Ziff Davis (ZD) FY2012 results: revenue $371 million, up 12.5% on the year
Ziff Davis, Inc. (ZD) reported revenue of $371 million for fiscal 2012, the year ended 31 December 2012, up 12.5% on the year before. Net income was $122 million, up 5.9%, and diluted earnings per share $2.61. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$371 million
+12.5% on the year
FY2008FY2012
Operating margin
43.7%
41.2% a year earlier
FY2008FY2012
Net income
$122 million
+5.9% on the year
FY2008FY2012
Diluted EPS
$2.61
+7.4% on the year
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
371
330
255
+12.5%
Gross profit
304
270
211
+12.9%
Gross margin
82.0%
81.6%
82.7%
Research and development
18.6
16.4
12.8
+13.7%
Operating income
162
136
104
+19.3%
Operating margin
43.7%
41.2%
40.7%
Interest expense
9.0
n/a
n/a
Pre-tax income
155
137
111
+13.0%
Income tax
33.3
22.4
27.6
+48.8%
Effective tax rate
21.5%
16.3%
24.9%
Net income
122
115
83.0
+5.9%
Net margin
32.7%
34.8%
32.5%
Diluted EPS
$2.61
$2.43
$1.81
+7.4%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
170
151
96.4
+12.7%
Capital expenditure
5.1
6.8
1.8
-26.1%
Free cash flow
165
144
94.5
+14.6%
Free cash flow margin
44.4%
43.6%
37.0%
Cash from investing
-249
-76.2
-231
Cash from financing
158
0.3
2.7
+46,761.5%
Depreciation and amortisation
22.2
19.8
14.5
+12.2%
Share-based compensation
9.1
9.0
10.9
+1.8%
Buybacks
60.3
1.3
4.2
+4,605.9%
Dividends paid
40.3
19.2
0.0
+110.0%
Dividend per share
$0.87
$0.41
$0.00
+112.2%
Diluted shares, weighted
46m
46m
46m
-1.3%
Shares outstanding at period end
45m
47m
45m
-3.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
595
554
432
+7.3%
Non-controlling interest
-0.1
0.0
0.0
Debt
245
0.0
0.0
Other liabilities
155
96.8
101
+60.5%
Total liabilities and equity
995
651
533
+52.8%
Fixed assets
19.6
14.4
13.6
+35.7%
Goodwill
408
279
282
+46.2%
Intangible assets
133
10.0
11.8
+1,225.8%
Investments
125
81.6
22.2
+53.1%
Trading assets
0.0
0.0
0.0
+50.0%
Cash and equivalents
219
139
64.8
+56.9%
Receivables
37.3
19.1
17.4
+95.5%
Other assets
54.4
108
121
-49.5%
Total assets
995
651
533
+52.8%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.