NCR Voyix (VYX) FY2013 results: revenue $6.1 billion, up 6.9% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.1 billion for fiscal 2013, the year ended 31 December 2013, up 6.9% on the year before. Net income was $443 million, down 7.9%, and diluted earnings per share $2.62. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$6.1 billion
+6.9% on the year
FY2008FY2013
Operating margin
10.9%
13.1% a year earlier
FY2008FY2013
Net income
$443 million
-7.9% on the year
FY2008FY2013
Diluted EPS
$2.62
-10.9% 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
6,123
5,730
5,291
+6.9%
Cost of revenue
4,383
4,085
4,340
+7.3%
Gross profit
1,740
1,645
951
+5.8%
Gross margin
28.4%
28.7%
18.0%
Research and development
203
155
209
+31.0%
Selling, general and administrative
871
742
890
+17.4%
Operating income
666
748
-148
-11.0%
Operating margin
10.9%
13.1%
-2.8%
Interest expense
103
42.0
13.0
+145.2%
Pre-tax income
554
698
-164
-20.6%
Income tax
98.0
223
-66.0
-56.1%
Effective tax rate
17.7%
31.9%
n/a
Net income
443
481
-190
-7.9%
Net margin
7.2%
8.4%
-3.6%
Diluted EPS
$2.62
$2.94
-$1.20
-10.9%
$ 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
281
-180
388
Capital expenditure
116
80.0
61.0
+45.0%
Free cash flow
165
-260
327
Free cash flow margin
2.7%
-4.5%
6.2%
Cash from investing
-2,105
-256
-1,206
Cash from financing
1,357
1,131
802
+20.0%
Depreciation and amortisation
208
166
128
+25.3%
Share-based compensation
41.0
49.0
33.0
-16.3%
Buybacks
0.0
0.0
70.0
Diluted shares, weighted
169m
164m
158m
+3.4%
Shares outstanding at period end
167m
163m
158m
+2.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,769
1,252
718
+41.3%
Non-controlling interest
14.0
30.0
35.0
-53.3%
Redeemable equity
14.0
15.0
15.0
-6.7%
Short-term borrowings
34.0
72.0
1.0
-52.8%
Debt
3,354
1,963
852
+70.9%
Other liabilities
2,923
3,039
3,983
-3.8%
Total liabilities and equity
8,108
6,371
5,604
+27.3%
Fixed assets
352
308
365
+14.3%
Goodwill
1,534
1,003
913
+52.9%
Intangible assets
494
304
312
+62.5%
Cash and equivalents
528
1,069
398
-50.6%
Receivables
1,339
1,086
1,032
+23.3%
Inventory
790
797
774
-0.9%
Other assets
3,071
1,804
1,810
+70.2%
Total assets
8,108
6,371
5,604
+27.3%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.