Income statement, balance sheet and cash flow statement for the last 4 fiscal years, taken from the XBRL data HITACHI LTD files with the SEC in its annual reports.
In JPY millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2009
FY2009
FY2009
FY2011
Revenue
11,226,735
10,000,369
8,968,546
9,315,807
Cost of revenue
8,777,657
7,816,180
6,849,255
6,967,433
Gross profit
2,449,078
2,184,189
2,119,291
2,348,374
Research and development
416,517
372,470
395,180
Selling, general and administrative
2,103,562
2,057,043
1,917,132
1,903,866
Interest expense
42,448
33,809
26,252
24,878
Interest income
31,501
19,177
12,017
13,267
Pre-tax income
-289,871
63,580
432,201
Income tax
272,163
505,249
147,971
129,075
Net income to minority interests
110,744
-7,783
22,570
64,257
Net income
-58,125
-787,337
-106,961
238,869
EPS, basic
-17.48
-236.86
-29.20
52.89
EPS, diluted
-17.77
-236.87
-29.20
49.38
Shares, basic (weighted)
3,324
3,663
4,516
Shares, diluted (weighted)
3,324
3,663
4,516
Balance sheet
FY2009
FY2009
FY2009
FY2011
Cash and equivalents
560,960
807,926
577,584
554,810
Short-term investments
8,654
53,575
16,598
Receivables
2,133,278
2,242,492
2,090,919
Inventory
1,456,271
1,222,077
1,341,768
Total current assets
5,065,399
4,775,197
4,900,029
Property, plant and equipment
2,393,946
2,219,804
2,111,270
Goodwill
134,430
165,586
171,500
Intangible assets
320,665
352,464
356,518
Other non-current assets
795,782
738,420
728,007
Total assets
9,403,709
8,964,464
9,185,629
Accounts payable
1,138,770
1,229,546
1,236,758
Accrued liabilities
878,454
919,849
933,918
Short-term debt
531,635
303,730
338,218
Total current liabilities
4,621,904
3,931,203
4,088,824
Long-term debt
1,289,652
1,611,962
1,300,311
Other non-current liabilities
263,204
248,271
243,724
Total liabilities
7,224,357
6,696,619
6,744,240
Total debt
1,821,287
1,915,692
1,638,529
Paid-in capital
560,066
620,577
603,133
Retained earnings
820,440
713,479
922,036
Treasury stock
-26,237
-26,151
-1,371
Other comprehensive income
-586,351
-432,057
-493,062
Shareholders' equity
1,049,951
1,284,658
1,439,865
Minority interests
1,129,401
983,187
1,001,524
Total equity
3,313,120
2,179,352
2,267,845
2,441,389
Total liabilities and equity
9,403,709
8,964,464
9,185,629
Cash flow statement
FY2009
FY2009
FY2009
FY2011
Net income
52,619
-795,120
-84,391
303,126
Depreciation and amortization
541,470
478,759
441,697
382,732
Deferred income tax
84,587
403,968
60,440
3,952
Change in receivables
47,843
342,008
-138,785
121,606
Change in inventory
-107,546
-57,206
205,848
-171,275
Change in payables
42,453
-359,230
62,295
47,512
Cash from operations
791,837
558,947
798,299
841,554
Capital expenditures
-474,344
-422,109
-286,259
-254,460
Cash from investing
-689,316
-550,008
-530,595
-260,346
Debt issued
404,190
467,341
656,768
179,324
Debt repaid
-381,069
-441,550
-565,212
-790,328
Stock issued
252,420
Share buybacks
-841
-115
-183
Dividends paid
-19,889
-19,826
-134
-22,466
Cash from financing
-133,858
284,388
-502,344
-584,176
Exchange rate effect
-25,569
-46,361
4,298
-31,836
Net change in cash
-56,906
246,966
-230,342
-22,774
Free cash flow
317,493
136,838
512,040
587,094
Interest paid
34,443
26,706
25,457
Income taxes paid
177,624
61,155
122,057
Key metrics
Worked out from the statements above. Latest values use fiscal 2011. No valuation: the share price is quoted in a different currency than the statements.
Profitability
Metric
Value
How it is calculated
Gross margin
25.2%
Gross profit / revenue.
Pre-tax margin
4.6%
Pre-tax income / revenue.
Net margin
2.6%
Net income / revenue.
FCF margin
6.3%
Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin
9.0%
Cash from operations / revenue.
Effective tax rate
29.9%
Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)
17.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)
2.6%
Net income / average total assets.
R&D / revenue
4.2%
Research and development expense / revenue.
SG&A / revenue
20.4%
Selling, general and administrative expense / revenue.
Capex / revenue
2.7%
Capital expenditures / revenue.
D&A / revenue
4.1%
Depreciation and amortization / revenue.
Growth
Metric
Value
How it is calculated
Revenue growth, 1y
3.9%
Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y
-6.0%
Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit growth, 1y
10.8%
Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y
-1.4%
Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow growth, 1y
5.4%
Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y
2.1%
Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y
14.7%
Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y
22.7%
Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value growth, 1y
12.1%
Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y
2.5%
Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y
23.3%
Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Balance sheet health
Metric
Value
How it is calculated
Current ratio
1.20x
Current assets / current liabilities.
Quick ratio
0.65x
(Cash + short-term investments + receivables) / current liabilities.
Cash ratio
0.14x
(Cash + short-term investments) / current liabilities.
Debt / equity
1.14x
Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets
17.8%
Total debt / total assets.
Liabilities / assets
73.4%
Total liabilities / total assets.
Net debt
¥1.07T
Total debt - cash - short-term investments. Negative means more cash than debt.
Days inventory + days sales outstanding - days payables.
FCF conversion
245.8%
Free cash flow / net income, when net income is positive.
Capex / operating cash flow
30.2%
Capital expenditures / cash from operations, when that is positive.
Per share
Metric
Value
How it is calculated
EPS, diluted
¥49.38
Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic
¥52.89
Net income per basic share, as reported (split-adjusted).
Revenue per share
¥2,063.00
Revenue / diluted weighted shares.
FCF per share
¥130.01
Free cash flow / diluted weighted shares.
Operating cash flow per share
¥186.35
Cash from operations / diluted weighted shares.
Book value per share
¥318.84
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Dividends paid / net income, when net income is positive.
Dividends / FCF
3.8%
Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF
0.0%
Share buybacks / free cash flow, when free cash flow is positive.
What was HITACHI LTD's revenue in fiscal 2011?
HITACHI LTD reported revenue of ¥9.32T for fiscal 2011, 3.9% higher than the year before.
Was HITACHI LTD profitable in fiscal 2011?
Yes. Net income was ¥238.87B, a net margin of 2.6%.
How much free cash flow did HITACHI LTD generate in fiscal 2011?
Cash from operations of ¥841.55B minus capital expenditures of ¥254.46B left free cash flow of ¥587.09B.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.