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30
Item 6. Selected Financial Data
The following financial data should be read in conjunction with our consolidated financial statements, the
related notes and “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of
Operations” included elsewhere in this Report. The historical results are not necessarily indicative of the results to
be expected for any future period.
Year Ended June 30,
2014 (a)(b)(c) 2013 (b)(c) 2012 (c) 2011 2010
(In thousands, except share and per share data)
Consolidated Statements of Operations Data:
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,270,236 $1,167,478 $1,020,269 $817,009 $670,035
Net income attributable to Vistaprint N.V. . . . . . . . . . . . . . . . . 43,696 29,435 43,994 82,109 67,741
Net income per share attributable to Vistaprint N.V.:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.33 $0.89 $1.16 $1.89 $1.56
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1.28 $0.85 $1.13 $1.83 $1.49
Shares used in computing net income per share attributable
to Vistaprint N.V.:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32,873,234 33,209,172 37,813,504 43,431,326 43,365,872
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34,239,909 34,472,004 38,953,179 44,951,199 45,336,561
Year Ended June 30,
2014 (a)(b)(c) 2013 (b)(c) 2012 (c) 2011 2010
(In thousands)
Consolidated Statements of Cash Flows Data:
Net cash provided by operating activities . . . . . . . . . . . . . . . . $ 148,580 $ 140,012 $ 140,641 $ 162,633 $153,701
Purchases of property, plant and equipment. . . . . . . . . . . . . . (72,122) (78,999) (46,420) (37,405) (101,326)
Purchases of ordinary shares . . . . . . . . . . . . . . . . . . . . . . . . . (42,016) (64,351) (309,701) (56,935) —
Business acquisitions, net of cash acquired . . . . . . . . . . . . . . (216,384)—
(180,675)—
(6,496)
Net proceeds (payments) of debt . . . . . . . . . . . . . . . . . . . . . . 207,946 8,051 227,181 (5,222) (13,848)
As of June 30,
2014 (a)(b)(c) 2013 (b)(c) 2012 (c) 2011 2010
(In thousands)
Consolidated Balance Sheet Data:
Cash, cash equivalents and marketable securities (d) . . . . . . $ 76,365 $50,065 $62,203 $237,081 $172,331
Working capital (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (83,560) (54,795) (26,381) 178,485 111,369
Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 988,985 601,567 592,429 555,900 477,889
Total long-term debt, excluding current portion. . . . . . . . . . . . 410,484 230,000 229,000 — —
Total shareholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . 232,457 189,561 189,287 450,093 376,114
___________________
(a) Includes the impact of the acquisitions of People & Print Group B.V. on April 1, 2014 and Pixartprinting S.p.A. on April 3, 2014, as well as
our investment in a joint business arrangement with Plaza Create Co. Ltd. in February 2014. See Notes 8 and 16 in our accompanying
financial statements in this Report for a discussion of these transactions.
(b) Includes the impact of our July 10, 2012 equity investment in Namex Limited ("Namex"). During the fourth quarter of fiscal 2014 we disposed
of this investment and recognized a loss on the sale of $12.7 million. See Note 15 in our accompanying financial statements in this Report
for a discussion of this investment.
(c) Includes the impact of the acquisitions of Albumprinter Holding B.V. on October 31, 2011 and Webs, Inc. on December 28, 2011. See Note 8
in our accompanying financial statements in this Report for a discussion of these acquisitions.
(d) We define working capital as current assets less current liabilities. Our working capital profile has evolved since fiscal 2011 as we have made
long-term investments that seek to drive shareholder value through acquisitions, ordinary share purchases, and other strategic initiatives. We
have financed these investments through a mix of cash on hand, cash flows generated from operations and external debt financing.