TomTom 2013 Annual Report Download - page 90

Download and view the complete annual report

Please find page 90 of the 2013 TomTom annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 93

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93

(€ in millions, unless stated otherwise) 2013 2012 2011 2010 2009 2008
INCOME AND EXPENSES
Revenue 963 1,057 1,273 1,521 1,480 1,674
Gross result 521 555 640 744 731 781
Operating result126 70 102 190 231 264
Net result220 129 74 110 94 188
DATA PER SHARE
Earnings per share (in €) - diluted30.09 0.58 –1.97 0.49 0.47 1.17
Adjusted earnings per share (in €) - basic3 4 0.26 0.40 0.55 0.70 0.78 1.50
SHARES OUTSTANDING
Average # basic shares outstanding (in millions)3222 222 222 222 184 148
Average # diluted shares outstanding (in millions)3223 222 222 222 185 149
REGIONAL REVENUE SPLIT
Europe 710 773 937 1,070 1,007 1,182
North America 178 208 257 380 411 434
Rest of World 76 76 79 70 62 59
CASH FLOW
Cash generated from operations 188 187 195 265 430 463
Cash flows from operating activities 260 167 174 210 340 354
Cash flows from investing activities –91 –51 –73 –65 –90 –1,903
Cash flows from financing activities –74 –146 –214 –209 –206 1,408
Net increase/(decrease) in cash and cash equivalents 95 –30 –112 –64 45 –142
BALANCE SHEET
Goodwill 382 382 382 855 855 855
Intangible assets 804 821 872 946 986 1,011
Inventories 42 44 66 94 67 145
Trade receivables 115 150 185 306 294 290
Cash and cash equivalents 258 164 194 306 368 321
Provisions 80 81 101 109 114 113
Borrowings 173 247 384 588 790 1,388
Trade payables 82 84 117 218 201 152
Total equity and liabilities 1,678 1,724 1,799 2,623 2,686 2,767
Net cash/(Net debt) 83 –86 –194 –294 –442 –1,109
KEY RATIOS5
Days sales of Inventory (DSI) 31 30 31 31 21 47
Days sales outstanding (DSO) 39 47 48 55 51 51
Creditor days 60 57 56 72 64 49
NUMBER OF EMPLOYEES
At end of period (FTE) 3,630 3,441 3,677 3,487 3,138 3,357
1Operating result excludes the impairment charges (2011: €512 million; 2008: €1,047 million) and restructuring charges (2011: €14.8 million; 2010: €3.3 million; 2009: €10.3 million; 2008: €16.5 million).
2Net result excludes the above-mentioned impairment and restructuring charges and the related tax effects.
3The earnings per share number and the weighted average number of shares outstanding for all years before 2009 have been adjusted to reflect the impact of the right offering that took place in July 2009.
4Earnings per share adjusted for acquisition-related amortisation, goodwill impairment and restructuring charges on a post-tax basis, and an €80 million one-off tax gain in 2012.
5Calculated based on the sales/cost of sales and the number of days in the last three months of the year.
Key Figures Overview
ANNUAL REPORT AND ACCOUNTS 2013 / 90