SAP FY 2014 Earnings Report — SAP SE Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported March 20, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$20.5B	—	$19.7B	—	4.4%
Op. Income	$5.1B	—	$5.2B	—	-3.3%
Gross Margin	71.6%	—	70.1%	—	1.5pp
Net Margin	18.7%	—	19.8%	—	-1.1pp
EPS (Diluted)	$3.20	—	$3.25	—	-1.4%
Free Cash Flow	$3.3B	—	$3.8B	—	-13.1%

Revenue Flow

Item	Amount
REVENUE	$20.5B
Cost of Revenue	$5.8B
GROSS PROFIT	$14.7B
R&D Expenses	$2.7B
Selling & Marketing	$5.4B
General & Administrative	$1.0B
SG&A Expenses	$6.4B
Other Expenses	$503M
Operating Expenses	$9.6B
Cost & Expenses	$15.5B
OPERATING INCOME	$5.1B
Interest Income	$113M
Interest Expense	$178M
Other Income/Expenses	$28M
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$1.2B
EBIT	$5.3B
EBITDA	$6.5B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$20.5B
Cost of Revenue	$5.8B
GROSS PROFIT	$14.7B
R&D Expenses	$2.7B
Selling & Marketing	$5.4B
General & Administrative	$1.0B
SG&A Expenses	$6.4B
Other Expenses	$503M
Operating Expenses	$9.6B
Cost & Expenses	$15.5B
OPERATING INCOME	$5.1B
Interest Income	$113M
Interest Expense	$178M
Other Income/Expenses	$28M
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.3B
Net Income from Continuing Ops	$3.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.8B
D&A	$1.2B
EBIT	$5.3B
EBITDA	$6.5B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.8B
Depreciation & Amortization	$1.2B
Stock-Based Compensation	$339M
Deferred Income Tax	$1.3B
Other Non-Cash Items	-$520M
Change in Working Capital	$95M
OPERATING CASH FLOW	$4.2B
Capital Expenditure	-$862M
Acquisitions (Net)	-$7.4B
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$974M
Other Investing Activities	$54M
NET CASH FROM INVESTING	-$8.4B
Net Debt Issuance	$6.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.4B
Other Financing Activities	$0
NET CASH FROM FINANCING	$4.9B
FREE CASH FLOW	$3.3B
Net Change in Cash	$702M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$769M
Net Receivables	$5.0B
Inventory	$0
Other Current Assets	$1.4B
TOTAL CURRENT ASSETS	$10.5B
PP&E (Net)	$2.5B
Goodwill	$24.4B
Intangible Assets	$5.4B
Long-Term Investments	$1.2B
Tax Assets	$442M
Other Non-Current Assets	$576M
TOTAL NON-CURRENT ASSETS	$34.4B
TOTAL ASSETS	$44.9B
Account Payables	$914M
Short-Term Debt	$4.4B
Deferred Revenue	$2.0B
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$9.1B
Deferred Revenue NC	$91M
Deferred Tax Liabilities	$451M
Other Non-Current Liabilities	$945M
TOTAL NON-CURRENT LIABILITIES	$10.5B
TOTAL LIABILITIES	$22.0B
Common Stock	$1.4B
Additional Paid-In Capital	$718M
Retained Earnings	$21.4B
Treasury Stock	-$1.4B
Accum. Other Comp. Income	$658M
Other Equity	$1M
TOTAL STOCKHOLDERS' EQUITY	$22.8B
Minority Interest	$110M
TOTAL EQUITY	$22.9B
TOTAL LIABILITIES & EQUITY	$44.9B
Total Debt	$13.5B
Net Debt	$9.6B