term borrowings
1.0
1.0
4.0
0.0%
Debt
852
10.0
11.0
+8,420.0%
Other liabilities
3,983
3,434
3,487
+16.0%
Total liabilities and equity
5,604
4,361
4,094
+28.5%
Fixed assets
365
429
356
-14.9%
Goodwill
913
115
100
+693.9%
Intangible assets
312
15.0
n/a
+1,980.0%
Cash and equivalents
398
496
451
-19.8%
Receivables
1,032
919
896
+12.3%
Inventory
774
741
686
+4.5%
Other assets
1,810
1,646
1,605
+10.0%
Total assets
5,604
4,361
4,094
+28.5%
8-K for the year ended 31 December 2011, filed 3 December 2013: the filing.