NCR Voyix (VYX) FY2012 results: revenue $5.7 billion, up 8.3% on the year
NCR Voyix Corp. (VYX) reported revenue of $5.7 billion for fiscal 2012, the year ended 31 December 2012, up 8.3% on the year before. Net income was $481 million, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2013.
Revenue
$5.7 billion
+8.3% on the year
FY2008FY2012
Operating margin
13.1%
-2.8% a year earlier
FY2008FY2012
Net income
$481 million
FY2008FY2012
Diluted EPS
$2.94
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
5,730
5,291
4,711
+8.3%
Cost of revenue
4,085
4,340
3,634
-5.9%
Gross profit
1,645
951
1,077
+73.0%
Gross margin
28.7%
18.0%
22.9%
Research and development
155
209
143
-25.8%
Selling, general and administrative
742
890
636
-16.6%
Operating income
748
-148
298
Operating margin
13.1%
-2.8%
6.3%
Interest expense
42.0
13.0
2.0
+223.1%
Pre-tax income
698
-164
285
Income tax
223
-66.0
5.0
Effective tax rate
31.9%
n/a
1.8%
Net income
481
-190
267
Net margin
8.4%
-3.6%
5.7%
Diluted EPS
$2.94
-$1.20
$1.66
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
-180
388
279
Capital expenditure
80.0
61.0
74.0
+31.1%
Free cash flow
-260
327
205
Free cash flow margin
-4.5%
6.2%
4.4%
Cash from investing
-256
-1,206
-111
Cash from financing
1,131
802
-14.0
+41.0%
Depreciation and amortisation
166
128
114
+29.7%
Share-based compensation
49.0
33.0
21.0
+48.5%
Buybacks
0.0
70.0
20.0
Diluted shares, weighted
164m
158m
161m
+3.7%
Shares outstanding at period end
163m
158m
160m
+3.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,252
718
883
+74.4%
Non-controlling interest
30.0
35.0
33.0
-14.3%
Redeemable equity
15.0
15.0
0.0
0.0%
Short-term borrowings
72.0
1.0
1.0
+7,100.0%
Debt
1,963
852
10.0
+130.4%
Other liabilities
3,039
3,983
3,434
-23.7%
Total liabilities and equity
6,371
5,604
4,361
+13.7%
Fixed assets
308
365
429
-15.6%
Goodwill
1,003
913
115
+9.9%
Intangible assets
304
312
15.0
-2.6%
Cash and equivalents
1,069
398
496
+168.6%
Receivables
1,086
1,032
919
+5.2%
Inventory
797
774
741
+3.0%
Other assets
1,804
1,810
1,646
-0.3%
Total assets
6,371
5,604
4,361
+13.7%
10-K for the year ended 31 December 2012, filed 4 March 2013: the filing.