CAMBRIDGE, UK, 4 FEBRUARY 2014 — ARM Holdings plc announces its unaudited financial results for the fourth quarter and full year ended 31 December 2013.
|
Q4 2013 – Financial Summary
|
Normalised* |
IFRS |
||||||||
|
Q4 2013 |
Q4 2012 |
% Change |
Q4 2013 |
Q4 2012 |
||||||
|
Revenue ($m) |
302.9 |
262.8 |
15% |
302.9 |
262.8 |
|||||
|
Revenue (£m) |
189.1 |
164.2 |
15% |
189.1 |
164.2 |
|||||
|
Operating expenses (£m) |
88.1 |
79.7 |
11% |
170.3 |
98.9 |
|||||
|
Operating margin |
48.8% |
46.6% |
5.0% |
34.5% |
||||||
|
Profit before tax (£m) |
95.5 |
80.0 |
19% |
12.2 |
59.5 |
|||||
|
Earnings per share (pence) |
5.3 |
4.1 |
30% |
(0.4) |
3.0 |
|||||
|
Net cash generation (£m) ** |
77.9 |
74.1 |
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|
Effective revenue fx rate ($/£) |
1.60 |
1.60 |
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|
FY 2013 – Financial Summary |
Normalised* |
IFRS |
||||||||
|
FY 2013 |
FY 2012 |
% Change |
FY 2013 |
FY 2012 |
||||||
|
Revenue ($m) |
1,117.7 |
913.1 |
22% |
1,117.7 |
913.1 |
|||||
|
Revenue (£m) |
714.6 |
576.9 |
24% |
714.6 |
576.9 |
|||||
|
Operating expenses (£m) |
326.5 |
284.2 |
15% |
521.8 |
336.9 |
|||||
|
Operating margin |
49.1% |
45.6% |
21.5% |
36.1% |
||||||
|
Profit before tax (£m) |
364.0 |
276.5 |
32% |
162.6 |
221.0 |
|||||
|
Earnings per share (pence) |
20.6 |
14.7 |
40% |
7.4 |
11.5 |
|||||
|
Net cash generation (£m) ** |
344.5 |
267.3 |
||||||||
|
Effective revenue fx rate ($/£) |
1.56 |
1.58 |
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|
* |
Normalised figures are based on IFRS, adjusted for acquisition-related charges, share-based payment costs, profit or loss on disposal and impairment of available-for-sale investments, share of results in joint venture, Linaro™-related charges, intangible amortisation, and exceptional items. For reconciliation of IFRS measures to normalised non-IFRS measures detailed in this document, see notes 12.13 to 12.16. |
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** |
Net cash generation is defined as movement on cash, cash equivalents, short-term and long-term deposits, adding back dividend payments, investment and acquisition consideration, other acquisition-related payments, share-based payroll taxes, investment in joint venture, payments to Linaro, cash impact of exceptional items and deducting inflows from share option exercises and investment disposal proceeds – see notes 12.8 to 12.12. |
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