SAP FY 2013 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

FY 2013 Earnings

Reported March 21, 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	$19.7B	—	$19.0B	—	3.6%
Op. Income	$5.2B	—	$4.7B	—	10.8%
Gross Margin	70.1%	—	68.7%	—	1.4pp
Net Margin	19.8%	—	17.3%	—	2.5pp
EPS (Diluted)	$3.25	—	$2.77	—	17.3%
Free Cash Flow	$3.8B	—	$3.6B	—	5.0%

Revenue Flow

Item	Amount
REVENUE	$19.7B
Cost of Revenue	$5.9B
GROSS PROFIT	$13.8B
R&D Expenses	$2.7B
Selling & Marketing	$4.8B
General & Administrative	$1.0B
SG&A Expenses	$5.8B
Other Expenses	$30M
Operating Expenses	$8.5B
Cost & Expenses	$14.4B
OPERATING INCOME	$5.2B
Interest Income	$81M
Interest Expense	$212M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$1.1B
EBIT	$5.4B
EBITDA	$6.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$19.7B
Cost of Revenue	$5.9B
GROSS PROFIT	$13.8B
R&D Expenses	$2.7B
Selling & Marketing	$4.8B
General & Administrative	$1.0B
SG&A Expenses	$5.8B
Other Expenses	$30M
Operating Expenses	$8.5B
Cost & Expenses	$14.4B
OPERATING INCOME	$5.2B
Interest Income	$81M
Interest Expense	$212M
Other Income/Expenses	-$97M
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.9B
D&A	$1.1B
EBIT	$5.4B
EBITDA	$6.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.9B
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$382M
Deferred Income Tax	$1.3B
Other Non-Cash Items	$143M
Change in Working Capital	-$292M
OPERATING CASH FLOW	$4.5B
Capital Expenditure	-$662M
Acquisitions (Net)	-$1.4B
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	$64M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	-$731M
Common Stock Repurchased	$0
Common Dividends Paid	-$1.2B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$3.8B
Net Change in Cash	$317M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.2B
Short-Term Investments	$44M
Net Receivables	$4.4B
Inventory	$373M
Other Current Assets	$684M
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$2.1B
Goodwill	$16.0B
Intangible Assets	$3.5B
Long-Term Investments	$419M
Tax Assets	$344M
Other Non-Current Assets	$731M
TOTAL NON-CURRENT ASSETS	$23.1B
TOTAL ASSETS	$31.7B
Account Payables	$748M
Short-Term Debt	$685M
Deferred Revenue	$1.7B
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$7.4B
Long-Term Debt	$4.3B
Deferred Revenue NC	$87M
Deferred Tax Liabilities	$134M
Other Non-Current Liabilities	$968M
TOTAL NON-CURRENT LIABILITIES	$5.5B
TOTAL LIABILITIES	$12.9B
Common Stock	$1.4B
Additional Paid-In Capital	$644M
Retained Earnings	$19.0B
Treasury Stock	-$1.5B
Accum. Other Comp. Income	-$839M
Other Equity	-$1.7B
TOTAL STOCKHOLDERS' EQUITY	$18.8B
Minority Interest	$9M
TOTAL EQUITY	$18.8B
TOTAL LIABILITIES & EQUITY	$31.7B
Total Debt	$5.0B
Net Debt	$1.8B