| |
|
FIVE-YEAR SUMMARY
|
SAP GROUP
| (in millions of €, unless otherwise stated) |
2000 |
2001 |
2002 |
2003 |
2004 |
| Total revenue |
6,264.6 |
7,340.8 |
7,412.8 |
7,024.6 |
7,514.5 |
| % generated by foreign subsidiaries |
78% |
78% |
76% |
75% |
75% |
| % product revenue |
66% |
64% |
64% |
67% |
69% |
| per employee2) in thousands of € |
271 |
271 |
255 |
241 |
241 |
| Software revenue |
2458.7 |
2580.5 |
2290.8 |
2147.6 |
2361.0 |
| Operating income |
|
|
|
|
|
| 802.7 |
1,312.4 |
1,625.7 |
1,724.0 |
2,018.4 |
| Pro-forma operating income (excluding stock-based compensation and acquisition-related charges) |
1,243.5 |
1,471.0 |
1,688.0 |
1,879.6 |
2,086.1 |
| Operating margin |
13% |
18% |
22% |
25% |
27% |
| Pro-forma operating margin (excluding stock-based compensation and acquisition-related charges) |
20% |
20% |
23% |
27% |
28% |
| Financial income, net |
|
|
|
|
|
| 265.6 |
-233.0 |
-555.3 |
16.3 |
41.0 |
Interest income, net
|
59.2 |
33.7 |
24.8 |
43.4 |
56.3 |
| Loss from associated companies |
-96.9 |
-165.5 |
-394.0 |
0.0 |
1.8 |
| Other finance income/loss, net |
303.3 |
-101.2 |
-186.1 |
-27.1 |
-17.1 |
| Net income |
|
|
|
|
|
| 615.7 |
581.1 |
508.6 |
1,077.1 |
1,310.5 |
| Return on equity (net income as a % of average equity) |
22% |
19% |
17% |
33% |
32% |
| Earnings per share in € |
1.96 |
1.85 |
1.62 |
3.47 |
4.22 |
| Earnings per share – diluted in € |
1.95 |
1.85 |
1.62 |
3.46 |
4.20 |
| Pro-forma earnings per share in € (excluding stock-based compensation, acquisition-related charges and impairment-related charges) |
n/a |
n/a |
3.08 |
3.84 |
4.37 |
| Income before income tax |
1,012.9 |
1,068.8 |
1,107.7 |
1,776.6 |
2,072.6 |
| Return on sales (income before income tax as a % of total revenue) |
16% |
15% |
15% |
25% |
28% |
| Total assets |
|
|
|
|
|
| 5,619.0 |
6,195.6 |
5,608.5 |
6,325.9 |
7,585.5 |
| Fixed assets |
|
|
|
|
|
| 1,623.7 |
2,203.5 |
1,632.4 |
1,609.0 |
1,624.4 |
| Intangible assets |
116.1 |
499.4 |
440.8 |
421.3 |
524.9 |
| Property, plant, and equipment |
870.7 |
997.0 |
1,034.2 |
1,019.7 |
999.1 |
| Financial assets |
636.9 |
707.1 |
157.3 |
168.0 |
100.4 |
| Non-fixed assets incl. deferred taxes, prepaid expenses, and deferred charges |
|
|
|
|
|
| 3,995.3 |
3,992.1 |
3,976.1 |
4,716.9 |
5,961.1 |
| Inventories |
5.8 |
4.6 |
10.7 |
10.4 |
11.7 |
| Accounts receivable |
2,198.3 |
2,211.6 |
1,967.1 |
1,770.7 |
1,929.1 |
| Liquid assets |
1,086.7 |
866.1 |
1,237.9 |
2,096.0 |
3,196.5 |
| Other non-fixed assets incl. deferred taxes, prepaid expenses, and deferred charges |
704.5 |
909.8 |
760.4 |
839.8 |
823.8 |
| Shareholders’ equity (incl. temporary equity) |
|
|
|
|
|
| 2,926.6 |
3,109.5 |
2,872.1 |
3,709.4 |
4,594.3 |
| as a % of fixed assets |
180% |
141% |
176% |
231% |
283% |
| Subscribed capital |
314.7 |
314.8 |
315.0 |
315.4 |
316.0 |
| Other shareholders’ equity |
2,202.4 |
2,794.7 |
2,557.1 |
3,394.0 |
4,278.3 |
| Temporary equity |
409.5 |
0.0 |
0.0 |
0.0 |
0.0 |
| Liabilities (incl. deferred charges and minority interest) |
|
|
|
|
|
| 2,692.4 |
3,086.1 |
2,736.4 |
2,616.5 |
2,991.2 |
| Long-term liabilities |
181.5 |
289.9 |
339.0 |
379.3 |
416.1 |
| Current liabilities |
2,510.9 |
2,796.2 |
2,397.4 |
2,237.2 |
2,575.1 |
| % of total assets |
|
|
|
|
|
| |
|
|
|
|
| Fixed assets |
29% |
36% |
29% |
25% |
21% |
| Non-fixed assets |
71% |
64% |
71% |
75% |
79% |
| Shareholders’ equity |
52% |
50% |
51% |
59% |
61% |
| Liabilities |
48% |
50% |
49% |
41% |
39% |
| Financial liabilities |
|
|
|
|
|
| 153.4 |
465.7 |
34.0 |
31.6 |
35.1 |
| Long-term |
6.5 |
7.4 |
11.3 |
12.0 |
9.2 |
| Short-term |
146.9 |
458.3 |
22.7 |
19.6 |
25.9 |
| Interest income, net |
+59.2 |
+33.7 |
+24.8 |
+43.4 |
+56.3 |
| Purchases/depreciation and amortization |
|
|
|
|
|
| |
|
|
|
|
| Purchase of intangible assets, property, plant, and equipment (incl. TopTier in 2001, incl. SAP SI since 2003) |
285.9 |
799.8 |
308.7 |
275.3 |
337.9 |
| Depreciation and amortization |
223.3 |
279.8 |
221.2 |
215.5 |
209.7 |
| Depreciation and amortization as a % of purchases |
78% |
35% |
72% |
78% |
62% |
| Cash flow |
|
|
|
|
|
| |
|
|
|
|
| Net cash provided by operating activities |
740.0 |
988.8 |
1,680.5 |
1,504.9 |
1,826.9 |
| Net cash used in investing activities |
-525.7 |
-1,065.9 |
-326.4 |
-1,144.5 |
-886.6 |
| Net cash used in/provided by financing activities |
40.9 |
-126.3 |
-935.9 |
-305.4 |
-372.2 |
| Cash earnings according to DVFA/SG1) |
|
|
|
|
|
| 621.1 |
1,021.3 |
1,373.7 |
1,477.9 |
1,609.1 |
as a % of total revenue
|
10% |
14% |
19% |
21% |
21% |
| as a % of investments |
217% |
128% |
445% |
537% |
476% |
| Employees2) and personnel expenses |
|
|
|
|
|
| |
|
|
|
|
| Number of employees, year-end |
24,177 |
28,410 |
28,797 |
29,610 |
32,205 |
| Number of employees, annual average |
23,078 |
27,072 |
29,054 |
29,098 |
31,224 |
| Personnel expenses |
2,812.8 |
2,908.1 |
2,965.2 |
2,936.6 |
2,968.0 |
| Personnel expenses – excluding stock-based compensation |
2,372.0 |
2,809.7 |
2,929.5 |
2,806.6 |
2,929.9 |
| Personnel expenses per employee – excluding stock-based compensation in thousands of € |
103 |
104 |
101 |
96 |
94 |
| Research and development expenses |
|
|
|
|
|
| 969.4 |
898.3 |
909.4 |
995.9 |
1,020.0 |
| as a % of total revenue |
15% |
12% |
12% |
14% |
14% |
1) German Society of Investment Analysts and Asset Managers.
2) Based on full-time equivalents. |
|
