PHG FY 2013 Earnings Report — Koninklijke Philips N.V. Revenue & Financial Results | Market Cap Arena

Koninklijke Philips N.V.PHG

FY 2013 Earnings

Reported February 25, 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	$27.3B	—	—	—	—
Op. Income	$2.3B	—	—	—	—
Gross Margin	41.5%	—	—	—	—
Net Margin	5.0%	—	—	—	—
EPS (Diluted)	$1.39	—	—	—	—
Free Cash Flow	$170M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$27.3B
Cost of Revenue	$16.0B
GROSS PROFIT	$11.3B
R&D Expenses	$2.0B
Selling & Marketing	$5.9B
General & Administrative	$1.1B
SG&A Expenses	$7.1B
Other Expenses	-$37M
Operating Expenses	$9.0B
Cost & Expenses	$25.0B
OPERATING INCOME	$2.3B
Interest Income	$82M
Interest Expense	$468M
Other Income/Expenses	-$227M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$546M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$162M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.6B
EBIT	$2.3B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$27.3B
Cost of Revenue	$16.0B
GROSS PROFIT	$11.3B
R&D Expenses	$2.0B
Selling & Marketing	$5.9B
General & Administrative	$1.1B
SG&A Expenses	$7.1B
Other Expenses	-$37M
Operating Expenses	$9.0B
Cost & Expenses	$25.0B
OPERATING INCOME	$2.3B
Interest Income	$82M
Interest Expense	$468M
Other Income/Expenses	-$227M
INCOME BEFORE TAX	$1.9B
Income Tax Expense	$546M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$162M
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.4B
D&A	$1.6B
EBIT	$2.3B
EBITDA	$3.6B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$122M
Deferred Income Tax	$0
Other Non-Cash Items	-$302M
Change in Working Capital	-$2.0B
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$1.2B
Acquisitions (Net)	$80M
Purchases of Investments	-$15M
Sales/Maturities of Investments	$18M
Other Investing Activities	-$504M
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$143M
Common Stock Repurchased	-$783M
Common Dividends Paid	-$319M
Other Financing Activities	-$334M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$170M
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.9B
Short-Term Investments	$12M
Net Receivables	$5.6B
Inventory	$3.8B
Other Current Assets	$1.1B
TOTAL CURRENT ASSETS	$13.4B
PP&E (Net)	$3.3B
Goodwill	$7.6B
Intangible Assets	$3.8B
Long-Term Investments	$769M
Tax Assets	$2.0B
Other Non-Current Assets	$242M
TOTAL NON-CURRENT ASSETS	$17.7B
TOTAL ASSETS	$31.1B
Account Payables	$2.9B
Short-Term Debt	$693M
Deferred Revenue	$281M
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$9.9B
Long-Term Debt	$3.7B
Deferred Revenue NC	$251M
Deferred Tax Liabilities	$89M
Other Non-Current Liabilities	$4.2B
TOTAL NON-CURRENT LIABILITIES	$8.0B
TOTAL LIABILITIES	$18.0B
Common Stock	$220M
Additional Paid-In Capital	$2.1B
Retained Earnings	$12.2B
Treasury Stock	-$841M
Accum. Other Comp. Income	-$547M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.1B
Minority Interest	$15M
TOTAL EQUITY	$13.1B
TOTAL LIABILITIES & EQUITY	$31.1B
Total Debt	$4.6B
Net Debt	$1.7B