Item 6. SELECTED FINANCIAL DATA

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Item 6. SELECTED FINANCIAL DATA

The following selected financial data has been derived from FactSet’s consolidated financial statements. This financial data should be read in conjunction with Item 7, Management’s Discussion and Analysis of Financial Condition and Results of Operations and Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K.

Consoli****dated Statements of Income Data
(in thousands, except per share data)Years Ended August 31,
20142013201220112010
Revenues$920,335$858,112$805,793$726,510$641,059
Operating income302,219269,419(1)272,990238,335(4)221,634
Provision for income taxes91,92172,27385,89667,91271,970
Net income211,543198,637(2)188,809171,046(5)150,211
Diluted earnings per common share$4.92$4.45(3)$4.12$3.61(6)$3.13
Weighted average common shares (diluted)42,97044,62445,81047,35548,004
Cash dividends declared per common share$1.48$1.32$1.16$1.00$0.86
Consolidated Balance Sheet Data
(in thousands)August 31,
20142013201220112010
Cash and cash equivalents$116,378$196,627$189,044$181,685$195,741
Accounts receivable, net of reserves90,35473,29074,25175,00459,693
Goodwill and intangible assets, net327,463280,796289,162274,575274,170
Total assets663,212690,197694,143657,440644,608
Non-current liabilities24,83930,16528,70332,82932,926
Total stockholders’ equity$511,082$541,779$552,264$515,188$502,406
(1)Operating income for fiscal 2013 includes pre-tax charges totaling $18.3 million related to the vesting of performance-based stock options granted in connection with the acquisitions of Market Metrics and StreetAccount.
(2)Fiscal 2013 net income includes $12.9 million (after-tax) of incremental expenses related to the vesting of performance-based stock options granted in connection with the acquisitions of Market Metrics and StreetAccount and income tax benefits of $7.2 million primarily from the reenactment of the U.S. Federal R&D tax credit in January 2013 and finalizing prior years’ tax returns.
(3)Diluted EPS for fiscal 2013 includes the net effect of a $0.29 decrease for the vesting of performance-based options partially offset by an $0.16 increase in diluted EPS from the reenactment of the U.S. Federal R&D credit.
(4)Fiscal 2011 operating income includes a pre-tax charge of $7.9 million related to an increase in the estimated number of performance-based stock options that will vest. The revised estimate reflects a higher performance level than previously estimated and accordingly, increased the number of performance-based options that will vest and be expensed.
(5)Net income for fiscal 2011 includes $5.4 million (after-tax) of incremental expenses related to an increase in the estimated number of performance-based stock options that will vest and income tax benefits of $6.3 million primarily from the finalization of the fiscal 2010 tax return and the reenactment of the U.S. Federal R&D tax credit in December 2010.
(6)Included in fiscal 2011 diluted EPS were income tax benefits of $0.13 from finalizing the prior year U.S. tax return and the reenactment of the U.S. Federal R&D tax credit partially offset by an $0.11 decrease related to an increase in the estimated number of performance-based stock options that will vest and be expensed.

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