01—Abstract
Summary
Summary of the 10-K/A filed October 8, 2013. Cited figures are marked; the original filing is the authoritative source.
Broadridge Financial Solutions, Inc. filed Amendment No. 1 on Form 10-K/A for its fiscal year ended June 30, 2013.
The amendment amends the Original Filing made on August 8, 2013, and its stated purpose is to replace the Performance Graph in that filing. No other disclosures or exhibits in the Original Filing are modified, and the amendment does not reflect events after the Original Filing date. It should be read together with the Original Filing.
The replacement graph compares cumulative total return from June 30, 2007 through June 30, 2013 for Broadridge common stock, the S&P 400 MidCap Index, and the S&P 400 Information Technology Index. A $100a investment in Broadridge common stock on June 30, 2007 was valued at $160.22 on June 30, 2013. Over the same period, the S&P 400 MidCap Index value was $142.95 and the S&P 400 Information Technology Index value was $130.06.
The cover page reports 119,067,195 common shares outstanding as of July 31, 2013, excluding 35,393,932 shares held in treasury. The aggregate market value of common stock held by non-affiliates was approximately $2,769,467,282b as of December 31, 2012.
The company is a large accelerated filer and a well-known seasoned issuer, and its common stock is listed on the New York Stock Exchange. The amendment was signed by Dan Sheldon, Vice President and Chief Financial Officer, on October 7, 2013.
02—Key points
Key Highlights
- Amendment No. 1 on Form 10-K/A for the fiscal year ended June 30, 2013, amending the Original Filing made on August 8, 2013.
- The sole stated purpose is to replace the Performance Graph in the Original Filing; no other disclosures or exhibits are modified.
- A $100 investment in Broadridge common stock on June 30, 2007 was valued at $160.22 on June 30, 2013.
- Over the same period, the S&P 400 MidCap Index value was $142.95 and the S&P 400 Information Technology Index value was $130.06.
- As of July 31, 2013, 119,067,195 common shares were outstanding, excluding 35,393,932 shares held in treasury.
- Aggregate market value of common stock held by non-affiliates was approximately $2,769,467,282 as of December 31, 2012.
- The company is a large accelerated filer and a well-known seasoned issuer, with common stock listed on the New York Stock Exchange.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2013, Broadridge Financial Solutions kept $0.09.
- Revenue$2.43B100.0%
- Cost of revenue−$1.77B72.7%
- Gross profit$663.0M27.3%
- Operating costs−$339.8M14.0%
- Operating income$323.2M13.3%
- Interest, other & tax−$111.1M4.6%
- Net income$212.1M8.7%
Where FY2013 revenue went
$2.43B- Cost of revenue: $1.77B, 73% of revenue
- SG&A: $323.6M, 13% of revenue
- Net income: $212.1M, 8.7% of revenue
- Other operating costs: $16.2M, 0.7% of revenue
- Interest, other & tax: $111.1M, 4.6% of revenue
Kept 8.7% as net incomeOther operating costs $16.2M · 0.7%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2013filed October 8, 2013Financial Statements
FY2013 against FY2012
| Line item | FY2013FY2012 | Change |
|---|---|---|
| Revenue | $2.43B$2.30B | +5.5% |
| Cost of Revenue | $1.77B$1.72B | +3.1% |
| Gross Profit | $663.00M$588.40M | +12.7% |
| SG&A Expenses | $323.60M$299.90M | +7.9% |
| Operating Expenses | $2.11B$2.10B | +0.2% |
| Operating Income | $323.20M$200.90M | +60.9% |
| Net Income | $212.10M$123.60M | +71.6% |
| EPS (Basic) | $1.74$1.00 | +74.0% |
| EPS (Diluted) | $1.69$0.97 | +74.2% |
| Shares Outstanding (Basic) | 121.90M124.10M | −1.8% |
| Shares Outstanding (Diluted) | 125.40M127.50M | −1.6% |
05—Questions
Frequently Asked Questions
What is the purpose of this amended annual report?
The amendment replaces the Performance Graph included in the Original Filing made on August 8, 2013. It also includes currently dated certifications as exhibits. No other disclosures or exhibits in the Original Filing are changed, and the amendment does not reflect events after the Original Filing date.
How did Broadridge common stock perform relative to the indexes in the replacement graph?
From June 30, 2007 through June 30, 2013, a $100 investment in Broadridge common stock grew to $160.22. Over the same period, the S&P 400 MidCap Index value was $142.95 and the S&P 400 Information Technology Index value was $130.06.
How many common shares were outstanding and how many were held in treasury?
As of July 31, 2013, there were 119,067,195 shares of common stock outstanding, excluding 35,393,932 shares held in treasury. Par value is $0.01 per share.
What was the aggregate market value of common stock held by non-affiliates?
The aggregate market value of common stock held by non-affiliates was approximately $2,769,467,282 as of December 31, 2012.
06—Continue