ERIC FY 2013 Earnings Report — Telefonaktiebolaget LM Ericsson (publ) Revenue & Financial Results | Market Cap Arena

Telefonaktiebolaget LM Ericsson (publ)ERIC

FY 2013 Earnings

Reported April 8, 2014

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	$24.5B	—	$23.9B	—	2.7%
Op. Income	$2.4B	—	$1.7B	—	45.7%
Gross Margin	33.2%	—	30.5%	—	2.6pp
Net Margin	5.3%	—	2.5%	—	2.7pp
EPS (Diluted)	$0.40	—	$0.19	—	112.7%
Free Cash Flow	$1.4B	—	$1.7B	—	-20.1%

Revenue Flow

Item	Amount
REVENUE	$24.5B
Cost of Revenue	$16.4B
GROSS PROFIT	$8.1B
R&D Expenses	$3.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$5.7B
Cost & Expenses	$22.1B
OPERATING INCOME	$2.4B
Interest Income	$105M
Interest Expense	$152M
Other Income/Expenses	-$564M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$532M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.1B
EBIT	$2.0B
EBITDA	$3.1B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$24.5B
Cost of Revenue	$16.4B
GROSS PROFIT	$8.1B
R&D Expenses	$3.0B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.7B
Other Expenses	$0
Operating Expenses	$5.7B
Cost & Expenses	$22.1B
OPERATING INCOME	$2.4B
Interest Income	$105M
Interest Expense	$152M
Other Income/Expenses	-$564M
INCOME BEFORE TAX	$1.8B
Income Tax Expense	$532M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$1.1B
EBIT	$2.0B
EBITDA	$3.1B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$17M
Change in Working Capital	-$498M
OPERATING CASH FLOW	$1.9B
Capital Expenditure	-$486M
Acquisitions (Net)	-$249M
Purchases of Investments	-$222M
Sales/Maturities of Investments	$0
Other Investing Activities	-$144M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$93M
Common Stock Repurchased	$0
Common Dividends Paid	-$988M
Other Financing Activities	-$141M
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$1.4B
Net Change in Cash	-$221M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.6B
Short-Term Investments	$3.8B
Net Receivables	$9.6B
Inventory	$2.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$20.9B
PP&E (Net)	$1.3B
Goodwill	$3.5B
Intangible Assets	$1.8B
Long-Term Investments	$1.1B
Tax Assets	$997M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$8.6B
TOTAL ASSETS	$29.5B
Account Payables	$2.2B
Short-Term Debt	$809M
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$10.0B
Long-Term Debt	$2.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$290M
Other Non-Current Liabilities	$1.3B
TOTAL NON-CURRENT LIABILITIES	$4.0B
TOTAL LIABILITIES	$14.0B
Common Stock	$1.8B
Additional Paid-In Capital	$2.7B
Retained Earnings	$10.8B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.4B
Minority Interest	$155M
TOTAL EQUITY	$15.5B
TOTAL LIABILITIES & EQUITY	$29.5B
Total Debt	$3.2B
Net Debt	-$1.4B