AYI FY 2013 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2013 Earnings

Reported October 29, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.9B	—	8.0%
Op. Income	$222M	—	$208M	—	6.5%
Gross Margin	40.1%	—	40.8%	—	-0.7pp
Net Margin	6.1%	—	6.0%	—	0.1pp
EPS (Diluted)	$2.95	—	$2.72	—	8.5%
Free Cash Flow	$92M	—	$141M	—	-34.9%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$838M
R&D Expenses	$0
Selling & Marketing	$608M
General & Administrative	$0
SG&A Expenses	$608M
Other Expenses	$9M
Operating Expenses	$616M
Cost & Expenses	$1.9B
OPERATING INCOME	$222M
Interest Income	$700.0K
Interest Expense	$32M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$193M
Income Tax Expense	$66M
Net Income from Continuing Ops	$127M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$127M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$41M
EBIT	$225M
EBITDA	$266M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.3B
GROSS PROFIT	$838M
R&D Expenses	$0
Selling & Marketing	$608M
General & Administrative	$0
SG&A Expenses	$608M
Other Expenses	$9M
Operating Expenses	$616M
Cost & Expenses	$1.9B
OPERATING INCOME	$222M
Interest Income	$700.0K
Interest Expense	$32M
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$193M
Income Tax Expense	$66M
Net Income from Continuing Ops	$127M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$127M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$41M
EBIT	$225M
EBITDA	$266M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$127M
Depreciation & Amortization	$41M
Stock-Based Compensation	$17M
Deferred Income Tax	$7M
Other Non-Cash Items	-$11M
Change in Working Capital	-$48M
OPERATING CASH FLOW	$132M
Capital Expenditure	-$41M
Acquisitions (Net)	-$26M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$22M
Other Financing Activities	$24M
NET CASH FROM FINANCING	$1M
FREE CASH FLOW	$92M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$359M
Short-Term Investments	$0
Net Receivables	$318M
Inventory	$203M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$914M
PP&E (Net)	$148M
Goodwill	$568M
Intangible Assets	$248M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$990M
TOTAL ASSETS	$1.9B
Account Payables	$250M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$29M
TOTAL CURRENT LIABILITIES	$386M
Long-Term Debt	$354M
Deferred Revenue NC	$5M
Deferred Tax Liabilities	$54M
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$524M
TOTAL LIABILITIES	$910M
Common Stock	$500.0K
Additional Paid-In Capital	$736M
Retained Earnings	$740M
Treasury Stock	-$420M
Accum. Other Comp. Income	-$63M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$994M
Minority Interest	$0
TOTAL EQUITY	$994M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$354M
Net Debt	-$6M